Episode 159: LA City vs LA County

Investing with GoodLife | Real Estate News, Investing Tips, & Current Events

Podcast Episode 159:

In this episode today, Rohan and David discussed the following:

1. Federal Reserve and Economic Data (00:02 - 03:43)

1. Fed Meeting Update: The Federal Reserve kept rates steady but hinted at a possible rate cut in September. Recent data showed a decrease in inflation and mixed job numbers, which could influence future rate decisions.

1. Jobs Report: July added 114,000 jobs, falling short of expectations, with the unemployment rate rising to 4.3%. This may impact future Fed rate cuts.

1. Gas Company Tower and Local Real Estate (05:05 - 08:20)

1. Brookfield's Gas Company Tower: The building, in receivership since April 2023, is up for auction. LA County is considering purchasing it, while Mayor Karen Bass is negotiating a significant lease. South Korean pension funds are also interested, complicating the situation.

1. Office Space Trends and Future Outlook (09:32 - 15:30)

1. Federal Government Office Space: The future use of office space by the federal government is uncertain with potential changes depending on the upcoming election. Current trends show high vacancy rates in DC and varied remote work policies.

1. Office Space Demand: There is concern about oversupply and future demand for office space depending on the political landscape and remote work trends.

1. Cold Storage and Industrial Warehousing (15:37 - 19:33)

1. Lineage IPO: Lineage, a cold storage logistics firm, had a successful IPO, raising $4.4 billion. The cold storage industry is growing rapidly due to increased demand for fresh food and reduced food waste.

1. Future Trends: Cold storage is expected to significantly expand by 2031, driven by consumer demand for fresher food.

1. Content Recommendations (20:54 - 24:23)

1. Furies: A French TV series about organized crime in Paris with a female sheriff figure. It features a mix of comedy and drama with a unique take on crime.

1. Sunny: An Apple TV show starring Rashida Jones, set in Japan, where a personal robot reveals secrets about her late husband. It explores themes of AI and human-robot interaction.

1. Personal Updates (25:13 - 27:29)

1. Mammoth Trip: A rustic mountain getaway in Mammoth with cooler temperatures, boating, hiking, and a connection to historical retreats to cooler places.

1. NYC Dining: David tried a restaurant by Iron Chef Morimoto, which was good but not outstanding. He also discovered a new part of an American Airlines lounge.