"How did they do that?" is a question I hear often, and ideally it is because of something I helped a valued client with or started as a "First In" project. It is a two-step process to be the person that gets asked that question. The first step is to uncover the opportunity, while the second step is to know how to pounce on it.
This week's story about the "tallest tower" in Phoenix project being delayed seems like something that could happen, given supply chain and construction issues. However, as the below linked story indicated in the headline, the delay is due to financing. It certainly hurts the reputation of the developer to have it be public news that they are struggling to pull off such a huge project ($650 million). My immediate take from reading the details is that there is a clear opportunity for another developer or funding source to jump in, save the deal, make it happen much sooner, and come away with equity in one of the biggest deals in town.
Obviously, designs, plans, permits and everything else is in place. We may have a true motivated seller on our hands. This is another example of what could be a life-changing opportunity for executives of a large development or funding company. There is the line by hockey great Wayne Gretzky, "You miss 100% of the shots you don't take".
Somebody out there could be "first in" on a great opportunity.
https://ktar.com/arizona-business/tallest-tower-project-astra/5739432
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