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When real estate development projects in Canada go sideways
Manage episode 332215476 series 3325010
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Date: June 21st, 2022
Name of podcast: Altus Insights Podcast Series
Episode title and number: When development projects in Canada go sideways
Episode summary: Marlon sits down with Colin Doran, EVP of Cost Consulting & Project Management at Altus Group, for a one-on-one discussion on distressed development projects in Canada. Don’t miss this highly informative conversation as Colin covers distressed projects from delays to insolvencies to cancellations, why we’re seeing an uptick, and what key project stakeholders can do to address projects that turn risky.
Panelists in this episode:
- Colin Doran is the EVP of Cost Consulting & Project Management at Altus Group. Based in North America (Toronto) for approximately 25 years and currently responsible for overseeing the Cost Management and Lender & Developer Service lines in Eastern Canada. Colin has extensive experience in preparation and analysis of real estate development feasibility studies, capital cost budgeting, development due diligence, risk assessment and management, cost planning and loan monitoring. Colin also specialises in providing advice on distressed projects/work out deals in the Caribbean, the United States and in Canada.
- Marlon Bray is the head of Altus Group's Ontario pre-construction and contract administration services as part of the Cost and Project Management team. With over 25 years of experience, specializing in budgeting, value optimization, and providing visibility on risk through the entire lifecycle from early due diligence through to completion. Marlon oversees a team that leads the way with cutting-edge estimating technology and data analytics, bringing a greater level of transparency, and added value to all projects he is involved with.
Key topics:
- 01:10 – Market factors for distressed projects
- 03:26 – Potential for future project distressed projects
- 04:21 – Project insolvencies in Canada
- 06:06 – Project profiles to watch for insolvency
- 07:11 – Project cancellations
- 10:59 – Steps lenders can take when concerned about projects turning risky
- 15:04 – Addressing distressed projects
Referenced in this episode
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