by davis l
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Today's commercial real estate world is still crowded with many competitors, although the on-going recession that has plagued the country the last several years continues to put a damper on new projects, while eliminating some of the weaker firms. To be able to consider a new project today, a developer has to have a combination of well-heeled investors, their own funds, and banks that are willing to provide both the construction loan to complete the project, as well as the permanent loan to retire the construction loan and provide long-term financing, typically up to 30 years. In the current economic environment, this blend of requirements is not always easy to achieve. But if these requirements can be met, and the developer feels that there is a demand in the market for the specific project they want to build - be it a residential building, shopping center, an office building or a warehouse complex - they need to have an integrated team of professionals working in concert to make it a reality. It all starts with a property, or potential list of properties that might be appropriate for the specific project. A good land-use attorney must first get involved, to ensure that the local or state regulations will allow for the type of project the developer has in mind, and if there are some variable conditions that must be met, they must ensure that they in fact can be. If there are issues with zoning or setback issues which would impede the project, the land use attorney needs to ensure that they can be resolved satisfactorily before the potential project goes any further. Assuming that these hurdles are overcome, the developer would then buy the property with the blend of investment funds and financing that he has assembled, and the next phase of the development process can begin. Architects and engineers would be the professionals most likely to be engaged next. The engineers would examine the condition of the soil, and determine what type of reinforcements or construction materials would be required to provide a solid foundation for the building. Working in conjunction with the architects, they would begin to define and design the ultimate building, or series of buildings, that would be eventually built on the site. Even during these initial phases, way before construction has even begun, it is important for the developer to engage the final, and perhaps most important part of his overall team. To make his vision a reality, the developer needs to seek a professional commercial construction MN firm, who has the expertise and professionalism to transform the final plans into the finished product, on time and within the predetermined budget. Apart from providing quality construction and effective cost management, a commercial construction firm can also provide inputs on the latest green technologies, which will be of great benefit to the developer and his future tenants, while helping to protect the environment. All of these functions can be brought together under one firm, whose integrated solutions cover the entire span of building construction. One of the best firms in Minnesota, which has been around for over 30 years, is the Shingobee Company. Go to www.shingobee.com to learn more about all the services they can provide to make your commercial construction experience a pleasant and successful one. For more info. visit http://www.shingobee.com/
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davis l
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