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The apartment supply in Glendale has grown 10% in the last few years, but even as the biggest project yet, Next on Lex, is delivering, absorption and rents remain strong.
Apartment rent growth has tempered in Los Angeles, but older apartment buildings are seeing strong rent growth as demand for luxury properties softens.
Student housing is generally more resilient than multifamily in a downturn, and the current tight supply of student housing in Los Angeles is putting upward pressure on rents.
The Apartment Association of Greater L.A., which has been actively campaigning against Prop 10, says that a hidden detail will place litigation costs on taxpayers.
A new mortgage company Max Benjamin Partners is promising to disrupt the “archaic” commercial lending market, bringing technology and a new model to the market.
Macerich of Santa Monica, CA and Indianapolis-based Simon in a 50-50 joint venture will co-develop and jointly lease the new outlet center that is designed to open with 400,000 square feet, followed by an additional 166,000 square feet in its second phase.