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Everybody Knows PropTech is Important, But Not What to Do With It

3 minute read

architectural-design-architecture-buildings-830891At the end of 2018, people who talk about commercial real estate trends were calling it the  Age of Adoption. With nearly a 100% increase in funding to real estate technology startups between 2015 and 2016, there was a clear acknowledgment, even within our slow-moving industry, that the way forward was through technology. More importantly, there was both the need and the desire for technology purpose-built for the only segment within the market without dedicated advocates-Owners.

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The Rise of the Chief Information and Chief Technology Officer in Commercial Real Estate

3 minute read

When this article was originally published in 2016, Chief Information and Chief Technology Officers were new to commercial real estate. As technology shifts from operational enhancement to becoming integral, strategic information and technology management becomes a central position for organizations desiring to achieve operational excellence. 

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Rethinking Retail: “The End of the World as We Know It”

3 minute read

This begins the first in a series of ongoing conversations about the current state of commercial retail ownership, along with opportunities to remain successful as the landscape continues to change. No one knows the future, but we do know that the way we used to build, present, and experience retail will never be the same.

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MRI and Honest Buildings: Improve Project Performance With Two-Way Integration

2 minute read

Honest Buildings and MRI are providing a first-of-its-kind two-way integration. Clients using MRI’s flagship property management and accounting platform in conjunction with Honest Buildings experience better workflows that help drive the growth and health of their businesses.   

We began our partnership 3 years ago, building out API integrations facilitating seamless information sharing and transparency. Our relationship includes an elevated commitment from both MRI and Honest Buildings to support, and enhance workflows between the two systems enabling optimized project performance.

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5 Powerful Insights Construction Cost Categories Can Reveal

4 minute read

Experienced commercial real estate owners and managers know that a large part of the success of their building projects is determined in the planning phase, long before a permit is pulled or a nail is hammered. It’s surprising then that many of the industry’s most established organizations don’t reliably capture, track or standardize data from critical planning activities. Cost categories (also called line items) lead this list of powerful but underutilized sources of information.

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Project Management at the Heart of Asset Management

1 minute read

Commercial real estate owners experience the greatest opportunity to define and achieve successful long-term strategic plans in organizations where asset managers, acquisition teams, and project management align. 

There is a clear through-line, in the form of a coordinated capital plan and investment strategy post-acquisition through disposition. This method views assets within the portfolio with a value-add approach. Well considered decision making results from a collective understanding of the long-term capital plan, and how the organization will achieve desired results.

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CRE FOMO: Missing Out on ROI by Underspending Capital Budgets

3 minute read

Companies must improve the way they manage capital to boost competitiveness and support emerging growth. In the long-term, companies building strategic-thinking contemporary real estate teams aligned workplace goals with C-level vision will take corporate real estate “from Good to Great.” 

Tame the Capital Monster

In an article entitled “Tame the Capital Monster,” JLL argues that today’s largest companies drive competitive advantages through intensive capital programs. Capital allocation comes in many forms. Typical corporate real estate projects include office space renovations that incorporate modern design (more conference rooms or flexible workspaces) for improving employee productivity and increasing recruiting competitiveness. Banks earmark budget to expand branches in key target markets or reposition existing branches to boost brand and attract clients. Emerging businesses build new or expand on existing locations to grow their footprint and potentially, revenues.

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Natural & Spontaneous Changes: Technology Advocates and Opportunities for Urban Progress

2 minute read

Technology impacts nearly all aspects of daily life.  From the cars we drive to the maps we use to navigate, to the data provided by both - technology’s correlation to the real estate industry is undeniably crucial to understanding future patterns.

As operational efficiencies and the ability to make data-informed decisions through PropTech adoption become mainstream, demand is driving advocacy within commercial real estate.

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Making Better Use of Time, a Limited Resource: Reducing the Administrative Burden

2 minute read

As we usher commercial real estate forward into the digital era, highlighting the cost of administrative time and its corresponding value represents a major opportunity to improve operational efficiencies for owners and their teams. 

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Don't Let Legal Agreements be Showstoppers: A Project Management Checklist

2 minute read

Standard legal agreements are intended as a safeguard for owners. Project management teams that fail to anticipate agreements and compliance matters risk costly delays, e.g., change orders, rework, fines and penalties. Be informed, to ensure that practical matters never become showstoppers.

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