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Canna Real Estate Group is currently working on a scaled renovation of an existing warehouse property in Mass.    This effort will be a complex overhaul and upgrade of all building utility systems and then a demising of the interiors for a sophisticated cultivation and processing facility.   We’ll be headed to the site in a...

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We knew this was coming….   Due to 2020 pandemic-related supply chain disruptions,  we’re now realizing an unprecedented construction materials shortage in most areas of the country.   As seen in last weeks’ Globe Street article, steel, lumber and glass materials manufacturing and shipping have all been delayed this year. https://www.globest.com/2021/05/26/builders-advised-to-stock-up-on-lumber-steel-as-shortages-loom/?slreturn=20210431084845 Take the time to visit with...

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We were in Southern California last week to visit with some of our good friends there.   One of our Owner/Operators is under construction for a new 10K SF cultivation project located in a high-desert area with lots of solar gain and plenty of ambient wind.   They’re using an amazing poured-in-place block material called “jumbolite” which...

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We’ve been collaborating with our partners and preferred service providers in the great State of New Jersey for many months now.   Not only are we working with several municipally-approved “green zones” and their representatives, we’re also working with several of our commercial real estate friends to help us qualify available properties   We’re headed to New...

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NewsGot Vert?

January 15, 2021by Bill

One of our more forward-thinking cultivation clients, who have operated in traditional grow facilities for years, is considering “going vertical.”  We’re collaborating with an established vertical-horticulture design and manufacturing company to provide a vertical design for our proposed grow facility in Michigan.  The ceiling height of our proposed facility will permit for three full “levels”...

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We were recently in Detroit to look at a 1940’s vintage warehouse as a client there wants to put a cultivation facility there.   So for this build, we realized we’d have to “build a box within a box” meaning that in addition to overhauling and renovating the building shell and roof, we’d then build the...

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Like the cannabis industry as a whole, we’re finding more and more willing private equity investors and established CRE lenders that are blending solutions for cannabis commercial real estate projects.   For example, Canna Real Estate Group recently structured a “mezzanine” blend into a project construction loan allowing the Borrower to attract investor participation.   These multi-tiered...

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