Industrial Building Sales

Industrial Building Sales

The Los Angeles industrial real estate market has become financialized. That means pricing generally reflects accepted investment principles. Investment buyers, flush with private capital, are searching for smaller and older buildings than what you would normally expect from fund level buyers. Assets owned by individuals, corporations, families, and partnerships are being sold to large investment groups, funds, and REITS. It started with “Class A” buildings but escalated for almost all industrial buildings starting with low interest rates after the Great Financial Crisis. Activity surged during the Covid period, levelled off during the recent period of higher interest rates, and is regaining strength with more capital allocations hitting almost all industrial properties that generate long-lasting income.

In our experience, some building owners prefer comprehensive marketing and others want discretion. We developed our resources to do both:

Conventional Listing Open Listing – Off-Market
Exclusive Non-Exclusive
Market Rate Broker Fee Lower Broker Fee
Generally, No Dual Agency Dual-Agency
Common with Owner/Users Common with Investor/Developer Sales
No Immediate Hurry Deadline
Public – Wider Distribution Confidential
Dedicated effort and resources Flexibility – Can sell yourself
Posted online and through Industrial Multiple Distributed to professional buyers and local businesses

Leasing Industrial Property in Los Angeles County Under the New Green Zone Ordinance

Leasing Industrial Property in Los Angeles County Under the New Green Zone Ordinance

Leasing Industrial Property in Los Angeles County Under the New Green Zone Ordinance

Green Zones

Green Zones are an entirely different way to look at zoning. It is an outgrowth of the Environmental Justice Movement that had its local origins addressing diesel exhaust at the Port Complex in San Pedro Bay. Properties are analyzed and graded based on their contribution to health disparities using the Environmental Justice Screening Method (EJSM). The EJSM is a new tool and strategy that is designed to correct unhealthy conditions by establishing new mitigation mechanisms. The County will use the EJSM for ongoing monitoring and annual reporting to the parcel level.

Depending on the EJSM score, Regional Planning offers four (4) different routes to approval. The simplest is Site Plan Review (SPR) and it is approved administratively in what we use to call, “over the counter”. The other three routes are discretionary and require formal application and Public Hearing at different levels of planning authority. Generally, the greater the health impact, the longer the approvals.
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Blockchain Demo

Blockchain Demo


Transcript

Welcome to Gardena, CA!

The center of industrial real estate for Los Angeles.

I’m Jim Klein and today I will show you, how to use the blockchain to send and receive files, decentrally among trusted parties.

Let’s go inside.

Here’s how it works. We input the address of the property on the top line. In this case, it’s 19475 Gramercy Pl, Torrance, CA. It’s a 47,000 ft manufacturing, industrial storage building. Contact ID is where we can put the user’s email or a customer number that we generate. We include the file and we press go.

After pressing go the program creates a QR code and a link that I can send to the customer. Only parties who have the link or code can open the file. It records on the blockchain to serve as proof.

With the link you can either click on it or put it in your browser, and the file is transmitted to the party you want to send.

My first use case is offmarket industrial real estate. Meta tags can be used to search the blockchain by keyword.

I’m asking for your help to expand the project and make more deals together. Thank you to the innovation committee and you watching.

SIORS: Finding More Industrial Deals By Blockchain

SIORS: Finding More Industrial Deals By Blockchain


We’ll be meeting in Phoenix for SIOR next week. They are bi-annual conferences, and this will be my 60th in attendance. There are three main reasons I attend. I learn from the best brokers and owner/developers in the industry. There are deals to make and I will see longtime friends. The 4th reason this year is to show how blockchain finds more industrial building deals.

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2022 Continues – Severe Space Shortages

2022 Continues – Severe Space Shortages

potential 240,000 square foot lease deal near LAX

Acute space shortages are national news. Not only here in Los Angeles, where it’s about the worst, but all over the United States. Many tenants are being caught short and others are taking space far in advance, at greater amounts, and at much higher cost. Price bidding leads landlords to weigh credit, use, and history. Credit is the most important enhancement because it notably increases the value of buildings. Larger landlords also favor tenants that will lease multiple buildings across their national holdings.
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Are You Decentralized?

Are You Decentralized?

More real estate opportunities are popping up on decentralized platforms than ever before. Take for instance Los Angeles. There are more industrial buildings sold “off-market” than on. Industrial real estate has always had a decentralized component. Brokers find a good lead. They shop it first to their best clients off-market, decentralized. And if unsuccessful, put it on the market, on a central, MLS-type server for all to search and see. The difference today is that blockchain and cryptography is an electronic evolution that will give customers new ways to profit from their real estate.

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Can Crypto and Blockchain Secure your Commissions

Can Crypto and Blockchain Secure your Commissions

If you had the experience of driving down the street and seeing a building where you should have been paid and were not, this simple technology is of note. As more deals move “off-market”, I want certainty of commission arrangements. Ruthless competition and extreme space shortages is an explosive combination. In this hyper-intense market, this is one example of how I prove Procuring Cause using Blockchain.
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Commentary on Industrial Markets

Commentary on Industrial Markets

Week of June 25 – Need For Space

The industrial market during the Covid-19 period, now edging back to normality, is a lesson on disruption. The most visible example are container ships backed into the sea and unable to unload goods because there is not enough dock space available at the ports. It is the same at warehouses and container yards: too many products and not enough space.
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Machine Learning and Industrial Real Estate

Machine Learning and Industrial Real Estate

An Overview of Properties on a Map

Most of us have experience with basic spreadsheet packages, databases, and CRMs like Excel, Access, or Salesforce. These are common examples of machine learning. More complicated are the advanced expressions that computer scientists write for high finance trading. All rely on search, update, replace, and other basic commands. By setting up procedures and calculations that process your property information, you too can start gaining valuable machine knowledge to make more deals. We’ll be discussing more about this in person during the TransACT 360 Tech Committee’s Program, “Collaborative Innovation”, on April 30 in Indian Wells, Calif.

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Streaming Industrial Real Estate

Streaming Industrial Real Estate

Streaming is the talk of Hollywood. The biggest adaption since television. Technology is replacing human decisions with lessons from on-line, eCommerce and subscription. It’s happening to industrial property. Real estate is already a superior cash streaming business, now with more means to enhance revenues. Visible effects of streaming appear with large space take-downs by studios and independent producers. Agency, too, is being disrupted because the value of data is surpassing personal relationships. Financial concentration and streaming technologies are creating a new real estate business. Virtual and artificial intelligence programs are essential to move forward in these new conditions. Continue reading “Streaming Industrial Real Estate”

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