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While it’s no secret that downtown is struggling, characterized by high vacancy rates and overall low levels of activity, there seems to be a strong sense of optimism among many market experts, with some believing the neighborhood is on the brink of a major revitalization.
During the first half of the year multifamily properties in Southern California saw both vacancy and asking rents rise. Still, developers were active, with tens of thousands of units under construction in the region, according to a report from Northmarq. This Special Report talks to 12 multifamily experts, including both developers and brokers, about the state of L.A.’s multifamily market.
Wayne Ratkovich, a native Angeleno and the iconic real estate developer behind The Ratkovich Co., died on Sept. 24. He was 82.
The businessman is credited with saving historic landmarks throughout Los Angeles, including The Wiltern and the Oviatt Building
The Builder’s Remedy is becoming more popular, and cities aren’t happy about that. Learn why.