Bisnow/Allen Matkins - SoCal Industrial - Brian Cresap, Millie and Severson

While construction costs are significantly below 2008 levels, Millie and Severson president Brian Cresap sees a tightening of the labor market, particularly in the IE. Non-union subs are unable to find enough qualified workers at their low pay scales. That said, some smaller subs are capping their staffs at 49 due to Obamacare.