Real estate development project management for commercial real estate

Mitigate risks and meet real estate business goals

Projects are complex. Without the right project management expertise with processes in place a myriad of things can go wrong. These miscues result in extended deadlines or exceeding budgets, which is not just an issue for the project team; it’s disruptive to your business and profits.

At Avison Young, we start every project with strong, expert leadership so our clients have a high level of confidence from the onset. Applying our deep experience and market knowledge, we lead our clients in defining project goals specific to their business—from vision to completion. Then, we employ proven processes to assemble the right vendors and consultants to ensure a tailored solution to your specific need. All communications and information flow are facilitated to ensure that every discipline is aligned with the project goals. We initiate and manage the planning and execution process, oversee all resources, mitigate risks and manage changes on our clients’ behalf. This results in high-quality projects that are on-time, within budget, and meet our clients’ goals.

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We help clients across a broad spectrum of needs. For occupiers, we assist in the evaluation of stay-in-place renewals, consolidations, and restacks. We help with relocations to leased or purchased buildings. We also lead ground-up development projects. For investors, we help search for and evaluate new investments, as well as service existing properties or portfolios.

Our occupier services include:

  • Project initiation and setting of business objectives
  • Site selection comparison, zoning analysis, and due diligence
  • Project budgeting from benchmarking
  • Schedule development and management
  • Lease analysis for base building improvements and workletter
  • Oversight of governmental and local approval processes and incentives
  • Consultation on selection and contract negotiation

Project implementation services

  • Develop process and manage all communications and workflow
  • Oversee project planning, design, and documentation
  • Estimate construction cost and monitor budget parameters
  • Identify and provide options to mitigate risk
  • Update and manage budget and schedule with detailed client reporting
  • Manage change orders and cost segregation
  • Oversee construction bidding, value engineering, and coordination
  • Coordinate and oversee furniture, fixtures, and equipment bidding
  • Handle move management, close out, and space decommissioning
  • Assist with tracking and preparing of tenant reimbursement packages

Sustainable practices and certifications

  • LEED-accredited professionals
  • LEED experience for CI, NC, EB from certified to platinum

Our investor services include:

Base building services

  • Building evaluation and due diligence
  • Project budgeting and schedule development
  • Capital improvement services
  • Value engineering expertise
  • Detailed project administration and reporting
  • Sustainable practices and certifications

Development services

  • Site evaluation, zoning analysis and due diligence
  • Development of cost models during feasibility stage to enable financial decision making
  • Define ‘as-of-right’ development potential and coordinate site plan approval process
  • Provide development management services
  • Procure and manage all consultant/ vendor/contractor services

Leasing / tenant services

  • Marketing plans, workletter, and building standards development
  • Tenant programming/planning management
  • TI budgeting and workletter development
  • Tenant project management services

Construction management

  • Project planning, oversight, and budgeting
  • Value engineering expertise
  • Subcontractor qualification, bidding, and contract management
  • Construction project management and supervision
  • Manage safety standards
  • Lien waivers, punch list, and close out

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Key project management specialty contacts

Stephen Silverstein

    • Principal and Managing Director, US Studio Project and Construction Management
    • Construction Management
    • Project Management
[email protected]