Development Solutions

For Property Owners, Tenants, and Investors

DEVELOPMENT MANAGEMENT

EJR Group offers comprehensive commercial real estate (CRE) development services to support owners, tenants, and investors throughout their development. Our expertise, resources, and connections allow us to manage all aspects of CRE development, providing guidance and protection to clients while they focus on their core business activities. Whether clients are property owners, tenants, or investors, EJR Group offers full-cycle assistance to ensure the success of their next project. With a range of services tailored to meet the needs of various stakeholders, EJR Group aims to provide comprehensive support and expertise in commercial real estate development.

Property owners

Our group works closely with the developer or owner to ensure the project meets their goals and objectives and is completed on time, within budget, and to the highest quality standards.

tenants

We offer a comprehensive range of tenant-related services, including site selection, space acquisition, lease negotiations, and tenant improvements.

investors

We have assisted our clients through a wide array of transactions and helped them to create concrete asset value growth.

  • Physical Site Assessment: Evaluate the site’s physical characteristics to ensure it aligns with the intended use, considering factors like topography, drainage, and access.
  • Permit and Code Compliance: Review regulatory documents to confirm the property complies with building codes, zoning regulations, and other legal requirements.
  • Financial Analysis: Assess the property’s financial performance by analyzing rental income, expenses, and potential for value appreciation using financial statements, rent rolls, and operating expenses.
  • Market Analysis: Analyze market trends, comparable sales, and rental rates in the area to understand the property’s investment potential and market value.
  • Insurance Coverage Review: Evaluate the property’s insurance coverage to ensure it protects against potential risks and liabilities, such as property damage or liability claims.
  • Legal Due Diligence: Conduct a thorough review of all legal documents related to the property, including titles, deeds, leases, contracts, and zoning regulations, to identify any legal issues or concerns.
  • Preliminary Development Site or Building Plan: Develop preliminary plans outlining the proposed layout, structure, and design elements for the development site or building.
  • Prepare a Master Project Schedule: Create a comprehensive project schedule that outlines the timeline for various stages of the development process, from planning and design to construction and completion, to ensure timely and efficient project execution.
  • Serve as a single point of contact between the Owner, Tenants, and Design Team: Act as the central communication hub, facilitating smooth information flow between the project owner, tenants, and the design team. This ensures everyone is on the same page and reduces potential misunderstandings.
  • Overall Design Team Selection and Management: Oversee the selection process for the design team (architects, engineers, etc.) and manage their activities throughout the project lifecycle. This involves coordinating their work, meeting deadlines, and maintaining quality standards.
  • Coordinate Landlord Delivery scope with Tenants and Design Team:  Coordinate the delivery scope (scope of work) with the landlord, tenants, and design team to ensure everyone’s requirements and expectations align.
  • Manage the Master Schedule and Permit Submittal Process: Develop and maintain the master schedule for the project, which includes milestones, deadlines, and dependencies. Also, oversee the permit submittal process, ensuring all necessary permits are obtained promptly to avoid delays.
  • Attend Jurisdictional meetings / public hearings: Represent the project at meetings with local authorities (jurisdictional meetings) and public hearings where necessary. 
  • Quality Control: Review permit drawings and specifications to ensure they meet regulatory requirements and quality standards. This involves identifying any discrepancies or issues that must be addressed before submission.
  • Jurisdictional coordination and permit processing: Liaise with relevant authorities and agencies to coordinate the permitting process. This includes preparing permit applications, responding to requests for additional information, and tracking the progress of permits until they are approved.
  • Management of Real-Time Cost/ Invoice Management: Track project costs in real-time, including soft costs such as design fees, permit fees, and other expenses not directly related to construction. To keep stakeholders informed, provide regular reports on soft costs and cash flow projections.
  • Monitor Project Pro Forma: Monitor the project’s financial performance against the pro forma (projected financial statements). This involves comparing actual costs and revenues with the projected figures, identifying discrepancies, and taking corrective actions to ensure the project remains financially viable.
  • Serve as a single point of contact between Owner, Contractor, Design Team, and Lender: Act as the central communication hub, facilitating effective communication and coordination among all stakeholders involved in the project, including the project owner, contractor, design team, and lender.
  • Management of Construction Bidding Process and Award: Oversee the process of soliciting bids from contractors, evaluating proposals, and awarding the construction contract to the selected contractor. This involves ensuring that the bidding process is fair and competitive and that the chosen contractor meets the project’s requirements.
  • Constructability reviews and Value engineering: Conduct reviews to assess the feasibility and efficiency of construction plans and identify opportunities for value engineering, which involves finding cost-effective solutions without sacrificing quality or performance.
  • Manage General Contractor: Provide on-site oversight and monitor the progress of construction activities daily to ensure compliance with plans, specifications, and quality standards. This may involve resolving any issues or conflicts that arise during construction.
  • Manage the Construction and Tenant Delivery Schedule: If applicable, develop and maintain the construction schedule, including tenant delivery schedules, to ensure the project is completed on time. This involves coordinating with contractors, subcontractors, and other stakeholders to sequence activities and manage dependencies.
  • Attend Jurisdictional Pre-Construction Meetings: Participate in pre-construction meetings with local authorities and regulatory agencies to discuss project plans, requirements, and potential issues or concerns before construction begins.
  • Attend Regular Project/ Site Meetings: Hold regular meetings with the project team, including contractors, subcontractors, and other stakeholders, to review progress, discuss challenges, and make decisions to keep the project on track.
  • Manage Construction Loan: Manage the construction loan process, including evaluating contractor payment requests, preparing and submitting payment applications to the lender, and ensuring compliance with loan requirements.
  • Monitor Project Pro Forma and Cash Flow Projections: Continuously monitor the project’s financial performance against the pro forma and cash flow projections to ensure it remains financially viable. This involves comparing actual costs and revenues with projected figures and identifying any discrepancies or potential risks.
  • Provide Monthly Hard and Soft Cost Reporting: Prepare and provide regular reports on project costs, including hard costs (direct construction costs) and soft costs (indirect costs such as design fees, permits, and financing expenses), to keep stakeholders informed of the project’s financial status.

Because Commercial Real Estate Development is Complicated.

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