John Balestra JohnBalestra

Industrial developers might have the most challenging assetclass to build—at least in Los Angeles. With limited quality landfor development and growing demand for more industrial space,industrial developers have had to adapt to building on difficultsites or difficult projects. This could mean constrained sites,land with environmental issues, or massive industrial parks thatcan accommodate the clear heights, truck yards and other amenitiesmodern industrial users are demanding.

“All of the easy sites are gone. At Trammell Crow, we tend notto work on the easy sites,” John Balestra, SVP atTrammell Crow Company's Southern Californiaoffice, tells “Our Brickyard project was a formerbrick pit that had a host of challenges. We have redevelopedlandfills and trash dumps, and we have developed properties withenvironmental challenges because there is no easy green field left.That is the real bottom line for an infill developer in LosAngeles. We are in a world where capital wants to get invested hereso badly, and you have to be willing to undertake some risk onchallenging projects because there is nothing easy left.”

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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 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.