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LOS ANGELES—Oil/gasoline prices have risen sharply over the past several months, and with no end in sight to the political turmoil in the Middle East, the upward trend is likely to continue. So says the 2012 Casden Multifamily Forecast from the University of Southern California Lusk Center for Real Estate. But that should bode well for “multifamily product closer to the economic centers of Southern California,” says USC Casden Forecast author Tracey Seslen.

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