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Experts Review Risks of the New 'Downtown'

LOS ANGELES—Panelists at RealShare Apartments last week talk downtown versus suburban risk, redevelopment versus new construction, and how the definition of Downtown is shifting.

By Natalie Dolce | Updated on October 27, 2015

LOS ANGELES—“In a Downtown multifamily deal, the risk is totally different.” That was according to Douglas Eisner, co-founder and managing director of the Calida Group, who spoke on a panel titled: “The New Downtown: Thinking Beyond Multifamily” here last week at RealShare Apartments. “When you are looking at the downtown deals, you really have to look at other risks,” he said. “You have to look at the lead times, the speed to market etc. You have to mitigate other risks to accommodate the downtown risks.”

When asked about redevelopment versus new construction, Eisner said that the speed to market is much easier. “You have the ability to test units right away. If you are doing adaptive reuse, you are trading speed and visibility, but you are adding other types of construction that are harder to quantify.”

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