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Real Estate/Development

Feb. 10, 2004

New Construction Proves Strength of Orange County's Apartment Market

BY JULIE NAKASHIMA CREJ Staff Writer Notwithstanding some softness at the upper end of the market, apartments continued to be among the strongest commercial real estate types in Orange County last year. Given Southern California's daunting housing affordability problem, experts predict another bright year for area apartments in 2004.

BY JULIE NAKASHIMA
CREJ Staff Writer

Notwithstanding some softness at the upper end of the market, apartments continued to be among the strongest commercial real estate types in Orange County last year. Given Southern California's daunting housing affordability problem, experts predict another bright year for area apartments in 2004.

"We've had a fantastic year, and we think next year should be more of the same," said Ken Morgan, a principal in Newport...

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