As a due diligence and design firm—our work is all about helping our real estate clients achieve success in their projects: managing risk, making smart investments, bringing projects to life. Much of that work is driven by financial interests, some of it by public mandates, but regardless we as consultants and the real estate industry at large do a whole lot towards the “greater good” along the way. More properties get cleaned up, energy optimized, seismically retrofitted, or otherwise improved because of a real estate transaction or project. For example, 75% of all radon tests conducted are due to a real estate transaction. Radon is the second leading cause of lung cancer, so that’s potentially a lot of lives saved!
As I reflect on 2016, it’s striking how often our clients have chosen to improve an asset not because they have to, but because they want to – to reduce risk, improve the asset value, raise rents, etc. With CRE values up, it makes more sense now than ever.
So, as we collectively reflect on the past year and look ahead, here are a few hings we can all feel good about. Our nation’s building stock is becoming:
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