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June 26, 2013

A Construction Lending Update

By Partner ESI

BETTER PROTECTION THROUGH TIGHTENED RISK MANAGEMENT PRACTICES

Earlier this year, we reported a rapid pick-up in construction activity. The recovery of the residential housing market has been steady since 2011—led initially by a rise in multifamily and student housing construction, and later boosted by a revived demand for single-family homes. The US Census Bureau’s latest residential construction figures for May 2013 show a steep increase in multifamily housing starts (up 28.6% from May 2012), and a steady rise in single-family housing starts (up 16.3% from the year before).

Continue reading the GlobeSt blog here.

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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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