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Glendale is quickly becoming the crown of the Tri-Cities submarket, seeing increasing investment activity, particularly in the multifamily sector. All three of the submarkets that make up the Tri-Cities—which includes Burbank, Pasadena and Glendale—are emerging as live-work-play environments, but Glendale has seen tremendous new multifamily construction, value-add investment and rising apartment rents, as well as office and retail growth. Champion Real Estate Co. has made a string of new investments in Glendale, including the recent acquisition of a 36-unit community located at 348 W. Chevy Chase Drive  and a 26-unit community located at 1119-1123 E. Elk Avenue, and the investor is bullish on the future growth in the market.

Kelsi Maree Borland

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