Project Management Advisors, Inc.

On September 10, PMA's VP and Healthcare Sector Lead, Eric Hoffman, joined a compelling panel at the 9th Annual AMFP Chicago - Association of Medical Facility Professionals Chicago Chapter Hospital, Outpatient Facilities & Medical Office Buildings Summit. The panel, "The Art of Big Healthcare," explored the complexities of managing large healthcare projects with budgets between $500M and $1B and timelines of 5+ years. Eric highlighted the critical need for early and continuous involvement of the right team, emphasizing that evolving project influences and technology advancements must be managed effectively. He also stressed the importance of engaging with community stakeholders and building owners to ensure successful outcomes and minimize disruptions. #healthcare #hospital #amfp #chicago #pma

Demand for lab space in major life science markets is slowly growing, according to Ken Richter, National Life Science Sector Lead at Project Management Advisors, Inc., in a recent Commercial Property Executive article. Richter notes that a few large pharma requirements on the West Coast are contributing to this trend. “This is a positive sign and could signal a broader return to lab space demand,” says Richter. “With no new speculative projects launched in the past year, availability should peak once the current construction pipeline is completed.” Read more in the full article: #lifesciences #projectmanagement #commercialrealestate #labs

Today, we remember and honor the lives lost on September 11, 2001. Let’s also reflect on the strength and unity that emerged from that day, and commit ourselves to supporting and uplifting those whose lives continue to be affected from this tragic event. #neverforget #september11

According to data from Atlas Hospitality Group, hotel construction has been slowing in Los Angeles. With a decrease from 49 projects with 7,650 rooms as of midyear 2020 to 19 projects with 2,121 rooms this year, there is still some activity, but not as much as pre-pandemic. Project Management Advisors, Inc. Vice President and General Manager Sonnet Hui maintains an optimistic outlook on hotel construction on the region, however. With the Paris Olympics over, she expects to see “more focus on L.A. being ready for the ’28 Olympics,” with "...more of the hospitality adjacent services, more restaurant activity, more space activities, more entertainment activities,” coming online. Read more in the full article in Los Angeles Business Journal: 

PMA's Douglas King will be presenting his seventh lecture at the University of Pennsylvania - Weitzman School of Design! The lecture will cover High Rise Healthcare Facilities with a follow-up presentation on the role that healthcare facilities play in community health! To join in and view the presentation virutually, click the link below. https://lnkd.in/gfZpPYtW #healthcare #upenn #highrisehealthcare

For over a year, apartment renters in many cities have seen some relief from rising prices due to a surge in new developments. But the tide may be turning. Big investors now believe the downward pressure on rents is ending, and the market is shifting back in favor of landlords, according to a recent The Wall Street Journal article featuring Omar Rihani, EVP and National Residential Sector Leader at Project Management Advisors. Rihani provided insight on investor and developer activity and sentiment, noting, “I think there will be a little bit more hesitation to jump back into overbuilt markets.” Read more: #multifamily #apartmentrenters #projectmanagement #realestate #pma

We want to send a HUGE Congratulations to PMAer Max Yan, who has been selected to serve as the next President of the Chinese American Construction Professionals (CACP) organization! We are proud of this achievement and look forward to seeing the positive impact you will make toward advancing the mission of CACP. We look forward to supporting you in this new chapter and celebrating your continued success! #ConstructionExcellence #PMA #CACP #Congratulations #ConstructionProfessionals

What an amazing evening at the Chinese American Construction Professionals’ Annual Award Ceremony last night with my distinguished colleagues at Project Management Advisors, Inc. Our very own Max Yan serves as the new President and it was great to see him honored with great esteem. Sonnet Hui Ross Reddersdorf Alexandra Krmpotic Emma Cronshaw #CACP #LosAngeles #Construction #ProjectManagement #ConstructionManagement #ProgramManagement #RealEstate #RealEstateDevelopment #PMO #ProjectPlanning #ProjectExecution #ProjectLeadership

PMA is hiring a Senior Project Manager in our Austin, Texas office, specializing in residential development. This person will work with PMA clients across Texas and the surrounding region, leading strategic real estate planning, design, and construction for ground-up developments, tenant improvement buildouts, and facilities projects. If you have 8+ years of development and project management experience, including at least five years focused on residential and land development projects of various sizes and types, we'd love to hear from you! Please apply directly here: https://lnkd.in/gAG4_aG4  #joinPMA #hiring #projectmanagement

Multifamily real estate continues to present long-term growth opportunities, even in a high-interest-rate environment. Omar Rihani, Executive Vice President & National Residential Sector Lead at Project Management Advisors, Inc., in a recent article for the Wealth Management Mid-Year Outlook, Rihani writes that prolonged elevated interest rates require investors to adjust their expectations, particularly regarding short-term returns. "While higher-for-longer interest rates may introduce short-term uncertainty in commercial real estate, wealth managers can still guide clients toward diversifying their portfolios with multifamily investments that promise long-term growth." Read the full article below: #multifamily #realestate #projectmanagement #pma