As the construction industry recovers from the initial impact of the pandemic, project volume is trending upward. There is still a market for new construction, especially in the warehouse/logistics sector, as well as a demand for large-scale renovations as investors seek value-add or opportunistic adaptive reuse projects.
If you’ve set your sights on a newly constructed or recently renovated building, don’t be fooled by the fresh exterior, updated finishes, and new systems. You may assume that new construction means reduced risk, and might even skip the Property Condition Assessment—after all, what could go wrong on a brand-new building?
Managing Director Justin Lia, PE, LEED AP, discusses potential pitfalls of purchasing new construction, and how to avoid them, here on GlobeSt. com.
November 01, 2023
Evolving Markets & Technology Have Changed the Way We Budget for & Manage Investment Real Estate By Bob Geiger | Published in the NARIEIM Dialogues, Fall 2023 edition p. 46-49 […]
October 12, 2023
Increased Data Collection Will Be Required for PCAs and SRAs By Drew H. McCreery | Published October 12, 2023, on GlobeSt.com The agency lending space is buzzing with questions about […]
September 18, 2023
By gathering key property data and providing proper documentation to insurers, CRE owners may be able to secure reduced premiums and/or coverage for properties in high-risk areas. Published in Summit, […]
