Houlihan Lokey Plans Relocation

  • Houlihan Lokey
  • 57,388 sq. ft.
  • Financial Services
  • Chicago
Services Provided
  • Project Management
Cresa Team
  • Eric Nolin

client objectives and results

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Client Objectives

Cresa’s Project Management team was engaged by investment banking firm Houlihan Lokey for their office relocation after experiencing subpar performance from a prior project management firm. When Cresa was brought on, the project was behind schedule, with final design not yet approved and costs significantly over budget.


The Cresa team jumped in and started work immediately to realign the design process. Upon design approval, Cresa worked with the contractor to improve construction pricing and reorganized the furniture purchasing process to provide the most competitive rates. This resulted in a savings of over $3.4 million dollars. The schedule improvements put construction back on schedule, ultimately resulting in an on-time project completion.

The Cresa team continued to save costs throughout the construction process, furniture installation, and technology implementation, resulting in another $1.2 million dollars of additional savings for Houlihan Lokey.