"We're looking for alternative revenue sources," Collins says. "We have expertise in cleaning up property and getting it ready for development, and they have development expertise, so it's a good marriage."
In the past, the agency cleaned up contaminated sites and sold parcels to developers or build-to-suit users for a nominal fee--with these requirements:
* The companies must develop quality buildings that cost a minimum of $38 per sf.* Provide at least one job per 1,000 sf.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
