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California real estate executives raise development outlook in latest sign of property rebound

Multifamily segment leads demand, according to Allen Matkins, UCLA survey
Construction advances at the sprawling One Beverly Hills mixed‑use project in Los Angeles, a high‑profile example of the renewed optimism taking hold as California real estate executives head into 2026. (CoStar)
Construction advances at the sprawling One Beverly Hills mixed‑use project in Los Angeles, a high‑profile example of the renewed optimism taking hold as California real estate executives head into 2026. (CoStar)
CoStar News
February 25, 2026 | 12:38 AM

California commercial real estate executives are feeling better about breaking ground on real estate projects in 2026 as long-stalled demand finally turns positive, according to a survey of industry participants.

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