SAN FRANCISCO: Lessons From The Fire

Fire is an unspeakable tragedy no one should endure, and all we can do is learn from it. Former BRE Properties EVP and general counsel Kerry Fanwick had some takeaways from the March fire that destroyed BRE's 172-unit apartment structure in Mission Bay. Insurance policies can be (intentionally) tricky in how they are written. Kerry stresses the importance of having knowledgeable advisors to explain what's covered. He suggests developing a relationship with both insurance companies and advisors. Sometimes giant developers and giant insurance companies don't take the time to forge relationships, but it's about human-to-human contact and getting together to figure out a resolution.

Continue reading this story with a free account

Log in or register
Related Topics: Kerry Fanwick , Mission Bay
Sign up for more articles like this
Subscribe to Bisnow's National Newsletters
Related Stories

Midterms Results: What We Know So Far About CRE's Shake-Out

U.S. Hotel RevPAR Surges 7% In Q3, But Expect Easing From Here

Stock Sell-Off, Bond Market Jitters Signal Financing Trouble For AI Data Centers

Suburban D.C. County Weighs Microhousing As Affordability Salve

Fannie Mae, Freddie Mac Rewrite Underwriting Standards For NYC's Rent Freeze

Starwood Launches Residential Land JV Targeting $1B In Annual Originations

RealPage Antitrust Case Ends With Nearly $360M In Settlements For Renters

ZOM Living Entity Files For Bankruptcy To Fund Fight To Overturn $323M Judgment

How Colliers Engineering Helped A Struggling Dam Move To The Head Of The Class

Golden Apartment Building Sells For $62M To Chicago Company

Real Estate's Bottom Rung Is Getting Harder To Reach — And Now It Wants AI Skills

New Student Housing Towers Lease Up Quickly In University City, But Developers Can't Build More