Kent Elliott Elliott: “Say you have 10 new players in L.A., and three of them are hiring a VP of development. Those candidates have to come from somewhere, so they will come from that depleting inventory of VP of development.”

NEWPORT BEACH, CA—A “forest for the trees” mentality, in addition to seeking yield for investors, is causing firms based in other markets to expand to the West Coast, creating more demand for talent in a tight market, RETS Associates principal Kent Elliott tells Elliott says that there are a lot of out-of-region and foreign companies that are moving to California and the West Coast in general to open new offices and take advantage of the strong market fundamentals here. Naturally, this is having an impact on the hiring landscape. We spoke with Elliott about that impact and what it means for CRE professionals. What are you noticing about real estate companies with footprints in other markets—both domestically and internationally—expanding to the West Coast?

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Carrie Rossenfeld

Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.

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