Category: Events

Posted on

CicLAvia 2023: An Open Street Bicycle Fiesta in the Heart of Los Angeles | Solar Eclipse

REAL ESTATE NEWS — If you live in Downtown Los Angeles or are planning to spend your weekend in the city, you’ve likely seen or heard the alert from the Downtown Center Business Improvement District (DCBID) about the upcoming CicLAvia event. But what exactly is CicLAvia, and why should it matter to you, whether you’re a resident, investor, home buyer, or even a tourist? Let’s delve into the nuances of this iconic Sunday Los Angeles event and understand its broader implications for the city and its real estate.

The day before, a partial solar eclipse will cool down your warm-up: October 14, 2023 — Maximum eclipse: 9:24 a.m., PDT (Moon covers 78% of sun’s diameter, 71% of sun’s area).

What is CicLAvia?
CicLAvia is a non-profit organization in Los Angeles, California, that works with the city to close streets to car traffic, thereby allowing people to traverse the streets freely on foot, bicycles, skateboards, or other non-motorized means. The idea is to reclaim the streets, if only for a few hours, and turn them into a safe and fun environment for everyone. People can walk, run, cycle, skate, and experience the city like never before.

When and Where is CicLAvia 2023?
Date: Sunday, October 15, 2023
Time: 9 am – 4 pm
Locations: Multiple streets in Downtown LA, including:

Broadway between Bernard St and 7th St
Figueroa St from Venice to 7th St
7th St from Broadway to Figueroa
1st St from Broadway to Central
Central From 1st to 6th
6th St/Whittier from Central to St Louis
St Louis from Whittier to 1st St
1st St from Boyle to Evergreen

How Does This Impact Downtown LA Residents and the Real Estate Market?
Increased Foot Traffic: This is a fantastic opportunity for local businesses to attract customers. If you’re a landlord with commercial properties, this is the day to encourage your tenants to have promotions and events.
Community Engagement: CicLAvia fosters a sense of community that is often missing in big cities. Neighborhoods feel more like neighborhoods when people are out and about, mingling and engaging with their surroundings. This makes the area more appealing to prospective buyers and renters.
Quality of Life: Events like these can significantly elevate the perceived quality of life in an area. They also make for excellent selling points when you’re looking to attract homebuyers or renters who prioritize community events and outdoor activities.
Property Values: In the long term, areas that regularly host community events like CicLAvia may see a positive impact on property values. As a broker or investor, these are critical trends to monitor.
Promotional Opportunities: If you’re in real estate, use this time to host open houses or offer tours of available listings. With the increased foot traffic, you might get more walk-ins than usual.
What Do You Need to Know as a Resident or Visitor?
Street Closures: Be aware that multiple streets will be closed, affecting regular traffic flow. Plan your day accordingly if you need to drive.
Public Transport: Since there will be disruptions, using public transport could be a good idea. Metro Rail Stations along the route will be operational.
Participation: You don’t need to be a cyclist to participate. You can walk, jog, skate, or even dance your way through the streets!
Safety Measures: The DCBID’s Safe & Clean team, known as the “Purple Patrol,” will be on duty. However, participants are encouraged to follow safety protocols, including wearing helmets if cycling and maintaining social distancing as much as possible.
Tips for Landlords and Investors
Marketing: Use this event to market your properties. Capture the vibrant community atmosphere with photos and videos to use in your listings.
Open Houses: This is a golden opportunity to hold open houses and offer special incentives for attendees.
Networking: As many locals and visitors will be out and about, use the opportunity to network and spread the word about your services.
Final Thoughts
CicLAvia is more than just an event; it’s a phenomenon that embodies the spirit of community and freedom. It’s a unique selling point for a city that’s not just about Hollywood and beaches but is also deeply committed to community wellness and sustainable living. As a stakeholder in LA’s real estate landscape, understanding and leveraging such events can offer you a unique edge in an increasingly competitive market.

So whether you’re a resident, a visitor, a landlord, or a potential investor, CicLAvia is your opportunity to experience Downtown LA like never before. Don’t miss it!

For more information, you can contact the DCBID Service Center at:

640 S. Olive Street
Phone: (213) 624-2425
Email: DCBIDservices@downtownla.com
Website: www.downtownla.com
Note: This article is intended to provide value and information to home sellers, buyers, renters, landlords, and investors. For more such insights, stay tuned!

For inquiries about real estate investment opportunities in Downtown LA, feel free to contact us.

That wraps up our deep dive into CicLAvia 2023. If you found this post valuable and informative, consider sharing it with your network. This is more than just an event; it’s a testament to the evolving character and appeal of Downtown LA. Don’t miss the chance to be a part of it!

