The COVID-19 pandemic continues to create challenges in the real estate development, construction, and related sectors as it has for the last two years. Tom Chaparro has specialized in real estate and construction-specific executive search for over 25 years. His experience has allowed him to place mid to senior-level positions in real estate development, homebuilding, multifamily development, land development, and commercial development. Chaparro notes that there is still a sense of pandemic insecurity that has kept candidates from seeking new positions or returning to their current jobs. “People are still trying to get their legs under themselves a bit,” he says. “But things are improving” —
At the same time, developers are facing the challenge of keeping up with the number of construction projects mandated by the states and the continued demand for housing.
Demand for new housing is not the only factor on the horizon as construction opportunities in different market sectors grow and an influx of money comes in from recently passed infrastructure legislation. States will be receiving substantial funding earmarked for roads, bridges, and other large-scale projects. Such projects will span across the construction industry, producing new opportunities that may entice employees at all levels to explore making a change. Tom Chaparro believes, “If the market continues as it is, I believe people will be willing to take a little more personal risk and entertain these situations.”
Looking Toward The Future
In discussing current operations at The Newport Group, Chaparro points to a return to normalcy. Most employees are back in the office full time, allowing them to serve their clients better. However, the organization is taking a careful approach to reopening to maintain a consistent level of service. Determining the best use of time and effort is prioritizing client commitment and previous relationships. “We are very sensitive to overcommitting and underperforming,” says Chaparro.
The demand for housing will continue to outstrip supply in California and the West for the next few years. This translates to even more demand and activity will continue to increase beyond 2022. Highly needed infrastructure projects will contribute to a construction boom in the coming years. “We are in the highest demand markets and are up to the recruiting challenges that lay ahead. We have strategically positioned ourselves to be where we are now.”
As for The Newport Group, the organization will be part of the solution in meeting high-level executive positions for clients in real estate development and construction. For Chaparro, it is all about staying focused on the company’s mission. “Our goal is to make the clients that engage us as competitive as they possibly can, through providing people with leadership and individual contributory roles that are exceptional.”
About The Newport Group
The Newport Group seeks to match exceptional executive candidates with real estate development and construction companies by employing its unique SMART search process. By pursuing an in-depth understanding of a business’s long-term goals, recruiters can make connections that benefit both clients and prospective employees.
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