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GlobeSt.com: "School Sites Could Provide Ample Space for Affordable Housing"

" Mr. Habibi, who is also a builder, landlord and developer, remains optimistic about the overall market. 'There have been fewer sales, but the deals are happening at a higher price point,' he said. "In Los Angeles, 38% of homes now sell above asking price, according to a recent report......

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GlobeSt.com: "School Sites Could Provide Ample Space for Affordable Housing"

" 'Venture capital will no longer fund these continuous losses any more. They will stop funding these companies until they see a path to profitability,' David Shulman, senior economist for the Ziman Center and UCLA Anderson Forecast, tells GlobeSt.com. 'Tech firms will have to go for profitabil...

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GlobeSt.com: "School Sites Could Provide Ample Space for Affordable Housing"

" 'A lot of worries from September have gone away. There seems to be a temporary truce in trade; the new NAFTA, the USMCA, is passing; housing starts are better; and the stock market broke out, and there is a wealth effect coming from that that will help the consumer,'......

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GlobeSt.com: "School Sites Could Provide Ample Space for Affordable Housing"

"Paul Habibi, a finance and real estate professor at UCLA, said there appears to be a greater willingness for the ultra-wealthy to buy acres of land in fairly urban areas of Bel Air and Beverly Hills. " 'It is encouraging to sellers when a new high-water mark is set,' Habibi......

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GlobeSt.com: "School Sites Could Provide Ample Space for Affordable Housing"

"Paul Habibi, a professor at the University of California at Los Angeles’s Ziman Center for Real Estate, said there is a shortage of 500,000 affordable units in Los Angeles, which TODs can help address. " 'There’s a widespread belief that the affordability problem needs to be solved fr...

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GlobeSt.com: "School Sites Could Provide Ample Space for Affordable Housing"

" 'It is not unusual to start seeing a glut of supply in any property type, mansions included, this late in an expansion cycle,” UCLA real estate professor Paul Habibi said. 'Oftentimes [developers] have a herd mentality about introducing more inventory into the market.' " " 'The co...

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GlobeSt.com: "School Sites Could Provide Ample Space for Affordable Housing"

Eric Sussman Adjunct professor of accounting and real estate, UCLA; Founding partner, Clear Capital LLC; Los Angeles Will the attitude of landlords and the office market toward WeWork change after everything we’ve learned? No question. I have no doubt that WeWork’s reputation will absolutely tan...

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GlobeSt.com: "School Sites Could Provide Ample Space for Affordable Housing"

"Hudson Pacific’s properties fall under two categories: office buildings and studio spaces. "Tim Kawahara, executive director at the UCLA Ziman Center for Real Estate, called the group’s projects 'extraordinarily high profile.' Hudson Pacific Chairman and Chief Executive Victor Coleman...

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GlobeSt.com: "School Sites Could Provide Ample Space for Affordable Housing"

As far as price points that are doing well within the luxury market, the “$2 million to $5 million range is doing pretty well, with $5 million to $10 million not doing as well,” said UCLA Ziman Center for Real Estate professor and developer Paul Habibi. “North of $10 million......

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GlobeSt.com: "School Sites Could Provide Ample Space for Affordable Housing"

"A new report from The UCLA Ziman Center for Real Estate looks at how these sites could provide space for affordable housing development, particularly for teachers and students, demographic groups that are often the most susceptible to rent increases. " 'We have to address the affordable h...

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