Real Estate/Development
Jul. 22, 2003
Contaminated Properties Become New Investment Niche in Tight Real Estate Markets
BY DANIEL JOHNSON A growing number of California developers are realizing that getting their hands a little dirty can really pay off, especially in tight real estate markets such as San Diego and San Francisco, which face land shortages and cap rates in the 5 percent or 6 percent range in low-risk niches such as apartments.
BY DANIEL JOHNSON
A growing number of California developers are realizing that getting their hands a little dirty can really pay off, especially in tight real estate markets such as San Diego and San Francisco, which face land shortages and cap rates in the 5 percent or 6 percent range in low-risk niches such as apartments.
Of the 500,000 contaminated sites that sit abandoned across the United States, 100,000 are located in California, with fair market valu...
A growing number of California developers are realizing that getting their hands a little dirty can really pay off, especially in tight real estate markets such as San Diego and San Francisco, which face land shortages and cap rates in the 5 percent or 6 percent range in low-risk niches such as apartments.
Of the 500,000 contaminated sites that sit abandoned across the United States, 100,000 are located in California, with fair market valu...
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