Anticipate the unexpected
Connnecticut Mutual Life Insurance (CML) walked away from an announced high rise office development after the crash of 1987, leaving over $5,000,000 of pre-construction costs on the table, including my share of the anchor tenant lease commission. Subsequently, CML merged with Mass Mutual (1996), which is now the capital provider for the 300 South Tryon Street office high rise and hotel development now under construction (2017 opening projected). Be alert. Stuff happens.