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In its first California investment, RHP Properties buys the 421-site manufactured home community in El Monte because of L.A's affordable housing crisis.
At the annual Pulse of the Port conference, economist Mario Moreno subsided talk of a potential trade war between China and the US and estimated record trade growth from China in 2018.
A judgment has been reached on a shopping center acquisition from dating back to the financial crisis where a developer knowingly withheld vital information to push the sale forward.
Arthur Arejian of Vanguard Investments says an large vintage stock of apartments, no rent control and rent growth averaging 4% a year makes Glendale a prime market for value-add deals.
While all of the stats show a growing city center in downtown, the recent biennial survey reveals that residents are concerned about the homeless population in the city.