Century City-based Universe Holdings is among the owners and developers of multifamily housing seeking business outside of Los Angeles, citing a difficult legislative environment including Measure ULA as a reason.
Universe Shells out $66M for Tampa Bay Apartments therealdeal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from therealdeal.com Daily Mail and Mail on Sunday newspapers.
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.