California’s SB 326 is a crucial piece of legislation designed to enhance the safety of homeowners’ association (HOA) communities. This law mandates that HOAs inspect standard area balconies, decks, and other elevated structures every nine years to identify water damage, structural weaknesses, and potential safety risks. The goal is to ensure timely repairs, prevent accidents, […]
Risk Management through Due Diligence: How Preparation Leads to Informed Decision-Making in Real Estate Development
How Preparation Leads to Informed Decision-Making in Real Estate Development Robust due diligence is essential to effective risk management, particularly as the “free money” era fades and interest rates become less favorable. With the stakes higher than ever, it’s crucial to fully understand the potential hazards and the high-consequence events that could arise entirely—those with […]
History of Sears Building Conversions
Over the years, many vacant Sears buildings across the country have been converted to various uses, including: Mixed-use developments: Combining retail, office, and residential spaces. For example, the Sears building in Minneapolis was converted into the Midtown Global Market, a cultural and commercial center with food stalls, shops, and office space. Offices: Conversion to office, […]
Investing in Commercial Real Estate
Investing in Commercial Real Estate Are you investing in commercial Real Estate? Investing can be crucial to one’s financial goals. Real Estate provides security. With the help of EJR Group, you can begin building your real estate portfolio. We help navigate the pros and cons of purchasing, redevelopment, repositioning, and development. Pros Provide solid and predictable returns […]
Problem-Solving Attitude
Problems are a fact of life. This means that is a fact of all of our jobs and careers. Problem-solving is about adjusting your attitude and mindset. Do Not dive headfirst to fix, fix, fix. Spend a few moments thinking about the solution first. Quick answers are important, but planning your solution will save you in the long […]
High Potential Markets
There are sites, old buildings needing demo and redevelopment, government tax credits, and vacant spaces available for sale or lease all over the country. But the most important is the market they exist in. And how do we know what the market is like? Define the wave of Growth. The Geographic Area and Level of […]
Erin Jackson of EJR Group
Her position at EJR Group is to help cut through the complexities of development by organizing critical development information into a built reality. Questions + Answers with EJ 1. What do you love about your job? Every day is different. With multiple projects at various stages, my day could involve anything from deal vetting and site […]
How to Select a General Contractor
How to Select a General Contractor In CRE Development, working with a contractor is a way of life. Therefore, selecting a good General Contractor will improve the Construction process of any Development project. Things you will need before selecting a General Contractor:1. Set of Construction Documents for an accurate Bid, the more detailed, the better2. Have a Schedule […]
Tips for Staying Ahead in Construction
Tips to Stay Ahead in Construction Define the Project Early — Don’t Let Scope Drift – Outline scope of work for everyone involved Use “Progressive Costing” to Prevent Budget Blowups – Require cost checks at each phase/ milestone of the project. Map Out the Critical Paths – Continue to map out/ schedule critical path items […]
3 Reasons Why to Hire an Owner Rep
Top 3 Reason Why You Need EJR Group 1. Reduce Development Over-Load/ Time Saving.Our services are for commercial real estate owners and tenants whose existing team lacks the depth of resources to manage all components of development projects. We serve as an extension of their staff, allowing our clients to focus on their core business without […]