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
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....