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What Developers Should Know About Live Work Play Communities
The benefits and challenges of incorporating these communities into your portfolio.
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Understanding the Pros and Cons of Office-to-Residential Conversion
The COVID-19 pandemic and the ongoing popularity of remote work has put office building owners in a difficult position. While certain assets have proved resilient – such as Class A office space rich in amenities – Class B and Class C office buildings remain in decline. As a result, many developers are looking for ways…
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Unpacking the Net Zero Building: What Developers Need to Know
Net zero buildings, or properties that produce as much energy as is consumed over the year, may soon become an important part of your firm’s efforts to meet Environmental, Social, and Governance (ESG) targets. The White House set a goal to make zero emissions new construction and retrofit common practice by 2030. To help public…
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5 Ways to Manage Mixed-Use Development Costs
Mixed-use development has quickly stolen the CRE spotlight. The multi-use asset class is an opportunity for real estate developers to maximize the value of land sites and create dense, urban, and walkable communities for residents. Mixed-use projects also generate higher incomes than single-use assets — JLL estimates mixed-use developments pay nearly 25% more — and…
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Everything You Need to Know About Cap Rate in Commercial Real Estate
The capitalization rate (cap rate) is used to determine the expected return on investment on a rental property. Cap rate is considered the most important and popular metric for determining a project’s profitability and is widely used throughout the real estate industry. Cap rates, a measure of the income produced by a property relative to its…
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A Real Estate Developer’s Inflation Reduction Act Guidebook
The Biden Administration signed the Inflation Reduction Act into law in August of 2023, and the legislation is intended to strengthen the economy, invest in energy security, promote climate resilience, and lower healthcare costs for consumers. The United States Department of Treasury will be responsible for implementing major components of the law, such as tax…
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How Shifting Parking Minimums Impact CRE Development
Parking minimums, which mandate a fixed number of off-street parking spots owners must provide for every residential, commercial, or office building, have been a part of state and local policy in the United States since the post-war era. Zoning codes started to include parking requirements to address concerns around congestion, ensure businesses could succeed, and…
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Make Commercial Real Estate Project Management Easier With Northspyre
Real estate project managers take on many responsibilities throughout a complex development project. From managing capital deployment and budgeting to meeting timelines and ensuring zoning or building code compliance, a project’s success is often in the project manager’s hands. Luckily, development software is making commercial real estate project management easier, allowing you to guarantee more…
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Everything You Need to Know About Adaptable Design For Offices
The ongoing popularity of hybrid and remote work in the post-pandemic era continues to impact office buildings across the United States. Since the majority of Class B and Class C office space remains vacant, owners are looking for creative solutions, such as shorter lease terms for customers, tenant improvement allowances, or undergoing a dramatic conversion…