We give credit to any developer taking on high profile jobs/opportunities like this. The risks are huge. Careers rise and sink with a single project some times. They are the Navy seals of the commercial real estate business. For instance, recall one developer of a Philadelphia high rise that hasnt lost it, been forced to sell it, or sold it as condos? Its usually subsequent buyers of them that end up with profits. With the current lending climate, low interest rates and more equity going into deals, the chance of success on a well perceived development opportunity is greater.
Posted on: Sun, 15 Jun 2014 17:43:23 +0000
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