Orange County

While no regulation is the preference, AB1482 is likely to have little impact on apartment investment trends in Southern California.

A 121,883-square-foot portion of the master planned community has sold between two private buyers for $22 million.

Thanks to a recent SCOTUS decision, landowners can now bring cases against local agencies in federal court, and a new suit against the Riverside Transportation Authority is among the first.

Orange County apartment rents have increased 3.2%, while Inland Empire rents are up 4.1%.

The region will deliver more than 14,000 new apartment units this year, a 16% decrease over 2018.

Net absorption of data center facilities is up 38% for the first half of the year in Southern California.

The California Association of Realtors issued a statement from president Jared Martin, saying it is disappointed by the passage of the bill, which moves California toward statewide rent control.

Assembly members voted 46-22 to limit annual rent increases at 5% plus inflation until 2030 but would not apply to housing built in the last 15 years, single-family homes not owned by corporations/trusts and duplexes where the owner lives in one unit.