Due to the current economic downturn in the US, P3s are becoming more attractive to local governments as funds for municipal capital improvements go down sharply.
There's going to be a pruning of the development pipeline, and a lot of owners either seeking to exit their positions or in need of rescue capital to preserve the positions, Driftwood's Carlos Rodriquez Sr. says.
In this EXCLUSIVE, James Rice, vice president with AEI Consultants, recently shared his insights into navigating the HUD process, cost reduction and environmental issues on the horizon.
GlobeSt.com checked in with Francis Greenburger, chairman and CEO of Time Equities, Inc, to discuss the impact the coronavirus pandemic, also known as COVID-19, has had on the market and top stakeholders interests.
With uncertainty clouding the economy, New York City real estate owners are asking how the current market reset can finally bring real estate professionals and politicians together and resolve battles about the bills and regulations that impacted the sector before the pandemic.