How Do You Define an Emerging Neighborhood?

March, 2016Article

Greenberg Glusker Real Estate Partner Henry Finkelstein was quoted in a (subscription required) article that provided an overview of his participation on a RealShare Los Angeles panel program. The panelists discussed ideas to discover emerging markets from Downtown Los Angeles to areas of Long Beach and El Segundo.

Finkelstein said to “Follow the New York model.” But lately he said he has been focused on entering suburbs.

The panel also featured Bob Champion, president and CEO of Champion Development and Arden Hearing, managing director of Trumark Urban. Both developers told the audience there are many factors that go into determining the best places for projects including doing your due diligence, evaluating market conditions and behaviors of people who currently live there.