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September 30, 2010

Half-Built Projects Come With a Whole Bundle of Issues

By Partner ESI

As the industry continues to dog‐paddle to keep its head above turbulent waters,  many developers, owners, and lenders find themselves sitting on projects in varying stages of construction/ completion and having to decide if the project should be completed, mothballed, or sold. This has obviously created an opportunity for well‐heeled buyers who are looking to acquire property and assets at greatly reduced costs.

This article from Western Real Estate Business explains why the time to buy is right now, and how investors can make that call.

About the Authors

Partner ESI

Partner ESI

Founded in 2007, Partner Engineering and Science Inc., is the leading provider of engineering, environmental, energy, and construction consulting for the commercial real estate (CRE) industry. Touching 1 in 5 CRE transactions in the U.S., Partner is widely recognized as the largest and best provider of third-party physical due diligence reports, including Phase I Environmental Site Assessments, Property Condition Assessments, Seismic Risk Assessments, Zoning Reports, ALTA Land Title Surveys, and Construction Risk Management. Partner’s connectedness to the CRE market gives it an unparalleled view into CRE trends and risk management insights. Partner also provides a full suite of consulting services to support the entire real estate lifecycle, including: Geotechnical Consulting; Building Systems Consulting; Capital Management and Project Implementation Support; Environmental Health & Safety Consulting; Energy, Sustainability & Resilience Consulting; and Site Civil Engineering. With a responsive approach scaled for speed and agility, Partner helps clients manage risk, make smart investments, optimize asset performance, and win at their real estate investment strategies. Based in Torrance, Calif., Partner has over 1,400 employees in 40 offices around the globe.

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