Compared to neighboring San Fernando and Santa Clarita valleys, the Antelope Valley has historically lagged as a commercial real estate market, a trend continues through this year for industrial and retail
 properties.

But for multifamily, the Antelope Valley has emerged as a homebuying haven for those in the Valley or elsewhere in metro L.A. eager to buy or rent affordable housing. A big-money multifamily purchase and other groundbreaking underline the importance of housing for the market.

No doubt the splashiest real estate deal of the year thus far in Lancaster — and all of Antelope Valley — unfolded in February, when Blackstone Group sold a portfolio of two apartment buildings for $145 million. Cordova Park Apartments at 43530 Gadsden Ave. has 416 units, and the Sierra Heights at 43519 Kirkland Ave. has 314. 

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