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Greg Alexanian Greg Alexanian is an SVP at Alexanian Apartment Advisors.

LOS ANGELES—The Burbank-Glendale market—excluding Pasadena, which is typically lumped in to create the Tri-Cities market—is booming for multifamily investors. The market has all of the makings of a great investment market: high-demand, limited supply, great job markets (Disney and Dreamworks both have huge campuses here, not to mention other major studios) and rising rents. In fact, it shares many commonalities with Santa Monica, which is known for being one of the highest barrier-to-entry markets in Southern California, with one major bonus: it has no rent control. Greg Alexanian, SVP at Alexanian Apartment Advisors, has brokered countless deals in the market, including the recent sale of a seven-property portfolio for $32 million. We sat down with him for an exclusive interview to get some expert insight into the market.

GlobeSt.com: Why have Glendale and Burbank become high barrier markets?

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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