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Commercial realestatedevelopment involves the process of acquiring, designing, constructing, and leasing or selling commercial properties such as office buildings, retail centers, and industrial parks. This includes analyzing factors such as zoning regulations, transportation access, and market demand.
In the context of pickleball and padel courts, adaptive reuse enables developers and municipalities to transform unused properties into vibrant recreational hubs. For land use and zoning, adaptive reuse often involves reimagining vacant lots, parking lots or industrial spaces to meet the evolving needs of a community.
Currently, development costs, particularly those related to building standards and zoning codes, can make such conversions a challenge to finance. But some cities are looking at making changes to their zoning and offering tax abatements to developers that build new housing.
As part of the 2017 Tax Cuts and Jobs Act, Qualified Opportunity Zones across the U.S. provide a vehicle to reinvest capital gains for near- and long-term tax benefits.
As more companies adopt flexible arrangements, commercial realestatedevelopers face unique challengesand exciting opportunitiesin reimagining how offices and other workspaces are designed and utilized. For developers, this shift means reevaluating the role of commercial properties.
Everything RealEstateDevelopers Need to Know About Return on Cost Realestatedevelopers lean heavily on data to make informed decisions and maximize profitability, and return on cost is one of the data points that’s essential to master.
The commercial realestate landscape is constantly evolving, influenced by economic shifts, technological advancements, and changes in business practices. As we step into 2025, it’s essential to understand the key commercial realestate trends that are expected to shape the market.
For Policy & Regulatory Reform: Co-winners National Zoning Atlas , a collaboration of researchers dedicated to digitizing, demystifying, and democratizing U.S. zoning codes; and PermitFlow , a permit software that streamlines and digitizes the permitting process. HON Partners. Montgomery County Housing Production Fund.
Introduced in 2018 with an expiring benefit already in 2019, Opportunity Zones (OZs) will continue to commandeer more and more cocktail hour discussions in the realestate world through the end of this year and beyond. Opportunity Zones for Developers.
Unique in its class, 300 Kansas stands as the first ground-up development in the category of a purpose-built urban building for advanced R&D, as well as one of the first U.S. projects designed to meet the stringent standards of the International Living Futures Institute (ILFI) pilot program for zero-carbon speculative developments.
From a development standpoint, we saw this small parcel of waterfront land as a great opportunity to do a test drive on an unusual proposition,” says Chris Drury, director of sales at Kiawah River for The Beach Company , the project’s Charleston-based developer. Wilson Architect , Charleston, S.C. Pleasant, S.C.
From the bustling tech hubs of Orlando to the thriving tourism in Kissimmee, the region provides a fertile ground for realestate investments. Additionally, major infrastructure projects, including highway expansions and transit developments, enhance accessibility, driving up property values.
The tool is only as good as the prompt,” says Genevieve Benson, director of business development at Milesbrand, a marketing and branding agency serving home builders. AI is also developing a reputation for producing errors and hallucinations. A good example is Arx City. Arx City’s AI engine provides reliable analysis in mere minutes.
ATLANTA – Ware Malcomb , an award-winning international design firm, today announced that construction is complete on The Perry, a new multifamily development located at the intersection of Jimmy Carter and Peachtree Industrial boulevards in Norcross, GA. The communities are designed to meet consumer demand and local market trends.
The great room has windows at both ends to make it easy to see the pool from the kitchen without creating a “fishbowl” effect, and a powder room is located on the pool side of the kitchen instead of near the drop zone , so people don’t have to walk through the kitchen with wet feet.
Just as with any planning technique, comparison of the potential benefits of Qualified Opportunity Zones to other tax deferral or elimination strategies remains crucial. Read: Understanding Opportunity Zone Guidelines at BusinessFacilities.com.
Learn how Opportunity Zones are becoming prime investment opportunities for capital gains and how new IRS guidelines will impact on your plans for a QOZ near you. Read: LiveXchange Webinar: Panel Discussion – Opportunity Zones 2.0 at BusinessFacilities.com.
Spoiler alert: There are no real “secrets.” We’re going to unravel some intricacies of the process that’s designed to ensure the coexistence of solar energy development with responsible environmental preservation. Solar power has emerged as a frontrunner in the pursuit of sustainable energy. How do we mitigate those effects?
Whether you are a homeowner planning a renovation , a developer looking to break ground on a commercial project, or simply an interested party in the realestate market, understanding the construction costs in NYC is crucial for making informed decisions.
Most people wanted apartments on that lot, but the zoning board was against it,” says Witt, president of Witt Construction , a local custom home design/build firm. “My He also set up the project as a condominium development so the parcel could be treated as one piece of land. and the town’s historic horse-racing track?
