Driving Multifamily Value in Los Angeles

This episode covers the retail sector’s impressive post-pandemic comeback with John Swartz, Principal at True North CRE.The Crexi Podcast explores various aspects of the commercial real estate industry in conversation with some of the top CRE professionals in the space. In each episode, we feature different guests to tap into their wealth of CRE expertise and explore the latest trends and updates from the world of commercial real estate. In this episode, Crexi's Jessica LaRusso sits with John to discuss the current state of multifamily in Los Angeles, regulatory shifts, hidden upsides and his guiding philosophies as a value-add broker and entrepreneur. Their wide-ranging conversation includes:Introductions, early mentors and career movesTransitioning into a brokerage career in the wake of the Great RecessionFavorite mistakes, daily habits, consistency and PPPThe state of multifamily assets in Los AngelesShifting trends and investor patterns amid regulatory changes Growth in LA development and prioritizing lengthier investmentsLong-term upsides and potential obstacles in the marketThe opportunities in vacant units and acquisition ROIThe origins of True North CRE and guiding philosophy as a brokerage firmMaintaining client relationships and continual communicationRapid fire questions and sign-offsAnd much more!If you enjoyed this episode, please subscribe to our newsletter to receive the very next one delivered straight to your inbox. For show notes, past guests, and more CRE content, please check out Crexi Insights.Ready to find your next CRE property? Visit Crexi and immediately browse hundreds of thousands of available commercial properties.Follow Crexi:https://www.crexi.com/​ https://www.crexi.com/instagram​ https://www.crexi.com/facebook​ https://www.crexi.com/twitter​ https://www.crexi.com/linkedin​ https://www.youtube.com/crexiAbout John Swartz:Primarily serving Los Angeles and the surrounding area, John has over 20 years of experience working with buyers and investors of multifamily income properties, helping his clients build long-term, multi-generational wealth. Born and raised in Detroit, John has lived in Los Angeles for 18 years. He began his real estate career in 1998 when he interned for Taubman Company in Bloomfield Hills, MI. He has worked for some of the nation's leading multifamily, retail, and mixed-use developers, including Lagovent Real Estate Group, Watt Companies, and the Westfield Corporation. In 2010, he became a California licensed broker, and, since, has earned many industry awards and recognitions, including the West Region Producer of the Year at Transwestern in 2018 and 2019, and the West Region Deal of the Year at Transwestern from 2017 to 2019. In addition to his extensive background as a real estate agent, he received a Bachelor of Arts from Michigan State University and a Master of Science in Finance from Walsh College. As a top-notch real estate broker, John has acquired and disposed of o