INCO Commercial is proud to share two articles from the Long Beach Business Journal featuring two of our top team members.
From the ‘Business Improvement Districts’ section, the second article down entitled “Magnolia Industrial Group” highlights the improvement of a particular industrial area that had suffered a loss of interest and investment due to its past history of crime and other problems. Magnolia Industrial Group (MIG) board member and INCO Commercial president, Bill Townsend, along with area property owners and assistance from the City of Long Beach have spearheaded this effort. The MIG Property and Business Improvement District (PBID) is the first of its kind in an industrial zone. The project has seen great success in restoring confidence in property owners for that area, due to one key feature: private security.
Click on the image below to read a PDF of the full article.
In another article, entitled “Low Interest Rates Forecasted to Persist, Driving Buyer Demand for Residential Properties,” an INCO Commercial senior associate, Eric Christopher discusses taking advantage of the economy’s low interest rates. Christopher specializes in multi-family properties and sees a great opportunity in the Long Beach area for multi-family investors due to the combination of low interest rates and rising rental costs. He indicates that with the interest rates as low as they are, the next five to seven years promise great cash flow on a fixed-rate loan.
Please click on the images below to read the full PDF article.