Real estate developers are plunging into the waterfront city of Long Beach where speedier approvals, strong demand and lack of rent control have opened the flood gates to residential and commercial projects.
In downtown Long Beach, there $5 billion being invested in real estate development and there's a total of 73 projects citywide either under construction or about to break ground, according to the city's Economic Development Department. The building boom includes roughly 5,000 housing units.
