Real Estate/Development
Feb. 10, 2004
Sacramento's Apartment Construction Boom Expected to Fade; Prevailing Wage Law Blamed
BY OLIVIA LOY CREJ Staff Writer Here today. Gone tomorrow. That's the scenario - boiled down a bit - for new Sacramento region multifamily product in 2004. Thousands of new units will open throughout the region this year, but gradually the high construction output will slow to a trickle.
BY OLIVIA LOY
CREJ Staff Writer
Here today. Gone tomorrow. That's the scenario - boiled down a bit - for new Sacramento region multifamily product in 2004. Thousands of new units will open throughout the region this year, but gradually the high construction output will slow to a trickle.
One reason: SB975, otherwise known as the prevailing wage law. The legislation was approved more than a year ago, but its weight on the real estate industry is just be...
CREJ Staff Writer
Here today. Gone tomorrow. That's the scenario - boiled down a bit - for new Sacramento region multifamily product in 2004. Thousands of new units will open throughout the region this year, but gradually the high construction output will slow to a trickle.
One reason: SB975, otherwise known as the prevailing wage law. The legislation was approved more than a year ago, but its weight on the real estate industry is just be...
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