Request a free list of live/work lofts in Los Angeles. Fill out the online form:

LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

  Lofts For Sale     Map Homes For Sale Los Angeles

SEARCH LOFTS FOR SALE Affordable | Popular | Luxury
Browse by   Building   |   Neighborhood   |   Size   |   Bedrooms   |   Pets   |   Parking

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

Posted on

Lahaina Fire: Resilience of Hawaiians Amidst a Real Estate Frenzy

Ashes of Tragedy, Real Estate Intrigue and the Unyielding Spirit of a Historic Island Town

REAL ESTATE NEWS — Tragedy struck Lahaina, HI last week when a hurricane of wildfires razed the town to the ground, with devastating consequences. Amidst the tragic loss of life and property, a strange and arguably opportunistic trend emerged – real estate investors and realtors rushing to make offers on the now-charred plots of land. Why is this happening, and what does it mean for the people of Lahaina? | VIDEO

A Town’s Struggle:

Before diving deep into the real estate scenario, it’s crucial to understand the magnitude of the tragedy. The fires in Maui led to the confirmed death of more than 100 people, while another 1,000 remain missing. Lahaina, a centuries-old town, saw nearly every one of its buildings destroyed by a hail of fire.

But Lahaina is not just any town. Before the fire, in 2023, the average home price in the area was approximately one million dollars, up from six hundred thousand dollars in 2020. This steep appreciation reflects not just the intrinsic value of the land, but the cultural and historical significance of Lahaina.

Real Estate Frenzy:

In the aftermath of the tragedy, many residents reported receiving calls from alleged investors and realtors wanting to buy their destroyed properties. This trend has outraged many, as it seems these offers are preying on the vulnerable, looking to snap up valuable land at bargain prices. The community’s anger is palpable, with residents voicing their feelings of being besieged from multiple fronts – by nature’s fury and by opportunistic land grabs.

Such activities even prompted the Hawaiian Governor to consider a moratorium on land transactions in Lahaina, ensuring that the grieving residents aren’t pressured into selling their plots. Is the government looking to rescue the town, or is the government just another among hordes of frenzied, lusting buyers who are salivating over rare coastal land. Local trust in the government is faltering.

Local Heroes Amidst the Tragedy:

Tyler Coons of Welcome Hawaii Properties LLC and his friendly ex-wife, Nura-Nal, are emblematic of the resilient spirit of the Lahaina community. Tyler is the listing agent for a luxury property at 9 Bay Dr, Lahaina, HI 96761, which holds the distinction of being the most valuable home in Hawaii. Listed at $41,900,000, this lavish property stands on a 9.96-acre lot and boasts seven bedrooms and ten baths. Importantly, this property was spared from the wildfires and is located in Kapalua about 10 miles away from the Lahaina fire area.

However, tragedy touched Tyler and Nal personally when they lost valuable mementos and items in a family-owned Lahaina condo. This condo housed cherished family photographs, emergency cash and family heirlooms. Buildings 11, 12, and 15 were completely destroyed, leading to the loss of irreplaceable memories and valuables. Heartbreakingly, they also lost family members in the tragedy, including a relative, with others still missing and unaccounted for.

Instead of being bogged down, the Coons family has decided to contribute to the community’s healing. They’re giving to a 501c charity, SharingConnexionnHawaii.org, ensuring the money goes directly to the Lahaina fire victims. Sharing Connexion Hawaii is a part of this endeavor.

When asked about why people are interested in real estate, and how the major disaster will affect the prices, Tyler replied that the prices are expected to rise, simply due to supply and demand. Property values go up after the destruction of so many properties because the supply has dropped sharply. The smart money seeks to take advantage of the temporary bargains before the market price elasticity realizes that prices should be higher. This is especially true today, in a time of unbridled inflation, in a luxury area where cash seeks to flow from the rich who keep getting richer. Let’s hope that some of the fire victims and their loved ones benefit from the monetary inflow.

The fire’s devastation in Lahaina has revealed both the resilience and vulnerability of its residents. The real estate frenzy highlights the need to protect the community and its rich heritage. In these trying times, local heroes like Tyler and Nura-Nal Coons stand out, emphasizing the importance of unity and rebuilding.

If you’d like to contribute or assist the Lahaina community, consider reaching out to organizations such as Sharing Connexion Hawaii https://www.sharingconnexionhawaii.org. Let’s come together to ensure Lahaina’s rich history and culture remain forever alive and better cared for.

Get a free list of beach homes for sale or for lease in the Los Angeles Area. Fill out the online form.

LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

  Lofts For Sale     Map Homes For Sale Los Angeles

SEARCH LOFTS FOR SALE Affordable | Popular | Luxury
Browse by   Building   |   Neighborhood   |   Size   |   Bedrooms   |   Pets   |   Parking

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