One of Los Angeles’ largest real estate brokerages has identified “major inefficiencies” in the luxury multifamily and high-density condo development sectors, and is looking to correct them. The firm, The Agency, is aiming to assist developers in the design, construction, marketing and eventual sale of their projects via its division The Development Group.
- The Development Group will assist developers in the design, construction, marketing and eventual sale of their projects.
- Miscommunication between parties and information requests are the most common problems that slow construction projects.
- More private equity groups are developing projects on their own and bringing in fee developers.