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Multifamily is the most popular property for development in Los Angeles, and for good reason. There is incredible demand and opportunity. However, the market is rapidly changing, from the construction and development to the design to consumer needs. We sat down with Dale Yonkin, EVP and multifamily studio director at Nadel Architects to talk about the newest trends in multifamily development and find out how developers can curb some of the biggest challenges.

GlobeSt.com: What are some strategies for maximizing speed to market/leasing path? 

Dale Yonkin: The biggest potential development delay in Los Angeles is the city entitlement process, which confirms the size, density and design of the project prior to beginning construction drawings. This can take up to 1-and-a-half to 2 years if an Environmental Impact Report or a zone change is required. Much of this delay can be avoided by choosing development sites, which are currently zoned for residential development at a scale that works financially for the developer.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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