Developers from across the Los Angeles region came together to discuss the state of the construction market, the city, rebuilding efforts and more at The Real Deal’s inaugural roundtable event in Hollywood. Top of mind, among other issues, was Measure ULA, the so-called “mansion tax” that has driven many developers out of L.A. city limits. Homeowners have similarly been repelled by the legislation. “Buyers and sellers are absolutely disgruntled over ULA, and it is not going away. It’s actually getting worse every day,” Aaron Kirman, CEO of Christie’s International Real Estate Southern California, said. “When you are doing these deals […]
This article originally appeared on The Real Deal. Click here to read the full story.
Powered by WPeMatico