The gorgeous lifestyle centers, fresh new neighborhood grocery stores and favorite restaurants we all enjoy all come at a price. It takes time, financial resources, strong relationships with public partners and a little bit of luck— sometimes, a lot of luck to bring a project to life. In this episode, Capital Rivers Commercial President Greg Aguirre shares his “addiction” for real estate development and a couple of the curveballs he & his team have been thrown while developing projects across the Sacramento-area.
Listen as Greg goes into detail of commercial real estate development stories and the struggles that come along with it. He says, “for the most part, development is incredibly difficult. I mean, it’s got to be one of the most challenging businesses for a number of reasons, particularly in places like California. Not only are you going and trying to find a piece of property that you can add value to, but you’re balancing all of the various risks which include coordinating, bringing the tenants. And they’re going to add the value or redeveloping the center”
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