In case you missed it, here’s the recording and access to the slideshow from the webinar held on March 30, 2022 on the new world of economic development focused on creating currency for cities and capturing value through zoning and special financing districts… and the grants available to cities to make that happen!
Land Use and Development Playbook For Value-Capture and Creating Currency For Local Community Development Planetizen Article by By Clare Letmon and Photo by Willem van Bergen / Flickr – Larry Kosmont shares what cities need to do to meet escalating state requirements; add housing density; fix shopping centers; replace sales tax; pay for constituent services;…
Momentum from 2021 carries into 2022 and beyond. Learn more here.
Congratulations to our client, the City of Palmdale, on the successful formation of a joint City/County of L.A. EIFD! Kosmont Companies was proud to assist them in this achievement and look forward to more exciting things to come for the community. #EIFD
Kosmont Client City of Napa continues on track for EIFD formation to fund critical infrastructure Citywide. #EIFD
Kosmont Companies is proud to be a part of Redondo’s public finance success in 2021. Congratulations to the City of Redondo Beach for a great year despite all the challenges.
Kosmont Updates that could affect your community for better or worse! Learn more here.
Kosmont Companies provides value add services to City of Banning by preparing Comprehensive Econ Dev Strategy (CEDS) and evaluating Community Revitalization Investment Authority (CRIA) #toolsascurrency
LA County Supervisors approved ground lease for new mixed-use development at former San Pedro Courthouse Site. Kosmont Companies helped the County successfully solicit and select a development partner and negotiate the transaction.
Congratulations to Larry J. Kosmont for his feature in the L.A. & Orange Counties Commercial Real Estate: Trends, Updates & Visionaries. His career accomplishments, exemplary leadership, and influence make him a true visionary in the real estate field. Click the “Read Print Version” in the linked article.
The American Recovery Plan Act (“ARPA”) became law in March 2021 and provides $64 billion of direct/flexible aid to cities/towns across the USA to assist with COVID-19 recovery. In many California cities, the funding allocation is substantial (see examples below). Click here to find your city’s funding allocation. Cities should receive their funding as late as…
Article by Wes Woods II Ventura County Star (Photo Santa Paula City Hall. Arlene Martinez/The Star) — Santa Paula leaders are looking to transform a 2-acre property that is the gateway to the city from the east. The City Council on Wednesday discussed restaurant, hotel and office building options for a piece of property east of Hallock Drive between Telegraph…
Future of successful and timely regional shopping center revitalization in a post covid world is tied to Allen- SB 696 (Allen). It’s time to enable changes to Reciprocal Easement Agreements to that can stand in the way of community revitalization. — (CAFWD article by Jennifer Lovett – Photo by JohnGiez/Flicker) CARLSBAD — An equitable recovery…
(The Coast News Group article by Steve Puterski) CARLSBAD — Piece by piece, the Encina Power Station and the iconic smokestack are being erased from public view and sent into the history books. Now the issue is how the City of Carlsbad, NRG Energy and San Diego Gas & Electric will move forward. During the…
Howard Yune, Apr 26, 2021 I Updated Apr 30, 2021 – Napa City Council votes unanimously to take a first step toward potential special district formation to address critical infrastructure needs based on Kosmont findings and City staff recommendations.
California Planning & Development Report – Surplus LAND Act is now front and center for CA Cities and Counties!
PUBLICCEO Article – Kosmont client City of La Verne continues to leverage its EIFD to promote economic revitalization surrounding its forthcoming Gold Line station.
Posted by David Melnarik for KHTS HometownStation.com (Santa Clarita Latest News) – The Old Town Newhall Laemmle Theatre opens April 9th with a ribbon cutting ceremony! Kosmont is proud to be a part of the team that made this possible: from site acquisition, developer selection process to negotiating a public private transaction & more.
Senate Bill 780 (Cortese), initiated and supported by CALED, proposes helpful changes and clarifications to improve the functionality and usefulness of EIFDs & CRIAs. Please join us in supporting this critical legislation. Find the fact sheet and sample letter here.
In a meeting last week, the Long Beach Planning Commission signed off on a proposed high-rise hotel development at the intersection of Ocean Boulevard and Pine Avenue. The developer has three years to begin construction.
A shopping center in Miami’s West Little Havana neighborhood is being redeveloped into a mixed-use project that will include residential and office space along with retail and restaurants. Terra, a South Florida-based residential and commercial development firms, announced plans for the redevelopment…
EIFD Annual Reporting: Are we having fun yet? To the Cities and Counties that successfully formed their EIFDs… CONGRATULATIONS! Now the fun begins. Read more here
What’s In Your Community’s Retail Future? Retail shrinking and hotels resetting? Housing and industrial in high demand? What is your city’s revenue preservation and value capture plan beyond a COVID economy? Retail stores are a rapidly diminishing fiscal revenue source. There is a timely opportunity to save your community’s tax base by reimagining retail corridors, malls, and…
Wishing you peace, prosperity, and HEALTH in 2021. Happy Holidays and Happy New Year! From the Kosmont Team Watch video here.
