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High Cost of Developing Rental Units in Los Angeles
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Apr 22, 2005
High Cost of Developing Rental Units in Los Angeles
A Los Angeles Business Journal article from this week’s issue spotlights the high cost to developers of building rental units in the Los Angeles area, and how developers are finding that the math is not adding up for their rental returns vs. the costs of building. The trend is that developers are favoring building condos much more than rental units, causing a further crunch in the already-tight rental market. Stuart Gabriel, Director and Lusk Chair in Real Estate at the USC Lusk Center for Real Estate, Alan Kingston, President and CEO of Century Housing, an affordable housing lender, and Greg Vilkin, President of Residential Development for Forest City Enterprises, join Larry to discuss the issue.

A Los Angeles Business Journal article from this week’s issue spotlights the high cost to developers of building rental units in the Los Angeles area, and how developers are finding that the math is not adding up for their rental returns vs. the costs of building. The trend is that developers are favoring building condos much more than rental units, causing a further crunch in the already-tight rental market. Stuart Gabriel, Director and Lusk Chair in Real Estate at the USC Lusk Center for Real Estate, Alan Kingston, President and CEO of Century Housing, an affordable housing lender, and Greg Vilkin, President of Residential Development for Forest City Enterprises, join Larry to discuss the issue.

A Los Angeles Business Journal article from this week’s issue spotlights the high cost to developers of building rental units in the Los Angeles area, and how developers are finding that the math is not adding up for their rental returns vs. the costs of building. The trend is that developers are favoring building condos much more than rental units, causing a further crunch in the already-tight rental market. Stuart Gabriel, Director and Lusk Chair in Real Estate at the USC Lusk Center for Real Estate, Alan Kingston, President and CEO of Century Housing, an affordable housing lender, and Greg Vilkin, President of Residential Development for Forest City Enterprises, join Larry to discuss the issue.

Credits
Host, AirTalk
Host, Morning Edition, AirTalk Friday, The L.A. Report Morning Edition
Senior Producer, AirTalk with Larry Mantle
Producer, AirTalk with Larry Mantle
Producer, AirTalk with Larry Mantle
Associate Producer, AirTalk & FilmWeek
Associate Producer, AirTalk
Associate Producer (On-Call), AirTalk
Apprentice News Clerk, FilmWeek