LOS ANGELES-Michael Rovner is the president andfounder of Mike Rovner Construction Inc., a LosAngeles-based general contractor with a special focus on majorrenovations. Rovner is joining Jeff Bunker,president of Wermers Construction, and moderatorGreg Sadick, VP of Residential at SnyderLangston, on the “How to Manage Construction Costs” panelat the upcoming 2013 RealShare Apartments conference on October 24. GlobeSt.comsat down with Rover to get his take on Los Angeles developmenttrends and his method for managing costs.

GlobeSt.com: What are some of the major developmenttrends that you are noticing in Los Angeles?

Michael Rovner: We're seeing a lot oftransactions, a lot of buildings being sold. There is a lot ofanxious money chasing fewer deals, so people are paying a premium.We're seeing almost as much activity as we were seeing pre-crash. Afew years ago, the major players were focusing mainly on thecoastal areas; now, things are happing all over the place and inthe secondary markets.