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How to Curate a Team that Aligns with Your Unique Institutional Culture

When undertaking a capital project, such as constructing a new building or renovating existing property, it’s crucial for institutions to assemble a design and construction team that not only has the technical skills but also aligns with the institution’s unique culture and values. An Owner’s Project Manager (OPM) plays a vital role in this process by carefully curating a team that understands the institution’s identity, traditions, and future aspirations. A culturally aligned team ensures that the project outcome truly reflects the institution’s ethos while meeting functional needs efficiently and cost-effectively. The Importance of Cultural Alignment in Team Selection Every institution…

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Market Overviews

Trends in Multifamily Construction

In August 2024, the U.S. multifamily market witnessed a continued slowdown in rent growth, with several underlying factors contributing to this trend. RealPage’s latest data analysis reveals a dynamic landscape where shifts in demand, supply imbalances, and economic uncertainty play pivotal roles. Key Trends in Rent Growth Rent growth has decelerated significantly compared to previous…

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