Until recently my clients preferred to stay close to home and were satisfied with property offerings in the LA Basin. Now, I’m driving more, especially east. Many are recognizing that pricing for modern buildings in the Inland Empire is considerably less on a square foot basis. Employee housing in the region is currently ”on-sale” because of sub-prime loans. Communication has improved such that top management no longer needs to reside in the production facility on a daily basis. The Inland Empire can serve as a more functional location than being buried inside Los Angeles. Finally, developers are frustrated with the limited industrial opportunities in L.A. and need to follow the growth.
Continue reading “Inland Empire and Beyond the Basin”

Gardena is on the brink of insolvency because of a failed insurance investment and poor governing. While desperate to right itself, Gardena’s effort points to a generation of bad decisions. As we enter a period of scarce State and Federal resources, cities like Gardena will be even more dependent on their own management abilities.

Continue reading “Gardena In Crisis”

The 1 million square foot air freight development in Hawthorne is being delayed, in part, by a threatened lawsuit from neighboring city of Gardena. Interestingly, the city of Hawthorne voted to exclude this one major development from its own moratorium of anti-trucking development.
Continue reading “Politics Of Trucking”