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NAIOP Study Sees Continued Growth in US Construction Spending [REPORT]

The NAIOP research foundation has released its annual report, Economic Impacts of Commercial Real Estate; a study filled with statistical analysis on pre-construction, site development, on-site construction, tenant improvement and operations expenditures across office, industrial, warehouse and retail real estate in the US.

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How Boston Properties and LendLease use CRE tech to aggregate data

It’s easy to be fairly dazzled by some of the recent technology-related success stories emerging in commercial real estate.

Just think of how Hightower and VTS make owners’ and property managers’ lives easier by injecting technology into the leasing management process.

Or how Compstak leverages crowdsourcing to revolutionize the process of amassing comp data—formerly an arduous, labor-intensive, hit-or-miss undertaking.

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McKinsey finds staggering increase in construction cost overruns [REPORT]

A recent report published by global consulting firm McKinsey & Company reveals some troubling facts about the health of the construction industry. Across sectors and asset classes, large projects are taking longer than anticipated and running significantly over budget.

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What Commercial Real Estate Can Learn from Uber According to Ten-X Founder

The largest transaction to ever occur online totaled a whopping $96 million—and it happened through Jeff Frieden's site Ten-X. Formerly known as Auction.com, Ten-X is the country's largest real estate marketplace, facilitating sales of commercial buildings, traditional homes and distressed properties. 

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Onyx Equities' Founder on How CRE Technology Can Spur Creative Thinking

"Technology is great to have, but people are everything."

Jonathan Schultz, founder and managing director of Onyx Equities, is well known for being an early adopter of technology. In fact, he's more of a technology hunter than simply an adopter. Onyx Equities specializes in repositioning undervalued office, retail, industrial and residential space, and Schultz avidly encourages his team to find, test and deploy technologies that will make them more efficient and satisfied in this work. 

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CompStak CEO: CRE Tech Laggards are Finally Ready to Buy in.

CompStak CEO and co-founder Michael Mandel has had thousands of conversations with real estate profesionals about the importance of adopting technology to make business processes more transparent and efficient. In late 2011, after spending nearly six years as a broker with Grubb & Ellis, Mandel formed CompStak to build the world's first comprehensive database of leasing information.

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Six Tricks to Rolling Out CRE Tech Initiatives in Your Company

Bringing a new technology platform into your company can seem like a daunting process. It requires time and trust from team members who have their own priorities and deadlines.

Even so, there are hidden costs to waiting to adopt technologies that could increase your productivity and profitability; costs that more than negate any potential discomfort of making a transition. At the end of the day, you need to help your team embrace new platforms and tools rather than avoid them.

Here are six best practices for rolling out CRE tech initiatives in your company.

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5 Questions CRE Owners Need to Ask Third-Party Property Managers

Reducing operating expenses by even 1% or increasing rent by just 1% can lead to serious value creation over time for building owners. The key is increased efficiency and faster, smarter project execution. Of course, the process of turning those goals into reality isn’t without challenges.

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Why Your Real Estate Firm Needs a Cross-Functional Technology Committee

An IT team is a vital part to any commercial real estate organization, acting as the backbone for any technological initiatives. But despite the team’s deep knowledge, it doesn’t have a boots-on-the-ground role when it comes to a building’s daily operations.

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5 Thoughts on How CRE Tech Might Fare in 2016

Last year was a banner year for commercial real estate technology. If you missed the highlights, get up to speed here, here and here. Then 2016 arrived, bringing signs of distress in global capital markets and questions about the impact on commercial real estate. The multifamily sector and development in major downtowns appear strong, but growth elsewhere verges on stagnant.

How will nascent turbulence in the industry impact CRE tech in 2016? Here are thoughts from five industry leaders on where CRE tech is most viable and where it might stumble.

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