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Los Angeles has seen tremendous growth this cycle, but housing and affordability issues could derail more growth in the future. The ULI Emerging Market report highlights the maturing real estate market this cycle, and Los Angeles has been a major beneficiary of that maturity. This cycle, Los Angeles has invested in mass transit and innovative businesses to drive growth.

“The Los Angeles region has taken multiple intentional actions to ensure its continued growth, which have resulted in the market weathering the Great Recession and emerging as a stable, growth-focused market,” Clare DeBriere, chair of ULI Los Angeles, tells GlobeSt.com. “Among those actions were to continue and to grow the significant investment in mass transit, to actively encourage our economy from a heavy aerospace focus to once much more evenly distributed to media, entertainment, technology, education and innovation based businesses, and we really capitalized on how we market and sell L.A.—from the active promotion of our sports teams, to our various neighborhoods, and active pursuit of high visibility tenants into our market.”

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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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