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Deconstruct

The Closing With CBRE's LA Head Lew Horne

Apr 15, 2024
35:51
Snipd AI
CBRE's LA Head Lew Horne discusses barriers in the LA real estate market like a stagnant office market, new transfer taxes, and bureaucratic permitting processes. He emphasizes the need to regain trust in the development community and not restrict what they build.
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Podcast summary created with Snipd AI

Quick takeaways

  • Addressing development barriers by regaining trust and removing restrictions on builders.
  • Adapting to market changes post-COVID with a focus on attracting tenants and price resets.

Deep dives

Critique of ULI (Underdevelopment of Los Angeles)

The speaker criticizes the ULI, describing it as misguided and misrepresented, particularly objecting to the notion that it was labeled a mansion tax targeting wealthy homeowners selling high-priced homes. The speaker believes this tax has hindered development efforts in Los Angeles and should be repealed due to its negative impact on the housing market.

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