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?
This article discusses potential pitfalls of purchasing new construction, and how to avoid them, here on GlobeSt. com.

June 22, 2026
Partner has named Frederick Ellington, AIA, LEED AP, as Technical Director in its Construction Services division. With 30+ years of experience, he strengthens the firm's construction risk management, due diligence, and project advisory capabilities for commercial real estate clients.

May 27, 2026
Capital planning in commercial real estate has entered a new phase. In addition to traditional lifecycle replacements, managers now face a growing set of capital needs driven by energy ordinances, decarbonization goals, and climate risk. These drivers are no longer peripheral considerations; they are central to how capital plans are developed, prioritized, and executed.

May 27, 2026
In cities across the country, historic industrial assets continue to present challenges and untapped potential. For developers willing to navigate the complexity – and for advisors equipped to translate that complexity into actionable insight – these properties can become catalysts for long-term urban reinvestment.




