REAL ESTATE NEWS (Los Angeles, CA) — Offices and businesses have been collapsing since March 2020, when the virus hysteria and government-forced lockdown began to close down a large percentage of business in California and some other states.
A lot of different markets at this point are giving us a good sense as to what’s going on, according to CNBC. Let’s start with rents, which seem to keep going up despite what we’re hearing about housing rates moving up and making it more or less affordable for buyers. The media is talking about rents being a component of inflation and how there’s nothing abating that upward tick in rents. It’s really a supply and demand issue. Apartment buildings across the country are full, thus able to push rents right now. Until we start to see more supply come online, it will continue.
Some believe that rents will maintain or continue to move higher. They’ll continue to go up. Many business people are calculations a north of 5% increase over the next year. We are told that, until we see that come down to the historic average of 2% to 3%, we’re not going to see that number abate. From an investor perspective and/or those lending, multifamily is the place to be right now. Apartments is a great place to be invested. One of the big reasons for that is Fannie and Freddie, which provide liquidity in that market. There isn’t such liquidity in other commercial real estate classes.
Fore more on the collapse of commercial real estate, take a look at this video from Wall Street Journal about Chinese companies getting the heck out of American commercial real estate.
In the near future, the loft blog will provide a larger article, along with an offer of search and sales services to help with commercial real estate in Downtown and the Greater Los Angeles Area. Get a free list of live/work industrial style residential loft condos for sale or for lease. Fill out the online form.
The Giving Back and Paying It Forward Newsletter — Benefiting Children’s Hospital of Los Angeles
The month of October can be a spooky month, maybe even a scary month with monstrous problems. Yikes!! Well maybe not, but words like that seem to be popping up everywhere as kids and adults alike look forward to Halloween.
In fact, according to USA Today, adults spend more on themselves to celebrate Halloween than any other day during the year. I get that. Especially if they want to hang out with the kids to go trick or treating, or to a Halloween party of some kind.
Many homeowners and homebuyers though are truly scared. Scared to death of how in the world they are going to get out of their house and into their next one (the trick).
My Treat: As a result of working with hundreds of families over the years, we have developed a special program to help home sellers and homebuyers. We will guarantee the sale of their present home at a price agreeable to them, and in the unlikely event their home does not sell, we’ll buy it. Now that is how you turn a trick into a real treat.
AND remember… YOUR referrals help the kids.
My heart breaks for many young people and families who will not be able to enjoy this fun time of the year out trick or treating or going to Halloween parties.
As you know, tragedy falls on many in this life. Tragedies like sickness, cancers and other nasty diseases. We aim to do what we can to help kids who are unable to get out and have fun right now, Due to these evil health problems.
My team and I are addicted to helping you and those you know buy or sell the place they call home. In fact, it is a race to help as many as possible so we can GIVE more away.
A CORE philosophy at our company is ‘the size of the hole you give thru is directly proportionate to the size of the hole you receive thru.
Therefore, our Mission is to Go Serve Big!!! Serve you, serve those you refer to us and of course, serve a great cause.
#CHLA #www.referralshelpkids.com
If you or a friend are thinking about selling, make sure you choose a real estate company that you can trust — a real estate company with experience, proven results and a give-back philosophy!
Your Referrals Help the Kids. For every referral I receive, I donate a portion to the Children’s Hospital Los Angeles. With your referrals, you are helping Children’s Hospital ensure that critical life-saving care is available to every child they treat. http://www.ReferralsHelpKids.com
Below is a story about a very special family.
Your referrals help the kids!
Why I support Childrenʼs Hospital of Los Angeles
Corey Chambers Serving the community with your help.
