raamconstruct

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So far raamconstruct has created 22 blog entries.

Will the New Affordable Bill Overlap with Opportunity Zone Projects?

2020-01-09T02:22:43+00:00November 14th, 2019|News, Press|

SB-196 is one of many new housing bills that Governor Newsom has signed into law to encourage affordable and low-income housing development. The bill provides a property tax exemption for community land trusts building affordable housing—a huge benefit—but that could be just the beginning. In some cases, these projects could also line-up with opportunity

Pre-Construction Planning Especially Crucial on Affordable Projects

2020-01-09T02:18:48+00:00November 7th, 2019|News, Press|

Rising construction costs are the biggest challenge for all developers, but for affordable developers, it can be a crippling one. In fact, the increased construction costs are one of an amalgam of reasons that the affordable housing supply is shrinking. However, there are solutions. Partnering with an established affordable builder is one of the

Builders Expect an Increase in Affordable Housing Starts

2019-11-06T02:29:21+00:00October 29th, 2019|News, Press|

Developers are excited about the potential for SB196—a new affordable housing bill passed by the state that exempts land trusts from paying property taxes on affordable housing projects. The new bill is expected to drive affordable housing development throughout the state, and builders are seeing an increase in interest in affordable housing projects. Read

How to Prevent Cost Overruns in Multifamily Construction

2019-10-01T22:38:44+00:00September 30th, 2019|News, Press|

During the past few years, material and skilled labor costs have been on the rise, causing increased distress for multifamily developers. If we add trade tensions to the equation, it is understandable why bringing a project to fruition is becoming more and more challenging, especially when building affordable housing properties in gateway markets. Read

Best Merging of Past and Future in a Historic Property

2019-09-04T00:00:13+00:00August 30th, 2019|News, Press|

Upon reviewing countless adaptive reuse projects throughout the country for GlobeSt.com’s ADAPT awards, we have declared Evanston Court in Pasadena, CA, the winner for the best merging of past and future in a historic property. We will be honoring the project at our awards ceremony in Baltimore on September 16th. Read Article

Pasadena’s Evanston Court Historical Preservation Project Wins National Award

2019-07-19T01:35:29+00:00July 18th, 2019|News, Press|

Real estate news publisher GlobeSt. Real Estate Forum has selected the Evanston Court project in Pasadena as among the recipients of their Adapt Opportunity Zones Awards 2019, to be given at the GlobeSt.com Adapt: Opportunity Zones conference on September 16 and 17 in Baltimore, Maryland. The Evanston Court project is centered around the historic Evanston Inn

Best Practices: How To Keep A Lid On Construction Costs

2019-07-09T23:18:32+00:00July 2nd, 2019|News, Press|

Want to get a jump-start on upcoming deals? Meet the major players at one of our upcoming national events! Construction cost hikes have been buffeting the commercial real estate industry especially vigorously since the last recession. In 2018 alone, U.S. construction costs rose 5.7% overall, according to Rider Levett Bucknall’s Q1 2019 North American

Field Tech Drones, VR, and new apps streamline apartment construction.

2019-07-10T23:38:43+00:00June 28th, 2019|News, Press|

With $43 million on the line, Amr Raafat couldn’t afford to miss his target by even a single centimeter. In play was the setting of modular boxes at the $43 million development of Canvas, a 126-unit, two-building, mixed-use property in Beverly, Mass., built by Windover Construction, where Raafat serves as director of virtual design

Construction Costs Keep Housing Supply Low

2019-07-03T19:23:16+00:00June 28th, 2019|News, Press|

The high cost of construction is exacerbating the housing crisis in California and other markets where there is a housing shortage. Last year, construction costs increased more than 5% in Los Angeles alone, and this year, many expect costs to continue to increase sharply as trade tensions rise. These costs are having a significant