SB2 (Planning Grant Program) and LEAP (Local Early Action Planning) are grant funds that each City/County is entitled to receive as long as basic threshold requirements are met. Many public agencies have their SB2 funding approvals and…LEAP funds are on their way! The LEAP over-the-counter period has been extended from July 1, 2020 to January…
South Bay Watch Article: Resetting the South Bay Economy after COVID-19 A Land Use Revolution is in Process! Written By: Larry J. Kosmont, CRE® – Chairman & CEO, Kosmont Companies – SEE PAGE 3
Will Redevelopment ever come back…likely not. But EIFDs are gaining momentum throughout the state and local candidates are watching, waiting and debating this new form of Tax Increment Financing. See Solana Beach discussion.
EIFDs Roaring into 2021 – City and county EIFDs are beginning to proliferate, and both public agencies and the private sector (developers and corporate landowners) are now learning how to utilize EIFDs to address critical infrastructure and deliver public benefit and valuable community amenities. Below are a few snapshots from the 30+ EIFDs in progress…
JOIN US for an informative webinar on making the appropriate economic development and land use decisions in response to the COVID 19 slowdown. Understand the evolving shifts in the retail, hotels, tourism, industrial, and residential markets. Learn how to leverage new funding sources and implement effective programs that can accomplish recovery in the near-term and…
VIRTUAL BUSINESS: Something Old… Something New – Kosmont Companies understands that virtual business is the new reality for many. The Kosmont Team has been working virtually for over 10 years! So other than maxing out our ZOOM time instead of attending in-person meetings, our “prior COVID-19” business model has helped us make the shift efficiently.…
MESSAGE FROM THE CHAIRMAN & CEO – Dear Kosmont Public and Private Clients, Collaborators and Friends: This is a tumultuous time with the nation in a state of emergency, schools closing and most families scrambling to ensure a safe and healthy daily life. We recognize the impact and uncertainty that the Coronavirus disease (COVID-19) is…
TRANSFORMATION … INNOVATION … INTEGRATION – Kosmont Leading Retail Reimagination – Kosmont Companies is innovatively helping both Cities and Developers reimagine retail with a blend of uses. Our Kosmont Retail NOW!® platform leverages big market data, provides strategic and actionable economic development plans, and performs results-oriented implementation. It’s time to Think Outside the Box! Cities…
First ever joint attended City-County EIFD meeting in LA County included County appointed Public Financing Authority members led by Supervisor Hahn in partnership with the City of Redondo Beach led by Mayor Brand & Councilman Horvath. City, county, and state funding; collaborate to transform a part of the AES power plant into a regional park.
OPPORTUNITY ZONES – Final Opportunity Zone (OZ) Regulations were released in December 2019 by the Treasury Department and are expected to provide the clarity needed to unlock the OZ investment marketplace and generate increased project activity. Key Changes include…
Kosmont Companies is proud to be the Title Sponsor of this year’s CCMF golf tournament. It should be a beautiful day and we hope all the players have a great game!
Orange County Register Article – With a fresh year ahead, many organizations host events in January and February to educate their members and the public on the year behind and trends in front. I was privileged to attend three such gatherings recently — the Council of Supply Chain Management Professionals, the city of Corona Economic…
California Apparel News Article – Malibu has been taking steps to give a final approval to start construction of Malibu La Paz Ranch, a new retail center, it will be one of the only new retail centers to be constructed in Malibu in more than a decade. This project is being developed in a market…
Los Angeles County Approves Property Tax Increment Contribution to La Verne EIFD – On Tuesday, January 14th, 2020, the Los Angeles County Board of Supervisors (BOS) adopted a resolution approving its property tax increment contribution to the City of La Verne’s Transit-Oriented Development (TOD) Enhanced Infrastructure Financing District (EIFD). This momentous occasion marks only the…
Article from the San Gabriel Valley Tribune – A Vroman’s Bookstore, a high-quality organic grocery store, and a 50-room boutique hotel could be built on vacant property near downtown San Dimas. The project known as Pioneer Square replaces the once-proposed four-story hotel on the south side of Bonita Avenue between Acacia Street and Cataract Avenue,…
Los Angeles Daily News article – Shoppers peck for bargains as stores grow more empty; 12 Sears, 2 Kmarts slated to shutter by February. The missteps of Sears are plain to see in the bold letters on banners outside and inside its soon-to-be-shuttered stores. “Store closing.” “Nothing held back.” “Everything must go.” For many Sears…
Bisnow article – The Cypress City Council has approved the sale of a 13-acre plot in front of the Los Alamitos Race Course, clearing the way for the development of a mixed-use megaproject. The city last week approved the sale and development rights of the city-owned site to Shea Properties for $15.25M, and an additional…
Kosmont Companies is proud to be the advisor for the legacy established by City of Placentia, County of Orange in partnership with SCAG in forming the 1st County City EIFD in California. The EIFD integrates the City’s Opportunity Zones to focus on Transit Oriented Development. SCAG PROJECT OF THE MONTH – An Enhanced Infrastructure Financing…
Kosmont Companies expands our team and services beyond California into Arizona and the Midwest! We’d like to welcome Mr. Joseph Fackel (Midwest Territory) and Mr. Bob Tunis (Arizona Territory) to the team. Read more – click link/image above.
