Entitlement Risk 101: How to Structure Land Deals When Approvals Take Time ASK: We’ve got a great site, but entitlements might take a year or more. How do I structure the deal so I’m not overexposed during approvals? ANSWER: Entitlements are where real estate deals are won or lost. You can find a perfect site, […]
Why “Time” Is the Most Expensive Line Item in Development ASK: Construction costs keep going up, but lately it feels like time is what’s really costing us. Why is time the biggest expense in development, and how do I protect against it? ANSWER: In real estate, everyone tracks dollars, but not enough people track days. […]
How to Run the Numbers Before You Commit to a Development Project ASK: I’ve got a piece of land and a concept. How do I know if the numbers make sense before I dive in? ANSWER: In development, “good idea” doesn’t always mean “good deal.” Before you commit to a site, you need to know […]
The Art of Structuring Joint Ventures in Development Projects ASK: I’m partnering on a new development. How do we structure a JV that’s fair, and future-proof? ANSWER: Joint ventures can be great or horrible just like any partnership. At their best, JVs bring together complementary strengths: land, capital, expertise, and relationships. At their worst, they […]
How Developers Protect Tenants from Project Delays ASK: We’re developing a site for a tenant, but entitlements and permits keep pushing timelines. How do we keep them confident, and keep the deal alive? ANSWER: Tenants hate uncertainty. When delays stretch on, trust erodes fast. But most of the time, it’s not the delay itself that […]