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An Uphill Battle: Achieving Equitable Access to Construction Capital
Earlier this year, The New York Times published a sobering examination of diversity in commercial real estate development, highlighting what stakeholders in the industry have long known to be a problem: racial disparities among real estate developers. Citing a joint report from Siegel Family Endowment, the Initiative for a Competitive Inner City, and Grove Impact,…
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Greening Your CRE Development: Sustainable Materials and Practices
Sustainable real estate development projects, or buildings designed, constructed, and managed with minimal environmental impact, are an increasingly desirable asset class as climate-change-related disasters continue to shape communities. Green buildings have numerous benefits, saving your team money, improving efficiency, lowering carbon emissions, and creating safe and healthy places for people to live and work. In…
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Multifamily Developers, Be Prepared: Zoning Regulations Are Changing
The national housing crisis is a complex problem in need of a complex solution—but there is no resolution without new construction. The cornerstone of the housing crisis is simply a lack of supply, and to correct it, developers need an incentive to build. The government is stepping up at every level to help provide such…
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Unlocking the Value of Brownfield Development: Turning Contaminated Sites into Assets
Brownfield development, which primarily transforms contaminated sites into housing, retail, or park space, may be the next frontier in real estate. Development teams and communities alike can benefit from brownfield redevelopment, as the projects create much-needed housing in high-demand areas without degrading green space, which increases local tax bases, and creates new jobs.
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The Hidden CRE Benefits in the Inflation Reduction Act
It has been a busy year in Washington. In the last 12 months, the Biden Administration has pushed through ground-breaking legislation and funded critical investments across the country. For its part, the commercial real estate sector has kept a close eye on this activity over concerns about increased regulatory oversight or other changes to the…
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How Does Your Real Estate Sustainable Development Policy Stack Up?
With a recession looming and a labor shortage disrupting the industry, sustainable development policies aren’t top of mind for real estate developers. But recent events, including the passage of the Inflation Reduction Act, have made it clear that needs to change.
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How the Inflation Reduction Act Impacts Real Estate Developers
In mid-August, Pres. Joe Biden signed the Inflation Reduction Act (IRA) of 2022 into law, which aims to significantly reduce the United States’ carbon footprint, cut prescription drug prices, and curb inflation. The $430 billion legislation includes provisions designed to bolster green building projects and energy-efficient renovations via major tax incentives.
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Commercial Real Estate AI is the Key to Hitting ESG Targets
We’ll probably never know if it was the global pandemic, the natural disasters that plagued the country or the widespread movement for racial justice—but commercial real estate stakeholders emerged from 2020 with a newfound commitment to environmental, social and governance factors, also known as ESG. In the last two years, CRE developers, owners and investors…
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Lenders Are Giving a Green Light to Sustainable Building
Three letters are promising a sweeping change to the CRE industry: ESG. In the last year, major commercial property stakeholders have announced aggressive environmental, social and governance—known colloquially as ESG—strategies and goals, shining a long overdue spotlight on sustainable development and efficient building operations. Lenders are stepping up, too, with green-focused funding products for development…