Blog Two Week Two

It is now two weeks until our move to downtown Los Angeles. My wife has been patient with our last few moves, but I feel it may be time to settle down long term. I know my wife wants to start to have children. I feel that with the capital that I have created with my business, and this last project we will be economically secure in life. I own a company called Sophisticated Properties, LLC. 

Sophisticated Properties, LLC is a company that I started about twenty five years ago. My company specializes in the renovation/ gentrification of downtown apartment buildings across the United states. My company fully restores old downtown buildings, creating luxury apartments for lease and sale located in the desirable downtown area. Known by many as the modern day urban pioneer. We cater to middle class America, that has the desire to live in the urban setting. My company has had great success in our last three destinations, Goose Island Chicago, IL, Quality Hill Kansas City, MO and SouthEnd Boston, MA.

The reason why I have so much successes, has to do with where and why I choose a town to invest in. Every area is carefully researched and calculated. The where has to do with potential in property values, along with the next "happing place". naturally my company aims to turn a profit. That is why we focus on lower property value areas that are making or bound to make a turn around economically and socially. Young professionals, and artist are starting to rethink the zone they want to live in. The concentric zone mold for urban growth is begging to be transformed in some areas, as these young professionals and artist find the desire to move back in to zone one. The desire to be back in the centre of the hive is in. This new centripetal force trend is where we come in.

This trend is great for the city. Our actions along with other businesses and companies like mine help to result in a whole new transformation of the city. This has a direct positive result for the city in a few ways. For instance property values raise, thus creating more tax dollars. More tax dollars will result in better funding for the local schools. Also with a thriving area more businesses will come to the area and help generate even more tax revenue. However, the hot issue that we face in pretty much every city is the relocation of the lower class population. Once the natural effect of our actions take place. It is no secret that a large majority of the indigenous population will be forced out of the area. This is a natural process that happens. This is why always lobby for an area to remain for low income housing.

The decision to go to Los Angeles was an easy one for a few reasons. Los Angeles is one of the most desirable places to live right now. LA has a huge business core. LA also is home to three of the most profitable sporting franchises. The Dodgers, the Lakers and the Kings. Not to mention the two top universities USC and UCLA The downtown area that we purchased our three buildings are in the center of were the plan for the gentrification of the broadway commercial corridor will be! A great number of loft conversions have been made by local up and coming artist. Sophisticated Properties, LLC is looking forward to its next project in downtown Los Angeles