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Real Estate Development Processes Evolve with Cutting Edge Innovations

PR Newswire - Fri Jun 2, 2023

FinancialBuzz.com News Commentary

NEW YORK, June 2, 2023 /PRNewswire/ -- In recent years, mixed-use real estate development has gained significant momentum worldwide, transforming the way we think about urban spaces. By integrating residential, commercial, and recreational elements into a single project, these developments offer a multitude of benefits for both developers and investors. In recent years, developers started to leverage cutting-edge solutions to streamline construction processes, enhance efficiency, and improve overall project management. The use of Building Information Modeling (BIM) allows for detailed planning and collaboration among various stakeholders, resulting in optimized designs and cost-effective construction methods. As for financing, mixed-use developments require significant investment due to their complex nature. However, the benefits they offer, including diversification and reduced risk, make them an attractive option for both developers and investors. VCI Global Limited (NASDAQ: VCIG), Kilroy Realty Corporation (NYSE: KRC), VICI Properties Inc. (NYSE: VICI), Armada Hoffler Properties, Inc. (NYSE: AHH), Essential Properties Realty Trust, Inc. (NYSE: EPRT)

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