Dec
18
December 18, 2019
How Construction Managers Drive Projects Forward Construction managers are specialized project managers. In real estate improvement projects, a good construction manager and team keeps an eye on big-picture factors while paying close attention to details. In general, construction managers oversee a handful of key factors: cost; time; scope and quality;...
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Dec
06
December 6, 2019
Six Reasons to Not Hire a Project Manager A real estate investor contacted Real Projectives® some months ago, asking for help with a new hotel project in California. The deal involved a hotel operator, contractor and architect team the investor had worked with before, in a location that was familiar...
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Nov
20
November 20, 2019
Who’s in Your Corner? Whether you’re in a boxing match or investing in real estate, it’s good to know you have someone in your corner to count on. When investing in real estate value-add or development deals, that someone is your owner representative, and it’s his or her job to...
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Nov
13
November 13, 2019
Supporting Private Equity Investing Private equity firms and other wealth managers who invest (or plan to invest) in real estate deals often need assistance before, during and after closing each deal. While such services span many professions, our Real Projectives® efforts are generally grouped into three categories: purchase advising, project...
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Oct
25
October 25, 2019
Construction Management vs Project Management? Defining the Terms Terminology might seem tedious, but when terms aren’t defined or are used loosely, confusion can result. Two frequently used terms in our industry are often interchanged and can lead to confusion: construction management vs project management. The following will walk through the...
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Oct
09
October 9, 2019
Working the Plan with Project Management When it comes to scheduling, we plan backward and execute forward. Sounds catchy, but what does it mean in the real world of project and construction development management? Consider this example from a recent project: a multi-story apartment building that was undergoing renovation. The...
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Sep
25
September 25, 2019
When Is a Construction Projection Completion Really Complete? In a construction project, the terms “substantial completion” and “final completion” represent critical points in time. Yet evaluating each one and measuring completion isn’t quite as cut-and-dried as it might seem. For example, is a five-story apartment building considered substantially completed when...
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Sep
18
September 18, 2019
Summer Outing Turns Up the Heat The trivia competition was as hot as the scorching, humid weather for the annual Real Projectives® staff picnic held in August at Granville Gude Park near our office in Laurel. Fortunately, we had plenty of cold drinks to keep the festivities going. As...
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Aug
30
August 30, 2019
Congratulations to Eloise Klein and James McChristy Real Projectives® is thrilled to promote Eloise Klein and James McChristy to project managers. While the title of project manager is thrown around generously in many industries, Bryan Burnette, their supervisor and director of project management, stated, "We treat the role of project...
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Aug
22
August 22, 2019
Not all renovation projects are alike. That’s why many real estate owners and investors hire expert representatives to look out for their best interests in setting up and carrying out important projects. And, the amount of oversight necessary depends on the extent and complexity of the intended renovations. Let’s break...
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