Kosmont partners with SCAG, the City of Placentia, and County of Orange on the Placentia TOD Packing House & Old Town EIFD The City of Placentia/County of Orange TOD Packing House & Old Town Enhanced Infrastructure Financing District (“District” or “EIFD”) was formed on July 30, 2019 as the first City/County cooperative EIFD to be…
START UP CAPITAL FOR HOUSING, INFRASTRUCTURE AND ECONOMIC DEVELOPMENT – New and expanded Federal and State grant programs can help bridge the gap for EIFDs/TIF district projects
Larry Kosmont quoted in The Economist Special Report “California and Texas have different visions for America’s future.” Read it here.
The future of Pasadena’s historic YWCA building one block from City Hall is front and center again Monday as officials polish a new Request for Proposals and Councilmembers consider extending by one year the site’s zoning entitlements from an earlier failed hotel plan. The new call for ideas for use of the empty landmark designed…
It was a bill that, depending on what side you were on, either held the promise of easing the crushing lack of affordable housing in the state of California, or was the mechanism by which local, single-family neighborhoods would be compromised irrevocably by large-scale development. Senate Bill 50, an ambitious proposal authored by Sen. Scott Wiener,…
A survey by Kosmont Companies and the Rose Institute ranked Santa Clarita among the best cities for doing business across Southern California. The recent survey, titled “2018 Kosmont-Rose Institute Cost of Doing Business Survey,” recognized Santa Clarita as a “low-cost” city for its low property tax rates, no utility tax and several other business benefits…
San Dimas Councilman Ryan Vienna didn’t realize searching for a potential tenant to develop a vacant lot near the downtown could be like speed dating. Earlier this year, San Dimas tapped an economic development firm to determine whether restaurants and retail may be a viable alternative at the site of a four-story hotel proposed on the south side of Bonita…
California’s First County-City EIFD Partnership
The IRS issued new regulations that add flexibility to the 31-month working capital safe harbor period for delays caused by government agency actions that may include permitting and CEQA reviews. The new rules would apply to operating business investment and real property investment, provided the government action application was completed during the 31-month period.
California OZ Projects Get CEQA Relief!
Larry J. Kosmont is chairman and CEO of Kosmont Companies, a real estate and economic development services firm specializing in public-private transactions. Robert Valenti is a senior project analyst with Kosmont Companies and provided research assistance.
St. Helena officials are eyeing a new financing tool that could help fund infrastructure and housing. An Enhanced Infrastructure Finance District (EIFD) allows local governments to leverage future revenue from increased property taxes in order to issue bonds and otherwise pay for infrastructure projects.
The city-owned 5.6-acre Adams Street property, which now contains a vineyard, could become the site of a luxury resort, with some space left over for public use. (Note: After this article was published, the council’s initial discussion of the Adams Street property was postponed to May 28.)…
TULARE COUNTY – The American economy, and even economies at the local level are experiencing a huge boon. What Tulare County is trying to do now, is capitalize on the upswing. And last month the Tulare County Board of Supervisors accepted their economic report that has been months in the making.
Building a Pasadena Department of Water and Power headquarters on land it owns adjacent to City Hall is being considered under a new set of options related to possible future uses for the Pasadena YWCA building, according to a City staff report. As part of its search for possible reuse or development proposals for the…
Amazon is not the enemy. They are a retailer and real estate company Amazon.com has been expanding its physical retail presence in recent years, as exemplified by its acquisition of Whole Foods Market, its expansion of the Amazon Go cashierless grocery stores and its creation of the 4-Star store concept. But one would not see…
Kosmont is participating in 4 upcoming events focused on Opportunity Zones. Check out the event details here and be sure to click on the link to hear the Governor’s thoughts on EIFDs and OZs
City Hires Private Firm to Craft Strategic Plan In response to downtown’s protracted retail woes, the Santa Barbara City Council voted to spend $84,000 to hire a private economic consulting firm, Kosmont & Associates, to help craft a strategic plan to bring local shoppers to the central business district. Previous studies have repeatedly concluded that…
State and local governments will likely play a significant role in both identifying and supporting Opportunity Zone Fund projects. State and local governments will likely play a significant role in both identifying and supporting Opportunity Zone Fund projects. While governments won’t be Opportunity Zone Fund investors—because they don’t pay income tax, they will play an…
After several months of waiting, real estate investors, developers and other keen commercial real estate observers have finally received answers to some of their many questions about the Opportunity Zone program.
Bond Buyer article by Keeley Webster titled “Kosmont grows by helping California cities navigate post-redevelopment world” is about how Larry Kosmont’s advisory and real estate firm thrived after the state axed local redevelopment agencies.
