Bisnow/Allen Matkins Single-Family Development - Emile Haddad, Five Point Communities

Allen Matkins attorney Matthew Fogt moderated the event's Special Look at Single-Family Development, which is sizzling in SoCal again—with a few complications, such as higher prices for land and labor shortages. Five Point Communities CEO Emile Haddad says he expects land values to increase rapidly in the near future. Also, getting new residential product out of the ground will be simply harder than it used to be. One problem is finding people who understand the complex process of land entitlement. Most of the people in the field were obliged to retire or find other livelihoods due to the recession.