Builders can't pencil apartments: situation may aggravate L.A.'s affordability crisis.
Los Angeles Business Journal › April 18, 2005
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Los Angeles
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Builders can't pencil apartments: situation may aggravate L.A.'s affordability crisis.
Soaring real estate and construction costs have made it nearly impossible to build new apartments in many parts of Los Angeles County, a situation that is likely to aggravate the existing shortage of rental units.
There are very few new apartment complexes in the construction pipeline, and developers with approvals to build apartment complexes are selling the en...See the full content of this document
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