LOS ANGELES—The economic recovery has lacked wage growth, according to Rick Chichester, president and CEO of Faris Lee Investments. In this exclusive video interview, Chichester talks about the economic recovery, explaining:

-       How the economy is performing compared with this time last year

-       His 2015 economic forecast

-       The weaknesses in the economy

-       A snapshot of the Southern California retail market

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.