LOS ANGELES—On the multifamily developmentfront, there has been a bit of a slowing action, but one anomalyout there is high-rise buildings, which are increasing at a hugerate. That is according to Mark Humphreys, CEO ofHumphreys and Partners Architects.
“We are doing high rise residential projects all over the US,”he said. “It is a phenomenon and I equate it to the major problemwe are having right now which is construction costs.”
Don MacKenzie, managing director ofRE3, a UDR Co., also noted thathis company is doing “a lot of high-rise product,” noting that“there are a breadth of different opportunities up and down thecoast.”
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