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Apartment rent increases on the decline; 209-unit Echo Park apartment project moving ahead; where did the Atwater Village Farmers market go?

Rents:  The pace of L.A. apartment rent increases will continue to slow this year as developers build thousands of new units, according to a real estate company forecast. The average rent across the county is expected to rise 2.9% this year — slightly below 2017 and sharply lower than the 6% increase in 2015, said CoStar. One UCLA real estate professor says that the average rent might even remain flat or fall next year. “At some point something has to give,” said Eric Sussman.  Curbed L.A.

Development: After a lengthy delay, the developer of a 204-unit apartment complex at Sunset and Everett has filed its final environmental impact report. There’s not much new in the final report on the development, which has been opposed by residents concerned about its size and impact on traffic. No word yet as to when developer Aragon Properties will start construction on the project, which will include ground-floor retail and other commercial space. UrbanizeLA

Market: The weekly Atwater Village Farmers Market is moving to a new location starting this Sunday, Jan. 7.  The market, which had for years operated in the Wells Fargo parking lot, is moving across the street to the public parking lot at 3528 Larga Avenue near Glendale Boulevard.

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