(Republished with kind permission from Marketwi.se)
In his previous life, John Reeder was a project manager at an engineering firm that specialized in residential projects in California and Arizona. That gave him some perspective on planning staff, elected officials, neighbors and the odd Save the Whatever group.
Now a senior adviser at Sperry Van Ness, he writes: “As far as California land use politics are concerned, I think use of the term ‘banana republic’ probably has some merit …” and adds, “Development projects in California that do not eventually become political are the exception, not the rule.”
Commenting on development projects and land use politics in Marketwi.se, the blog on investment real estate news and commentary, he offers some rules to use when valuing real estate development deals, or trying to assess the potential success of the project.
Read his full post here.