Florida’s real estate development faces a growing risk that is receiving little public attention: the long-term availability of potable water. Bill Eshenbaugh, founder of Eshenbaugh Land Company, warns that water constraints could soon outweigh regulatory and financial challenges as the state’s population and industry expand. “The biggest risk probably is where we get the availability ...
In Tampa Bay, institutional investors are not holding back capital in hopes of lower prices or improved sentiment. Instead, the extended timeline from land purchase to certificate of occupancy is making it almost impossible to underwrite new projects with confidence, according to Bill Eshenbaugh, founder of Eshenbaugh Land Company. Delays in permitting, regulatory changes, and ...
Industry veteran Sergio Grado, who has worked across Houston, Dallas, Austin, and San Antonio for over two decades, says Texas’s major real estate markets now face distinct challenges that generic investment strategies cannot address. Grado, a second-generation builder with experience in construction, business development, and distribution throughout Texas, observes that the differences among Houston, Dallas, ...
A severe labor shortage in landscaping and grounds maintenance is quietly pushing up costs and complicating project timelines for commercial real estate developers across Texas. Sergio Grado, a business development professional with experience at an international landscape architecture firm and founder of GradCo Distributors, says the workforce contraction is reshaping the economics of new construction ...
Major real estate owners entering New York City’s property tax system often encounter a dysfunctional appeals process that does not meet the standards of a global financial center. Instead of rigorous valuation reviews and structured appeals, owners face an understaffed, expedited, and unpredictable process. When institutional investors acquire commercial property in New York City, they ...
The office development industry is confronting a new reality in the wake of COVID-19, according to Spencer Levine, president of RAL Companies. With remote work now a viable option for many employees, office space must compete on experience rather than necessity. Levine contends that hospitality design principles, long tested in hotels and resorts, provide a ...
The widespread shift to remote and hybrid work has left office and retail real estate with more space than companies now need, creating a long-term oversupply that persists regardless of return-to-office mandates. As interest-only commercial loans mature, owners face a refinancing crisis intensified by sharply higher rates. Chad Cummings, a managing attorney at Cummings & ...
Competitive bidding at commercial real estate foreclosure auctions is providing a concrete signal that the market may be entering the initial phase of recovery, according to Mandi Wedin, Founder and CEO of Feroce Real Estate Advisors, who closely monitors auction results as an indicator of capital flow. “An interesting item I look for regularly is ...
Northern Nevada has nearly all the elements needed to become a significant data center hub, according to Ted Stoever, Executive Vice President at Colliers. The region’s central location in the western United States offers distribution advantages and has drawn intense interest from data center operators. However, despite these favorable conditions, Stoever says a single issue ...
State legislation meant to address Florida’s housing affordability crisis is fueling conflict between local governments and developers, as new projects move forward with minimal municipal oversight—even in communities lacking the infrastructure to support them. Florida’s Live Local Act has shifted key development decisions from city and county governments to the state, according to Chad Cummings, ...
Data centers are rapidly multiplying in response to the surging demand for cloud computing, streaming, and artificial intelligence. Yet, constructing one is a complex, years-long endeavor that extends far beyond choosing a plot of land and starting construction. The process involves securing land, negotiating power agreements, establishing fiber connectivity, and navigating extensive regulatory requirements—most of ...
Santa Monica, long considered one of Los Angeles’ most desirable rental markets, is experiencing a surge in luxury multifamily construction that is testing the limits of local demand. The influx of new, high-end apartment buildings has prompted questions about whether the area can support both the volume of new units and the steep rents being ...
The commercial real estate industry faces a retention crisis that most firms avoid discussing publicly. According to Joe Killinger, partner and co-founder of Commercial Brokers International, the vast majority of new commercial real estate agents leave the field within three years. “It’s 87 to 92% after around three years” who exit the industry entirely, Killinger ...
The idea that vacant office buildings can be easily turned into apartments has become a common refrain in real estate discussions. With office vacancies rising, the supposed solution is to convert underused buildings into much-needed housing. But according to Carlo Batts, Principal & CEO of Reduxx Group and a commercial appraiser specializing in Philadelphia, the ...
Commercial real estate has faced a sharp slowdown as higher interest rates disrupt decades-old valuation models. Cap rates have risen, deal volume has dropped, and investors have pulled back. Yet Carlo Batts, Principal & CEO of Reduxx Group, who appraises hundreds of properties across the Philadelphia region, says the real story is not about weak ...
