Multifamily

Orange County apartment rents have increased 3.2%, while Inland Empire rents are up 4.1%.

Alexandria was selected by Seattle to develop an approximately 800,000 rentable-square-foot mixed-use innovation campus, and the firm will include $5 million toward initiatives to address homelessness.

Locally-based developer Bijou Properties and partner Intercontinental Real Estate Corp. of Boston, who previously teamed up for the development and successful lease-up of Vine at 900 Monroe Street, recently announced the marketing campaign for 7 Seventy House, which also includes approximately 25,000 square feet of ground floor retail space.

Demand for the oceanfront homes has remained strong throughout construction, and closings are now underway, DDG reports.

The region will deliver more than 14,000 new apartment units this year, a 16% decrease over 2018.

Last year, Amazon, ULTA Beauty and The Gap completed or announced large e-commerce fulfillment center projects in Fresno representing a $410 million total investment projected to add 3,657 new jobs.