{"id":1004123663,"date":"2015-07-21T06:31:29","date_gmt":"2015-07-21T14:31:29","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=355709"},"modified":"2022-11-26T04:10:15","modified_gmt":"2022-11-26T12:10:15","slug":"sidewalks-air-rights-and-land-parting-gifts-from-the-defunct-redevelopment-agency","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/sidewalks-air-rights-and-land-parting-gifts-from-the-defunct-redevelopment-agency\/","title":{"rendered":"Sidewalks, Air Rights and Land: Parting Gifts from the Defunct Redevelopment Agency"},"content":{"rendered":"

By Alex Girda, Associate Editor<\/em><\/p>\n

Following the demise of the Community Redevelopment Agencies across California, a large amount of leftover real estate, the result of a variety of projects or zoning changes made during their activity, is now available. The CRA\/LA<\/a>, the successor of The Community Redevelopment Agency of the City of Los Angeles, now needs to offload an interesting mix of assets that remained in the wake of the agency\u2019s shutdown.<\/p>\n

\"the<\/a><\/p>\n

The City of Los Angeles<\/p>\n<\/div>\n

According to a recently issued press statement, CRA\/LA chose\u00a0Cushman & Wakefield<\/a> to handle the disposition of the 50-asset portfolio. Consisting of an eclectic mix of assets that includes land, leased fees, easements, and air rights, as well as more unconventional bits of real estate such as stretches of sidewalk, the portfolio is dispersed throughout the city, and paints a picture of the extensive activity of the Redevelopment Agency.<\/p>\n

Cushman & Wakefield has been granted exclusivity in the disposition of the portfolio, with efforts to sell the assets being headed by Associate Director Jimmy Chai, Vice Chairman & Executive Managing Director Marc Renard, as well as Senior Director Manfred Schaub. The brokerage already setup a website<\/a> where those interested can peruse the assets that are up for grabs.<\/p>\n

Set to be sold at fair market value, the properties originally became available on July 15th<\/sup>. Interested parties are expected to submit offers for the assets before the September 15 deadline.<\/p>\n

