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The Real Estate Commissioner is appointed by the Governor, and serves as the chief executive of the Department of Real Estate. [4] Chika Sunquist was appointed Commissioner of the California Department of Real Estate (DRE) by Governor Gavin Newsom on November 28, 2023, and she assumed office on January 3, 2024. [5]
A Certified Commercial Investment Member (CCIM) is a recognized expert in the disciplines of commercial and investment real estate. The designation is awarded by the CCIM Institute, formerly known as Commercial Investment Real Estate Institute (CIREI) of the National Association of Realtors . [ 1 ]
False front commercial buildings in Greenhorn, Oregon, 1913. Western false front architecture or false front commercial architecture is a type of commercial architecture used in the Old West of the United States. Often used on two-story buildings, the style includes a vertical facade with a square top, often hiding a gable roof.
Class A or 4-star building: Rents in the top 30-40% of the local market; well-located; above-average upkeep and management; usually older than a trophy/5-star building; Class B or 3-star building: Rents between Class A and Class C; fair-to-good locations; average upkeep and management
According to Real Capital Analytics, a New York real estate research firm, more than $160 billion of commercial properties in the United States are now in default, foreclosure, or bankruptcy. In 2024, office leasing volume rose to its highest level since 2020, but roughly 60% of active office leases went into effect prior to the pandemic. [ 5 ]
15th-tallest building in the United States, tallest building on the West Coast of the United States, tallest building in California; tallest building constructed in Los Angeles in the 2010s. [1] [14] [15] Topped-out in 2016. When measured by roof height, the tower is 934 feet (285 m) tall, which is 84 feet (26 m). shorter than the U.S. Bank ...