Lisa Russo, Head of Construction at the Community Preservation Corporation, and Damian Watch, Vice President at PGM Real Estate, share their insights on commercial construction risks. They discuss the impact of volatile interest rates and tariffs, emphasizing the need for detailed contract reviews. Strategies for risk mitigation, such as early material procurement and increased contingencies, are explored. Labor challenges are highlighted, especially in affordable housing, amidst ongoing market volatility and innovative financing solutions.
