By Marc Gittleman
At Rising, we are always monitoring market trends and cultural shifts in the workplace. By having our finger on the pulse, we’re able to understand, predict, and ultimately exceed the needs of our tenants. That said, we know that millennials are the largest workforce this country has ever seen, and they are continuously redefining modern work culture as we know it. While it may sound trite, the modern workforce has different priorities than previous generations.
On Tuesday, April 3, 2018, The CalEdison was awarded with a Downtowners of Distinction award for its restoration. We are honored and extremely proud of our team's hard work and dedication!
By Dennis Kaiser | Connect Media
Connect Real Estate Los Angeles featured a jam-packed afternoon of conversations, networking and presentations. More than 500 gathered at the Hotel Indigo in DTLA and heard from commercial real estate leaders and economists about the trends driving decisions in Los Angeles.
Dennis Kaiser of Connect Media asked Rising to share a few insights on the Los Angeles market in our latest 3 CRE Q&A.
By Chris Rising
In December, Congress passed the most comprehensive change in the tax code since 1986. While we do not yet know for sure how those changes will affect commercial real estate, the general consensus here at Rising is that the overall impact will be positive. We may see corporations utilize the extra cash from their tax cuts for built-to-suit developments or new headquarters, or grow their employee base and expand their leased space. This means there could be slightly more demand from the tenant side in both the capital and leasing markets.
By Matt Pressberg | The Information
Last fall, CBS put its Television City compound in West Los Angeles on the market, saying that it was worth a lot of money that could be “used better elsewhere.” Other film and TV companies that own vast studio lots in the same area, such as 21st Century Fox, Viacom and Sony, should follow suit.
We're excited to announce the launch of The Real Market, a podcast hosted by Christopher Rising offering insights on the hottest issues driving commercial real estate today.
by Steven Sharp | Urbanize LA
Rising Realty Partners has unveiled three-dimensional renderings of the Trust Building, an office restoration project now underway on Spring Street. Built in 1928, the 11-story, 320,000-square-foot building is located at 433 S. Spring Street. The historic structure, previously slated for adaptive reuse as condominiums, is instead being retrofitted as creative office space with ground-floor commercial space.
By Kelsi Maree Borland | GlobeSt.com
Property management firms are proving to have an important impact on driving value and the success of an asset. One example of the growing importance of property managers is Catalina Landing. Colony Northstar purchased the struggling 280,00-square-foot office property in August 2015, and hired Rising Realty Partners to develop and execute a strategy to turn the property around.
The CalEdison Building at 601 W. 5th St. in downtown Los Angeles recently signed three new tenants: Digital advertising company TubeScience; furniture dealership Systems Source; and market researcher H&M Innovation Labs, according to a statement by building owner Rising Realty Partners.
For roughly three million people, the ultimate personal and team challenge is a Tough Mudder race. These races are obstacle courses between 10 to 12 miles long and the obstacles play on human fears like fire, water, electricity and heights. According to the Tough Mudder organization, the main principle revolves around teamwork. In talking with our team throughout the last year, I have come to believe that there are a lot of parallels between running a Tough Mudder race and the year we experienced. In the end, we completed the year in a strong position, we worked well together and had some real wins. However, it was not without its fears, its slow pace and its unknowns.
Rising Realty Partners, the property investment platform, is set to expand its West 7 Data Center driven by demand for cloud-based IT services and high-speed content delivery in Southern California.