In 2016, permits for apartments in Orange County were requested at over double the rate they were in 2015. The article goes on to highlight some of the larger apartment projects in the area.
The Force Is With L.A: Exposition Park Tapped as Home to $1 Billion George Lucas Museum
Los Angeles has been selected over San Francisco and Chicago as the city to host George Lucas’ $1 billion, 275,000-square-foot museum. The project is expected to create thousands of jobs, both in construction and permanently.
Industrial Overtakes Multifamily as Foreign Investors’ Most Preferred Asset Type
Despite the headline, the articles presents a wide overview of foreign investor’s feelings on American commercial real estate. New York and Los Angeles top the list of favorite cities to invest in. Overseas investors are more pessimistic about the future than they were in 2015. And industrial property overtakes Multifamily as their preferred property type.