The City of South Gate receives $5.1M from Shopping Center Developer in Successful P3 Deal. Kosmont proudly represented the City as its real estate & financial advisor. Appropriation of funds was approved on 6/12/2018.
Project Video: The City of South Gate receives $5.1M from Shopping Center Developer in Successful P3 Deal.
Kosmont pulls back the curtain and shows you how to take advantage of the most significant tax legislation relating to real estate development since the creation of the 1031 Exchange. Created as part of the 2017 Tax Cuts and Jobs Act, Opportunity Zones (O.Z.) were created to unlock unrealized capital gains money and encourage investment…
Since the passage of the Opportunity Zone provision in January, commercial real estate developers, business owners and investors have been digging up information on how to incorporate the program into future investments and scouring the designated distressed neighborhoods for investment opportunities.
Kosmont Companies and the City of Redondo Beach are the proud recipients of the 2017 CALED Award of Excellence for Economic Development Partnership for the Marine Ave. Hotels Project. Read more about the project here.
People communicate and engage online more than ever before, whereas cities rely on traditional methods that require in-person attendance at meetings or town halls that limit the conversation typically dominated by a faithful few. Kosmont Companies is proud to provide digiConversation™, an online economic development, real estate, and land use outreach platform utilizing digital and social…
The 2016/2017 Kosmont-Rose Institute Cost of Doing Business Survey provides annual info about the costs of operating a business in 307 cities across 9 western states. The Survey celebrates its 22nd year of publication and was recently featured in the LABJ.
FIRE AFTERMATH – Long road back for unfortunate residents and businesses, but the expectation is that local government impacts will be less devastating and public finance issuers will be supported by the underlying land values, which are high in California. Read The Bond Buyer article by Keeley Webster with quotes from Kosmont’s Senior Vice President,…
California cities tax costs still high but other parts of the country catching up. See the latest Kosmont-Rose Cost of Doing Business Survey.
Keeping Out of the Middle, an article in the November issue of California Centers Magazine, provides insight into the changing retail market and the attempt to “move out of what was once considered the comfort zone.
“The state just approved 15 housing bills in California, several of which are dependent on leveraging and providing federal support through tax credits – those would be destroyed by the proposed federal legislation,” Kosmont said.
On Nov. 20 Redondo Beach Announced a New Effort to Redevelop the AES Power Plant Site. Kosmont is proud to serve as real estate & finance advisor for the City on this project and thanks Mayor Bill Brand for his kind words (see video – click read more below). We look forward to making the…
La Verne city leaders have spent the past 18 months coming up with a plan to redevelop 100 acres into a mixed-use development involving housing, infrastructure and a parking structure for a train station on the Foothill Gold Line, a light rail extension into the San Gabriel Valley, said Larry Kosmont, founder of Kosmont Cos.,…
It’s official! On October 30, 2017, the City of La Verne approved the first Enhanced Infrastructure Financing District (EIFD) in L.A. County. Kosmont acted as the City’s EIFD, real estate, and finance advisor throughout the process. For the full story, click Read More below. For more EIFD info, visit EIFDs under the Services tab at…
“Proud to have prepared this economic development strategy for my hometown, City of Thousand Oaks,” said Brian Moncrief, Sr. Vice President of Kosmont Companies. NEW IDEAS—Larry Kosmont, president of Manhattan Beachbased Kosmont Companies, presents his economic development strategy to the Thousand Oaks City Council on Sept. 12. From TOTV Life’s good in Thousand Oaks, but…
Larry J. Kosmont, President & CEO of Kosmont Companies was quoted in the following Apparel News article “Los Angeles Boutique Streets Undergo Change to Survive.”
Larry J. Kosmont is quoted in the L.A. Times article about Amazon’s search for a second headquarters where “They are asking communities to dress up and go to the dance.”
We congratulate Ryan Aubry, former Kosmont Companies Vice President on his success and becoming one of the “Who’s Who in Real Estate.” Read LABJ article on Ryan Aubry here.
Larry J. Kosmont quoted in the San Fernando Valley Business Journal article titled “Apartment Killer.” With the advent of Measure JJJ, developers often find it’s simply too expensive to build the types of housing the Valley needs. By Carol Lawrence Monday, July 24, 2017
Great cre.tech article by Franco Faraudo! Larry J. Kosmont was interviewed about the changing political nature of real estate and how technology is involved. Read all about it here.
Using the OppSites Platform at ICSC RECon in May 2017, the Kosmont Team promoted 61 economic development OPPORTUNITY SITES in 11 cities. Our cities had over 550 views and are now tracking over 100 leads on OppSites. Learn more.
Kosmont Companies is Proud to be a Certified OppSites Provider. OppSites is a national online economic development marketplace. Check out the article by Franco Faraudo on cre.tech for more information about OppSites and the link between politics and property.
