The Roman Report
June 2022
Monthly Update
As everyone is well aware, the Federal Reserve has delivered the biggest interest rate hike in decades to combat surging inflation in order to regain control on consumer pricing. As a result, mortgage rates have risen in anticipation of these changes, which obviously directly impacts our industry. Although the economy is strained and has undergone a lot of change in the past few months, Los Angeles and Southern California will continue to remain a prime destination for the real estate industry. Property owners will continue to buy and sell and rents will continue to rise as more people flood the market looking for somewhere to live.
Our Properties
Our asset on Vermont Ave is moving along as planned and the building is really starting to take shape. We will have another 5 units completed by our GC by the end of the month. We have also put in storage units that we will charge tenants to use and will increase revenue. We also added a gym in what was a storage closet that adds to the list of amenities that Roman Group is bringing to the building.
Noteworthy News
When Baking and Real Estate Collide
Tartine, a beloved San Francisco bakery, wanted to grow. Partnering with a developer was one way to rise.
In the Silicon Valley of the early twenty-tens, startups followed a new business rule: grow or die. But how much was it possible for an artisanal bakery to grow?
Why is Rams owner Stan Kroenke buying so much of Woodland Hills?
Rams owner Stan Kroenke has acquired a high-rise office building in Woodland Hills near a former shopping center he bought a few months ago, strongly signaling that the billionaire businessman wants to build a second sports-centric development like that around SoFi Stadium.
