By Jason Coray, PE, SE, Technical Director – Seismic Division with Partner Engineering and Science, Inc. | Published November 26, 2024 on GlobeSt.com
Lenders, investors, and insurers have become increasingly concerned with building resilience, including with seismic events. While many commercial real estate (CRE) professionals are familiar with Seismic Risk Assessment (SRA) reports, another metric, Building Stability, can impact underwriting decisions as well. With every damaging earthquake and new mandatory retrofit ordinance, policies are increasingly being updated to include Building Stability. Many financial institutions, particularly Fannie Mae and Freddie Mac lenders, will not finance properties that do not meet the term’s requirements. By understanding both criteria, CRE players can more accurately gauge their risk exposure in relation to seismic events.
In this Globe St. article, Jason Coray discusses building stability and how to assess the seismic risk for your commercial real estate (CRE) property or portfolio.
November 05, 2024
When property performance doesn’t meet proforma, investors lose. Gathering the correct data during due diligence goes a long way towards keeping investment properties on track. In this article, Partner Principal Jason Lind, who's worked on both sides of the acquisitions/asset management divide, offers a strategy to bridge the gap for more accurate projections and better returns.
October 15, 2024
Data centers are in high demand by many industries, including agriculture, banking, inventory, defense, mining, and healthcare. However, the data center conversion process can be challenging due to the complex infrastructure requirements of data centers. Click to learn more.
October 10, 2024
On September 28, 2024, California’s Governor approved Bill AB2579. Passed by the Assembly and Senate, AB2579 will extend the deadline for the initial California Senate Bill SB721 balcony inspection to January 1, 2026. This extension helps owners and operators who are struggling to complete inspections on time.
