Jim Butler, Seth Weissman and Ben Reznik’s article, “Opportunities Moving from Distressed Properties to More Normalized Real Estate,” was published in the Summer 2013 issue of the Real Estate Finance Journal. The article discusses the results of JMBM’s 2013 Real Estate Survey.
Subdivide and Conquer OP-ED: Benedict Canyon residents hope to hold up proposed estate home by misusing L.A. city code on single lots Benjamin M. Reznik January 16, 2012 © Los Angeles Business Journal. Reprinted with permission. Click here to see the LABJ column. What a way to start off the year. As if things were […]
JMBM Development Rights Newsletter Spring 2011 Eldercare Housing Crisis Looming To view this article as a pdf, click here. We are getting older and living longer. The statistics for the growth of the elderly are compelling. In the past few years we have seen several types of new private eldercare facilities, such as independent living […]
JMBM Development Rights Newsletter Fall 2010 Area Planning Commissions Need Help In the City of Los Angeles we have seven Area Planning Commissions (known as “APCs”), each consisting of five volunteer members appointed by the Mayor and covering a distinct geographical part of the city. These APC commissioners need not and, in fact, do not […]
Affordable Housing Mandates Must Comply with State Law Two recent court decisions have materially changed the affordable housing game as it’s been played by local governments throughout California. In Palmer/Sixth Street Properties, L.P. et al. v. City of Los Angeles (a case in which JMBM represented the developer at all the administrative hearings), the California […]
JMBM 2010 Real Estate & Land Use Survey Caution remains the watchword even as bearish sentiment declines JMBM’s 2010 California Real Estate & Land Use Survey gathered data from 98 executives, 49 percent of whom identified themselves as developers and 49 percent as capital providers. Respondents indicating they were “bearish’ about the market declined from […]
Building on Incentives In a column published in the Los Angeles Business Journal on May 24, 2010, JMBM Government and Land Use partner, Benjamin M. Reznik, argues that local government should be looking to state statutes — not mandates — to spur the creation of affordable housing. Click here to read the article.
Ben Reznik’s article, "California Can’t Afford to Let Cities Slide on Housing", was published by the Los Angeles Business Journal. The article discusses SB 1818, and the ongoing issues involving cities and the development of affordable housing.
In adopting SB1818, the State Legislature thought it had figured out a way to force local jurisdictions to comply with the state mandate of providing more affordable housing long codified in Government Code Section 65915. Despite the fact that this law has been on the books for many years allowing the building of bonus market […]
Developers and investors remain cautious, prepare for the future JMBM’s 2009 California Real Estate & Land Use Survey confirms that real estate developers and investors remain unconvinced that the end of the real estate downturn is imminent. 69% of those surveyed indicated they were cautious, while 22% were bearish about the real estate market. Still, […]