About Our Columnist

Natalie Dolce

Natalie Dolce, national executive editor of GlobeSt.com, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, Natalie was Northeast bureau chief, covering New York City for GlobeSt. Dolce's background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, Co-Ed magazine and the Daily Orange newspaper. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.

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Developers who are just now deciding to build multifamily in Southern California will find themselves entering a very competitive market. According to real estate research firm Reis, Inc., in just Los Angeles alone there are over 6,500 units in various stages of development, most due to complete this year and next, including CLG's $35-million apartment community located at 7928 Hollywood Blvd., which is due to be delivered in 2013. Similar activity is being seen in the comparatively smaller Orange County market, where over 2,200 units are in development, most due to complete this year. Ventura County may offer the best option for additional multifamily development. Only two multifamily projects totaling 350 units are currently under construction--both slated for completion next year. However, many more are planned for this boutique-sized multifamily market in the coming years. So those considering building here should get the process rolling soon.

For more apartment, retail, and office property insights in 200 metro areas and 1,800 submarkets/neighborhoods nationwide, go to ReisReports.com.

Connie Vitucci
ReisReports.com
Posted by CVitucci | Tuesday, June 26 2012 at 12:41PM ET