The following is Los Angeles area commercial construction news for October 2019 It is for informational purposes only H.W. Holmes, Inc. is NOT AFFILIATED with any of these projects WORK TO FINALLY BEGIN ON WEST EDGE - FORMERLY MARTIN EXPO TOWN CENTER After many delays, work is set to begin in November on [...]
Tenant improvement allowances (TI allowances) are a significant expense for landlords. Customizing even a smaller space can often cost a landlord up to six figures. As with anything carrying that kind of price tag, a lot gets said about the true value or worthiness of tenant improvements. Some of what gets said simply isn't true. [...]
Disclaimer: This is a monthly summary of Los Angeles commercial construction news curated by H.W. Holmes, Inc. We will cover recent commercial construction projects and news pertaining to Los Angeles, Ventura, and Santa Barbara counties. We have no association with any of these developments unless specifically stated. CONSTRUCTION BEGINS FOR MIXED USE CULVER CITY DEVELOPMENT [...]
If you're leasing any space, a commercial build out might be necessary to tailor it to your specific needs. A tenant going through this experience for the first time will naturally be overwhelmed. Unfortunately, this also makes them vulnerable to mistakes. Mistakes that can be costly and detrimental to the health of their business. Here [...]
Disclaimer: H.W. Holmes, Inc. curates this monthly summary of Los Angeles commercial construction news covering Los Angeles, Ventura, and Santa Barbara counties. We have no association with any of these developments unless specifically stated. CULVER CITY BECOMING DESTINATION FOR NEW OFFICE BUILDINGS Los Angeles County's Culver City is attracting quite a few new offices and [...]
The repurposing of the old Capitol Milling Company buildings in L.A.'s Chinatown has many people asking about adaptive reuse in Los Angeles commercial development. The pending transformation of a former mill site to the home of creative offices and trendy retail shops and restaurants is exciting but not anything new. Similar projects are happening throughout [...]
Disclaimer: H.W. Holmes, Inc. curates this monthly summary of commercial construction and development news in and around Los Angeles, Ventura, and Santa Barbara, CA. We have no association with any of these developments unless specifically stated. Sunset Strip House of Blues Demolished After 21 years of business, the Sunset Strip's House of Blues hosted its [...]
A landlord's tenant improvement allowance is intended to incentivize a prospective tenant. But how much TI allowance a tenant is offered varies based on several factors. Here are a few things assessed prior to a landlord's TI allowance offer. Tenant's Credit Strength Any experienced landlord will carefully consider a tenant's credit strength. Landlords will often [...]
Los Angeles-area restaurant operators and retailers considering remodeling to attract customers and stay competitive have an unexpected ally. The government. More specifically, the Internal Revenue Service or IRS for short. This is due to the finalization the IRS issued Rev. Proc. 2015-56 - better known as the Remodel Safe Harbor Rule - which offers certain [...]
Whether you're a real estate developer, architect, or a property owner renovating a space, finding the right commercial construction company for your project is critical. Commercial construction projects can be massive endeavors. There is often a time crunch and strict budget constraints. The worksite itself is hectic. Hardworking individuals moving different parts towards one common [...]
