REBusiness Online announced the news regarding CGI+ Real Estate Investment Strategies’, in partnership with Megdal Investments, acquisition of the third and final piece of a 1.7-acre land assembly at the southwest corner of Franklin and Western avenues in Los Angeles’ Los Feliz neighborhood. To read more about the piece, visit here.
Paul Fiorilla, Research Director, Yardi Matrix Multifamily rents came roaring back this spring, and while it’s too soon to say everything is normal again, a strong rebound appears to be on the way. U.S. multifamily rents increased by $10 to $1,417 in April, the largest one-month increase in six years, according to Yardi Matrix. After […]
While April’s job gains of 266,000 as reported by the Labor Department were below expectations, there is still potential for a strong economic recovery this year. The big driver behind the recovery should be pent-up demand. In a late February report, financial services firm Morningstar said many consumers were eager to spend, but their options […]
Forrest Richardson is a noted golf course architect and author of five books on golf course architecture. He recently spoke to CGI+ on the importance of vision in the design of a project. Whether it’s designing a golf course, commercial project, or multifamily development, the most important element is vision and understanding the x-, y- […]
Coming out of the COVID-19 lockdown, many apartment owners are keeping two words in mind: resident experience. Throughout the pandemic, residents and potential residents became accustomed to a new level of service, whether it was virtual tours, being able to go into an app to book someone to walk their dog or even simply being […]
The return to the office accelerated in April. Over the month, office occupancy rose from 24% to 26.5%, according to the Back to Work Barometer from Kastle Systems. By comparison, occupancy was 22.9% in mid-January. In the survey, Kastle, a managed security system provider, culls data from 2,600 buildings and 41,000 businesses across 47 states […]
Multi-Housing News recently announced the $41.5 million loan for our 122-unit Mariposa on 3rd in Los Angeles. The floating-rate financing has an initial three-year term and the possibility to extend the maturity date with two more years. To read more about the announcement, please visit here
We are thrilled to present the beautiful transformation of Mariposa on 3rd’s façade into a living work of art, advertising and retail in collaboration with StandardVision. “3rd Street Crossing represents the ways in which technology platforms can enhance our communities through accessible public art programming and innovative retail activation while also supporting and elevating brick […]
L’Officiel recently unveiled their new stunning cover featuring Oscar nominated Andra Day. The nine shot feature and cover, includes stunning photographs taken throughout Villa Carlotta, by Alexi Lubomirski. To see the stunning images and read the beautiful story, please visit here.
Multi-Housing News recently worked on a piece regarding President Biden’s wide-ranging proposals and their potential impact on the industry. The piece included commentary from Andre Soroudi, Director of Acquisitions/Development of CGI+. Regarding Biden’s earlier proposal to take away the 1031 exchange, Andre says, “Transaction volume would drop. It would really alter the industry. “We work […]