Presented By: Partner Insights
[Video] Q&A With Zubatkin Owner Representation
Meyer Mintz of Berdon LLP connects with Andy Bast and Jason Zubatkin of Zubatkin Owner Representation to discuss how construction costs, which are continuing to be impacted by the Covid pandemic, are affecting new development in today’s market.
See topic timestamps below:
1:07 – There has been a lot of talk about construction market trends, particularly the impact of supply chain delays and rising prices on the delivery of development projects. What have you guys been seeing in the market and what can we expect going forward?
3:24 – What about on the cost side? I know when you guys do bidding sometimes you’re doing bidding for projects that could be two or three years on the horizon. Are you doing anything differently when you negotiate with these contractors? How are they building in these wild price fluctuations into their bids?
5:11 – It sounds like a lot of these costs are not unique to New York. They are happening around the country, especially in the high-building areas like Florida, Texas, etc. Are you seeing any differences in any regions of the US that are either dealing with it differently or having a higher burden because of this?
6:19 – Zubatkin Owner Representation are up and down the coast and have projects nationwide. What kind of advantage do you have by seeing all that stuff live as opposed to doing just one or two project in the New York area?
7:21 – As the market gets disrupted and there’s issues with costs, do you guys find yourselves getting involved sooner in the project than you were before?
8:41 – How are you looking to help owners better position their buildings and differentiate their buildings to attract tenants, visitors, and other people to their buildings?
9:42 – Andy, any final words that you want to say with what you’re expecting to see going forward?
10:31 – Jason, any final words?
Berdon LLP, founded in 1917, is one of the largest accounting and advisory firms in the U.S. With more than 400 professionals and staff, Berdon provides its clients with an array of accounting, tax, financial, and management advisory services. Through its specialized expertise and a team of more than 100 CPAs and advisors, Berdon’s Real Estate Practice advises many of New York’s — as well as the country’s — prominent real estate entities and is one of the largest Real Estate Practices in the nation.