Even with the current economy, Orange County apartment values have remained high.  Why not?  It’s a beautiful place to live, unending coast line, the ocean, sunshine, the luxury lifestyle.  What’s not to love?  For buyers looking for opportunity, acquiring distressed multifamily assets at bargain prices may well be in the investment waters of Orange County.  The cities of Irvine and Anaheim continue to be the hottest areas for development, due largely to the strong local economy and job growth of these cities.

There are many recently completed developments, one, the  3000 The Plaza features two 15-story high-rise condo towers, comprises of gracious residences.  Another, the Center Street Promenade in downtown Anaheim,  which features an urban environment with a mixed-use including 276 loft-style apartments, 129 condos, retail and office space.

To read more, see http://www.multifamilyexecutive.com/industry-news.asp?sectionID=540&articleID=837411

Please contact me at Pete@ConsultPete.com or 925-719-3569 if I can be of assistance. To learn more about my background, visit Consult Pete. To learn more about my company strategy, visit Commercial MasterMinds.