Los Angeles Business Journal recently worked on a piece regarding passage of Senate Bill 6 and its potential impact on the industry. The article included commentary from Andre Soroudi, Executive Vice President of Acquisitions/Development of CGI+. The bill, signed into law in late September, allows residential construction on commercially zoned properties without the lengthy and at times costly requirement of a rezoning. Regarding the new Bill, Andre says, “It’s a very intensive process to get those types of projects done…so, in that sense, (SB 6) obviously provides a streamlined and definite path to getting a project approved.”
Read more via the article below.