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Any apartment boom fueled by new California law will 'skip city of LA,' developer warns

CityView CEO predicts Los Angeles mansion tax, red tape will prevent development
A new law is expected to open multifamily development opportunities if developers can brave the regulatory and financial hurdles. (CoStar)
A new law is expected to open multifamily development opportunities if developers can brave the regulatory and financial hurdles. (CoStar)
CoStar News
November 17, 2025 | 10:30 P.M.

California’s new law that lets apartment buildings up to nine stories get built near major transit stops could fuel construction across the state — but not in Los Angeles, said CityView Chief Executive Officer Sean Burton.

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News | Any apartment boom fueled by new California law will 'skip city of LA,' developer warns