NEWPORT BEACH, CA-The number of housing-permitrequests in Orange County has swelled considerably since 2010.According to locally based firmHendricks-Berkadia, multifamilypermit requests have increased by 197.8% since 2010, andsingle-family permit requests have followed asimilar trajectory.

However, multifamily deliveries for 2013 are not predicted tosurpass those of 2012. Dean Zander,Hendricks-Berkadia's senior partner and director of itsinstitutional group, tells GlobeSt.com, “The decrease in 2013deliveries is just the effects of a brief lull amongdevelopment of some largeapartment product. In 2013, Huntington Beach willlead deliveries of major apartment developments with 470 units,followed by Fullerton (350 units) and Irvine (335 units). Nextyear, however, Irvine will take the lead again thanks to the mega1,750-unit Los Olivos Apartment Village. Irvinesupply will grow by 2,020 units next year.”

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Carrie Rossenfeld

Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.