How To Feel Comfortable Working With A New Vendor

July 30, 2015

Most real estate professionals rely heavily on word of mouth when they look for new vendors. A referral from a trusted colleague is a powerful thing, but it paints a narrow picture of someone’s qualifications.

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5 Reliable Best Practices for Real Estate Procurement [Worksheet]

July 24, 2015

Procurement - that murky phase between budgeting and building – is somehow still the red-headed stepchild of the real estate process. While real estate owners and operators have modernized their leasing, fundraising, and marketing strategies with technologies like VTS, Hightower, Fundrise and Floored, they are just beginning to address inefficiencies in the vendor management and bid management processes.

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5 Reasons You Need To Competitively Bid Your Projects

July 08, 2015

The real estate industry is built on relationships. You probably assume the service providers you’ve worked with for years are the best for your projects, and you may very well be right. Familiarity with process, company culture and mutual expectations are strong factors in favor of maintaining a go-to team.

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How Excel is Killing Your Bid Management Efficiency (and How to Fix it)

June 29, 2015

We know that technology is essential in order to stay competitive, and the increased efficiency it allows can dramatically lower costs and save time.  It’s also true that, if we’re not careful, the tools we use can end up costing just as much time as they save.

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The Hidden Costs of Waiting to Adopt New Technology

June 29, 2015

Adopting new technology platforms are disruptive to your team’s established workflow and costly to implement, right? Not necessarily. In fact, the opposite may be true.

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Kushner Companies Uses Honest Buildings To Drive A Smarter Procurement Process

June 16, 2015

Kushner Companies is responsible for more than 20,000 multi-family apartments and well over 12 million square feet of office, industrial and retail space across six states. As a company guided by strategic, innovative thinking, Kushner refused to accept the traditional, cumbersome “system” of Outlook, Excel, PDFs, faxes and text messages in order to drive procurement.

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How the Cloud is Making Real Estate Owners Dramatically More Efficient

June 11, 2015

Two-thirds of all US companies have moved at least part of their business operations into “the cloud” and yet many people don’t understand what that means. Where is the cloud? What is Software-as-a-Service and how is it more efficient? Moreover, what is the tangible return on investment for real estate companies?

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The New Breed Of Property Manager

June 09, 2015

At Honest Buildings we're fortunate to spend time with lots of forward-thinking real estate owners. One of the most interesting trends that we’ve noticed firsthand is the evolution of the property manager role from being almost exclusively dependent on relationships to one that increasingly incorporates technology and innovation to add value.

It got us thinking - what characteristics make property managers most successful in today’s market?

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Understanding the difference between LAN and OLAN technology

June 01, 2015

Honest Buildings spoke to Jim Hayes, President of the Fiber Optic Association, about his opinion on the benefits of using OLANs over the traditional LANs.

“The building industry has been the same for a long time… since the late 1800s when we learned how to make high rise buildings,” says Jim Hayes. Although the buildings themselves have not changed much, “the needs of the tenants have changed, especially in the past 10 years.” 

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