More than 4,000 new apartments are forecast to hit the Los Angeles market this quarter, according to CoStar Group Inc.
Developers will set their sights on immigrant neighborhoods, where land is cheaper.
Apartment projects are becoming more expensive to build, straining development budgets.
Some are watching fast-growing secondary markets closely to see how they absorb the new apartments now under construction.
As fracking upended the oil industry by giving new life to old fields, so the driverless future offers to free up whole new neighborhoods.
The new building plan is for 5.1 million more sq. ft. A little more than half of it will be in a single complex with about the total square footage of the Empire State Building.
Wanda is seeking buyers for a hotel, office and apartment complex in Chicago and a development in Beverly Hills, Calif.
Katerra’s goal is to help build construction projects faster and at lower costs by controlling all aspects of the process from design through construction.
Commercial real estate pros remain bullish on the outlook for the industrial space.