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Multifamily investors are intrigued by secondary and tertiary markets due to limited competition, lack of new construction and potential for value creation, and as a result, can be acquired at well below replacement cost.
Although many were not so lucky, Buchanan Street Partners and Boxer Property report that office assets did not sustain any flood damage and give high praise to property management teams for heroic efforts.
The new crop of three-story residences going up in Newport Beach, Newport Mesa and Western Costa Mesa is capitalizing on the drive for density, sustainability and more efficient use of living space, MBK's Rick Fletcher tells GlobeSt.com.