New York City is just the latest municipality to raise the bar for apartment investors and developers on sustainability requirements. Local governments across the U.S. are raising the requirements on what developers have to do to be allowed to build their projects. Advocates for sustainable development also call for tougher building codes, including “improvements” to the International Energy Conservation Code (IECC), a national model energy code that many cities and statesuse as the basis for their own local codes.
HALL Structured Finance is an entrepreneurial, value-add, direct private lender that provides ground-up construction, adaptive reuse and major asset repositioning for commercial real estate projects throughout the United States.
An investor not fully knowledgeable of the market—both locally, regionally, and nationally—may end up paying above top dollar just as a market decline hits, which could be disastrous. Foreign investors often take a much longer view in terms of the expected ROI, making them attractive partners for U.S. developers. However, given the situation, foreign investors need to be acutely aware of some of the pitfalls facing those who are willing to invest in the United States. Recent examples provide some perspective.
Forbes looks at four ways the trade wars affect commercial real estate. Healthy eating options pop up around fitness centers, as retail landlords embrace the health and wellness trend, reports the Wall Street Journal. These are among today’s must reads from around the commercial real estate industry.
