Real Estate Development Suffers Expensive Construction Delay

Case Overview

This case takes place in California and involves the development of a large mixed use complex in the suburbs of a large American city. The mixed use development is owned by a large development company with national operations. One of the partners in the development, a construction company, failed to complete their assignment on schedule, as they had apparently utilized the incorrect variety of rivet during construction and needed to start over entirely. This snafu forced the development company involved in the project to allocate a large sum of money in order to preserve the overall project timeline. It is alleged that the construction company failed to provide services as were agreed to in the original contract, and that they have caused damage to the development company and its reputation. A crisis management expert was retained for this issue.

Questions to the Construction expert and their responses

Have you managed construction schedules for large construction projects?

If you are looking for a developer with expertise in development and construction to provide expert testimony pertaining to higher level matters pertaining to managing development and construction in this space and impacts of delays on schedules, options to accelerate schedules which have become delayed, etc., I may be a source for you.

Do you have specific experience managing mixed use construction projects?

My company is a national owner, operator and developer of real estate. With a portfolio of property valued at over $300 million, we were recognized in 2014 by an industry publication among the 25 largest owners of mixed use properties in the U.S. For 10+ years, the firm served as master developer of an award-winning mixed use development in a major American city.

Do you have experience identifying and managing delays in large construction projects?

Please describe why you are qualified to serve on this case.

My company is a national owner, operator and developer of real estate. With a portfolio of property valued at over $300 million, we were recognized in 2014 by an industry publication among the 25 largest owners of mixed use properties in the U.S. With more than $500 million in completed acquisitions, we are among the Top 10 largest buyers of space in the country since 2007. For 10+ years, the firm served as master developer of an award-winning mixed use development in a major American city.

About the expert

This highly qualified expert received his MBA in Real Estate Finance from San Diego State University. He was awarded Entrepreneur of the Year (San Diego Region) in Real Estate & Construction by Ernst & Young. He is a member of multiple professional organizations including being on the Executive Committee for the San Diego State University Corky McMillin Center for Real Estate, the President of the Poway Unified School District Foundation and a member of the Association of University Real Estate Officials. He was the former Senior Vice President and Chief Financial Officer for The Platt Companies, as well as being the former Regional Director of Real Estate Consulting at Price Waterhouse Accounting Firm. He is now President and Chief Executive Officer of a Private Real Estate Properties Company.