Adam O'Neill, developer at Specific Urban Builders, discusses why real estate investors avoid ground-up development and complex entitlement processes in California cities.
“I believe that you and most people involved in real estate investments whether it's office storage, multifamily across all the spectrums of the different investment vehicles, they're fearful of the entitlements and especially fearful in the state of California. And then within specific cities within California, like Los Angeles, Santa Monica, West Hollywood, you know, and the like.”
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