Kevin Farrell Kevin Farrell is COO of Century West Partners.

LOS ANGELES—Developers have a lot to think about, but the rise in construction costs tops the list. In some situations, construction costs have increased 10% from land acquisition to ground breaking, and that can be a difficult to underwrite into a deal. We recently sat down with Kevin Farrell, COO of Century West Partners—the developer behind huge L.A. projects, like K2LA—to find out how construction costs, construction lending and the supply pipeline is affecting their business.