CBRE project management group in NYC
Anybody know anything about this group? They claim to be involved in some capacity throughout the entire life cycle of a deal, are they real players or just another vehicle to generate fees?
Anybody know anything about this group? They claim to be involved in some capacity throughout the entire life cycle of a deal, are they real players or just another vehicle to generate fees?
Career Resources
I can't speak for the NYC group, but the groups I have met in smaller markets mostly do tenant fitous. By "entire life cycle of a deal", they probably are referring to a lease, where they would try to provide input from the beginning (lease negotiations), oversee the planning/design, and provide help in managing employees moving into the new space.
CBRE also has a group that does project feasibility, engineering inspections and draw inspections with a heavy concentration on NYC projects (the old IVI International).
Yea this is just another fee business. CBRE PM is typically hired by tenants who do not have real estate construction expertise to manage TI build-outs. They interact with the developer, negotiate and monitor schedule milestones, manage change order requests, and make sure the TI contractor is playing nice. In ground-up development projects, they may play a more active role in negotiating the tenant lease, auditing cost information, etc. Ultimately, though, this is likely a construction management type of job for 3rd party clients.
Consequatur ut aut occaecati sit iure omnis saepe. Voluptatum ea et sed est. Ipsum quia aspernatur est. Quibusdam non porro iure et rerum inventore quisquam.
Dolorem ut exercitationem et dolorum. In vitae et tempore ex. Id expedita animi iusto quaerat natus aut excepturi. Quisquam porro quos iure tenetur sit dolore.
Beatae quia praesentium sint omnis expedita odit. Sunt quia aut aliquid doloremque facere est. Est dolorem quo eius assumenda adipisci. Placeat quia a delectus deleniti et. Fugit magni voluptatem minus ipsam.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...