Image courtesy of\u00a0crala.org<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Following the demise of the Community Redevelopment Agencies across California, a large amount of leftover real estate, the result of a variety of projects or zoning changes made during their activity, is now available.<\/p>\n","protected":false},"author":41,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1594,21742],"tags":[],"class_list":["post-1004123663","post","type-post","status-publish","format-standard","hentry","category-los-angeles","category-latest"],"acf":[],"yoast_head":"\nSidewalks, Air Rights and Land: Parting Gifts from the Defunct Redevelopment Agency - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/sidewalks-air-rights-and-land-parting-gifts-from-the-defunct-redevelopment-agency\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sidewalks, Air Rights and Land: Parting Gifts from the Defunct Redevelopment Agency\" \/>\n<meta property=\"og:description\" content=\"Following the demise of the Community Redevelopment Agencies across California, a large amount of leftover real estate, the result of a variety of projects or zoning changes made during their activity, is now available.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/sidewalks-air-rights-and-land-parting-gifts-from-the-defunct-redevelopment-agency\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2015-07-21T14:31:29+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-11-26T12:10:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/07\/home-locateLA.jpg\" \/>\n<meta name=\"author\" content=\"Alex Girda\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/sidewalks-air-rights-and-land-parting-gifts-from-the-defunct-redevelopment-agency\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/sidewalks-air-rights-and-land-parting-gifts-from-the-defunct-redevelopment-agency\\\/\"},\"author\":{\"name\":\"Alex Girda\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/540f0253de89dedaae7684239611b81c\"},\"headline\":\"Sidewalks, Air Rights and Land: Parting Gifts from the Defunct Redevelopment Agency\",\"datePublished\":\"2015-07-21T14:31:29+00:00\",\"dateModified\":\"2022-11-26T12:10:15+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/sidewalks-air-rights-and-land-parting-gifts-from-the-defunct-redevelopment-agency\\\/\"},\"wordCount\":255,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/sidewalks-air-rights-and-land-parting-gifts-from-the-defunct-redevelopment-agency\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2015\\\/07\\\/home-locateLA.jpg\",\"articleSection\":[\"Los Angeles\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/sidewalks-air-rights-and-land-parting-gifts-from-the-defunct-redevelopment-agency\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/sidewalks-air-rights-and-land-parting-gifts-from-the-defunct-redevelopment-agency\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/sidewalks-air-rights-and-land-parting-gifts-from-the-defunct-redevelopment-agency\\\/\",\"name\":\"Sidewalks, Air Rights and Land: Parting Gifts from the Defunct Redevelopment Agency - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/sidewalks-air-rights-and-land-parting-gifts-from-the-defunct-redevelopment-agency\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/sidewalks-air-rights-and-land-parting-gifts-from-the-defunct-redevelopment-agency\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2015\\\/07\\\/home-locateLA.jpg\",\"datePublished\":\"2015-07-21T14:31:29+00:00\",\"dateModified\":\"2022-11-26T12:10:15+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/540f0253de89dedaae7684239611b81c\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/sidewalks-air-rights-and-land-parting-gifts-from-the-defunct-redevelopment-agency\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/sidewalks-air-rights-and-land-parting-gifts-from-the-defunct-redevelopment-agency\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/sidewalks-air-rights-and-land-parting-gifts-from-the-defunct-redevelopment-agency\\\/#primaryimage\",\"url\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2015\\\/07\\\/home-locateLA.jpg\",\"contentUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2015\\\/07\\\/home-locateLA.jpg\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/sidewalks-air-rights-and-land-parting-gifts-from-the-defunct-redevelopment-agency\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Sidewalks, Air Rights and Land: Parting Gifts from the Defunct Redevelopment Agency\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/540f0253de89dedaae7684239611b81c\",\"name\":\"Alex Girda\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/04\\\/Alex-Girda.jpg?w=96\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/04\\\/Alex-Girda.jpg?w=96\",\"contentUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/04\\\/Alex-Girda.jpg?w=96\",\"caption\":\"Alex Girda\"},\"description\":\"Alex is a senior editor with Multi-Housing News and Commercial Property Executive who has more than a decade of experience in the industry. Mainly focused on data-driven exploits, he works with Yardi Matrix and CommercialEdge to provide insights into the real estate market.\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/author\\\/alex-girda\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Sidewalks, Air Rights and Land: Parting Gifts from the Defunct Redevelopment Agency - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/sidewalks-air-rights-and-land-parting-gifts-from-the-defunct-redevelopment-agency\/","og_locale":"en_US","og_type":"article","og_title":"Sidewalks, Air Rights and Land: Parting Gifts from the Defunct Redevelopment Agency","og_description":"Following the demise of the Community Redevelopment Agencies across California, a large amount of leftover real estate, the result of a variety of projects or zoning changes made during their activity, is now available.","og_url":"https:\/\/www.commercialsearch.com\/news\/sidewalks-air-rights-and-land-parting-gifts-from-the-defunct-redevelopment-agency\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2015-07-21T14:31:29+00:00","article_modified_time":"2022-11-26T12:10:15+00:00","og_image":[{"url":"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/07\/home-locateLA.jpg","type":"","width":"","height":""}],"author":"Alex Girda","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.commercialsearch.com\/news\/sidewalks-air-rights-and-land-parting-gifts-from-the-defunct-redevelopment-agency\/#article","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/sidewalks-air-rights-and-land-parting-gifts-from-the-defunct-redevelopment-agency\/"},"author":{"name":"Alex Girda","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/540f0253de89dedaae7684239611b81c"},"headline":"Sidewalks, Air Rights and Land: Parting Gifts from the Defunct Redevelopment Agency","datePublished":"2015-07-21T14:31:29+00:00","dateModified":"2022-11-26T12:10:15+00:00","mainEntityOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/sidewalks-air-rights-and-land-parting-gifts-from-the-defunct-redevelopment-agency\/"},"wordCount":255,"commentCount":0,"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/sidewalks-air-rights-and-land-parting-gifts-from-the-defunct-redevelopment-agency\/#primaryimage"},"thumbnailUrl":"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/07\/home-locateLA.jpg","articleSection":["Los Angeles","News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.commercialsearch.com\/news\/sidewalks-air-rights-and-land-parting-gifts-from-the-defunct-redevelopment-agency\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/sidewalks-air-rights-and-land-parting-gifts-from-the-defunct-redevelopment-agency\/","url":"https:\/\/www.commercialsearch.com\/news\/sidewalks-air-rights-and-land-parting-gifts-from-the-defunct-redevelopment-agency\/","name":"Sidewalks, Air Rights and Land: Parting Gifts from the Defunct Redevelopment Agency - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/sidewalks-air-rights-and-land-parting-gifts-from-the-defunct-redevelopment-agency\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/sidewalks-air-rights-and-land-parting-gifts-from-the-defunct-redevelopment-agency\/#primaryimage"},"thumbnailUrl":"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/07\/home-locateLA.jpg","datePublished":"2015-07-21T14:31:29+00:00","dateModified":"2022-11-26T12:10:15+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/540f0253de89dedaae7684239611b81c"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/sidewalks-air-rights-and-land-parting-gifts-from-the-defunct-redevelopment-agency\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/sidewalks-air-rights-and-land-parting-gifts-from-the-defunct-redevelopment-agency\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/sidewalks-air-rights-and-land-parting-gifts-from-the-defunct-redevelopment-agency\/#primaryimage","url":"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/07\/home-locateLA.jpg","contentUrl":"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/07\/home-locateLA.jpg"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/sidewalks-air-rights-and-land-parting-gifts-from-the-defunct-redevelopment-agency\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Sidewalks, Air Rights and Land: Parting Gifts from the Defunct Redevelopment Agency"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/540f0253de89dedaae7684239611b81c","name":"Alex Girda","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Alex-Girda.jpg?w=96","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Alex-Girda.jpg?w=96","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Alex-Girda.jpg?w=96","caption":"Alex Girda"},"description":"Alex is a senior editor with Multi-Housing News and Commercial Property Executive who has more than a decade of experience in the industry. Mainly focused on data-driven exploits, he works with Yardi Matrix and CommercialEdge to provide insights into the real estate market.","url":"https:\/\/www.commercialsearch.com\/news\/author\/alex-girda\/"}]}},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004123663","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/41"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004123663"}],"version-history":[{"count":1,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004123663\/revisions"}],"predecessor-version":[{"id":1004620658,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004123663\/revisions\/1004620658"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004123663"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004123663"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004123663"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}