Industry News

Grether & Grether: Newest Adaptive Reuse Downtown Los Angeles

By TRU Development Co | November 2, 2017

Grether and Grether, a registered historic landmark, was originally commissioned in 1921. It now boasts 13,856 square feet of retail and mezzanine space and 72 luxury lofts. The lofts are a mix of studio and one-bedroom units overlooking either Santee Court or Los Angeles Street. This historic restoration shows a pride of ownership with desirable […]

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Las Vegas MSA: Job Growth Rate 2.3 percent

By TRU Development Co | October 31, 2017

Las Vegas MSA grew 21,600 jobs Y-o-Y on a trailing 12-month basis. Employment at record highs and no signs of abating. Las Vegas lost 134,400 jobs during the recession, a decline of 14.4 percent. Since bottoming out, the region has added 183,900 jobs, an increase of 23.1 percent. Employment currently stands 49,500 higher than the […]

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Who is renting now? Millennials and Retirees

By TRU Development Co | October 20, 2017

The largest population cohort, Millennials, are entering their prime spending years. This cohort is described as The Sharers, as coined in the book Big Shifts Ahead: Demographic Clarity For Business. Sharers are marrying later in life, have more student debt and are more interested in capturing the best social media photo on an adventure than purchasing a […]

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LA Fashion District: An Urban Dinner Party

By TRU Development Co | October 13, 2017

October 12,2017 the LA Fashion District BID hosted a wonderful dinner party located at City Market South. All the proceeds from the event went to benefit the LA Fashion District public arts program. The award winning chef Steve Samson of Rossoblu prepared a flavorful, four course, Italian dinner al fresco. The night was beautiful and […]

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Millennials Will Rent

By TRU Development Co | October 6, 2017

All signs lead to renting as Millennial generation enters their prime spending years.  Millennials are marrying and having families later in life, which has created a new demand for housing particularly in the rental market. The Millennial cohort is comprised of approximately 92 million people and will far exceed the baby boomer cohort by 15 […]

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DCBID: Los Angeles 2017 Q2 Market Report

By TRU Development Co | September 29, 2017

The Downtown Center Business Improvement District (DCBID), a coalition of nearly 1,700 property owners in the central business district of Downtown Los Angeles and formed in 1998, is transforming the Fashion District area into a vibrant Urban Hub centered around the idea of live, work and shop! DCBID published the 2017 Q2 Market Report. Some of […]

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Kaktus Life III: Ground Breaking News 09.27.17

By TRU Development Co | September 28, 2017

We have some exciting news! Kaktus Life III located at 8030 W Maule Ave., Las Vegas has officially started construction September 27, 2017. This is our Class A mixed -use development opportunity with 608 multi-family units and 5,000 sq. ft. of retail space. If you are interested in learning more about our projects, contact our […]

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Market Monday 09.25.17 with Gary Banner CCIM

By TRU Development Co | September 25, 2017

A recent NAIOP CRE sentiment survey is the focus of our Market Monday briefing hosted by Gary Banner CCIM of TRU Development. Gary also extends a warm welcome to the newest member of our team Leslie Becker LEED AP. Watch the full briefing here: Connect with us on YouTube, Twitter, Facebook and Instagram to stay social!

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Good Times in Vegas, on the Road and at Home Signal Economic Expansion

By TRU Development Co | September 22, 2017

US Capital Wealth Management just published their market insights for September 22, 2017. Featured in the article is the Las Vegas convention and visitor attendance is the best it has ever been. This is a great sign for our economy and our community. See below for a preview and the PDF link to download the […]

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Annual Affordable Housing Conference: Las Vegas, Nevada

By TRU Development Co | September 13, 2017

Gary Banner CCIM, Sr. Market Analyst for TRU Development received a special invite to attend the Annual Affordable Housing Conference hosted by Cohn Reznick at the Mandarin Hotel in Las Vegas, Nevada. The objective of this conference was to outline how affordable housing gets built. The “Low Income Housing Tax Credit” (LIHTC) was explained in […]

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