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Filling All those Beds

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The rental coverage madness continues: The AP tours the new Sunset Vine Tower in Hollywood--10 percent* of the 63 apartments are said to be rented--and reports on luxury apartment trends both nationwide and locally. "Some signs began to emerge in the last three months of 2009 that vacancies have begun to stabilize, said Hessam Nadji, managing director of Marcus & Millichap Real Estate Investment Services. Still, a turnaround isn't likely to pick up steam before next year. 'We're not in an economic recovery yet, particularly in the L.A. market,' Nadji said." [AP] Updated with correct figure