LOS ANGELES—Ask the folks of CBRE how LosAngeles is doing now that the recovery has finally made its waythere and you'll hear a lot of not-so-cockeyed optimism. We asked,and Gary Baragona, director of research andanalysis, and Gabriel Hungerford, senior researchanalyst, told us a great turnaround story.

GlobeSt.com: Generally speaking, what are thechallenges facing the Los Angeles market as the recovery continuesto take hold?

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John Salustri

John Salustri has covered the commercial real estate industry for nearly 25 years. He was the founding editor of GlobeSt.com, and is a four-time recipient of the Excellence in Journalism award from the National Association of Real Estate Editors.