BCLP Partner Quoted in ‘Daily Business Review’ on Industrial Real Estate Development Transactions
BCLP Partner Eddie Lowry was quoted May 2 in Daily Business Review on the national trends around industrial real estate development transactions. Although yields are going down, demand is so high throughout the U.S. that it’s not stopping deals and transactions. “Many transactions are now tied to development costs as large e-commerce providers need more and more warehouse space, developers are shifting building cost risk to the eventual tenants in the form of rent escalation,” Eddie said. “This is tempered for the e-commerce retailers by demand for faster completion times tied to penalties to the developers/contractors if delivery of space is delayed.” With greater competition for transactions comes new ways of maneuvering clients through the bidding processes, he noted.
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