A brief Q&A this morning with Land Advisors’ Urban Infill Marketing Consultant, Tim Barden, revealed the following:

• Demand for multi-family apartment sites in and around the L.A. Basin is WAY up!
• Hottest selling areas include Hollywood, Pasadena, L.A.’s Westside, and the South San Fernando Valley
• Existing Class A apartment buildings are selling at record low cap rates
• Every multi-family developer seems to be trying to get a piece of the action
• Commentary: With talk of another economic “double-dip,” is multi-family experiencing the same micro-bubble that was seen after the fall of the housing market in ’06/’07?

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