Cityview

We at Cityview are deeply saddened by the immense devastation caused by the wildfires across Los Angeles, a city we’ve called home for more than 20 years. Our hearts are with all of our fellow Angelenos, including our residents, the affected communities, our team and the firefighters and first responders working to protect us. Their courage, commitment and selfless dedication are truly inspiring. To support our team, we are closely working to support members who have been evacuated, face family issues as a result of school closures, or need support as a result of losing their homes. For residents in our communities, we are providing links to important safety information and resources available to those impacted by the fire. We have also made donations to the Los Angeles Fire Department Foundation –(www.supportlafd.org) and California Fire Foundation - (www.cafirefoundation.org), and are matching donations to these organizations made by our team, and urge everyone to support these or other relevant charities that are providing the most in-need communities with both intermediate recovery and long-term support. We are monitoring the situation closely and will do everything we can to help support those affected during this difficult time. 

Thank you The Real Deal for covering Cityview’s acquisition of Candela, a 112-unit value-add community in an ideal location in the Hollywood Hills and Franklin Village near major employers. https://lnkd.in/gT6-dRGj

Congratulations to Adam Perry, Senior Vice President of Development and Construction at Cityview, who is celebrating 9 years with Cityview this month. Adam oversees all aspects of the company’s ground-up development and construction management across our Western and Southwestern U.S. portfolio.

We are honored to once again be named the most active multifamily developer in Los Angeles, and #4 developer across all property types, by Los Angeles Business Journal. This recognition is a testament to our team’s deep commitment to delivering much-needed housing across Los Angeles as well as the Western and Southwestern U.S. https://lnkd.in/gAz63Hjn

“You’re going to have a Hunger Games-style competition for materials and labor,” said Sean Burton. Builders will compete for engineering resources, architectural resources and debris removal. Burton thinks that the government, homeowners and contractors should buy appliances and building materials in bulk to reduce costs and expedite the redevelopment effort in Southern California, even if that means storing some of that supply in vacant warehouse space. Read more from Sean Burton in The Wall Street Journal on the large-scale resources needed to rebuild Los Angeles as other Southeast areas are just starting to rebuild following the back-to-back hurricanes that ravaged several states: https://lnkd.in/gNvi4Q2b

L.A.’s housing goals are already falling behind, Sean Burton says, noting that the fires not only remove needed units but also immediately make it more expensive to build, a factor that was already at play. “We have absolutely pledged against gouging,” he says. “But expect a Hunger Games–style competition for building materials and furnishings—including items such as washers and dryers—that will drive up prices. We need some kind of rebuilding authority to attack this problem in a significant way. And we need to use our strength as a region to create these homes. It will require an unprecedented effort, and the kinds of national experts who worked on disasters such as hurricanes Katrina and Sandy.” Read more from Sean Burton and Urban Land Institute's Urban Land: https://lnkd.in/gJ4774hv

Thank you Newsweek for sharing Sean Burton’s thoughts on the ongoing fires in Los Angeles and how we can rebuild. https://lnkd.in/gTxRyY-J

“My hope is that this tragedy serves as a catalyst for real and meaningful change — a moment to pull together and finally address both the immediate need to rebuild and the long-term housing shortage. We need to find ways to streamline the process and build housing at scale, or we’ll never catch up.” Cityview’s Sean Burton sits down with Bisnow to discuss the long road ahead for the Los Angeles area to rebuild from the devastating fires. https://lnkd.in/gWFp5YtZ

“We have to use this as a catalyst for change. Not just the business and real estate community, but a much broader swath of Angelenos need to demand change from our elected officials at all levels in our zoning, planning and entitlement so we can build more housing." Read more from Sean Burton on the impact of the LA fires in CoStar. https://lnkd.in/gz6JKvuP

We’re thrilled to announce the hire of Christoph Donner, Cityview’s new Global Head of Capital Development and Strategy. Christoph’s deep understanding of the financial markets and strong background in global real estate investments will be invaluable to Cityview as we grow the international reach of our capital development strategy. Based in New York City, he will also oversee the launch and growth of a new East Coast office for the firm. https://lnkd.in/g8QwzWp6