Mark your calendar and remember these predictions for 2017.
Los Angeles industrial real estate will reach and top $400 per square foot. The confluence of cheap loans, massive demand, alternative uses, low vacancy and foreign money creates the perfect storm for an increase in values. Many off market opportunities exist and there are many well located warehouses in the Los Angeles market.
I'm not a big stock market guy. I have some friends that watch it close and I get a tip now and then. I'm buying North Star Realty Finance Corp. (NRF), a real estate R.E.I.T. that will merge this month with Colony Capital, Inc., at $15 per share. Another R.E.I.T. I also bought was Max Sound Corp (MAXD) O.T.C. at $0.01 per share. This is a total penny stock that has patent technology with a lawsuit against Google (and a total gamble by me).
Disclaimer: This blog is presented to the public. The blog and all information provided is for entertainment only, and are not specific recommendations for any person, entity to purchase, or invest without consulting their own experts and performing their own independent due diligence. Major Properties, Bradley A. Luster and affiliates assume no liability for any gains or losses of the purchase or sell and for any recommendations made by this blog.