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NOVEMBER 3, 2005

HOW CONSTRUCTION MANAGEMENT CAN SIMPLIFY BUILD-OUTS

- Real Estate Weekly


By Eddie Hidary

In the NYC office market that we at Hidrock Realty like to call “The Jungle,” tenant turnover leads to space renovations. Many landlords consider these buildouts an afterthought compared to getting a leased executed. The real estate industry contains many specialties like acquisitions, leasing, property management and financing. But another critical segment at Hidrock Realty is Construction Management. A landlord should not simply hand a buildout to his super or property manager as these jobs require much more follow-up and insights than one would think. Following is an example of the project timeline when handled by a Construction Management Team (CMT).

 

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2005-November