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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

Partner Engineering & Science, Inc. is a full-service engineering, environmental, and energy consulting and design firm with over 1,000 professionals with experts based in locations throughout in the United States, Canada, Caribbean & Latin America (CALA), and Europe. As industry leaders in due diligence assessments, they bring over 100 years of collective experience to complex engineering challenges and risk management in commercial real estate and development. Founded on technical excellence and client service, Partner's team includes licensed Professional Engineers, Environmental Professionals, Geologists, Architects, LEED Accredited Professionals, and other credentialed specialists who provide comprehensive solutions across the real estate lifecycle. Their deep expertise spans environmental site assessments, property condition assessments, seismic risk analysis, construction risk management, industrial hygiene, energy efficiency consulting, regulatory compliance, and more.

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