Los Angeles needs 100,000 apartment units in the next five years to meet demand, fueling strong development fundamentals.

The benefits agreement for 10 National Medford LLC, whose managing member is Jeffrey Feil, assisted the $30-million purchase and leaseback of Intercounty's facilities at 10 National Blvd., which total 250,000 square feet and sit on almost 30 acres.

Pike & Rose is the only LEED ND Stage 3 certified project owned and developed by a US REIT and one of only 10 LEED ND Stage 3-certified projects in the nation as well as only the 18th worldwide.