Commercial Real Estate Developments 101
A real estate development generally progresses through the following stages before construction can begin: Project planning; Forming an investment entity; Negotiating the development agreement; Negotiating the land acquisition and performing due diligence; Land use, zoning, and regulatory compliance; Retaining the contractor; Securing the financing; and Closing the acquisition and financing. A commercial real estate development project typically begins with a real estate developer who formulates and oversees a project from inception through completion. One consideration [...]