Mike Rovner

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LOS ANGELES—Developers and contractors used to have something a combative relationship but that has changed, especially in the multifamily space, according to Mike Rovner, president and founder of Mike Rovner Construction, which works mostly on apartments. Collaboration, now, has become the hallmark of this relationship and to great effect, he says.

That is one example of a challenge that used to bedevil multifamily construction. These firms now "see the advantage of working together and obtaining multiple opportunities together," he tells GlobeSt.com.

Apartment construction is booming, especially in the state of California, but that doesn't mean the industry doesn't have its challenges, such as onerous regulations and the problem of retaining subcontractors.