Adaptive reuse is the conversion of a building from its original purpose to a new one, most prominently transforming obsolete office, retail, or industrial buildings into residential or mixed-use space, then profiting from the gap between the cheap, functionally obsolete building and the far...
Log in to followTwo ways to control an obsolete building while you find out whether it converts, and I've priced both this year on similar boxes. One: buy it. You get a price that reflects the fa…
Two buildings I've read files on recently, and the people advising each one were confident in opposite directions. The office case: 1960s three story, roughly 12,000 sf floor plat…
9,000 sf, two story, was a furniture showroom until about 2016 and has been half empty since. Upstairs converts reasonably cleanly to six one bedrooms. The ground floor is the arg…
I'm putting together a paid feasibility screen for operators looking at obsolete office and retail stock, and I can't get two clients to agree on what the first deliverable should…
I'm putting together a screening service for people looking at obsolete office and retail buildings, and I've hit a question I can't settle on my own, so I'd rather ask the room t…
A broker forwarded me a two story former medical office, about 11,000 sf, asking around $58/sf in a small city where finished two bedrooms lease fine. My first thought was that it…
I've spent the last few months reading conversion pitches from the capital side and the split between them is sharper than I expected. One group underwrites the building on its ow…
I'm modeling a 24 unit conversion out of a 1970s office building, all-in around $4.6m, and the two exits produce different projects, not just different returns. Sell at certificat…