The campus is owned by Rock Creek Property Group , a Bethesda, MD-based realestate investment and development company with a diverse portfolio of commercial and residential properties. These newly transformed spaces should attract tenants through generation of much-needed life science laboratory space in the region.”
Whether realestate experts are looking for customers or government bodies are planning city projects, having access to property owner information can be highly beneficial. Making Informed RealEstate Decisions Making informed choices is key when it comes to purchasing or selling realestate properties.
Attorneys Kathleen Hugo and Anna Long presented during the Central Florida Commercial Association of Realtors’ October webinar, “New Laws Affecting Commercial RealEstate.” Kathleen presented “Foreign Ownership of Real Property in Florida,” reviewing requirements and considerations on Florida Statutes 692.201 – 692.205.
Modern moisture detection systems can now: Identify potential issues before visible signs appear Track moisture patterns throughout seasonal changes Provide real-time data for preventive maintenance The impact? The Technology Revolution Gone are the days of reactive maintenance.
With the ever-evolving commercial construction industry, competition in the search for prime realestate remains intense. To thrive in today’s realestate environment, stakeholders must understand these strategies and adapt to varying market dynamics and emerging opportunities.
These repurposed public spaces can accelerate realestatedevelopment, spur more vitality in emerging neighborhoods, support businesses, and foster safe pedestrian zones. Some of these spaces may have originally been used as parking lots or become abandoned after a fire destroyed a structure on the property.
Read: TexAmericas Center Designated A Federal Opportunity Zone at BusinessFacilities.com. The census tract containing the industrial park is among seven in Bowie County, TX, to receive the new federal designation.
The development remains on schedule, with completion anticipated in 2026. As the first SLS-branded residences in Europe, this project introduces a bold new standard in Madrids high-end realestate market. Marketing for the development is being led by Savills and Knight Frank.
In the same month, Private Equity RealEstate (PERE) reported that 85% of new rental housing being developed in the U.S. His team is writing guidelines for transit-oriented developments that incorporate affordable housing. “As Jersey City has called it the largest-ever mixed-income development in the Tri-State area.
Unoccupied parcels have untapped potentials that can be harnessed for community development and upliftment. Insights from the Texas RealEstate Commission emphasize the importance of unimproved property contracts but lack specific information on commercial viability.
This Contributed Column is brought to you by REAL STREET Expo , a new event sponsored by Business Facilities and Today’s Facility Manager magazines. Of the 100 senior commercial realestate executives surveyed, 68 percent expect to increase capital spending in 2014, up from 60 percent in 2013. Posted by Heidi Schwartz.
Earlier this month, the Englewood team headed to Las Vegas for RECon , the global retail realestate convention hosted annually by the International Council of Shopping Centers (ICSC). One popular solution is dividing these properties into spaces for multiple concepts with smaller footprints, from pet grooming to medical and more.
In the fast-paced domain of realestate, staying ahead of the competition is crucial. Realestate agents must adapt to ever-changing market conditions, new regulations, and evolving client expectations. Continuous learning and professional development are essential for agents who wish to maintain a competitive edge.
Whether you’re aiming to build your own business property, develop it for rental income, or make an investment, the journey requires due diligence, expert advice, and careful planning. Knowing whether areas like Lubbock are poised for development or are part of a future growth plan will help you make an informed decision.
Dan Diebolt is a prominent figure in the realestate and construction industry. He is particularly known for his leadership at Bosa Development. His vision and strategic decisions have greatly influenced how communities grow and develop. Currently, he serves as the Vice President of Development at Bosa.
Analyst View Infrastructure development and urbanization offer investment opportunities. Environmental rules and zoning constraints affect production and pricing in the U.S. Global infrastructure developments in roadways, railways, airports, and smart cities have increased aggregate demand. Recent developments 1.
Key Development & Emerging Trends There are several key developments and emerging trends that are shaping Wisconsin’s commercial property market, such as: Technological Advancement There has been increased integration of technology in Wisconsin’s commercial property market.
Faced with a huge shortage of space, mixed-use concepts bring high-density tower blocks and space-saving neighborhood developments to life. She suggests focusing on typology, codes, and zoning when specifying effective acoustic solutions. “In In denser cities, usable realestate is at a premium, so density is increasing.
million in a new research and software development center in Richmond, VA. The Washington, DC-based provider of commercial realestate information, analytics and online marketplaces also considered locations in the Southeast and Midwest for the project. CoStar Group will invest $8.17
Traditional routes typically involve realestate agents, listings, open houses, and potential renovations to make the property more appealing. No RealEstate Commissions Selling a house typically involves paying commissions to realestate agents. Selling as-is saves you time, stress, and money.
A surveyors expertise is pivotal in various fields like construction, property/realestate, development and eco-protection. A good environmental surveyor will help balance development projects and needs with environmental preservation and protection. They help ensure that rural areas are developed and managed sustainably.
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