Developing commercial real estate has a lot of moving parts, and it is not something you can handle on your own. According to an experienced professional, Jonathan Rooks, setting up strong partnerships is critical. There are obstacles that are going to arise along the way, and if there is a strong partnership in place, it is possible to keep the project on track. In particular, it is important for private businesses and industries to have strong partnerships in the public sector. Because there are requirements that have to be met, having someone in the public sector that can expedite permits and approvals can make a significant difference.
The Benefits of Partnerships Between Public and Private Sectors
There are significant benefits that projects will enjoy if there is a strong partnership between the public and private sector. There is a tremendous amount of creativity, energy, and entrepreneurial spirit that comes from the private sector. They carry with them tremendous resources and momentum that can significantly improve a town or city. Strong commercial real estate projects can even turn the location into a major tourist destination.
At the same time, the public sector is an important counterbalance for the private sector. …Read More