I’ve uploaded my presentation for the Nashville conference in a PDF document. The focus is on industrial land development throughout the United States. Everything goes better with good programming and I hope to demonstrate how the MAPP program is helping me with land developers. I have some other thoughts I will be sharing with you shortly about developing a trading platform for on and off market industrial. In the meantime, please review the attached and contact me with any questions or collaborative enterprises. Nashville Land Development Program

Where The Land Deals Are

On April 23^rd, SIOR held a Land Development Meeting in Las Vegas. We were fortunate to have four leading industrial building developers tell us about industrial land deals today. The comments have been updated to the publication date of this article.

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Funds are dominating the purchase of industrial real estate. Out of the top 40 Los Angeles industrial deals this year, the majority were purchased by funds. For off-market deals, funds purchased closer to 100% of properties that were quietly offered. The size of the fund can range from a $20 Billion public company dealing in billion dollar portfolios to a single operator with wealthy partners buying an old building to rehab. What unites all the funds is their view of real estate as an investment, not as a place to do business.

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We’re starting off the year with good listings including a 58,000 SF building in Paramount (lease), a 7500 SF Building in Gardena (sale), a 9 acre development site in Compton (sale), and a 2 Acre Truck Yard in Gardena (lease). I also have deals working in Riverside, CA; Houston, TX; Long Island, NY and of course, Gardena, CA.

Continue reading “What’s New at Klein Commercial – March 2014”

In Los Angeles, older buildings continue to be valued unlike in many other post-industrial cities. Although these buildings have lower ceilings, poor loading, and limited parking, there have many types of occupants. The main advantages to older buildings are their low rents and central locations. One significant downside is since older buildings compete on low rents, owners can’t afford a lot of improvements. This condition creates blight and despite good occupancy rates, neighborhoods decline. Taxes and planning laws exacerbate the situation.

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Dear Gardena Building Owner:

Continue reading “Gardena Letter to Building Owners”

New California state law that starts taking effect August 1, 2013. All Sellers and Landlords will need to disclose the energy efficiency of their buildings in any sale or lease of an entire building. The goal is to have an Energy Star rating of 75 or better. However disclosure of any score is a requirement. Here is the handout I received from Greenberg Glusker who provided the legal overview and Green Econome who will help you with the filing and disclosure. Handout