I recently contributed an article to Area Development entitled “Late-Cycle Site Selection: Risk Management Principles.” Choosing the right site or existing property for business objectives can be extremely tricky, particularly at the latter stages of a robust CRE cycle. Redeveloping an existing site or building — whether renovating slightly or adapting ground-up — requires a multi-pronged risk management strategy to optimize the ROI of these investments. Zoning and feasibility studies (with ADA compliance) can help match a site to stated business objectives. Environmental and physical due diligence are critical for assessing whether a facility will be able to support planned operations, while lowering risk and liability for owners. Finally, as planned renovations get underway, construction risk management services can help meet the above objectives on budget and on schedule.
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, […]
September 14, 2023
Managing a multifamily property entails a continuous commitment to its upkeep and enhancement. In the realm of FHA-insured multifamily properties, a pivotal milestone is the 10-year mark, when an updated […]
