Market Commentary
The LA Cost Ceiling Didn't Break. It Just Moved.
Hard-cost inflation in multifamily has not reverted. It has rotated — from lumber and metals into labor, soft costs, and the slow tax of municipal delay.
Market Commentary
Hard-cost inflation in multifamily has not reverted. It has rotated — from lumber and metals into labor, soft costs, and the slow tax of municipal delay.
Market Commentary
The case for durable rent growth in rent-stabilized pre-1978 product — and why the cap-rate number is the wrong lens for evaluating Westside multifamily.