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Going Green: How All-Electric Buildings Are Changing the Conversation
Commercial real estate developers are voraciously pursuing sustainable construction practices. From publishing aggressive ESG targets to building to green certifications, there have been a number of ways that developers can reduce the carbon footprint of a commercial property. Now, innovative developers are going one step further to ensure the carbon neutrality—or even negativity—of a new
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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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Office-to-Apartment Conversion: Can Developers Make It Work?
Commercial real estate developers are well aware of the national housing shortage. To meet current demand, the nation needs to add 4 million to 5 million new homes. Housing development is at the epicenter of the problem. The construction rate began to slow in 2000. By 2020, 5.5 million fewer homes were delivered compared to
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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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Developers Gain Optimism: What It Means for New Construction Activity
You might feel like every successful developer has a crystal ball with the ability to peek two or three years into the future and understand what a community will need. In reality, of course, there is no crystal ball. Instead, there are metrics and data (and a little bit of luck) to forecast trends that
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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.
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How the Rise in Office Loan Defaults Will Impact CRE Development
Defaults on loan payments for unused office buildings are on the rise, as owners of Class B and Class C properties face dual headwinds from the ongoing prevalence of remote work and the high-interest rate environment. The commercial real estate firm Cushman & Wakefield estimates about 20% of office space is vacant at present,
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Drive Predictability in Today’s CRE Landscape With New Solutions From Northspyre
In today’s high-stakes commercial real estate environment, it’s more important than ever for developers to have consistency and predictability in their operations. While some may say being predictable is boring, we disagree. With so many moving parts and millions of dollars at stake, the smallest oversight can be catastrophic to your bottom line. But, by