Seven-story building now under construction at 5th Street and Kenmore Avenue.
Los Angeles-based Canfield Development nears completion on the seven-story building.
The multifamily sector is still going strong and rent growth is accelerating, but developers should still exercise caution, say speakers at last week’s RealShare Los Angeles’ ‘Multifamily Momentum’ panel.
Canfield Development buys three adjacent lots that total 28,000 square feet in the highly sought-after Koreatown market with plans to redevelop the properties.
