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Strategies for Real Estate Leaders to Unlock Exceptional Team Performance
Over the last couple of years, the development environment has been especially challenging, with high interest rates and construction costs making getting complex projects off the ground difficult. To succeed in the current market, it’s not enough for developers to assemble a top-tier team. You must also foster a collaborative work culture, where every team…
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Who Is Modern Real Estate Development Software For?
The future of the development industry will be driven by technology, with automation, data analytics, and artificial intelligence boosting efficiency and streamlining processes. AI adoption alone is expected to see an annual growth rate of 37.3% from 2023 to 2030 across industries, and real estate will be no exception. Big data and analytics have also…
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How Multifamily Site Selection Is Evolving in the Modern Economy
Development site selection is a complex and intensive process, and acquisition teams often spend considerable time touring locations, vetting and underwriting potential sites, and conducting market research to determine project profitability. The decision is high stakes: countless time will be spent securing land or property, navigating zoning restrictions, acquiring vendors, and breaking ground on construction.…
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Enhancing Team Dynamics With Cloud Based Project Management Tools
The successful completion of a development project requires collaboration between many stakeholders, from developers and project managers to accounting and finance teams. Project collaboration is essential to ensure your team works well together throughout the process, staying aware of other team members’ perspectives, needs, and timelines. Many traditional development workflows, such as outdated and error-prone…
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Overcoming Project Management Pitfalls With Risk Mitigation Techniques
Project managers play a key role on your development team, ensuring vital benchmarks are met and projects come in on time, on budget, and up to high-quality standards. Every complex development project has risks, from scope gaps to regulatory or compliance concerns, but these issues don’t have to derail your timelines and finances. By understanding…
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Adapting to Weather Changes With Climate Resilient Infrastructure
Extreme weather is increasing in frequency and severity as the impact of climate change becomes more apparent. Natural disasters and severe weather events will have an economic impact across industries, and commercial real estate development is no exception. Looking toward the future, your firm should prioritize climate resiliency, whether that means disaster-proofing existing properties or…
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Benefits of Enterprise Zones and Opportunity Zones for Real Estate Development
Enterprise zones and opportunity zones are essential concepts for your development team to understand as you look for up-and-coming markets to break ground in. Federal and local governments designate geographic regions, often impacted by economic distress or blight, and offer businesses, developers, and investors tax breaks, regulatory exemptions, and other financial incentives to build there.…
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The Developer’s Guide to C PACE Financing
High interest rates and economic uncertainty are making it more difficult for your team to secure capital and get complex projects off the ground. Firms like yours are turning to alternative financing sources to round out their capital stack, from government programs such as Low-Income Housing Tax Credits (LIHTC) or Transit-Oriented Community Incentives to green…
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Top Trends in Sustainable Construction for Multifamily Housing
Developers are increasingly turning to sustainable construction practices as government regulations around carbon emissions become stricter, demand for eco-friendly features increases among consumers, and technological innovation reduces the cost of materials. Initiatives such as Environmental, Social, and Governance (ESG) goals, as well as LEED certification and Energy Star ratings, are also incentivizing sustainable building practices.…