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In 2018, a record number of apartment units came to market, but, despite the new supply, strong demand kept vacancy rates low and fueled more rental rate growth.
AECOM and Canyon Partners have formed a joint venture to focus on build-to-core assets, saying the asset class is among the best investment opportunities in today's market.
The number of rental households earning six-figures or more in Los Angeles has increased 33%, showing that a large amount of high-income earners are choosing to rent rather than buy.
A Glendale-based tech firm is expanding from a 40-person workforce to a 400-person workforce, and it is adopting an open office plan to accommodate the growth.