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

Posted on September 8, 2022September 8, 2022 by Jim Klein

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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Dublin – July 13th to 15th, 2022

Posted on February 9, 2022June 16, 2022 by Jim Klein

SIOR Dublin Conference July 13 to July 15

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New Asian Cities

Posted on August 4, 2020April 29, 2021 by Jim Klein

Through my attendance at MIT’s World Real Estate Forum, I was introduced to new research that is collected in the book entitled, Toward Urban Economic Vibrancy, Patterns and Practice in Asia’s New Cities, Edited by Siqi Zheng and Zhengzhen Tan. The several papers that make up the book include sections on finance, structure, Public Private Partnership, design, success measurements, industrial policy, location, and case studies.
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What I Learned From Attending MIT’s World Real Estate Forum 2020

Posted on July 18, 2020April 29, 2021 by Jim Klein

This year’s Forum was held virtually with presenters and participants from Asia, Europe, and the United States. There were a wide range of future-focused topics that came at the right time. The Forum opened many new doors for exploration and research. My favorite sessions addressed ESG, Wellness, New Cities, Pricing Metrics, and Virtual Worlds.
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Machine Learning and Industrial Real Estate

Posted on March 9, 2020April 29, 2021 by Jim Klein

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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Creative Industrial: The Next Wave of Building Investment

Posted on August 13, 2019April 29, 2021 by Jim Klein

We’ve come to end a long period of consolidation in the warehouse and distribution sector. Particularly over the past ten years, a handful of national owners have rolled-up a vast network of separately owned warehouses into an industrial building behemoth across the best locations. It’s a feat worthy of acknowledgement but consolidation marks a turning point. The buccaneering ethos of deal-making has been permanently replaced by a staid, institutional mindset. There is a final hurrah for Private Investors and that is Creative Industrial.

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Geodata, MappSnap and Industrial Real Estate

Posted on March 3, 2019April 29, 2021 by Jim Klein

Geodata is widely used in many commercial internet applications like Yelp, Google Maps, Twitter, Foursquare and Factual. Many of these web services match your phone’s location to their own mapping programs. In most cases location data is an aid to sell goods and services. I use the same relationship between point data and the connected internet to find more real estate deals using MappSnap.

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