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L.A. Rising: Burbank - Los Angeles Business Journal
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L.A. Rising: Burbank - Los Angeles Business Journal
LaTerra Development is attempting to lower Burbank’s job-to-housing ratio several hundred multifamily units at a time. As it stands, for every 3.9 jobs in the city of Burbank, there is only one unit of housing, according to Burbank’s Economic Development Division. “Burbank is in a severe housing crisis,” said Chris Tourtellotte, managing director at LaTerra, which is based in Marina del Rey. “There’s a significant amount of jobs and not a lot of…
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