Shafer: “Huntington Beach is one of the most desirable and highest-demand areas for buyers, and some of the most profitable and best-performing apartment submarkets for owners.”multifamilyBerkadiaShane ShaferPeterHauserrecently reportedthe two negotiated thesaleArtisan Apartments15555 Huntington VillageLaneKennedy WilsonDominoRealty Management Co. Inc.GlobeSt.com: How wouldyou characterize the multifamily market in Huntington Beachcompared to the surrounding areas of Orange County?Shafer:apartmentGlobeSt.com: What arethe drivers behind this submarket's strength? Hauser: “The average annual income of more than $108,000 is one of the highest in Orange County.”Shafer:Hauser:technologytourismmanufacturinghomeownershiphousingGlobeSt.com:Do you anticipatelarger multifamily sales in this market in the near future?Shafer:investmentGlobeSt.com: What else should ourreaders know about the Huntington Beach multifamily market?Hauser:Bella Terra MallPacific Citydevelopmenthotelretailofficemixed-use residentialVillage at Bella Terra, Huntington Beach Lofts,Boardwalk, ElanBeach & Oceanrestaurant

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Carrie Rossenfeld

Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.

Globe Street

Just another ALM site