|
Market
Research and Analysis
In order to be successful, real estate developments must be rooted
in the political, physical, financial, regulatory, and consumer realities
of the market. Building on our experience with a broad range of development
types in a variety of markets across the country, we thoroughly research
and analyze the unique circumstances and local conditions affecting each
new project. We produce strategic recommendations to structure a project,
reduce risk, add value, and bring the project to fruition.
Site Identification
and Evaluation
We have identified and evaluated numerous
sites for clients. While the site location factors will vary for each
client and product, the overall approach generally remains the same: by
analyzing clients key criteria, inferior or unsuitable sites are
eliminated so that only the most appropriate and favorable sites are considered.
This wide-net approach not only ensures that no suitable sites
are overlooked, but also that resources are expended only for sites that
will provide value.
Due
Diligence and Site Acquisition
Understanding the conditions and limitations of a property is the basis
for all sound acquisitions. The Grinnell Group brings together the resources
necessary for clients to assess potential properties. As clients
agents, we have successfully negotiated the acquisition of hundreds of
properties across the country. Through this experience, we have garnered
an understanding of the interplay among the legal, market, financial,
physical, regulatory, and human issues involved, and developed the seasoned
judgment necessary for successful negotiations.
Entitlements
and Permitting
Local permitting requirements vary from discretionary permits involving
elected officials and the public, to ministerial permits such as building
permits. Discretionary permits are potentially the most contentious and
risky part of the development process. The Grinnell Group provides clients
with a clear understanding of the dynamics involved in the process and
strategic plans for obtaining approval. While typically less contentious,
building permits can cause costly delays if the process is not managed
correctly. We help minimize these delays through an understanding of the
process and a proactive approach.
Project
Management
From concept to construction, numerous key work products and business
decisions are required, often involving many outside vendors and internal
client resources. The Grinnell Group manages projects to ensure the right
people have the right information at the right time.
Community
Relations
The need for public approval brings additional stakeholders into a project
government staff, appointed officials, community groups, and elected
officials. Because we understand how these stakeholders work and the dynamics
of their relationships, we are able to work effectively with government
processes and personalities. We combine research, strategic planning,
lobbying, press relations, and coalition building into an effective campaign.
Equity
Interest We are positioned to
take an equity in projects through direct financial contribution or creative
compensation arrangements with clients.
Community
Planning, Public Facilitation, and Implementation
Plans only have value if they are implemented. The Grinnell Group combines
significant research and analysis with a variety of public outreach efforts
to ensure that plans are based on a sound understanding of local market
conditions and enjoy the broad support of key stakeholders. Building on
the momentum generated through outreach efforts, effective implementation
strategies such as revised land use regulations, marketing plans, capital
investments, and targeted programming can bring a communitys vision
to reality.
|