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CalSTRS adopted a "team-build" development approach for the new headquarters project.
Rather than using a classic development process in which the development players are
involved one after the other, all players under the team-build concept are involved in
the project from beginning to end. This approach ensures greater communication
among all parties. For example, the construction contractor is part of the design process
which ultimately reduces the number of change orders during construction. This approach
helps to reduce the project planning timeframe, which helps reduce development and construction costs.
The project team includes representatives from across the CalSTRS organization: executive,
management and rank-and-file employees.
Harbison-Mahony-Higgins Builders, Inc. began in 1957 as
Harbison & Mahony operating out of a
garage in Sacramento. Growing beyond its roots as a public sector building contractor,
HMH today is one of the largest general contractors in the region, where it specializes in medical,
high-tech, industrial, and corporate construction of all types. Their business approach is a
collaborative process that enhances value to projects through early involvement with the owner
and the design team.
Hellmuth, Obata + Kassabaum, Inc. is a global provider of design and project delivery services.
Since its founding in St. Louis in 1955, geographical expansion to serve clients has been an HOK
hallmark. Through a combination of merging with existing practices and opening new offices,
they have grown from a small Mid-western firm into one of the world's largest design and
delivery practices. Their 1,600 professionals are linked across a network of offices in North America,
Latin America, Europe, and Asia. Industry surveys consistently rank HOK among the world's leading
design firms. They manage the planning, design, and construction process for all types of clients
and facilities in every part of the world including architecture, engineering, interiors, planning,
lighting, graphics, facilities planning and assessment, and construction services. Read
more about the CalSTRS design concept and see architectural images.
Panattoni Development Company develops, leases, owns, and manages industrial, office and retail
projects in more than 85 cities throughout the United States. The company client list includes over
50 Fortune 500 companies in addition to many regionally based firms. Panattoni has expanded and
enhanced relationships with tenants, brokers and investors across all sectors of the commercial real
estate market. With offices nationwide, Panattoni Development Company has the depth, expertise and
capacity to respond quickly to the demands of the marketplace. Panattoni Development Company provides
users multi-market solutions to complete quality projects on time and within budget. The development
team includes highly experienced local partners with local knowledge and relationships who can make
quick decisions and stand by those decisions. A key to the company's success is the strong and valued
relationships with the real estate brokerage community.
Principal Global Investors' dedicated real estate group,
Principal Real Estate Investors,
manages or sub-advises nearly $31 billion in commercial real estate assets, primarily for retirement
plans and other institutional clients. Principal Real Estate Investors is the fourth largest
institutional real estate manager in the United States based on tax-exempt assets under management.
Principal Real Estate Investors employ 180 real estate investment professionals, supported by a large,
diverse staff of specialized real estate administration and operations personnel. Principal's history in
real estate asset management spans over five decades. Their people and their broad relationship networks
provide in-depth research and transaction coverage of over 60 metropolitan property markets. This depth
of expertise, combined with state-of-the-art research and investment-monitoring techniques, helps Principal
identify a broad range of investment opportunities and creative strategies for the benefit of their clients.
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