Kosmont Companies will attend ICSC International Council of Shopping Centers RECon in Las Vegas. Be sure to contact us by May 1 to promote your development opportunity sites and/or districts by utilizing the Kosmont OppSites ICSC Promotion Package. Click for more detail
An article by Larry J. Kosmont and Matt Goulet published in Forecast LA 2017. StudyLA’s Public Opinion Survey results convey a certain bullishness on both Los Angeles and the nation. More than half of respondents reported they expected both the regional and national economy to…
Sneak peak at Big Al’s, a family-owned sports bar and entertainment center company based in the Pacific Northwest, opens its first location in California, in the former Best Buy space at the Piemonte at Ontario Center shopping complex. . Tuesday, March 14, 2017 . (Frank Perez/Correspondent)
UTILITY: Ojai’s fight with Golden State ends in $34.5 million system sale By Howard Fine Friday, April 14, 2017 After a seven-year battle to fend off a forced sale of its Ojai water system, Golden State Water has finally agreed to sell the business to the nearby Casitas Municipal Water District for $34.5 million. The deal,…
The Bond Buyer Behind a Struggling California Dirt-Bond Deal By Keeley Webster March 30, 2017 LOS ANGELES — A developer’s plans to resuscitate a master-planned community in Cathedral City, Calif. have stumbled, resulting in reserve draws to make bond payments on $11 million in outstanding community facility district special tax bonds. The developer, Inland Community…
You’re invited to CALED’s Ice Cream Social, to Visit our Booth #8, and to Attend our Panels. For details and invitation, click here: http://conta.cc/2mpLgKH
As a Certified Provider, Kosmont Companies introduces OppSites OppSites is an Economic Development Online Marketplace where public agencies can showcase privately owned as well as public owned property opportunities. OppSites built a national platform that empowers local leaders, is supported by the latest technology, and puts every community on ONE MAP to create a single global online…
By Becca Whitnall Consultant recommends city pursue ‘village’ concept If a bustling mix of residential, dining and retail around the Civic Arts Plaza is to become a reality, the City Council must get aggressive with its real estate portfolio, leveraging public property to transform the area’s hodgepodge of oddly shaped parcels into a cohesive…
Find out where various Kosmont team members will be for the month of February 2017. Come listen to them speak, look for them at a conference, or schedule a meeting. For the calendar of who, what, and where, click here: Kosmont February 2017 Calendar of Events Be sure to follow us on Twitter, LinkedIn, or Facebook for…
Contact us at our new number (424) 297-1070.
By Keeley Webster December 29, 2016 LOS ANGELES — With San Bernardino poised to exit bankruptcy in January after a grueling 54-month process, leaders of the Southern California city will shift from cost-cutting to achieve solvency toward growing the city’s economy. City Manager Mark Scott said he, Mayor Carey Davis, and the City Council are scheduling…
WATER: Cadiz hopes new administration will prove friendlier to desert project. — By HOWARD FINE Friday, December 9, 2016 Few L.A. companies are looking forward to Donald Trump taking the presidential oath of office more than Cadiz Inc. The L.A. land and water company, which has been trying for a quarter-century to win approval for a…
RETAIL 2016 Newsmakers: Mall Development Returns By Andrew Asch | Thursday, December 8, 2016 Two years ago, retail was buzzing with talk that the mall was dead. At the National Retail Federation’s Big Show, Rick J. Caruso, founder of The Grove retail center in Los Angeles, said that the mall was doomed. “I’ve come to the conclusion that within 10 to…
Attorney Continues to Make Case as Dealmaker LAW: Bob Baradaran adds hotel-condo development in Beverly Hills to resume. By HAYLEY FOX Staff Reporter December 5, 2016 Hefty price tags and high stakes are just another day at the office for Century City attorney Bob Baradaran. The 45-year-old transactional lawyer and managing partner at Greenberg Glusker has…
This event was held at the California Club in Los Angeles on Friday, December 1st. BizFed Founder David Fleming, L.A. County Supervisor-elect and current Congresswoman Janice Hahn, Kosmont Companies CEO and BizFed Executive Committee Member Larry J. Kosmont, California Consulting CEO and BizFed Executive Committee Member Steve Samuelian, and BizFed Founding CEO Tracy Rafter-Hernandez were…
THE 2015/2016 COST OF DOING BUSINESS SURVEY The Kosmont-Rose Institute Cost of Doing Business Survey provides annual information about the costs of operating a business in 305 cities across 9 western states. The Survey celebrates its 21st year of publication and its 12th year since Kosmont Companies ventured with the Rose Institute of State & Local Government. The Rose Institute of State & Local Government is a…
Larry Kosmont, President & CEO of Kosmont Companies, was recently featured in a Bond Buyer article in the subject of redevelopment dissolution and bond disputes associated with the wind-down of redevelopment agencies. California Bill Would Tackle Redevelopment Bond Disputes Written by Keeley Webster April 10, 2014 LOS ANGELES — The leader of the California Senate…
Larry Kosmont, President & CEO of Kosmont Companies, was recently featured in an article published online and in print by Apparel News on the subject of the newly remodeled Village at Westfield Topanga Mall in Los Angeles’ San Fernando Valley. The following is a portion of the article, written by Andrew Asch and posted on the Apparel…
Larry Kosmont, President & CEO of Kosmont Companies, was recently quoted in a Los Angeles Business Journal article entitled “Downtown L.A. Takes Bite Out of Restaurants.” The article focuses on the challenges associated with managing a successful restaurant in Downtown Los Angeles and cites the net loss in restaurants that Downtown Los Angeles has observed…
Kosmont Companies was recently featured in an article published by the Orange County Register on the subject of their economic development work in the City of Mission Viejo. In order to improve the retail market in the City, Kosmont Companies prepared a report that analyzes the City’s existing retail conditions while identifying opportunities for growth. Kosmont’s…
