Developers Biggest Concern: Regulations

LOS ANGELES—Regulations are still the biggest concern from developers, according to experts on the Development in Los Angeles County: Where are the New Opportunities for Each Sector panel at RealShare Los Angeles this week. Kevin Farrell, president of Fifield Realty Corp.; Dan Gura, director of business development at MVE Partners; Jerold Neuman, partner of land use and development at Liner LLP; Kitty Wallace, EVP at Colliers International; and panel moderator Sharon Carz, senior advisor at Sperry Van Ness, said that despite voters striking Measure S at the ballot box earlier this year, developers are still concerned about potential regulations and the effects of Measure JJJ, which passed earlier this year.

“Measure S was going to bring everyone to hault,” said Wallace, adding that it did bring attention to the city’s outdated maps, which are from World War II. With Measure JJJ, developers are still at risk for extra restrictions and regulations. “If you play by the rules, you are in great shape, but if you want any changes at all—a foot, anything—you now have to abide by Measure JJJ,” she said.