In late February of this year, the new Transit Oriented Development initiative of the City of Los Angeles was enacted.  This planning measure has the potential to significantly affect both development densities and land values in many locations throughout the City.  Already, Norris Realty Advisors has been involved in a number of key land transactions that are either pending or have been recently completed.

This new initiative will result in significantly higher development densities for properties located with access to regional transit.  For a good outline of the effects of this new planning initiative, visit here.

And, for more of an overview of Transit Oriented Developments on a national level, review information at the Transit Oriented Development Institute web site.

  

Our work experience over the past six months has provided contrasting views on the involvement and effect of Chinese investment capital in Southern California commercial real estate markets.

On one hand, there are press reports of measurable declines in the previous years' windfall of overseas investments in commercial properties throughout the region.  However, our experience indicates that in many sectors of the marketplace, Chinese capital is still very active, making significant investment and lending decisions.

The remaining months of 2018 will be fascinating to observe, as governmental capital restrictions in China may have a further dampening effect on investment in Southern California.  Or not.

For more on recent developments in national capital flows, review this recent article.