Blog
Demand drivers and underwriting considerations For years, industrial development in California was largely a story about scale. Bigger buildings, higher clear heights, larger truck courts and enormous distribution footprints dominated...
For years, construction contingencies were treated as a necessary line item in a development budget. Developers included them, lenders checked them, and investors generally accepted them as part of the...
For decades, developers approached unit planning with a relatively straightforward objective: design for a specific use, optimize for that use, and execute accordingly. Multifamily was multifamily. Office was office. Hospitality...
There was a time not long ago when a clean, single-path deal could get across the finish line without much friction. One business plan. One exit. One capital stack that...
There was a time when “rescue capital” sat on the fringe of commercial real estate. It showed up quietly, usually tied to a troubled deal that most lenders and investors...
If you are looking at data center opportunities in California right now, it is worth stepping back and recalibrating how you think about both risk and capital. What used to...
There is a quiet shift happening across multifamily and mixed use development in California, and it has very little to do with rent growth or cap rates. It is happening...
In California development, parking is often treated as a simple line item. A required number of stalls multiplied by a rough cost per space. On paper it appears straightforward. In...
For years, multifamily development in California has been driven by one dominant metric: density. More units per acre. More efficiency per square foot. More yield per project. In a state...
For commercial real estate developers across California, few processes feel as unpredictable or time-consuming as navigating CEQA. On paper, the California Environmental Quality Act presents itself as a uniform statewide...