After surging 11.4 percent over the past 12 months, the median national rent for a one-bedroom apartment rose just 0.5 percent in June, according to data from rental marketplace Zumper.
The Grand LA will include a 28-floor Conrad hotel and a 45-story apartment tower that will open this summer. The retail section will debut in 2023.
Multifamily and industrial continue to be in demand among commercial real estate investors, in spite of the new challenges. But the investment environment is changing and with it the calculus for which assets to invest in.