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You are here: Home » Resources » Articles » CRE Development in Uncertain Times

May 13, 2019

CRE Development in Uncertain Times

By Bill Tryon

HEADWINDS FOR CONSTRUCTION SIGNAL CAUTION

I recently wrote an article in Commercial Property Executive on the cautionary risk management principles developers should consider employing as multiple headwinds signal caution for the construction industry. Although data metrics and consensus estimates show continued growth for the commercial real estate sector into 2020, several key factors are driving construction cost increases. These include geopolitical uncertainties, labor shortages, and project delays. Collectively, these uncertainties will necessitate greater risk management oversight to ensure maximizing continued opportunities.

To read the full article in Commercial Property Executive, click here.

About the Authors

Bill Tryon

Bill Tryon

Chief Strategy Officer
With over 30 years in the industry, Bill Tryon has developed risk management policies and procedures for one of the world’s top real estate lenders and has participated with government agencies to refine policies and requirements. He has developed a reputation for risk-based problem solving and excellence. As Chief of Construction and Environmental Services for a major real estate lender, he pioneered standards for the evaluation of environmental liabilities, property conditions, seismic and mold assessment activities. Many of his innovations and refinements have become common practice in the industry. He continues to influence due diligence practices as a member of the Environmental Banker’s Association, Co-Chair of the ASTM committee developing standards governing Property Condition Assessment, participation in additional ASTM committees, and Executive Director of the Construction Lender’s Risk Management Roundtable. As Partner’s Chief Strategy Officer, Mr. Tryon monitors industry trends and works with clients and the industry to develop policies and practices in response to emerging issues.

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