The multifamily housing sector is transitioning into a more landlord-friendly environment, with projections indicating an uptick in rental prices. This shift is attributed to a combination of dwindling new construction and sustained high homeownership costs, which are expected to drive rents higher later this year. In recent years, a surge in apartment construction led to…
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The Beverly Hills medical office market has experienced significant activity recently, reflecting both investment interest and evolving healthcare dynamics. In October 2021, a partnership between Meridian and an unnamed institutional investor acquired the Beverly Hills Medical Plaza for $81.5 million. This 67,510-square-foot facility, located at 150 North Robertson Boulevard, was 88% leased at the time…
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In recent years, Beverly Hills has witnessed a significant shift in medical aesthetics, with a growing preference for natural and subtle enhancements over the previously popular exaggerated features. This trend reflects a broader societal move towards authenticity and well-being. Patients are increasingly opting for procedures that offer balanced and harmonious results. For instance, there’s a…
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Rodeo Drive in Beverly Hills, renowned for its luxury shopping, continues to demonstrate resilience despite global economic fluctuations. In 2024, the average annual retail rent on Rodeo Drive increased by 19% year-over-year, reaching $1,100 per square foot. This growth positions it as the second-highest rental rate in the United States, following New York’s Fifth Avenue.…
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