REAL ESTATE MARKET UPDATES, COST REDUCTION STRATEGIES AND CONSTRUCTION / PROJECT MANAGEMENT TRENDS
With the COVID-19 recession upon us, some real estate submarkets have yet to experience price reductions while others have dropped substantially, leaving many corporate space users unaware of the latest strategies to capitalize on market trends and reduce occupancy costs. In addition, for companies that are constructing space or building out tenant improvements, some states kept job sites open by declaring construction an essential business. Even so, a survey of Project Managers throughout North America indicates many initiatives are still experiencing delays. Disruptions to supply chain, labor availability and permitting processes create challenges for construction projects including tenant improvement build-outs.
Join us for this session hosted by George Boyadjis, CPA, former National Board Chair for FEI, and Vice President, Corporate Solutions with Cresa Minneapolis.
Topics covered will include:
· How are the real estate submarkets changing?
· How can corporate space users achieve cost reductions?
· What’s the impact of Covid-19 on construction projects and tenant improvement build-outs?
· How can you minimize delays and get your project completed on time and on budget?
Our program will feature Cresa Minneapolis’ Principals Jim Vos, Suzanne Grimm and Steve Dorgan, who collectively bring over 70 years’ experience in navigating chaotic real estate markets and exclusively serving corporate tenants – users of space.
Jim Vos, Principal, Cresa
As a Principal with Cresa, Jim’s broad range of experience comes from 30 years of work in many service lines in the commercial real estate industry. His primary activities involve client lease negotiation in the Minneapolis central business district, the crafting and implementation of strategic real estate plans for local and national organizations and facilitating the development process for large or complicated corporate facilities. Well-known in the industry, Jim is often called upon by the media to provide perspective on economic trends and their impact on corporate real estate markets. Clients appreciate his diverse mix of project experience, strategic business perspective, and knowledge of local market trends. Jim’s recent projects include office, industrial, and retail product-types with leasing, development, and acquisition requirements.
Suzanne Grimm, Principal, Cresa
As a Principal with Cresa, Suzanne brings over 22 years of experience helping clients make real estate decisions that contribute to the success of their business. Suzanne manages global and national accounts as well as leading the Cresa Minneapolis nation-wide real estate tax appeal practice. Her diverse background in global account management, facilities acquisition, site selection, real estate tax appeals, construction project management, and strategic planning of office, industrial, and manufacturing spaces enables her to provide superior client-service advice, particularly when it comes to negotiating building and lease values. Sue’s recent projects include office and industrial product-types with leasing, development, site selection, acquisition, economic incentives and real estate tax appeal requirements.
Steve Dorgan, Managing Principal, Cresa
As a Managing Principal with Cresa, Steve co-manages the Minneapolis office and holds or has served in several leadership positions nationally with Cresa. Steve has over 20 years’ experience serving a wide array of clients in virtually every aspect of commercial real estate across a wide range of product types including office, industrial, medical and retail. Steve has a strong and diverse background in real estate and development management with experience in strategic planning, site selection, governmental entitlement, project financing, budget management, space programming, vendor selection, contract negotiation, design evaluation, development, construction, and relocation management. In addition, Steve leads the project management group for Cresa Minneapolis, ensuring clients receive the highest level of expertise and service necessary to execute and implement facility development, design and construction, and relocation projects.