Apartment Agony

Mueller, Mark
May 2009
Orange County Business Journal;5/11/2009, Vol. 32 Issue 19, p34
The article reports on the tormented condition of apartment business in Orange County, California in 2009. Casden Real Estate Economics reveals the projected tough start of the year for apartment owners and investors, considering that rentals decline at nearly 2% to around $1,500 per month. Specifically, the industry are determined to drop its rates and offer bigger deals to strike leases. In addition, other local based apartments were into bankruptcy.


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