Regional Shopping Property Condition Assessment with Asset Data Collection and Specialty Subconsultants

Artistic view or Glass Building
Artistic view or Glass Building

Regional Shopping Property Condition Assessment with Asset Data Collection and Specialty Subconsultants

Town Square Las Vegas

Our team has significant experience with mixed use and retail properties across the country. This includes regional mall portfolios, anchored retail centers, mixed-use developments, and adaptive reuse projects. We understand the unique challenges and opportunities of retail properties, from maintaining high foot traffic and tenant satisfaction in shopping centers to balancing the needs of multiple uses and tenants within a single development. Our expertise ensures that each project is approached with a deep understanding of the intricacies of retail and mixed-use environments, resulting in properties that are both successful and sustainable.

Town Square Las Vegas is a mixed-use retail/office property south of the Las Vegas strip.  The improvements consist of 22, 1‑3 story buildings with a total size of 1,147,202 gross leasable square feet that was originally constructed in 2007. PR&A provided an equity-level property condition assessment for the Buyer and their operating partners. Our property condition assessment was augmented with our Asset Data Collection services where we inventoried and logged over 1,000 pieces of equipment totaling over 6,000 tons, including important information such as the building number, tenant space served, unit designation, refrigerant designation, manufacturer, unit type, size, model/serial number, and age of equipment. This exercise helped our client with capital expenditure planning and re-tenanting requirements.

As a part of our property condition assessment, we also utilized the following specialty consultants:

  • ADA Assessment
  • Vertical Transportation Assessment
  • Fire Life Safety Assessment
  • Parking Garage Assessment
  • Curtain Wall Assessment
  • Plaza & Walkways Assessment
  • Civil/Site Assessment

By the Numbers:

120 M

Renovation Budget

73 M

Renovation Hard Costs

12 M

Change Orders Reviewed

36 Months

Construction Oversight

Construction Services Leadership

Michael Raybon

Michael Raybon

Managing Principal

Michael Raybon is the Managing Principal of Pond, Robinson & Associates and brings 30 years of experience in the evaluation of existing facilities. Mr. Raybon has been the project engineer on thousands of projects involving all types of construction material forensic investigations. Over the last 15 years, Mr. Raybon has been an integral part of the operations and management of Pond, Robinson & Associates. In addition to previously conducting and reviewing property condition assessments and reports, Mr. Raybon has extensive technical expertise in evaluating the following construction materials: concrete, steel, masonry, stucco, roofing and waterproofing materials and membranes, sealants, coatings, and pavements. Mr. Raybon has been a registered Professional Engineer for 22 years.

Mr. Raybon has significant experience in both business management and client management. In his ownership role at Pond, Robinson & Associates, LP he interacts with real estate investors and corporate clients helping to coordinate evaluating the physical risk prior to real estate transactions or associated with operational issues.

Mr. Raybon has cultivated an understanding of site development, building construction administration, specifications, scheduling, and project management issues nationwide. Additionally, he has directed and managed consultants, contractors, and vendors to maintain schedules and budgets. In his role, Mr. Raybon has coordinated the engineering assessment of major projects located in many submarkets throughout the nation and reviewed the conclusions of specialty sub consultants for his clients on commercial office, industrial, retail, and multi-family properties.

Education

B.S., Materials Science and Engineering, University of Florida 1990

Registrations

Professional Engineer, Florida, 1998

Professional Engineer, Texas, 2009

Rebecca Fischer

Director of Construction Services

Rebecca L. Fischer is the Director of Construction Services at Pond, Robinson & Associates and brings over 25 years of facilities and construction consulting experience to the firm. Ms. Fischer has been involved in the design and construction of several new facilities, development and construction monitoring of large projects, and the assessment of existing buildings nationwide.  She has over 21years of experience at PR&A working with our Investment and Asset Management clients on high profile development projects including high-profile resorts, office and residential complexes, and multi-family projects with total project costs of up to $935M.  Through her experience with development and construction projects she has cultivated an understanding of site development, building construction administration, specifications, scheduling, quality assurance, cost control, and project management issues. She is a registered LEED® AP BD+C professional which has helped clients achieve their sustainability goals within their portfolio.

As Director of Construction Services, Ms. Fischer is tasked with client relations, coordination of services, mentorship and management of personnel, continuing education, and the quality maintenance of the construction related services and reporting. She is also actively involved in the construction administration and monitoring of several projects. Her years of experience allow here to add value for her clients related to budget, scheduling, quality control, and assessment of building components and design including the building envelope and accessibility.

Education

Bachelor of Science, Civil Engineering, Texas A&M University, 1997

Master of Engineering, Civil Engineering, Texas A&M University, 1999

Registrations

Professional Structural Engineer, Texas since 2003

LEED® AP BD+C since 2012

David Jones

Director of Real Estate Services

David Jones brings over ten years of well-rounded experience in design, construction, facility assessments and project management to Pond, Robinson & Associates.  His role is to serve as bridge for clients, helping them understand and develop the right technical or project management approach to each investment or exchange. Mr. Jones has provided services to institutional real estate investors and lenders and many developers and contractors.

Mr. Jones has experience with property condition evaluations and construction observation and compliance reviews related to all asset types, including commercial office, industrial, retail, and multi-family improvements.  His consulting experience includes comprehensive reviews of design documents for planned projects, performing evaluations of existing properties, and acting as the owner’s representative during the construction of properties of various sizes and complexities.

Education

Bachelor of Science, Construction Management, University of Houston, Houston, Texas

Registrations

Associate Constructor, American Institute of Constructors, License 10711

LEED® Green Associate™, Green Business Certification Inc. Credential ID 11131858

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Browse Our Website to Understand How Our Expertise Translates into Successful Outcomes for Our Clients.

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