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Both the owner and general contractor face a swarm of unpredictable variables, and liability insurance can lead to a construction project's long-term success or disastrous ruin.
IRVINE, CA—ATTOM Data Solutions' Daren Blomquist notes that most of the foreclosure activity increases in states including Colorado and Georgia are more heavily tied to loans originated since 2009.
LOS ANGELES—Measure JJJ, also known as the Build Better LA initiative, passes with tremendous voter approval, and the development community is preparing for the big changes that it will bring.
TRENTON, NJ—New Jersey voters resoundingly defeated a proposal to extend casino gambling into North Jersey, while requiring the state to dedicate the newly increased gasoline tax for use only in the Transportation Trust Fund.
SAN FRANCISCO—Five real estate-related measures were on the ballot this week, and all but two seem to be headed for defeat, with the two victorious ballot issues dealing with arts space replacement and exemption of the Hunters Point Shipyard from office space limits.