The price tag of commercial property in the US, including in Southern California, has been on the rise in recent years. However, the price might be leveling off now in commercial real estate transactions. In fact, the price of commercial real estate is predicted to possibly even decline in the next few years.
Real estate transactions are a constant source of disputes as they involve significant investments and ever-changing market conditions.
Mark Zuckerberg's name is instantly recognizable as the billionaire is the founder of Facebook and is currently the company's CEO. But he was also in the news recently for a real estate dispute that he was involved in. Zuckerberg bought the rights to property from Mircea Voskerician. Voskerician said that as part of the deal, Zuckerberg agreed to introduce him to other prominent Silicon Valley residents to help bolster his business.
Imagine you and your spouse are expecting a new child. This is exciting news! But when you look around the apartment that the two of you have been living in for the last few years, it quickly dawns on you that this living situation simply won't work when your bundle of joy comes home. You and your spouse start looking for homes, because when it comes time for your son or daughter, you will want them to live in a comfortable home.