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There is significant risk in any real estate development project. Having professionals Identifying obstacles and challenges early on in the process of development helps to reduce those risks and facilitates the successful completion of the project. What is a...

Every real estate construction project has risks involved in the planning and execution of the construction. The knowledge and practical experience of professionals such as architects, engineers, designers, contractors and general contractors, and government agency...

Introduction The hotel industry in general suffered its worst year on record in 2020 as the coronavirus pandemic severely curbed travel, including business travel and vacation travel. Prior to 2020 the hotel industry, and hospitality in general, was one of the most...

What is a PIP? The initials PIP stand for property improvement plan. A property improvement plan is an action plan for a property to bring it into compliance with brand standards levied by the brand manager or franchisor. The PIP usually calls for improvements to...

These days commercial real estate is being flooded with property improvement plans (PIPs).  As an owner of a property, how should you look at a PIP? What criteria and standards should you consider? What posture should you take? The professional owner’s representatives...

Pro forma is a Latin term meaning “for the sake of form.” In real estate, pro formas often take on the “form” of an Excel spreadsheet. Pro formas are important documents for developers, investors, brokers, lenders and appraisers to know and understand. They are used...

What is a Hotel Property improvement Plan? A hotel property improvement plan or PIP is an action plan for a hotel to bring it into compliance with brand standards levied by the brand manager or franchisor. The plan can call for improvements to things such as exterior...

Does this situation look familiar? The stalled development project is back and alive, after re- pricing it is coming in way, way over the previous budgets. You need help to kick-start your project but with the current state of the construction cost market it’s no...

Accurate construction cost estimates are crucial to the success of a construction project? They are the cornerstone of every construction project. With the construction cost estimate decisions are made on the feasibility of the project—whether it Is a “go” or a “no-...