According to recently released data by the county assessor, Santa Monica now boasts the third-highest property valuesin Los Angeles County. Soaring nearly 36% over the course of five years, the combined assessed value of the city’s properties now total nearly $39.5 billion. They are third only toLong Beach and Los Angeles. Good Read:Foreign Investments in U.S. Real Estate Plummet…
Over the past few months, the American real estate market has experienced a significant plunge in interest from foreign buyers. With stipulations placed on foreign investments in the U.S. housing market and limitations on foreign currency, demand for American homes by foreign investors has steeply decreased. The magnitude of the decline seems to suggest that foreign buyers have less confidence…
Recently announced, a number of new home-sharing regulation have been released for the city of Los Angeles which will change the way that short-term rentals are booked through Airbnb and other rental platforms. As of July 1, 2019, all hosts must pay an $89 fee to the city and register their short-term rental business. Further, hosts can only register one…
Recently approved by the California Assembly on Wednesday, June 19, a new proposal which places a cap on rent hikes across the state will now be advanced into the Senate, albeit with major changes that lawmakers partnered with realtors to make. As time was ticking down, there was an 11th-hour handshake deal with the California Association of Realtors that resulted…
With the hopes of reducing carbon emissions in an attempt to halt climate change, Santa Monica has committed to spending nearly one billion dollars over the next ten years. Unanimously approved by the City Council, the Climate Action and Adaptation Plan will allow officials to spend $833-million dollars as they want to reduce carbon emissions to under twenty percent of…
As Independence Day nears, city planners in Los Angeles are perfecting their plans for extravagant, over-the-top fireworks displays. A number of stadiums, resorts, and parties are planning to light up the sky with patriotic displays. Keep on reading for information about several of the top events in order to get the most out of your Fourth of July! Currently, The…
One of the many perks of living in LA is the miles of stretching coastline. Whether you want to visit Malibu which offers 21-miles of pristine beaches or go to South Bay, a coastline consisting of fun coastal communities. South Bay offers fine-dining, fun activities, and beautiful real estate. In this article, DRU will cover the 4 primary beaches south…
It is no secret that a new Trader Joe’s development has been underway inside the new Pier 44 retail and boating complex in Marina del Rey. As one of Del Rey Urban‘s community focuses for their residential brokerage, it is an exciting location for a new Trader Joe’s in Marina del Rey to be built. After talking to the developers,…
In DRU’s last article on opportunity zones, they introduced readers to what they are, how to invest, and a few examples. In the second part of the series, they answer a variety of questions regarding OZs that are commonly asked. Topics Covered: Do opportunity zones create a pricing premium for properties in the designated areas? How can you find the…
In DRU’s last article they introduced an excerpt from Scott Chaplan, Esq. Chairman and Managing Director of Del Rey Urban‘s new book, Money Matters: World’s Leading Entrepreneurs Reveal Their Top Tips To Success. The excerpt gave examples on how to give extraordinary returns to ordinary investors in any market! This week DRU will release the following excerpts from the book…
