San Gabriel Valley has brightest office outlook; Ontario’s airport district leads the industrial sector; Orange County’s recovery will be muted.
Suggestions include joint ventures with government agencies and building new schools, hospitals, senior housing and facilities for immigrant-owned businesses.
The State of the Real Estate Industry: Orange County and the Nation
- Average monthly rents expected to increase by about 12%
LOS ANGELES (Business Wire) – The Los Angeles region’s apartment dwellers could face more rent hikes in coming months, with little relief in sight. Average monthly apartment rents in Los Angeles County, Orange County and the Inland Empire are expected to increase from 8 percent to 15 percent through the third quarter of 2004, according to the Casden Real Estate Economics Forecast released today by the USC Lusk Center for Real Estate (www.usc.edu/lusk).
Housing could become more affordable, but buyers might stay out of market
NEWPORT BEACH, Calif. (Business Wire) If a U.S.-led invasion of Iraq turns into a protracted conflict, consumer confidence could plunge and stock prices could fall, tipping the U.S. economy into a recession and sending commercial-property markets into a deeper slump.
History could repeat itself, warned Stuart Gabriel, Ph.D., director of the USC Lusk Center for Real Estatecolor>.
Most L.A. County infrastructure, built more than 50 years ago for a much smaller population, is in decline. In a new ‘scorecard,’ The American Society of Civil Engineers assesses the state of Southland systems – from roadways to wastewater – and recommend
LOS ANGELES - A team of five graduate students affiliated with the USC Lusk Center for Real Estate scored a triumphant three-peat over rival UCLA last night in the sixth annual NAIOP SoCal USC/UCLA Real Estate Cople crowded into Union Station to watch a panel of 18 real estate industry leaders award the coveted Silver Shovel to the USC team for the third year in a row.
LOS ANGELES – The nation’s only comprehensive, minority real estate development training program aimed at revitalizing inner-city neighborhoods plans to use a gift from University of Southern California Lusk Center Chairman Stan Ross and his wife Marilyn to offer more programs and expand nationwide.
LOS ANGELES -- Mexico will have to move quickly in developing a strong housing finance system if it is to meet President Fox’s ambitious goal of doubling the country’s housing production by 2006, according to a report recently published in Mortgage Banking magazine.
“Mexico is making progress in creating the infrastructure to make affordable mortgage credit available to its growing middle class,” said report co-author David Dale-Johnson, Ph.D. of the University of Southern California Lusk Center for Real Estate (www.usc.edu/lusk).
Los Angeles – Lured by attractive returns and more transparent reporting, opportunity funds, pension funds and insurance firms will increase their investments in real estate the second half of 2003, targeting equity plays and mezzanine debt, according to Stan Ross, chairman of the board of the University of Southern California Lusk Center for Real Estate (www.usc.edu/lusk).
“While foreign investment in U.S.