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April 1, 2019

Late-Cycle Site Selection: Risk Management Principles

By Misty Ponce, PE


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.

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