Michael Zugsmith, Chairman
“Attractive Investments in the Current Real Estate Market”
By David Gribin – Gribin, Kapadia & Associates
Click below to explore Gribin’s insightful look into the current market perspective.
By Mike Zugsmith, Chairman
Those of us with a bit of “snow on the dome” (or any snow for that matter) lived and worked through the “stagflation” of the Carter years, the market crash of 1987, the dot-com bust, 9/11 and now the Great recession. I remember asking my Mom (who was young and married during the Great Depression) how they coped with the pressure and stress of the times. Her response was illuminating, no more so than in today’s toxic political environment. More >
A response to Mayor Villaraigosa’s call for Prop 13 reform…
By Mike Zugsmith, Chairman, NAI Capital
I don’t know if Mayor Antonio Villaraigosa is a chess player, but to the extent he is promoting split roll taxation (taking away Proposition 13 protection from commercial properties) he is clearly not thinking ahead. I’m always surprised (well, not really) when politicians somehow think commercial property owners have hidden bags filled with cash under their desks. Recognizing that assumption is erroneous, let’s play a little chess with the mayor. More >
Today is the fifth anniversary of the passing of David Powell, for whom the NAI Capital Rookie of the Year Award is named. David came to NAI Capital as an experienced broker and eventually became the manager of our Pasadena office, building it into the success it is today. But he was so much more. More >
by Mike Zugsmith, Chairman
Recently I read an article that was discussing the dog days of summer. It made me think about a meeting I recently attended with a client who asked, “Where have all the brokers gone?” In answer to that, let me share with you a little about the discussions I recently conducted with NAI Capital’s various offices about my perception of the current marketplace – that now is our time. More >
By Michael Zugsmith, Chairman
Recently I had the opportunity to participate in a presentation made by two of NAI Capital’s industrial brokers to a major industrial developer and owner. The meeting went very well and we received the listing (taking it away from CBRE). The most compelling part of the presentation was a promise by our brokers to attend each showing and to be present. More >
|Increase in Business Points to Improving Regional Economy|
|ENCINO, CA – NAI Capital, a leading Southern California commercial real estate brokerage headquartered in Encino, is pleased to report a significant increase in the firm’s business since 2009, indicating that the regional economy is improving. Gross commissions for the privately held company as of October 31, 2010 show a year-to-date increase by 20.11% compared to 2009.|
|“I believe this is indicative of the improving regional economy,” said NAI Capital Chairman, Mike Zugsmith. “Of our 14 regional offices, 11 of them were up in their numbers and based on November’s already received income, 12 of our offices will be up by the end of the month. As the regional economy continues to improve, it is not unreasonable to expect NAI Capital to be up 25% by the end of 2011.”
|Even amidst the worst recession since the Great Depression, NAI Capital has continued to recruit brokers, many from other firms that shuttered during the storm. Over the past three years NAI Capital has hired and retained 88 new brokers. “Throughout the recession, NAI Capital has prevailed as a “safe choice” for clients and also for brokers looking for a new home,” noted Zugsmith. “NAI Capital has become a regional powerhouse, even in the toughest of times and we look forward to continuing our growth in 2011.”|
|About NAI Capital
NAI Capital is a leading Southern California commercial real estate firm headquartered in Encino, California. With 14 offices throughout Los Angeles, Orange, Riverside, San Bernardino and Ventura Counties, NAI Capital is the Southern California affiliate of NAI Global, a worldwide real estate service network with 325 offices spanning the globe. Since 1979, NAI Capital clients have built their businesses on the power of our expanding network. Our extensive services include: multi-site acquisitions and dispositions, sublease, tenant representation, lease administration and audit, investment services, due diligence and related consulting and advisory services. To learn more, visit www.naicapital.com.
# # #
The 2010 edition of the Kosmont-Rose Institute Cost of Doing Business Survey was released this week, presenting findings from research by the Rose Institute of State and Local Government at Claremont McKenna College. The annual report, developed by the Rose Institute in collaboration with the Kosmont Companies, provides tax information about costs required to operate a business in 413 selected cities across the United States.
By using a proprietary approach to compare state and local government fees, the Survey provides objective comparative data to businesses that are considering a move or expansion through a review of fees, taxes, and economic incentives and programs that business would encounter in each city. Cities are ranked into one of five “Cost Rating” groups, ranging from Very Low Cost to Very High Cost. Then, the most expensive and least expensive cities are listed both nationally, within California and within Los Angeles County.
The ten most expensive U.S. cities for business in 2010 (in alphabetical order) are: Akron, Ohio; Chicago, Ill.; Columbus, Ga.; Jersey City, N.J.; New York, N.Y.; Newark, N.J.; Philadelphia, Pa.; Phoenix, Ariz.; Portland, Ore.; and San Francisco, Calif. These cities represent some of the highest property and business taxes in the country.