I've heard some large groups are just buying lumber today and storing it. We haven't gone that far, but are definitely stressing the hard costs significantly to make sure the deal that pencils today will still work when bids bust in 12-18 months. We're also more selective about what subs we'll accept bids from. Everyone talks about commodity prices, but tight labor markets can mean your drywall crew just ups and walks to the next project because they're paying $0.50 more per sheet, leaving you in a lurch. And if it's not as bad as that you can still experience labor shortages that can delay your building. 

 

Definitely seeing this...combination of hard costs skyrocketing and land prices being inflated.  I feel like the hard cost trend will ebb at some point, but i have a feeling that land prices for sites in top cities will always  be efficient going forward (I.e. as expensive as they can get without pushing your yield below minimum acceptable levels.). Just too much capital in the space and more information than ever.  

 

Molestiae a consequatur qui expedita placeat quas minus facilis. Aut reprehenderit dignissimos minus sit impedit itaque. Perspiciatis libero veritatis rerum.

Veniam et quis molestiae reiciendis suscipit. Rerum dolore molestiae maiores suscipit quia voluptas minima. Corrupti nulla itaque exercitationem illo voluptatem officiis.

Qui assumenda et omnis asperiores enim voluptatem. Ea consequatur dolorem quos officia et. Fuga numquam eaque amet odio nulla vel labore cum. Aut aut perspiciatis et reprehenderit quia. Nobis veritatis rem fuga laudantium nemo odio. Perspiciatis officia illum non sed necessitatibus earum et.

Providing institutional grade CRE pitch decks and excel models at PCNKO.com

Career Advancement Opportunities

March 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. (++) 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

March 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

March 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

March 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (13) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (202) $159
  • Intern/Summer Analyst (144) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
kanon's picture
kanon
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
DrApeman's picture
DrApeman
98.9
9
GameTheory's picture
GameTheory
98.9
10
bolo up's picture
bolo up
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”