Rental Demand Drives New Commercial Construction in Southern California

The long dry spell in Los Angeles’s commercial construction market may be comming to a close.  The Los Angeles Times recently reported that commercial real estate developers are building again, buoyed by strong demand for apartments. With unemployment still high and Americans still skittish about putting their money in a house that may still decline in value, rents have increased as that option has become more palatable.
According to the LA Times, the increase in construction in Southern CA is attributable to the “revival of projects that stopped during the recession, but many others are new from the ground up…”
As building gains economic steam, it is important for everyone in the building process to preserve their rights to get paid for the labor or materials they provided. Mechanics lien are an important part of that process.  In California, liens filed on private property are known as Mechanic’s Liens. When a California mechanics lien is filed with regard to work performed on privately owned property, it attaches to and encumbers the fee simple ownership of property.

Click here for more information on California mechanics liens, or give a call at 888-543-6765.