Blog
Examining the hidden cost pressures that can keep a good development from working For the past few years, interest rates have taken much of the blame when development projects failed...
For a long time, controlling the right piece of land was considered one of the biggest advantages a developer could have. Buy the site, begin the entitlement process, work through...
Most commercial real estate developers expect delays. Entitlements take time. Plan reviews rarely move as quickly as projected. Utility coordination can be unpredictable, and permitting has never been known for...
Not long ago, most conversations around capital structure were built around a fairly predictable timeline. A project was underwritten, financing was secured, construction progressed, leasing followed, and the exit strategy...
For the past several years, adaptive reuse has become almost synonymous with office-to-residential conversions. The headlines have focused on vacant office buildings, housing shortages, and the effort to breathe new...
For years, many developers have treated the Guaranteed Maximum Price as something that naturally comes together once drawings are substantially complete and financing is taking shape. That approach made sense...
Lessons from Recent Contractor Failures Large commercial development projects have always involved a certain level of risk. Material costs fluctuate, labor availability changes, permitting can take longer than anticipated, and...
Commercial real estate lending has always rewarded professionals who recognize opportunities before they become mainstream. While office, retail, multifamily, and industrial assets continue to dominate most financing conversations, some of...
For much of the past decade, construction financing followed a relatively predictable formula. Developers secured senior debt, contributed sponsor equity, and filled any remaining gaps with joint venture capital or...