Managing Change Through Owner Representation Our last article discussed the inherent risks of renovation and development projects and how owner representatives help to foresee and manage them. Now we’ll tackle the fact that change happens both from unwanted surprises and desired modifications. Change Is Constant Even the best-laid plans can... read more →
Jan
15
Jan
02
Managing Risk Through Owner Representation Wouldn't it be great if every project offered all reward and zero risk? You already know that's fantasy. Even the smallest renovation project requires several experts and many parts to come together in the right way and right time to be successful. New development multiplies... read more →
Dec
18
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;... read more →
Dec
06
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... read more →
Nov
20
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... read more →
Nov
13
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... read more →
Oct
25
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... read more →
Oct
09
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... read more →
Sep
25
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... read more →
Sep
18
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... read more →