Although the local CPI has hovered between 0-2% since the recession. In 2017 we have seen it steadily rise above 2% to a current 2.5%. This will affect the annual increase increments for new leases signed. Historically industrial escalation clauses demanded a floating increase between 3-5%, whatever the CPI at the time.
Former American Apparel Facility.
Classic Brick Buildings, BowTruss Roof Roof, Great Natural Light.
Creative Campus conversion: art gallery, live/work.
Warehouse, Manufacturing, or Cannabis/Cultivation Uses.
Skylights, Sprinklers, Gated Parking.
Adjacent to Slauson Central Retail Plaza: Starbucks, Fatburger, etc.
10 minutes south of DTLA Arts District.
An 18,300 square foot food processing building was leased this month to a vegan meal prep and delivery company based in Los Angeles. They needed this space for their expanding business of shipping prepared meals across the country.
The facility was previously occupied by Revolution Foods who prepared school lunches here for Los Angeles charter schools. The new tenant signed a long term lease and will make some improvements to the space. BROCHURE-SitePlan 1715 E 21st LEASED
Converted to bakery in 2008. Possible commercial kitchen, commissary, food processing, meal delivery, beverage, market. Restaurant/Food Processing Wholesale health permit.
Unincorporated LA County; no city taxes. BROCHURE-SitePlan-Photos.
The secondary market for commercial real estate is just beginning to show new life, with the first successful sale of a commercial mortgage-backed securities (CMBS) package in over a year and several new issues in the wings spurred by the strong investor interest on that initial offering. But the positives of renewed activity are tempered by more bad news on the performance of those commercial bond deals made before the freeze.
According to a new report from commercial research provider Trepp, delinquent loans in commercial mortgage securities jumped 85 basis points to 5.65 percent at the end of November. That figure is up from just 4.8 percent a month earlier.
The delinquency rate was highest in the hotel sector, where defaults skyrocketed from 8.67 percent in October to 14.09 percent in November. According to Trepp, the upsurge came from a single Extended Stay Hotel loan. Without it in the mix, the hotel delinquency rate would have increased only 64 basis points, to a little over 9 percent.
Based on Trepp’s analysis, delinquencies on multifamily CMBS loans rose to 8.78 percent in November, up from 7.66 percent the previous month. All other sector’s showed slighter increases. Retail edged up from 4.53 percent to 4.78 percent. Industrial increased from 3.18 percent to 3.33 percent. Office loan delinquencies crept up from 3.08 percent to 3.14 percent.
Trepp says there were $65.2 billion in CMBS loans in special servicing at the end of November, an increase of $8.2 billion, or 14 percent, compared to October. There are very few CMBS related distressed properties in the Los Angeles area. from dsnews.com. image from wsj