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Stock impact report

San Diego is much better than L.A. at building apartments. Here's why [Los Angeles Times (CA)]

Jones Lang LaSalle Incorporated (JLL) 
Last jones lang lasalle incorporated earnings: 2/11 07:30 am Check Earnings Report
US:NYSE Investor Relations: ir.jll.com
San Diego's streamlined permitting, clear general plan and no traditional rent control make it easier for developers to build, while L.A.'s restrictive regulations discourage projects. As Los Angeles grapples with a housing shortage, it could learn from San Diego, which has proved better at convincing construction companies to build more. The city is more welcoming to developers, industry insiders say, with fewer regulations and fees, better planning and less rent control. “It is easier to build in San Diego over Los Angeles because of its legal structure, political culture and defined processes,” said Kevin Shannon, co-head of capital markets at real estate brokerage Newmark, which is overseeing the sale of a sprawling development site in San Diego that is zoned to have thousands of apartments. The result: As of last quarter, the number of new apartments under construction in San Diego County rose 10% from three years earlier, CoStar data show. New apartment construction in Show less Read more
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