Centennial Advisers’ very own Eric Christopher is featured in the Long Beach Business Journal, June 30, 2018. Author & Photo Credit: Brandon Richardson, Senior Writer
Eric Christopher of Centennial Advisers is pictured at a Long Beach apartment complex located at 1119 Dawson Ave. “A city that really wants to create housing would figure out a way to make that happen,” Christopher said. “If we had more forward thinking at city hall, we could make a dent in this problem.” (Photograph by the Business Journal’s Brandon Richardson)
Despite high costs and red tape, Long Beach has more than 30 multi-family projects under construction or planned by private investors – not to mention six single-family developments, including detached homes and townhomes. Bogoyevac explained that developers and investors are drawn to Long Beach because it has been overlooked for so long and is a great value compared to surrounding areas. Also, being centrally located between Los Angeles and Orange Counties, the city is ideal for employees in either market who desire cheaper rents.
Christopher likened the market to a Monopoly board, where investors are sitting on one side where expensive properties are located – Santa Monica, Newport Beach and the like – and see Long Beach on the other side. He said investors are realizing they can get more units for their buck in Long Beach.
