News: Southern California
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The California Apartment Association’s first Greater Bay Area Rental Housing Reverse Trade Show came to Oakland this month, earning positive reviews.
Over 150 representatives from 10 of the Bay Area’s leading property management companies met with more than 50 industry partners.
The event, held Sept. 10 at the Scottish Rite Center, started with a networking lunch that segued into scheduled 10-minute meetings.
In a role reversal compared with a traditional trade show, the management companies were the exhibitors, and the industry partners were the attendees, getting valuable face time with prospective customers.
In light of the positive feedback, CAA plans… Read More
Tagged: News Tri-County
SACRAMENTO – Assemblyman Mike Gatto joined the California Apartment Association for dinner Wednesday, Oct. 23, before making a presentation on his political philosophy, the 2013 legislative session and what to expect next year.
Gatto, D-Burbank, spoke for about a half-hour during the dinner, held at Mulvaney’s B&L in Midtown on the eve of the CAA Board of Directors Meeting.
An apartment owner himself in Southern California, Gatto shared one litmus test he uses to evaluate legislation.
“If there’s ever a bill that really, really hurts one person, chances are it’s not a good piece of legislation,” he said.
Gatto also… Read More
Among large metros, Oakland nabbed the No. 1 position on the list of the country’s annual rent growth-leaders as of the third quarter, according to MPF Research.
Pricing for new leases in Oakland grew 7.9 percent during the past year.
While San Francisco ceded the top spot to Oakland, pricing power remained strong with rates up 6.6 percent annually. Rents climbed 5.9 percent in San Jose, according to MPF.
Other strong performers in rent growth included the Southern California trio of Orange County, San Diego and Los Angeles, which just missed MPF’s top-10 list.
“Improving performances in Southern California are… Read More