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4 Ways Developers Can Beat the Construction Capital Crunch
Acquiring access to capital is the prevailing challenge for commercial real estate developers today. Interest rates have doubled in the last 12 months, a banking crisis has catalyzed a liquidity crunch, and interest rate volatility has made it nearly impossible for developers to price a deal. In short: the constrained capital environment has suppressed lending…
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Legal Hurdles in Real Estate: Navigating Zoning and Building Codes
Legal hurdles can arise at any stage of the real estate development process, and the permitting and approval process for zoning and building codes are often a source of concern. Zoning and building codes can have an outsize impact on your vision for a project, governing the design, construction, alteration, and maintenance of structures.…
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Closing the Tech Talent Gap: How Real Estate Developers Can Prepare for the Future
There is no going back. The commercial real estate industry has fervently embraced technology and integrated digital tools into daily business operations—and year after year, the industry continues to advance technology adoption. This year, JP Morgan Chase highlighted proptech as a solution to inflation, rising interest rates, and the labor shortage, and Deloitte said commercial…
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The Change Order Survival Guide for Real Estate Developers
In the lifecycle of a complex real estate development project, changes to the construction plan are inevitable. From moments of architectural inspiration to unexpected conditions on the job site, developers need to be nimble to address a project’s evolving demands. A change order (also called variations or variation orders) allows a general contractor, subcontractor, or…
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How Real Estate Project Managers Are Using Technology to Produce Better Outcomes
Real estate project managers are on the front of new development. The job requires seamlessly coordinating various moving parts, and the goal is always flawless execution: delivering on time and on budget with as few missteps as possible.
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How Modern is Your Real Estate Development Team?
If you’re like most commercial real estate project delivery teams (or project leads), your day-to-day is busy. Really busy. Whether you’re the team coordinator or an industry veteran with 20+ years of experience, you know that running a major development project is complex and, more often than not, chaotic.
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High Interest Rates Hurt Property Values, But Real Estate Development Tools Can Help
The Federal Reserve raised interest rates seven times in 2022 to combat inflation that reached a 40-year high. This strategy roiled the global financial system and upended the U.S. real estate industry, cooling a red-hot housing market, greatly reducing commercial/multifamily lending volumes, and diminishing commercial property values across the board.
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How Historical Data Can Help Your Real Estate Firm Overcome an Economic Downturn
Traditionally, the real estate market has a four-phase cycle: recovery, expansion, hyper-supply, and recession. After enjoying a boom in 2021, the U.S. economy’s mounting uncertainty has recently pushed the sector into the low end of the cycle. Skyrocketing interest rates and declining lending activity have caused deals to fall apart and made launching new projects…
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How Real Estate Project Management Software Helps Decision-Making
Anyone involved with commercial real estate knows that projects require razor-sharp planning and flawless execution to be successful. So why are developers still clinging to a project management methodology that involves tools and practices that became outdated in the 2000s?