June 2021 – Page 3 – LA Loft Blog

June 27, 2021June 27, 2021

Downtown Los Angeles Retail Open For Business At The Spring Arcade Building and Lofts!

New Apple Store opened in the DTLA Tower Theater on June 24th to rave reviews.

After a cautious June 1st soft opening to large venues like the Music Hall. We now have opened the golden gates of Downtown Los Angeles’ retail core. Theaters, Bars, and Restaurants are now at full capacity and in some cases mask free for the vaccinated.

The public health goal of hitting a 70% vaccination rate for adults by July 4th is very close to bringing Downtown Los Angeles back from the brink of devastation. From 7th and Fig. to the Garment District residents and retailers are celebrating mask-free.

Experts agree that DTLA. is a cornerstone of the region’s tourism industry. This is due to the number of conventions hosted in DTLA Already this year, six new conventions have been booked, bringing in thousands of would-be customers to an area crushed by months of forced lockdowns. Once people see how much the region offers, we hope there will be a much-needed spike in residential property leases and purchases to match the vibrant rebirth to the rest of the local economy. If Los Angeles had Golden Gates, now would be the time to throw them open.

#SpringArcadeLofts

+The time to look for a new lease or Purchase in the Arts District is now. Fill out the online form.

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“First of all, it should become a national holiday because it really marks and symbolizes the renaissance of Los Angeles and our property,” said Niles Harris, area hotel manager at the Intercontinental Los Angeles Downtown. “We, like many businesses, especially in the tourism space, have really been decimated by the pandemic.”

LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

Down Town Los Angeles has a long history of bouncing Back from Devastation as seen here on Spring Street

Copyright © This free information provided courtesy L.A. Loft Blog and LAcondoInfo.com with information provided by Corey Chambers, Realty Source Inc, BRE#01889449 We are not associated with the homeowner’s association or developer. For more information, contact (213) 880-9910 or visit LAcondoInfo.com Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.

June 26, 2021July 3, 2021

Spies in California Real Estate – How to Spot and Thwart a Real Estate Spy

Spies will keep you working with tricks and lies promising big pay offs.

California real estate – how to spot a spy

This article is written from the perspective of a Los Angeles real estate agent who occasionally encounters individuals claiming to be prospective new residents — but some are actually spies. Their intention is to gather information by pretending to be a real estate buyer. They will either not sign a representation agreement, or they will haggle to change the terms. Do not change any terms for a suspected spy, often a foreign citizen from a country linked to communism, socialism, or authoritarianism such as China, Russia or North. They will make more promises, attempt to be more endearing. The spy will offer to buy you food, wine, or pay for expenses. They will often have two, sometimes three different names. They may give a smaller price point for the price of what they want, then they may raise it later or start looking in a higher price range. They will be looking over a longer period, sometimes more than six months, to gather more information. They will look at more properties, 10-30 properties, instead of the usual 7-10 properties.

**Foreign** Agents will use the home search process to spy on you and your business.

If you suspect a spy, real estate agents should consider the best strategies. The most successful tactic is to place strict requirements for the suspected buyer spy to sign a buyer agreement. Also, press the spy to provide proof of funds and a pre-approval letter after seeing not more than 1-2 properties.

Look them up on the loft blog’s subscribers’ free personal report service or for $29 for non-subscribers. #DTLALofts

Looking for an Arts District Loft for sale or lease? Use this link

LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

Russian Spies Living Among Us In Plain Sight.

Copyright © This free information is provided courtesy of L.A. Loft Blog and LAcondoInfo.com with the information provided by Corey Chambers, Realty Source Inc, BRE#01889449. We are not associated with the homeowner’s association or developer. For more information, contact (213) 880-9910 or visit LAcondoInfo.com Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental. This is not a solicitation if the buyer or seller is already under contract with another broker.

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