PRACTICE AREA

Real Estate

Randall Gross / Development Economics brings nearly 35 years of experience providing economic and strategic planning services for all types of real estate development.   RGDE performs market analysis and determines the market potentials for retail, office, residential, industrial, and other uses; examines the highest and best uses for property; tests the financial feasibility of various development and redevelopment opportunities; and prepares strategic development, management, and implementation plans.  Mr. Gross also assesses the fiscal and economic impacts of all types of development.  Key real estate services provided to private, public, and institutional clients include:

 

  • Market Analysis: RGDE forecasts the market demand and potentials for all types of land uses and development projects and plans.  Mr. Gross uses time-tested, market-based economics and verified methodologies that differ for each type of real estate and each location. He does not rely on “canned” data from online sources. He not only gains an understanding of existing real estate market conditions through on-site field reconnaissance, building-by-building inventories, primary research and interviews, data collection, and analysis of trends; but also forecasts potentials in terms of DUs and square footage by type of product, pricing, and amenities within the competitive market. This broad-based experience enables Mr. Gross to understand the complexities of mixed-use development and project feasibility. RGDE doesn’t just turn out numbers. He is a strategic planning specialist who uses the findings gleaned from the market analysis to define effective development concepts, marketing strategies, financing approaches, and other strategies for successful implementation. He performs market analysis of the following:

 

  • Housing (market rate, affordable, and mixed-income)

  • Office

  • Retail & Restaurant

  • Industrial

  • R&D & Technology

  • Audience Support (entertainment venues, arenas, etc.)

  • Hotels and Lodging

  • Conference, Meeting, & Convention

  • Tourism Attractions (museums, reserves, cultural centers, etc.)

  • Sports, Recreation, Health & Fitness Facilities

  • Various Mixed-use Development

  • Specialty: Military base reuse, heritage building reuse, others, etc.

  • Financial Feasibility Assessment: RGDE determines the financial sustainability, viability, and/or feasibility of real estate projects, with a particular specialty in public-private partnership or complex urban redevelopment projects.

 

  • Fiscal and Economic Impact Assessment: RGDE is often hired by private developers and public agencies to determine the public benefits or cost-benefits of projects as part of public-private partnerships or to help garner public support for use of public infrastructure needed to leverage private investment.

 

  • Development Strategic Planning. Provides a variety of strategic planning services for development including concept development, marketing strategies, phasing plans, financing strategies, and ongoing asset management strategies in coordination with brokerage and management companies.