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Unknowns Present Challenges to Build-to-Suits

IRVINE, CA—From the office user’s needs to the costs and sale price, build-to-suit developers must find ways to reduce uncertainty in order to satisfy all parties’ needs, Savills Studley’s Kelly Givens tells GlobeSt.com in this EXCLUSIVE look at his new role.

Kelly Givens Givens: “Users and developers can go directly to some of the sub-trades, but part of that risk is, do you have the right contractor?”

IRVINE, CA—From the office user’s needs to the costs and sale price, build-to-suit developers must find ways to reduce uncertainty in order to satisfy all parties’ needs, Kelly Givens, executive managing director and member of the corporate-services group at Savills Studley, tells GlobeSt.com. The firm recently appointed Givens to its board of directors. We sat down with him for an exclusive chat about the challenges of build-to-suit projects—in particular, cost-containment measures.

GlobeSt.com: What are the greatest challenges, in your estimation, in build-to-suit projects?

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Carrie Rossenfeld

Carrie Rossenfeld

Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.

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