LOS ANGELES—It probably won't come as a surprise that the multifamily product delivered in Los Angeles is very different than the product in Chicago. At RealShare Apartments, we sat down with Kevin Farrell, SVP of Century West Partners and president and CEO of Fifield Realty, to discuss the differences between development in the Chicago and Los Angeles markets.
Parking requirements and building height are the biggest differences, and Farrell says that in Los Angeles they are building “a very different product type. While there are many differences, Farrell says that all the new developments have robust amenity packages, which is the biggest commonality between the markets.
During the interview we discuss the firm's current projects, where we are in the development cycle, what is driving demand in multifamily and what developers breaking ground today expect from the market in two to three years. Press play to hear more.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Kelsi Maree Borland
