Blogs

Whether you are a developer, builder, equity firm, or investor, a third-party consultant cost to complete is imperative to have for any land deal. You will typically see one all-in cost or a per dwelling unit cost for the project they are proposing to develop or buy. When we go…

Did you know…. Murow DC provides Budget Document Management and Processing to support your team’s Department of Real Estate (DRE) requirements.  Here’s a quick overview of the process: The DRE’s main role is to protect the homebuyer from misrepresentations and fraud as well as ensure that Developers are properly disclosing…

Changes in work can spark at any time for many reasons on any development. From design changes to unforeseen conditions, you really need to stay on your game! It is important to know how to navigate through these many scenarios, especially if you are involved in a project involving a…

When a developer is posting performance bonds before the construction of a new community, the agency whose jurisdiction the developer is building in will decide which improvements the developer should bond for.  Most bonded improvements are public, meaning they tie into an agency’s existing infrastructure system and will be maintained…

Real estate development can be a risky proposition, especially if a proposed project is “unentitled” for the proposed end-use. The entitlement and permitting processes (i.e., securing the approvals to develop a property for the desired end-use), especially in California, are widely considered the main risk to a project’s success or…

Balancing earthwork on a site can make or break a deal in land development. While there are multiple scenarios that make grading more difficult, such as groundwater, rock, fault zones, hazardous materials, and stabilizing slopes; there are ways to design and balance the site to make your project cost efficient.…

All agencies have their own separate requirements that builders / developers must fulfill before their bonds on a project can be released.  For instance, depending on the location of a project within the County of Riverside, the County of Riverside Transportation Department could require an acceptance letter from the Eastern…

A core question our firm receives all the time is, “What is the best strategy to manage our reimbursement packages and track our expenditures?” With each financing program [ex. Transportation Uniform Mitigation Fee (TUMF), Development Impact Fee (DIF), Community Facilities District (CFD), Road Bridge Benefit District (RBBD), etc.] and jurisdiction…

In 1999, the California Legislature enacted a law that allows many public agencies to require licensed contractors – that intend to bid on a public works job – to “pre-qualify” for the right to bid on a specific public works project (or on public works project undertaken by a public…