Leadership from City View, California Landmark Group and affordable housing developer Wakeland Housing say that after their current roster of under-construction projects is completed, their pipelines, especially in Los Angeles, will “fall off a cliff.”
CityView and California Landmark Group, which develop market-rate projects, cited issues such as the new real estate transfer tax, Measure ULA, which went into effect in April, and other city regulations such as the decarbonization ordinance passed last year and state-level requirements about rent increases.
