Westside L.A. Conference Recap: Millennials, Tech-Tainment, Patient Capital & Recession

Connect CRE News (December 5, 2019) Connect Westside Los Angeles was held yesterday and drew a crowd of more than 250 real estate professionals to hear from a mix of CRE leaders who discussed the biggest Westside market trends, deals and growth opportunities. The event kicked off with a 2020 forecast by CBRE’s Spencer Levy, and included panels on development, financing and the Westside market overview. Construction Town: New Projects, TOD Development, Construction Costs and More on the Westside: Speakers included AECOM Capital’s Ted Fentin, Artisan Realty Advisors’ Mark Laderman, Lowe’s Marty Caverly, Hackman Capital Partner’s Mike Racine and Allen Matkins’ Spencer B. Kallick. Panelists agreed development in Los Angeles requires an approach that includes patient capital, flexibility and underwriting contingencies that may arise. AECOM’s Ted Fentin said “The process is lengthy even when you have entitlements in place.” He added development in L.A. “requires a long-term vision,” especially for “big complicated projects.” Read More