Torosis talks local rent control

first_imgHomeNewsCity CouncilTorosis talks local rent control Oct. 25, 2016 at 1:30 pmCity CouncilTorosis talks local rent controlGuest Author5 years agocaroline torosiscity councilelectionrent controlSanta Monica City Councilsanta monica daily presssanta monica electiontorosis Meet the Candidates of this years Election“I think there is a lot that could be done at the local level, we really need to ensure that we are maintaining and returning local control to Santa Monica to make decisions about when units can be removed from the rental market.” – Caroline TorosisEveryday this week from Oct. 24 –Oct. 28 the Santa Monica Daily Press will post a video of candidates that came forward to express their ideas regarding Santa Monica. Every candidate has a different question. The video will range from 2-4 minutes. Meet the candidates of this year’s election. Don’t forget voting is Nov.8.Tags :caroline torosiscity councilelectionrent controlSanta Monica City Councilsanta monica daily presssanta monica electiontorosisshare on Facebookshare on Twitteradd a commentSion Roy talks Santa Monica students, and facultyFoster talks landlords and rent controlYou Might Also LikeFeaturedNewsCity opens application process to fill McKeown’s vacant council seatClara Harter6 days agoFeaturedNewsCity and Coalition settle legal battleBrennon Dixson3 weeks agoFeaturedNewsCity leaders talk riots, report and moreBrennon Dixson4 weeks agoFeaturedNewsCouncil readies for Tuesday meetingBrennon Dixson1 month agoCity CouncilFeaturedNewsSanta Monica releases riot reportBrennon Dixson1 month agoCity CouncilFeaturedNewsCouncil appoints new public safety commissionersBrennon Dixson1 month agolast_img read more

Madison Avenue retail buildings sell for record low price

first_imgShare via Shortlink Right to left: 831, 835 and 837 Madison Avenue (Google Maps)Three retail buildings on Madison Avenue have sold for a combined $45 million, a price that represents a new low for the posh shopping district.The luxury retailer Akris will buy three properties at 831, 835 and 837 Madison Avenue between East 69th and 70th Streets for $45 million, according to the Wall Street Journal. The deal includes three ground-floor retail spaces, along with 15 residential units.The deal came out to $1,340 per square foot, a significant decline from 2014; at that point, retail properties on Madison Avenue were selling for about $7,589 per square foot, according to the Journal. It’s the lowest deal recorded on that street in a decade, according to Cushman & Wakefield.Demand for high-end retail has dropped off significantly since the onset of the pandemic. A number of luxury shoppers pivoted to ordering online, and, as a result, some retailers are closing down their high-rent stores in Manhattan.In Soho, a roughly 6,000-square-foot retail space at 106 Spring Street, which has sat largely empty for years, is heading to foreclosure.And on Fifth Avenue, luxury fashion company Valentino SpA is suing its landlord to get out of its lease, according to the Journal.[WSJ]  — Keith Larsen Share on FacebookShare on TwitterShare on LinkedinShare via Email Share via Shortlinkcenter_img TagsInvestment SalesManhattanRetaillast_img read more