Real estate developer Randy Fifield explains how multi-generational family developers utilize legal provisions and zoning in California multi-family properties.
Opinion
Fifield: Few women in real estate are willing to sign loans
“You don't find a lot of women. You know, in this business that are willing to sign the loan and take the risk.”
Opinion
Fifield: Housing shortages and taxes drive rent hikes, not developer greed
“They don't really understand that apartments are actually constrained and the taxes and the pension of these states and the constraint of not being able to build them fast enough is causing the prices to rise. It's not the greedy developer that's causing the p…”
Opinion
Fifield: Chicago conditions are getting better despite investors turning away
“I think if you had to ask me, I think this is a legacy asset, at least for me and my family, that's how in the category that it goes in. To invest in Chicago where a lot of people are turning their back on Chicago. It felt right to be part of a family organiza…”
Opinion
Fifield: Real estate deals exist constantly despite claims of stalled markets
“Sometimes you talk to people like, Paul, there's no deals. There's nothing's getting done. And I'm like, that's not true. Deals cross my desk every day. It's whether you have the appetite to do them, the money to do them, the desire to do them, the risk profil…”
Opinion
Fifield: Concrete high-rise residential construction is difficult in major US markets
“When you go downtown and you see concrete high rise construction on apartments, very, very difficult to do today in any sub market, New York, Chicago, even Nashville”
Prediction Not checkable as stated
Fifield: Real estate will see more female developers taking loan risk
“In the future, we'll see more. You see Jeanie Gang. You see people, and she's also a really nice person, a very thoughtful person. You will see more women. You know, Jeanie's an architect, right? So she's not really signing the loan. She gets a lot of credit, …”