Senate Approved Statewide Rent Control – Heading For State Assembly Approval AB 1482 – Statewide Rent Control AB 1482 must pass the final test of going through the State Assembly before it heads to Gavin Newsom’s desk for final approval. The bill was already passed by the Assembly in May at 7% plus inflation, but […]
Senior Associate, Nico Rosmarin Lyon Stahl Senior Associate, Nico Rosmarin, was featured in BisNow’s article on the newly proposed Clippers stadium in Inglewood. In the piece, reporter Joseph Pimentel talks about the proposed stadium gentrifying the city of Inglewood, along with the NFL stadium, two new rail lines, and other “megaprojects.” A place once known […]
With Assembly Bill 1482 threatening to impose statewide rent control in California, cities throughout the state have been considering establishing rent caps independent from the statewide bill. Culver City is the latest city to evaluate the plausibility of introducing rent control. On Monday, June 24th, the Culver City City Council had a public meeting […]
On Wednesday 5/29/19 the California State Assembly narrowly passed Assembly Bill 1482 by a 43-28 vote. The bill prohibits landowners statewide from increasing rents greater than 7% plus inflation, which averages out to 2.5% in California. The proposal is now set to advance to the Senate. The statewide rent cap proposal was initially […]
Lyon Stahl Ranks as One of Nation’s Top-Producing Brokerage Firms in RISMedia’s 2019 Power Broker Report Lyon Stahl, headquartered in El Segundo, CA, recently announced its ranking as the No.802 real estate firm in the U.S. in sales volume, according to RISMedia’s 31st Annual Power Broker Report. Lyon Stahl reported a total sales volume […]
The Los Angeles County Board of Supervisors voted 4 to 1 on Tuesday to prolong a temporary six-month rent control ordinance for unincorporated areas until the end of the year. This means that in the affected areas, rent increases will be capped at 3% annually in apartment buildings built prior to 1995 and […]
What is a Reverse 1031 Exchange? A reverse 1031 exchange is a type of property exchange as well as a tax strategy used to defer capital gains taxes when an investor sells his or her commercial property. A reverse 1031 exchange improves the position of the investment, enabling investors to take advantage of […]
There are a variety of multi-family properties that range from smaller two to four unit properties or larger properties with five units or more. Whatever the type of property investors choose to invest in, the benefits of investing in multi-family real estate are abundant. Multi-family properties with up to four units are considered residential […]
Deferring taxes through a 1031 Exchange If you’re considering selling your investment property you need to make sure to understand all of your options, such as a 1031 exchange. When investors sell their properties they end up hooked on paying capital gains tax. If it’s a bad investment there is a chance that […]
Mayor James Butts of Inglewood proposed an initiative to adopt an emergency ordinance that imposed a temporary ban on certain rent increases in Inglewood. In the proposal, the mayor’s office recommended to the City Council that they impose a 45-day moratorium, with the possibility to prolong the halt for an additional year. The […]