Kosmont Companies was recently featured in two news articles in connection with their work in the City of Camarillo. One was featured in the Ventura County Star, the other was featured in the Camarillo Acorn. Kosmont Companies was contracted by the City of Camarillo in the Spring of 2015 to aid in the development of…
Los Angeles Business Journal article by Howard Fine posted on Monday, June 29, 2015 – “Business Burdens Heads Up; Firms, Jobs Head Out” For the first time, more than half of Los Angeles County’s cities are considered high cost for taxes and fees on businesses, according to an annual survey being released this week. And…
Kosmont Companies published the first edition of the Cost of Doing Business Survey in 1995. The publication quickly became an important tool for corporations, real estate developers, community planners, and public officials. The Survey is especially useful to businesses making important location or relocation decisions. Claremont McKenna College’s Rose Institute of State & Local Government released the 20th Annual Kosmont-Rose…
California may have found a way to meet its growing infrastructure demand in Senate Bill 628 (Beall) – legislation that will allow local governments to form new Enhanced Infrastructure Financing Districts (EIFDs) that brings back some of the former powers of the state’s abolished redevelopment districts. After supporting SB 628 throughout the year, Larry Kosmont, in partnership…
FEBRUARY 24, 2014 @ 12:05AM Business Examiner Tacoma rates among the most expensive cities to do business in the western United States, according to a study released Feb. 11, while nearby Kent and Federal Way are among the least. The 19th annual Kosmont-Rose Institute Cost of Doing Business Survey Report, released by Claremont McKenna College in Claremont,…
Three bills aimed at reviving local development financing in California are moving through the legislature after Gov. Jerry Brown vetoed similar legislation last year. Larry Kosmont, president and CEO of Kosmont Companies, comments on the state of these bills and supplies his expert opinion. Read the full article here: Redevelopment Bills Head for Governor Jerry…
PRESS RELEASE Contacts: Larry Kosmont, President & CEO, Kosmont Companies, (213) 507-9000 David Huntoon, Fellow, Rose Institute of State and Local Government, (909) 621-8159 For Additional California City Charts (by County) Contact: Matt Goulet @ (818) 274-2206 2013 KOSMONT-ROSE INSTITUTE COST OF DOING BUSINESS SURVEY REPORT RELEASED BY THE ROSE INSTITUTE OF STATE & LOCAL…
City Manager’s Office from Culver City, CA: • Great News on Redevelopment Projects – Major progress has been made in the City’s efforts to complete its remaining projects stemming from the State’s dissolution of redevelopment. These include such projects as the Combined Properties/Hudson Pacific plan for Parcel B, the Washington/National transit oriented development at the…
California Redevelopment Bonds Take Ratings Hit BY KEELEY WEBSTER OCT 31, 2013 1:04pm ET LOS ANGELES — Analysts at Moody’s Investors Service were not persuaded by repeated reassurances from California Department of Finance officials that debt service payments take precedence in the state’s redevelopment agency wind down. More than a year after Moody’s analysts announced in…
Buellton City Council to review ‘Vision Plan’ Economic development, one of the top goals in Buellton’s “Vision Plan,” will be the subject of an upcoming agenda item before the City Council as part of a comprehensive review of the document. Unanimously accepted in February 2012, the plan is the result of the city’s two-year-long “visioning…
P3 Is Smart in Post-RDA Era By Carrie Rossenfeld | San Diego SAN DIEGO-Many in the development community were apprehensive about the ability to complete development transactions after the dissolution of California’s redevelopment agencies, but governing bodies and private developers have been forming successful partnerships to get deals done, according to speakers at ICSC’s Western…
The Bond Buyer’s 23rd Annual California Public Finance Conference September 25-27, 2013 JW Marriott Los Angeles L.A. LIVE | Los Angeles, CA THE ROAD TO STABILITY A rebounding economy, years of difficult cuts, and the voters trusting state leaders with a majority-vote budget and a temporary tax increase have brought California to a balanced budget…
California’s retail aftershock As California dissolves its public redevelopment agencies, some 2,500 properties are set to hit the market. by Anna Robaton A movie theater in downtown San Bernardino, Calif., that reopened this year with help from redevelopment funds. The city filed for federal bankruptcy protection in 2012. A year after the California Supreme Court…
What does the changing face of retail look like today? The dynamic consumer – you and me – want and need experiential, entertaining and technologically filled outings. We listen to iTunes at the same time as texting and surfing the web on our phones for a good deal on a product, while sitting at our…
Health impact and cost-benefit analysis firms selected The Hermosa Beach City Council approved contracts with McDaniel Lambert to conduct a health impact analysis and Kosmont Company to perform a cost-benefit analysis with regard to the E&B oil-drilling project proposal. Both will serve as tools for residents who will vote on whether or not to lift…
By: Madison Amido Members of the City Council recently approved an agreement with Kosmont Companies to provide financial and technical advisory services for South Pasadena’s Downtown Revitalization Project. City Manager Sergio Gonzalez explained during the July 17 meeting that city staff requested technical assistance with the project. “Kosmont services will provide technical advice to the…
On Tuesday, developer CenterCal will present to the Redondo Beach City Council the final — for now — design of a revitalized waterfront. The council will hear from the developer about the project’s big improvements, including a boutique hotel set in front of an expanded beachfront within the existing horseshoe-shaped pier, restaurants, a marketplace hall…
Let Kosmont lead the way with PMP preparation or peer review!
