REDeveloperGuy

A little about me: - Over 10 years development experience at a small shop. - I have done everything from acquisitions, to financing, leasing, entitlements, construction and dispositions. - We have done everything from a 2,500 single tenant Starbucks to a 500,000 sf power center.

Ooof

It happened again 🤦🏻‍♂️

Every Texas town has been killing us with “impact fees” lately. This is for a single tenant retail building. We got hit with similar on a freestanding QSR last month.

New Chipotle Under Construction

If a broker introduces you to a lender should they get paid in perpetuity on every loan you do in the future with that lender?

City of Austin site plan review fees. $30,000

Today’s Bible:

Steel is up. 14,000 sf early ed.

Always a good day when you get this. Am I right @dirtdog

Always a good start to the day and week.

MUD tap fees for a daycare in Houston. Not exactly what we had budgeted.

Story time. Completed a 4,000 sf dental office. The city came to do final inspection for CO. They decided they didn’t like the exterior light fixtures they previously approved. Now they won’t give us a CO until we replace them.

Seen at my local Starbucks today 😬

It is not everyday you see snow on your Texas construction cameras.

Is this like coal for real estate?

Construction loan closed for Early Ed BTS. Tough space for some banks but pretty happy with these terms. - $4,520,000 - 75% LTC - 24 Months I/O - 3 Year Perm Option (25 yr/am) - Prime -0.50% - 0.50% Origination Fee - No Personal Guarantee - No Prepayment Penalty - Texas Bank

TIA’s used to be infrequent, now just about every project requires one.

This one is coming along.

Spending too much time reviewing G702 & G703 forms for errors lately.

Industrial question. Northeast 40,000 sf building, single digits rent, 10 year term, what is the going leasing commission?