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Sweat the Small Stuff: Capital Planning and Small Projects

Capital Projects are intended to maintain or improve asset value.

Owners routinely optimize operational efficiencies on large-scale, multi-million dollar jobs like lobby renovations, landscape upgrades, or full remodels. Projects of that scale require considerable time and resources, and their success or failure greatly impacts the value of the entire portfolio.

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Riggs Kubiak on Commercial Real Estate: Bloomberg Markets Interview

Our CEO and Co-Founder Riggs Kubiak recently sat down with Carol Massar and Jason Kelly of Bloomberg Markets to talk commercial real estate. We’ve recapped what their listeners were most interested in knowing about Riggs and about Honest Buildings.

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Six Pitfalls of Excel in Commercial Real Estate Cost Tracking

By some estimates, more than 1.2 billion users, including most of the real estate industry, rely upon Microsoft Excel. While Excel is a powerful commercial tool for statistical, engineering, and financial data tracking and analysis, the software was not designed primarily for use as a collaborative platform—an environment in which the commercial real estate and construction industries thrive.

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"I was born in North Idaho": A Conversation With Riggs Kubiak

Riggs Kubiak, CEO, and Co-Founder of Honest Buildings confesses that there isn’t much in his public persona revealing his backstory. Opening up about the experiences that shaped him, including the concepts that grew into a NYC based CRE technology company backed by the largest real estate owners in the world, Riggs joins Scott Morey, Executive Director at GPG Advisors as a guest on RE Insight’s latest podcast .

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Managing Change Though Adaptability: How Parkway is Leading the Houston Market

It's been nearly a week since our conversation between Parkway's Chief Operations Officer, Mike Fransen and our Chief Product Officer, Geoff Lewis. The fireside chat-style webinar, Managing Change through Adaptability, was full of great information and learnings about Parkway, Honest Buildings, and the future of CRE.

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Behind Our Series B: Creating Value Through Purpose-Built Tech for Owners

A few weeks ago we closed our Series B: a $30 million round of funding from an incredibly strategic group of partners. The investors included some of the real estate industry’s largest and most innovative commercial real estate owners alongside real estate focused venture capital funds. We raised this round to accelerate the creation of a new category of technology platform built specifically for owners who oversee the $10 trillion per year annual global construction spend. To do this we’ll continue to invest into expanding our world class team, and expand from facilitating $1 billion per month in project volume to tens of billions per month on the Honest Buildings platform.

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Key Takeaways from Catalyst: How Owners Can Progress the Urban Landscape

 

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Vendor Qualification Template for Real Estate Owners

Even the most well-connected real estate project managers and property managers find themselves in need of new vendors for their capital and construction projects from time to time. In addition to the savings that competitive bidding practices deliver, owners have to meet the demands of expanding portfolios, new building technologies and stiff industry competition.

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Structuring an Effective Commercial Real Estate Cost Tracker

Capital, construction and tenant improvement projects are made up of numerous evolving factors, making it difficult to monitor where costs stand in relation to budget—but no less important. One of the best ways to empower your real estate team to diligently audit and control costs despite shifting conditions is to start with a well-structured tracker.

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9 Tips to Control and Track Costs on Tenant Improvement Projects

Tenant improvement (TI) projects are pretty common which means most real estate owners can manage them with their eyes closed. No sweat, right?

Well, yes and no.

Often when we run any process over and over we start paying less attention to the details and we’re less likely to look for opportunities to optimize our methods. While most tenant improvement projects don’t cost an enormous amount of money individually, they have a big impact in the aggregate, making it very important that you reflect on how your process can be improved.  

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