Erika Morphyis co-editor of Debt and Equity Journal, from whichthis article is excerpted.
Milford, CT—During the past few years, Jon Walker,managing director of Environmental Data Resources Inc., aprovider of environmental risk information, thought findingfinancing for brownfield redevelopment was getting easier. In thepast few days, he has realized he is not alone in hisassessment.
The firm surveyed attendees at a recent industry conference andthe findings supported a trend that Walker says is rapidly gainingmomentum--valuations of brownfield developments are increasing, solenders are more willing to underwrite projects. In the survey, 76%of respondents attributed the heightened brownfield activity to anincreased return on investments relating to the remediation ofthese sites.
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
*May exclude premium content
Already have an account?
Sign In Now
© 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.
Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
