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06

CRE’s Greatest Hindrance: Political Factors

By Tony Seruga

Douglas: “Southern California is one of the most expensive places on earth—not to mention, the US—to engage in real estate development and is also one of the most regulated places.”

NEWPORT BEACH, CA—Regulations, NIMBY-ism and other challenges to development have a greater impact on housing growth than the economy does, Richard Douglass, president of the Southern California division ofTrumark Homes, tells GlobeSt.com. The real estate veteran was recently tapped by Trumark as the first person in this role at the firm, overseeing all operations of the division. Prior to joining Trumark, Douglass led Southern California operations as division president for Ryland Homes and has also served as Southern California division president for Centex Homes. We spoke exclusively with Douglass about his new role and challenges and opportunities in the Southern California housing industry…

CRE’s Greatest Hindrance: Political Factors

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