Archives for Matthews REIS / Page 114

West Hollywood is surrounded by some of Los Angeles’ premier employment hubs. This affluent city is primarily residential but provides residents with a dense urban feel. Santa Monica Boulevard runs through the submarket, boasting a range of bars, restaurants, coffee shops, and parks. Many young professionals reside in West Hollywood as it provides a live/work/play […]

Arizona has passed a new tax reform that benefits every resident, from Veterans to hardworking individuals and even small businesses. After seeing record revenue growth, the state received $2 billion more in tax than last year. As such, the Arizona government has prioritized its taxpayers, who will receive the state’s record revenues, reducing every Arizonian’s […]

Governor Gavin Newson and legislative leaders of both the Senate and the Assembly have announced an extension of California’s statewide eviction moratorium until September 30th, 2021, and increasing compensation for California’s rent relief program to pay landlords 100% of unpaid rent. The eviction bill was passed on a 34-0 bipartisan vote in the state Senate […]

On June 24th, 2021 the Biden Administration announced a one-month extension of the CDC’s federal eviction moratorium through July 31st, 2021, originally scheduled to expire on June 30th, 2021. This extension was signed by CDC Director Dr. Rochelle Walensky, further preventing the eviction of tenants who are unable to make rental payments. More importantly, this […]

  As the second half of 2021 approaches, the CRE market gains further traction as the economy stabilizes and investors gain more clarity. Compared to previous recoveries, inflation is running hot. According to CoStar, headline inflation in May was up 0.6% over April, higher than expectations and boosting the year-over-year rate to 5%, the fastest […]

  Entering 2020 as one of the strongest retail markets in the country, Nashville benefits from years of population and economic growth. While fundamentals softened in 2020, the outlook for Nashville remains favorable. The absence of large move-outs has kept the market’s positive net absorption, despite the slowed leasing activity. In the last 12 months, […]

  South Los Angeles, formerly known as South Central Los Angeles, is located just south of Downtown Los Angeles and lies within most of the Los Angeles city limits. The Los Angeles Times maps South Los Angeles as a 51 square mile area, consisting of 25 neighborhoods within the City of Los Angeles as well […]

  The American Families Plan is the second part of President Joe Biden’s 10-year initiative, the counterpart to a $2.3 trillion infrastructure and jobs package, dubbed the American Jobs Plan. It is a $1.8 trillion economic proposal to support childcare, education, family leave, among other initiatives. It will be paid for by tax hikes on […]

How has the Nashville market faired in light of COVID-19? The Nashville market, like most, felt the adverse effects of COVID-19. The area most affected was hospitality, as tourism is an integral part of Nashville’s economy. The office sector was also drastically impacted by COVID-19, along with Nashville’s retail, particularly for privately owned businesses that […]