Location Location Location

CRE Developer. I spend most of my professional life thinking about access, traffic, demos & parking. Just trying to make dirt more valuable. Occasionally right.

[Location Location Location @3XLocation]

Demos and forecasts decide where retailers want to play.

Physical site criteria decide who wins.

The fundamentals matter.

[Location Location Location @3XLocation]

The general public sees a pond and thinks landscaping.

Developers see stormwater.

BMP facilities are designed to control:
• Quantity: how much water leaves the site
• Quality: how clean that water must be before leaving the site

Stormwater is one of those things that can kill a development deal.

In some watersheds, that can mean losing land area, adding cost, and redesigning the entire project.

[Location Location Location @3XLocation]

@UntrendedYOC You’re getting 4% ?? 😜

[Location Location Location @3XLocation]

@AdamB1438 @EllliotttB Sold 3, but it’s been that left over rear pad that isn’t worth hanging on to. Great for a DDS or child care. You have to BTS which is a pain, but great sale. Would never spend the time on a solo though.

[Location Location Location @3XLocation]

A traffic impact analysis (TIA) can determine whether your project needs:

• a turn lane
• a signal
• access restrictions
• off-site improvements
• or doesn’t move forward at all

Choosing the right traffic engineer can be a difference maker!

[Location Location Location @3XLocation]

There are landowners out there sitting on millions of dollars of potential value tied to a future rezoning.

Most rely on a developer to successfully complete that process.

If you own land and intend to sell to someone “like me”, ask the following before you go under contract:

How many rezonings have you actually completed?

When was the last one?

What projects are you currently taking through any sort of entitlement process?

[Location Location Location @3XLocation]

Imagine not being able to list and market your vacancy. Nuts!

[Jay in Kyiv @JayinKyiv]

Amid growing atmosphere of economic catastrophe, the Russian State Duma has begun implementing plans to prosecute the "dissemination of signs of economic destabilization, damage to the city's appearance, and possible illegal actions by owners and tenants of commercial real estate" by ridding cities of "closed, "for rent", "for sale", "liquidation sale" and other signage that implies economic downturn.

Owners will be inspected with intent to discern whether they have the right to display such signage or if there is malicious intent aimed at harming the economy.

Full text:
On the need to prevent the demonstrative dissemination of signs of economic destabilization, damage to the city's appearance, and possible illegal actions by owners and tenants of commercial real estate

Recently, a widespread distribution of signs and announcements such as "Closed," "For Rent," "For Rent," "Liquidation," "Closing Sale," and other similar signs has been observed across the territories of the constituent entities of the Russian Federation. These signs are placed on building facades, shop windows, retail facilities, and urban infrastructure.

I consider it necessary to draw the special attention of the internal affairs agencies to the fact that such actions, in the context of a special military operation, unprecedented external pressure and information-psychological warfare against the Russian Federation, may bear signs of deliberately creating panic among the population, discrediting government authorities and artificially emphasizing an allegedly existing "economic crisis."

Furthermore, the haphazard placement of such signs and structures: damages the architectural appearance of Russian cities, contributes to the degradation of the urban environment; shows signs of damage to municipal property and building facades; creates a negative public image; and provokes social tension among citizens.

I believe it is necessary to consider the issue of the legal qualification of the specified actions, including: under Article 214 of the Criminal Code of the Russian Federation ("Vandalism"); Article 167 of the Criminal Code of the Russian Federation ("Intentional destruction or damage to property"), Article 213 of the Criminal Code of the Russian Federation ("Hooliganism"); Article 7.17 of the Code of Administrative Offenses of the Russian Federation ("Intentional damage to someone else's property"); and, if there are appropriate grounds, under other articles of the current legislation of the Russian Federation.

In connection with the above, I request:

1. Organize inspections of owners of commercial premises, tenants of retail space, and representatives of small and medium-sized businesses who massively post the specified signs and advertisements.

2. Provide a legal assessment of the facts of the demonstrative distribution of such inscriptions in public places.

3. Check for possible coordination of similar actions aimed at creating an artificial sense of economic instability and discrediting government policy.

4. Consider the issue of holding the guilty parties accountable in accordance with the law, including administrative fines, compulsory work, correctional labor, and imprisonment in cases stipulated by the legislation of the Russian Federation.

5. Inform the State Duma of the Russian Federation about the results of the activities carried out and the response measures taken.

[Location Location Location @3XLocation]

This talk that you have to prepare for less activity during the summer because so many people are on vacation is nonsense.

I get the week around July 4th.

But you can’t use the excuse (especially proactively) that deal flow and progress will slow down, just because.

[Location Location Location @3XLocation]

@LPInvestor @LeylaKuni Or they will be in Texas multi family and have a great beard 😜

[Location Location Location @3XLocation]

@LPInvestor @LeylaKuni IF anyone can confidently tell you where rates are going in a few years then they will probably be broke or in jail when it’s time to make that decision. You did it right, just curious.

[Location Location Location @3XLocation]

@LPInvestor @LeylaKuni Just curious, when you modeled this how much are you going to save in general on defeasance under the scenario you ran?

[Location Location Location @3XLocation]

The general public: “Oh look, a new place to eat!”

Developers:
- Invoices
- Traffic Studies
- Environmental Reports
- Attorneys
- Redesigns
- Interest Carry

[Location Location Location @3XLocation]

It took many years to realize how important it can be to “give back” to your college or university.

Contribute however you can. Stay in touch with fellow alumni.

[Location Location Location @3XLocation]

@the_re_blonde Spending more time to understand financing and construction.

[Location Location Location @3XLocation]

Sometimes the difference between a great land deal and a terrible one is sewer capacity.

An 800 foot sewer extension can become a seven figure problem surprisingly fast.

Always understand utility location and capacity before spending serious time or money on a site.

[Location Location Location @3XLocation]

Zoning and planning can be a buzzsaw.

Some counties are considering comprehensive plan changes that could limit future growth along existing commercial corridors.

That has real implications for long-term land values and current landowners.

Developers like myself will just pivot our focus and capital to jurisdictions that don’t prevent growth.

[Location Location Location @3XLocation]

A lot of “great” real estate sites become terrible deals once you factor in off-site improvements and utilities.

Great corners don’t always make great projects.

[Location Location Location @3XLocation]

Most people not in CRE might think commercial real estate developers spend their time looking at existing pad sites.

In reality it all happens well before someone notices a pad site.

It’s mostly:
Utilities
Stormwater
Access
Traffic
Politics
Easements
Environmental

…and trying not to lose the site while solving all of it.

[Location Location Location @3XLocation]

@RaoulGMI I’m having a similar issue with Chat.