I grew up right here in the Greater Los Angeles Area, born in Los Angeles County at St. Francis Hospital. I remember when I first heard about a young person close to our family suffering from a serious disease and getting treated for that at Children’s Hospital Los Angeles. It was then that I began to pay closer attention to the work they do at that hospital. Since then, I have learned that it is a collection of hard-working health care professionals, most making their home right here in the Los Angeles area, all coming together for a common cause. That cause is to help young people overcome unfortunate health issues that life sometimes throws our way. Being a Los Angeles Area California native, I take pride in supporting in a way that I can do the good work these people do at Children’s. My team rallies around our annual goal of raising money and donating portions of our income to help Children’s in their quest to heal young people when they need healing. My team and I are committed to providing outstanding results for buyers and sellers referred to us by our past clients. I have discovered that Children’s Hospital Los Angeles shares a similar commitment to their patients. And since their services survive on sponsorships and donations, we are happy to contribute and proud to support them. Sincerely,
Corey Chambers
*seller and Corey must agree on price and time of possession. Corey Chambers, Broker CalDRE#01889449
A real estate company with experience, proven results and a give-back philosophy!
Over the years of helping many families sell their homes and/or buy another, we have met some wonderful, loving, caring people. People like you! So your referrals can rest assured that, not only will they get the award-winning service we are known for and the guarantee to back it up, but that a solid portion of the income we receive will go toward helping the kids.
Refer your friends, neighbors, associates, or family members considering making a move
You can go to www.ReferralsHelpKids.com and enter their contact info on line or forward the link to someone you know considering a move.
Of course, you can always call me direct as well at 213-880-9910
Zanadi and family | Story and photos courtesy CHLA
Program for Teen Parents Helps Zanadi Go for Her Goals — by Katie Sweeney
It seemed like nearly everyone in Zanadi’s life was telling her the same thing.
Take a break from college. Take a “gap year.” It will be too hard to keep your studies going; you can finish your degree later.
It was well-meaning advice. After all, Zanadi, then 19 and a sophomore at Mount St. Mary’s University in Los Angeles, had just learned she was pregnant—with twins. She was struggling financially, and though her boyfriend, Demonte, was by her side, she had little family support to rely on.
But while taking a year off college sounded like a good idea to other people—her therapist, administrators at her school, her grandmother—it didn’t sound good to Zanadi. In fact, it sounded terrible.
“Honestly, I got really stressed out,” she says. “I was already halfway through school; I wanted to finish. I knew that if I took a gap year, I would probably never go back.”
A supportive space
Fortunately, there was one person who did not tell Zanadi to stop school: Soledad Quintanilla-Henriquez, her case manager at the NATEEN Teen Parent Support Program in the Division of Adolescent and Young Adult Medicine at Children’s Hospital Los Angeles.
Founded in 1985, the NATEEN Program helps expectant and parenting teens and young adults up to age 21 reach their goals and thrive through their journey. The team of social workers work with young people to identify their needs and connect them with resources for themselves and their babies—all in an affirming, welcoming and nonjudgmental space.
Zanadi was referred to NATEEN by a social worker in her OB-GYN’s office. When she met Quintanilla-Henriquez, she told her about the pressure she felt to take a break from school.
To her surprise, Quintanilla-Henriquez did not echo others’ advice.
“She was basically like, I didn’t have to do that if I didn’t want to,” Zanadi says. “She said that might be a good choice for some people, but not all people.”
In other words, it was up to her to decide. Zanadi felt her anxiety ease. And while she initially left her options open, as the birth of her babies neared in the summer of 2021, she was sure of her decision.
She enrolled for the fall semester. Somehow, some way, she would make it work.
Empowering teen parents
Quintanilla-Henriquez has been a case manager with NATEEN for eight years. During that time, she’s guided youth as young as 12 through their pregnancies and parenthood.
“I’m so passionate about this program,” she says. “Many times, if not all the time, NATEEN is the only resource these young people have available to help them.”
That support includes case management and counseling; free supplies like diapers, baby wipes, strollers and car seats; health education, including birth control; life skills education, including positive parenting skills; job training; child care referrals and more.
The team also helps young participants stay in school. Although traditional high schools often discourage pregnant teens from continuing to attend, NATEEN case managers step in to inform students of their rights and options.
“We let them know that their school does not have the right to kick them out because of their pregnancy,” Quintanilla-Henriquez says.
