Infill development is on the rise, and it’s no wonder why. Fewer professionals are moving to the suburbs, in an effort to avoid traffic and long commutes to work, shopping and dining. The accessibility of these amenities is worth the price of city rent for many. As an investor, infills are a great way to capitalize on city real estate, ...
When renting commercial real estate, different types of buildings are often in different stages of development. Sometimes, you’ll hear the phrase, “shell condition,” to refer to commercial property that encompasses two different types of unfinished construction: vanilla shell and grey shell. What Does Shell Condition Mean? In commercial real estate, shell condition refers to a space’s interior condition when the ...
Depending on the location of a commercial property and the type of business it houses, the outside of the buildings may look wildly different. This outside structure at the front is known as the facade, and there are many different types. What Is a Commercial Building Facade? A commercial building facade is the front of the building, so in a ...
Hospitality can be a very lucrative segment of commercial real estate, but it’s important to have a good understanding of the costs and factors that go into that industry. So, how much does it cost to build a hotel? Early 2020 saw an all-time high in United States hotel construction. However, the Covid-19 pandemic put a damper on that growth. ...
When embarking on a commercial construction project, you’ll find that your costs are divided into two distinct categories: hard costs and soft costs. What Are Hard Costs vs Soft Costs? Hard costs in commercial real estate are directly related to the physical construction of the building. They’re tangible expenses Soft costs are more intangible and are not directly related to ...
Imagine a robot dog coming to rescue the construction industry. That’s the case with Spot. The headless, yellow dog is a four-legged solution to help capture data on construction sites and deliver real-time data. Spot is helping change the construction industry overall, improving communication hiccups and saving money for production teams. Spot was created by Boston Dynamics, which builds canine ...
When it comes to commercial real estate construction, there are generally two major types of construction: vertical and horizontal construction. While these two types of construction can encompass many types of buildings, horizontal buildings are usually built in industrial zones. What Is Horizontal Construction? Horizontal construction refers to a type of construction that is wide, rather than tall. Structures that ...
When it comes to commercial construction projects, there are generally two different construction categories that delineate things like the type of structure being built, as well as the funding for that structure. Those two types of projects are vertical and horizontal construction. What Is Vertical Construction? Vertical construction refers to any construction that is built vertically, such as skyscrapers or ...
What You'll Learn What Is the Average Cost to Build an Apartment Complex? Factors to Consider When Building an Apartment Complex Location and Land Costs Permits Affordable Housing vs Luxury Apartments Cost of Materials and Labor Additional Fees, or Soft Costs Equity and Returns Expected Occupancy Rates Who Is Involved in Building Apartments? There Are Many Parts Involved With Building ...
When planning and building a commercial property, or making additions to your existing commercial property, you always need to pay attention to zoning laws in that area. Unfortunately, zoning laws might sometimes inhibit your existing development plans. When an obstacle occurs, you need special approval from your local zoning board or planning commission. One such type of approval is a ...
Lev is using technology to transform the CRE financing process.
Lev is using technology to transform the CRE financing process.