Larry Kosmont was in attendance to watch Eric Garcetti sworn in as the 42nd Mayor of Los Angeles. “These times demand a back-to-basics mayor, focused above all else on our economy and jobs,” Garcetti told those in attendance. We congratulate Eric Garcetti on his election and look forward to working with him to help this…
Posted by Shannon In the coming months, California’s 427 Successor Agencies will need to sell the estimated 5,000-6,000 property assets as part of post-compliance with the requisite dissolution of Redevelopment Agencies mandated by AB 1484. Real estate and economic development advisory firm Kosmont Companies (Kosmont) has formed a partnership with Auction.com to help Successor Agencies…
May 16, 2013 12:30 am • Julian J. Ramos/ With unanimous direction from the Buellton City Council, interim City Manager Marc Bierdzinski will enter contract negotiations with a Los Angeles-based firm to provide economic development services to the city. Kosmont Companies was one of five firms that answered a call for economic development consultants to…
May 10, 2013 6:18 PM MAIN LIBRARY — The Santa Monica Civic Center Auditorium can survive past its planned June closure, but it will have to revolutionize its layout, amenities and management structure if it plans to compete with other entertainment facilities in Los Angeles, a team of policy experts told residents Friday afternoon. Members…
City Manager Newsletter by Trackdown April 2013 Special Edition Dear Reader, With this distribution letter you will find a link to the Special April, 2013 issue of the City Manager Newsletter by Trackdown. This issue features a list of those who serve in California cities that have the name “Frank.” The featured Sponsor for this…
REGIONAL NEWS No Property Fire Sales Anticipated in Next Phase of RDA Dissolution by: Keeley Webster Tuesday, April 16, 2013 LOS ANGELES — The next phase of the California redevelopment agency dissolution process is not likely to be any easier than the previous ones, according to panelists at an event Tuesday in downtown Los Angeles.…
April 10, 2013 By Luke Money, Signal Staff Writer After more than three years of planning and study, Santa Clarita City Council members voted this week to keep the door open on the possibility of a stand-alone conference center, but only if the city can find some way to reduce or offset the cost of…
April 8, 2013 By Luke Money, Signal Staff Writer A proposed plan will be presented at a council meeting on Tuesday night A master plan for a Santa Clarita conference center is set to be presented to City Council members Tuesday night. The plan notes a center could have an annual budget shortfall of $1.1…
Posted 4/5/2013 – 10:02:53 AM REDONDO BEACH, CA—Groundbreaking will be held here April 9 for a 147-room Hilton Garden Inn and a 172-room Residence Inn by Marriott at the corner of Marine Ave. and I-405 East. The $59 million project is estimated to be a 13-month process with both hotels scheduled to open in 2014.…
April 3, 2013 – From the April 2013 issue The dissolution of California’s redevelopment agencies requires the sale of 5000-6000 agency-owned properties between late 2013 and 2015. Larry Kosmont, a former City Manager and current CEO of Kosmont Companies—a real estate, finance, and economic development advisory firm specializing in public-private partnerships—walks TPR through California Redevelopment’s…
By Steve Scauzillo, Staff Writer Updated: 03/18/2013 09:52:38 AM PDT You won’t find the term redevelopment anywhere in Assemblywoman Nora Campos’ bill. Instead, the Silicon Valley legislator is offering cities and counties the next best thing: the powerful tool known as tax increment financing. Under Assembly Bill 690, cities can form “job and infrastructure districts”…
Kosmont Companies, a certified Minority Business Enterprise (MBE), is a development services firm offering a full range of real estate and economic advisory, brokerage, project finance, investment, and planning services for both the public and private sectors. Founded in 1986, Kosmont Companies has become a nationally recognized expert in econoic development and real estate development…
Howard Fine January 28, 2013 Brad Cox knows first-hand how difficult it is dealing with city agencies to purchase property in the city of Los Angeles. As senior managing director of Trammell Crow Co.’s L.A. office, Cox spent years negotiating with the now defunct Community Redevelopment Agency and other city departments to purchase a large…
By Howard Fine Staff Reporter, Los Angeles Business Journal Thursday, January 17th, 2013 Don’t expect any relief in Los Angeles County, where local businesses continue to get nickeled and dimed with new taxes, fees and delays in their dealings with cities. That’s the message from the annual Cost of Doing Business survey to be released…