In addition, case managers educate their clients about nontraditional high schools that support pregnant teens and teen parents. These schools often offer flexible schedules, free child care, independent study and half-day options.
Another big focus for NATEEN: teaching self-care. “These young people often get overwhelmed by their new role as a parent,” she says. “We have a curriculum that teaches them mindfulness and how to step away from certain situations or de-escalate conflicts with a partner.”
The NATEEN Teen Parent Support Program, which is free and confidential, provides services for 60 to 100 youth per year. For Quintanilla-Henriquez, the best part is seeing these teens mature into young adults—and good parents.
“They come in saying, ‘My life is over,’ and by the time they leave the program they say, ‘I feel invincible. I graduated high school, I feel like I can do anything,’” she says. “It’s really rewarding to see that growth—to see them realize just how much they’re capable of.”
Demonte and Zanadi
Life with twins
A baby is crying in the background, and Zanadi is shuffling around her apartment while on a Zoom call, gently shooing the dog from one of the girls’ beds.
Nothing about her journey has been easy. Even her pregnancy was rough—she had to go to the hospital on a couple of occasions for a threatened miscarriage. But she made it through, and her twins—Zaida and Zaraya—are healthy and nearing their first birthday.
NATEEN has been her main support system—providing her with car seats, baby carriers, diapers and other essential items. One time, she and Demonte were literally on their last diaper, with no money for more. Zanadi called Quintanilla-Henriquez, who promptly brought over two packs of diapers.
“I definitely appreciate all that NATEEN has done for me,” says Zanadi, now 21. “It’s helped a lot. It’s kind of lifted some of the weight off of us since we have two, and they need twice more of everything.”
She and Demonte have settled into a routine, with Demonte watching the girls in the morning before work to allow Zanadi a little extra sleep. She takes her classes online, fitting in her homework when the girls are napping and after she gets them to bed at night.
“I tried to [study] when they were awake, but they never let me!” Zanadi says, breaking into a big smile.
She lights up when talking about her girls. “They have completely different personalities,” she says. “Zaraya’s wild and all over the place, and she’s really silly so she likes to play. Zaida likes to play, too, but she’s a lot more laid back. It’s really fun learning what they like and what they don’t like.”
Still, it’s not easy to juggle motherhood, college and two part-time jobs—all while struggling financially. “I feel like I never make enough money because everything costs so much,” Zanadi says. “We’re basically, like, barely making it. But we’re making it.”
Pursuing her dreams
In May 2023, Zanadi will graduate from Mount St. Mary’s University with a bachelor’s degree in psychology. She is currently deciding whether to then pursue a master’s degree in social work or human resources.
“She is very determined and motivated,” says Quintanilla-Henriquez. “She is a go-getter, she doesn’t give up, she’s so resilient. She’s racing for that finish line. It’s impressive.”
A college degree is just one of Zanadi’s dreams. She has other goals for her future, too. NATEEN has helped her set those goals—and most importantly, map out the steps she needs to take to achieve them.
“I want to buy a house and have a job making $60,000 or more by the time I’m 30,” she shares. “I have goals like that. I want to start saving money for the girls.”
Her biggest goal, though, is to give her twins a better life than what she’s known so far.
Zanadi grew up in North Carolina and came to Los Angeles with her mom while in high school. She’s spent time in the foster care system, and now, her only birth family contact is with her dad and grandmother.
“I want their childhood to be a lot happier than mine was,” she explains. “I want them to know that they’re loved. I don’t want them to want for anything. I want to be able to give them what I didn’t have.”
The crying in the background has stopped. Zanadi reports that Zaraya is happily crawling on the floor, while Zaida has drifted off to sleep. Peace, for the moment, has prevailed.
“I always wanted to be a mom,” she says. “I’ve definitely been through a lot, but I’ve also learned new things and new ways of coping and planning. It has been stressful, but it has been really rewarding, too.” — Story and photos courtesy Children’s Hospital Los Angeles
