Last month, I attended NAHB’s midyear meeting in Miami and had the pleasure of sitting in on a presentation by Daniel Swift, president and CEO of Des Moines-based architecture group BSB Design.
In exchange for managing the building and sales of all remaining units in the first two phases, Menke and Hunihan were able to control and profit from land they never owned.
Under terms of a rolling option agreement, William Thomas Homes was required to take down finished lots under a predetermined time line. Because it owned a 50% stake in the land development company, it received the lots for half the retail markup.
Steps thousands of builders need to take to cover themselves as states await federal approval of storm-water procedures.
One of the biggest impediments to doing a deal for brownfield land revolves around future liabilities and who retains that risk.
Builders who develop land need to carry this model further to determine what they can pay for raw land.
The federal government will open bidding on 3,700 acres in Orange County, Calif., this fall, and the real estate community will pay close attention.
A new crop of brokers aims to fill that niche with services that go beyond simply finding multifamily and mixed-use sites.
The U.S. Fish & Wildlife Service recently declared the Endangered Species Act broken and in need of repair.
A complete list of highlights of California Senate Bill 800.
The tendency to litigate against builders, developers and trade contractors for even minor repairs has risen to such a level that state legislatures have been taking action.