Most of the region's submarkets are well-balanced, and speculative construction remains quite disciplined, according to JLL.

It boils down to the fixed-cost versus cost-plus debate.

The pipeline remains full as demand continues for readily available access to capital on well thought-out projects ranging from large flagged hotel brands to boutique concepts such as the 61-key Park James.

Architect David West explains key post-Hurricane Sandy zoning regulations and gives waterfront property buyers the questions to ask.