While this L.A. Times Article focuses on commercial real estate, residential brokers are also feeling a new wave of wealth-seeking investment properties in the form of development opportunities and income-producing properties. In the foreign/global demographic, Eastern European buyers are snatching up large holdings likely due to current political and economic uncertainty. Domestically, many buyers from New York have come to call Los Angeles (second) home and/or have purchased a slew of residential properties for the aforementioned purposes. The latest market research shows the activity and continued growth in both commercial and residential markets of L.A. and is a very positive sign for the future of our market. It’s also a great excuse to buy a beach house in Malibu or a summer house in Beverly Hills. After all, who doesn’t want a return on their investment + 90-degree November weather?