Newmark's Kevin Shannon, Marcus & Millichap's Jordan Asheghian and Tony Azzi, Stepp Commercial's Travis Traweek and Waterford's John Drachman (Newmark, Marcus & Millichap, Stepp Commercial, Waterford Property Company) Thinking about selling a commercial property?Do it now.That's the advice brokers are giving to their clients across the board, after the city of Los Angeles passed a new transfer tax that would apply to all commercial and residential properties that sell for more than $10 million.
#years #los-angeles #frustration #dramatically #transactions #affordable-housing #interest-rates #acquisitions #eviction-moratorium
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