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April 1, 2019

Late-Cycle Site Selection: Risk Management Principles

By Misty Ponce, PE

MAXIMIZE VALUE OF ADAPTIVE REUSE OR RENOVATION

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.

To read the entire article in Area Development, click here.

About the Authors

Misty Ponce, PE

Misty Ponce, PE

National Client Manager
Misty Ponce, PE is a Principal at Partner and jointly instrumental in the company’s growth in her over 10 year tenure at Partner. She is a licensed engineer with nearly 25 years of experience in the environmental and engineering consulting industry, managing all aspects of commercial real estate due diligence and providing construction risk management support. She specializes in advising and providing environmental support and expertise to a diverse book of clients nationwide during the acquisition, disposition, development, and ongoing management and operation of commercial, industrial, and multi-family residential properties. She is an industry veteran with extensive experience in Environmental Site Assessments (ESAs); regulatory compliance; hazardous and solid waste site characterization and remediation; remediation system design, installation, and operation; underground storage tank removals; and technical reporting.

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