The Los Angles Business Journal named Agoura Hills among the Top 10 least expensive cities in Los Angeles County for businesses. Based on data collected by Kosmont Companies, a Los Angeles based economic consulting firm, the cost to do business in Agoura Hills is less than more than 300 other cities. The City has no…
BY GAIL WESSON Now is the time for letting developers know about the city’s prime property, so when the economy turns around developers will have San Jacinto in mind. That’s the message Kosmont Companies economic development consultants shared with the San Jacinto City Council at a workshop Thursday, Dec. 20. The council in August…
Hesperia tied with Upland and Chino Hills as one of the least expensive cities in San Bernardino County to do business, according to the 18th annual Kosmont-Rose Institute Cost of Doing Business Survey. Every High Desert city ranked well in the survey, with Adelanto, Apple Valley, Barstow and Victorville considered “low cost” places for businesses…
12/11/12 Reno is among the 20 least-expensive cities in the West to do business, finds a study by the Kosmont-Rose Institute of Claremont, Calif. (It doesn’t provide rank-order listings, but merely groups cities.) The study tracks tax rates and business fees and says that the list of most-expensive cities in the region includes Phoenix, Denver,…
CLAREMONT, Calif. Claremont McKenna College’s Rose Institute of State & Local Government today released the 18th annual Kosmont-Rose Institute Cost of Doing Business Survey. The Rose Institute with Los Angeles-based Kosmont Companies gathers data on business fees and a variety of tax rates from 305 selected cities. After 17 years of nationwide coverage, the Survey…
Mon, 11/26/2012 | Allison Pari Residents are invited to join the City of Santa Clarita and Kosmont Companies for another community meeting regarding the proposed Conference Center in Santa Clarita. The meeting will take place on Wednesday, December 5 from 6 to 8 p.m. in Activity Center banquet rooms at the Sports Complex and act…
Los Angeles hopes voters will extend tax-hike tolerance into 2013 By Rick Orlov dailybreeze.com Posted: 11/21/2012 California has apparently decided 2012 will be the Year of the Tax Increase. On Nov. 6, Californians passed Proposition 30, which increased the state sales tax by a quarter percent for four years to help cover the state deficit…
Brownfield Site Put in the Clear DEVELOPMENT: Plan for shopping center takes root. JACQUELYN RYAN Monday, November 12, 2012 After 15 years of delays and litigation, Regency Centers Corp. is preparing to break ground on what was once considered one of the most contentious development sites in Los Angeles County. The Jacksonville, Fla.-based shopping center…
Saving Redevelopment One Project at a Time By Bill Fulton on 23 October 2012 Last week, in my Insight column available to CP&DR subscribers, I suggested that there were two possible reasons Gov. Brown vetoed SB 1156 and the other redevelopment bills. First, there’s still bad blood between him and the cities. And second, he…
Glendale Redevelopment Agency drives nearly half of city’s FY12 USD 15m deficit – New Coverage October 9, 2012 by Maryellen Tighe Glendale reported a USD 15m shortfall for FY12, following a USD 18m shortfall in FY11, nearly half of which was from missed payments by the former Glendale Redevelopment Agency(RDA), said Philip Lanzafame, chief assistant…
Melanie C. Johnson The city has hired consulting firm Kosmont Companies to help Walnut come up with ways to lure more businesses. While Walnut has an average household income of $114,000 annually, the city is losing potential sales tax revenue that could be spent in town to neighboring communities with more retail. That was the…
By Jack Barnwell As city staff prepare a proposed contract to present to the city council as a possible agenda item, the importance of retaining consultant group Kosmont Companies looms in the background. The Los Angeles-based firm was selected by the city back in 2011 to prepare a report identify the city’s sales tax…
by Andrew Asch Since 1961, Fred Segal has pioneered high-end boutique retail in Southern California, but the retailer’s self-named Fred Segal Inc. is closing a chapter in its colorful history. In a low-profile deal, half of Fred Segal’s popular compound in Santa Monica, Calif., was sold for $41.2 million to DK Broadway LLC. DK Broadway…
By Jack Barnwell Thursday’s Community Development Committee (CDC), moved forward with an approval to bring a new consultant contract before a full council meeting and an update on the city’s effort to streamline portions of the city municipal code dealing with development. Council member Steve Morgan, a CDC member, was not present. Economic Development…
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