(Mark Your Calendars: RealShareApartments 2011, October 20 in Los Angeles).

SAN FRANCISCO-While the press corps clamored to see ifGovernor Edmund J. Brown Jr. would drop anybombshells about California’s budget crisis during his keynoteaddress at PCBC in San Francisco last Thursday,they overlooked one positive economic driver fueling the state’seconomy: the multifamily industry.

Multifamily fundamentals are expected to remain positive in thenext five, seven years, even 10 years from now, said MarkObrinsky, vice president of the National Multihousing Council, during a morning panel at the MosconeCenter in downtown San Francisco. Apartment starts and completionsare increasing nationwide, with a significant amount of newdevelopment occurring in major primary metros like Los Angeles.Immigrants will fuel additional renter demand in California as thatpopulation increases.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.