Tag: Real Estate News

Posted on

Downtown Los Angeles Welcomes Another New Hyperloop Company

Anything that could help alleviate traffic congestion is always going to be a great addition to Los Angeles.  #arrivo #hyperloop #dtla

Arrivo hyper loop company comes to Downtown Los Angeles
Arrivo new hyper loop company comes to Downtown Los Angeles

New Hyperloop company Arrivo company has set up shop across from the Budweiser building on the Boyle Heights side of the 4th Street Bridge. In the race to develop Hyperloop, Arrivo seems to be focusing on the sleds rather than a vacuum chamber.  The giant skates can carry cars, passengers or freight.  Without the vacuum chamber, the speed might not go quite as fast as Elon Musk’s vision, but the development and construction can proceed faster, cheaper, and possibly safer.  Zooming along at up to 200 per hour will be quite an improvement over the current state of freeways in the area.

Arrivo is bringing 70 to 80 engineers to the area. Several of them are seeking residences in Downtown Los Angeles, including tax-saving historic Mills Act approved lofts in the nearby Arts District, Historic Core and Little Tokyo.

Get a free list of Mils Act lofts. Fill out the online form:

LOFT & CONDO LISTINGS DOWNTOWN L.A.  [MAP]

Lofts For Sale     Lofts For Rent Lease Downtown Los Angeles DTLA    

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

Arrivo promised to reduce traffic in Los Angeles
Arrivo promises to reduce traffic congestion and increase transportation efficiency

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.

Posted on

The Rise of Zillow and Death of the Real Estate Agent

Where are the most amazing lofts at the best prices? And how does it all work?  The answers to these all-important questions are changing every day as the pace of new technology accelerates. The L.A. Loft Blog is always among the first authoritative media to discuss the changes in the real estate industry, especially those rare, valuable and challenging insights that some prefer not to think about.

AirBNB is today's King of Real Estate
AirBNB is today’s King of Short Term Rental Real Estate

There’s more money than ever at stake in Downtown Los Angeles housing. The astute observers pay close attention while the movers and shakers benefit from these major changes in the housing market. Compare the number of Google searches of real estate, AirBNB and Zillow:

Homes now sell faster when the buyer’s agent receives less commission.  Yes, the property actually has fewer days on market and a quicker sale transaction when the buyer’s licensed real estate professional is offered less of the shared percentage, while homes are now really selling slower when that commission is higher.  This is one of several indicators that point to the fact that Zillow, Trulia and other major online real estate websites have home search functions that are diminishing the needs for a buyer’s agent. Zillow is blowing away real estate agents.  #airbnb #zillow #realestate

Nobody has really ever been particularly interested in real estate agents. They seem to show up sooner or later as the home buyers or sellers kind of know that they still need one to make sure that all of the buyers see all of the appropriate homes, and agents help negotiate the best price and terms, while helping take care of the massive stack of paperwork that is required in litigation-crazy California.

Just as it is clear the AirBNB is beginning to nibble at the hotel pie (average AirBNB stay is 4 days, compared to average hotel state of 2 days), Zillow is now slurping down huge pools of cash from what was once the grips of buyer’s agents. More than 20% of real estate investors are now seeking properties that can easily be rented out on AirBNB.  Most Downtown condo lofts are not efficient for AirBNB because of strict HOA homeowners rules that do not permit such short rentals.

There are some sectors of real estate that Zillow and Trulia do not compete well.  Those are the ultra-local, specialized markets like Downtown Los Angeles lofts such as historic Mills Act lofts with property tax benefits, L.A. Adaptive Re-Use Ordinance buildings with lofts for lease, 2-story lofts, live/work lofts and industrial buildings.

Get a free list of Mills Act homes for sale in Los Angeles. Fill out the online form:

LOFT & CONDO LISTINGS DOWNTOWN L.A.  [MAP]

Lofts For Sale     Lofts For Rent Lease Downtown Los Angeles DTLA    

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

Zillow overtakes Real Estate industry
Zillow overtakes Real Estate industry

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.