Equity Residential may start California project within a year

Equity Residential, the largest publicly traded US apartment landlord, may start building a new development in California within the next year, CEO David Neithercut said. “We have a land parcel in Los Angeles that we’ll look at; we’ve got a land parcel in the Bay Area that we’ll look at as well,” Neithercut said in an interview in Chicago. A project on either property “could start within the next year” if the company chooses to build, he said.