In the News
Commercial Real Estate News Featuring the Brody Group
Pasadena’s Shops on Hill sells for $18 million
A two-building mixed-use portfolio in Pasadena, California, has sold for a total of $18 million. Dubbed Shops on Hill, the properties are located in Pasadena’s Bungalow Heaven neighborhood north of the I-210 freeway on opposite sides of Washington Blvd. just to the west of N. Hill Ave.
Will the U.S. Stimulus be Enough to Save the Upcoming Rent Shortfall?
There are two ways to fall off a bike. One way to do it happens suddenly. You are riding along and the next thing you know you are on the ground, left to examine your wounds and wonder what you did wrong.
Marcus & Millichap Brings On Multifamily Expert California
Brody Returns to Firm as Senior Vice President Investments. Marcus & Millichap has hired Dana Brody as a Senior Vice President of Investments in its Encino California office.
How Co-Living Compares to Multifamily Investment
Co-living offers investors a 30% net rent premium compared to traditional apartments. Co-living is rising in popularity for both renters and investors.
Co-living Market is Rapidly Expanding
The supply of co-living product doubled in 2018, and by 2018, supply will increase 84%. The co-living market is rapidly expanding. Of the available investment-grade co-living supply in the US, 55.1% was delivered in 2018 alone, according to research from JLL.
Three Mixed-Use Buildings in Highland Park Sell for $23.3 Million
Asana Partners, a Charlotte, N.C.-based real estate investment firm, has purchased a three-building mixed-use portfolio in Highland Park for $23.3 million from Engine Real Estate, a downtown Los Angeles-based private investor.
Creating Cool: How Property Values are Affected by a Neighborhood’s Character
The idea for this article came from a bold statement by a smart person. The statement was, “We think Highland Park will be the next Abbot Kinney.” The smart person was Dana Brody, Senior Vice President of Capital Markets for JLL.
There is No Escaping the Automation of Commercial Real Estate Brokerages
As part of Propmodo's Metatrend series, I moderated a discussion panel in Los Angeles about automation in real estate brokerage.
Upstart Building More ‘Affordable’ Co-Living for Artists
It’s become textbook: Artists move into sketchy, affordable parts of town with good bones that have fallen on tough times and imbue it with hipness. Businesses and wider public interest follow...