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The Tower Burbank is a commercial high-rise building in Burbank, California. At 460 feet, [3] it is the tallest building in the city and is the 80th tallest building in California. The Tower can be seen from the Ventura Freeway. In 2014, the building was purchased by Worthe Real Estate Group for $109,000,000. [4]
Lots and land were rarely sold for cash but on contract with "one-third or one-fourth down, balance in semi-annual payments, was a common method. Another method was a small payment down, balance in small monthly payments." [5] There was more than case of outright fraud, as well as a great deal of promises unkept for one reason or another: [3]
In commercial real estate, a tenant inducement (TI) is some sort of consideration given by a landlord in order to attract a new tenant or have an existing one renew their lease. Depending on the contents, the concept may be known as a concession or rent abatement, instead of inducement. There are several different forms of inducements.
A real estate transaction is the process whereby rights in a unit of property (or designated real estate) are transferred between two or more parties, e.g., in the case of conveyance, one party being the seller(s) and the other being the buyer(s). It can often be quite complicated due to the complexity of the property rights being transferred ...
Commercial real estate has beaten the stock market for 25 years — but only the super rich could buy in. Here's how even ordinary investors can become the landlord of Walmart, Whole Foods or Kroger
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Columbia Pictures, with limited space at its Hollywood headquarters at Sunset and Gower, had been forced to rent neighboring movie studios' backlots for outdoor shooting. . By the end of 1934, this problem was solved when studio head Harry Cohn acquired a 40-acre (160,000 m 2) lot in Burbank at the corner of Hollywood Way and Oak Street, on what is said to have been the Burbank Motion Pictures ...
Douglas Lee, a real estate agent with Compass, told the Los Angeles Times that the home is an opportunity to "land bank," or defer using the property for long time.
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related to: buying with tenant in situ method real estate group burbank ca photos