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Could the multifamily construction activity in Glendale derail the market’s growth? For the last three years, Glendale has seen tremendous investment activity and a growing construction pipeline, among the largest in the Greater L.A. area. The new supply could pose a challenge for investors, especially value-add players banking on rent growth. However, Parker Champion of Champion Real Estate Co., says that the new development is a sign of the tremendous demand for housing in the market.

“New construction activity is always both a pro and a con,” Campion, an EVP at Champion Real Estate Co., tells GlobeSt.com. “New construction is a pro because it illustrates the explicit desirability of the market, which is why a developer has decided to put significant capital at risk.”

Kelsi Maree Borland

Kelsi Borland is a freelance writer and editor living whose work has appeared in such publications as Travel + Leisure, Angeleno and Riviera Orange County.

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