I'm referring to jobs like this with the title of Project Manager at CBRE, JLL, Cushman, etc. Not sure how it differs from being an owners' rep.

I more so am interested to hear how it differs from working in Project Management at a large contractor or construction company. CBRE and its contemporaries are not focused specifically on construction/development, so I'm wondering if this changes anything in regards to responsibilities, client type/interaction, etc, and why this is or isn't more attractive than being a PM at, say, Suffolk Construction or Skanska.

 
Most Helpful

I would assume this is "owners rep" service and likely part of these firms 'occupier services' group. Many large tenants will engage a services firm (like CBRE) to manage their whole needs for locating a workforce. From space planning, site location, lease negotiation, space design, build-out, etc. I would assume this PM would be the PM on behalf of the client and thus work directly with the team at the architect and GC.

It's common for clients of GC firms to have an 'owners rep' who looks over the work and best interests of the owners. This may be similar to the role that construction managers play at development firms (they usually in house those roles by necessity and desire of control).

I would look on CBRE's website and see if you can figure out how they are selling or positioning that service. My guess it the job would be quite different than working for GC, but similar knowledge likely required.

 

If you have an interest in Construction or just want to go the construction route for future Development opportunities, I would 100% avoid one of those Owners Rep roles doing tenant fit outs at CW/JLL/etc.

I use to work with those guys all the time for our CapEx projects. I would avoid unless you want to spend 95%’of your time arguing with subs on why the toilet was installed in the wrong place “because the lease says so” or get yelled at by some Admin Asst of the tenant your building space out for who knows jack shit about construction.

 

I used to do this, and redever has it pretty much right.

I think it's a logical step up from working as a GC PM. GC PMs will be managing subs, construction schedule, and cost; focusing only on the construction aspect. Owner's reps will be managing the Architect, GC, FF&E vendors, permit expeditors, etc. It's a similar project management skillset, but different vendors with a higher level view. I think it's a good route if you've got actual GC or design experience and need to supplement your base of knowledge, but it's super pigeonholey if you've got no actual ground-up experience; you will probably be stuck doing bathroom reno's. However, I don't think you need to be there a long time to get what you need. I think it's a bad place to start, but a good area to supplement if that makes any sense.

 

Omnis voluptas et ut est tempore. Nostrum reiciendis quos dolore.

Career Advancement Opportunities

April 2024 Investment Banking

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

Overall Employee Satisfaction

April 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

April 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

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (145) $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
CompBanker's picture
CompBanker
98.9
6
dosk17's picture
dosk17
98.9
7
kanon's picture
kanon
98.9
8
GameTheory's picture
GameTheory
98.9
9
bolo up's picture
bolo up
98.8
10
Linda Abraham's picture
Linda Abraham
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...”