San Fernando Valley Commerical Real Estate Brokerage Firms 2010 Ranking - Top of List Ranks Lee & Associates LA North/Ventura, Inc.

The San Fernando Valley Business Journal rankes top Real Estate Brokerage Firms for 2010. Lee & Associates - LA North/Ventura, Inc. rises in the rankings to the #2 spot in Total Value of Deals and ranks #1 in Value of Sales in 2010. Our offices are located in Sherman Oaks, Calabasas and Oxnard.

San Fernando Valley Lee & Associates - LA North/Ventura News

Here we are on Bisnow.

http://www.bisnow.com/

San Fernando Valley Enterprise Zone Expansion

The City of Los Angeles has expanded the Enterprise Zone to now include Chatsworth, Canoga Park, Van Nuys Airport Area, Woodland Hills and the Northeast Valley.  Some of the incentives below:

• Employment tax credits of $37,400 per employee hired, spread over five years;


• 35 percent utility rate reductions over five years from the Department of Water and Power;


• Sales and use tax income credits for purchases of machinery and equipment;


• Lender interest deduction for loans made to Enterprise Zone businesses; and


• Priority bid preferences for Enterprise Zone businesses bidding on state procurement contracts.

The Enterprise Zone sounds interesting, but will it be effective in stimulating the growth and development of new and existing business in the San Fernando Valley? 

From the surface the benefits seem apparent in the manufacturing and distribution sector. And this benefit isn't just for a tenant, but as a landlord you reap the benefits of less stringent city ordinances and flexibility to allow for a few more types of uses. And in conjunction to the other city monies floating around for real estate owners, if you can find it "CRA", you might just be in luck.

So this enterprise zone solution is going to stimulate the economy, right? You have a great business plan. As a new business in the enterprise zone, you get 100% tax credits for the purchase of new equipment and machinery to get your business going.  You can hire someone that qualifies under any one of the 13 different categories (saves you up to $13,440 over a 5-year span), like the recently laid-off and don't forget those living in the work opportunity tax credit area which saves you and additional $2,400 per year. You have reduced parking requirements, city fee waivers, and DWP rate discounts that all put money back in you pockets, right.  It does seem promising.

So the question is, where can a new business get a LOAN? Um! Are we still at the mercy of the banks and politicians that help nurture the lending incentives? Until the key to lending is turned on, it's going to be a slow process to get things jump started. 

SEZ Zone Expansion Info Package

San Fernando Valley Office & Industrial 3rd Quarter 2010 Market Analysis

Leasing Velocity Remains Steady, But Absorption Weakens

Q3 2010-LAN Office 10-10

Leasing Volume and Sales Prices Rise, Improving Absorption Rates

Q3 2010-LA Industrial 10-10

San Fernando Valley Office & Industrial 2nd Quarter 2010 Market Analysis

Leasing Activity Jumps; Pushes Absorption Into Positive Territory

Q2 2010-LAN Office 7-10

Leasing Momentum Continues and Sales Activity Increases

Q2 2010-LAN Industrial 7-10

Eric Nishimoto

Eric K. Nishimoto, an associate at Lee & Associates-LA North/Ventura Inc., a full-service commercial real estate company and member of the Lee & Associates group of companies, specializes in investment brokerage throughout the Los Angeles area with a focus in the San Fernando and Conejo valleys. A seasoned sales and marketing professional, Mr. Nishimoto’s real estate expertise includes the pricing, underwriting, leasing and sales of retail, industrial and office properties as well as the development of long-term investment strategies for his clients.