The way ahead in Los Angeles requires denser development that would ease the supply issues that make housing unaffordable for so many LA residents, according to UCLA Anderson Forecast economist William Yu. Peter Strauss of Iconic Investments chatted with William about his expectations for the coming year. Peter gave Bisnow an exclusive look.
Iconic Investments attended the UCLA Anderson Forecast presentation on December 6, 2016. The main theme of the 2017 forecast was “Trumponomics” - how Donald Trump's fiscal policy will affect the US economy, and the elements of his plan. Post-Election, the financial markets have seen an immediate and sharp rise in the stock indices,
Iconic Investments’ Peter Strauss sold Habitat, a 23-unit apartment building at 3333 San Marino St. in Koreatown, for $5.35 million. The sale price equates to $232,608 per unit and $358 per square foot with a pro-forma cap rate of 5.25 percent post renovations. The buyer has the ability to renovate and remodel the entire building
