Quote:
Originally Posted by citywatch
[/b]Because of all the problems in the mortgage industry, & the constant news of home prices falling, I have a hunch that only 2 projs may actually break ground over the next 6 to, even worse, 12 months: LA Central & Grand Ave.
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If these two major projects start in the next 6 months given the state of the housing market, we’ll be lucky (remember, that’s 4 towers in these two projects). I hope every other development doesn’t wait for a turnaround in the market to start building. It takes these towers a couple years before actual occupancy. That should give the market time to swing back.
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