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Riggs Kubiak

Riggs Kubiak
Riggs Kubiak is the Co-Founder and CEO of Honest Buildings. Prior to Honest Buildings, Riggs worked in asset management, acquisitions, and global sustainability for Tishman Speyer.
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Recent Posts

Owners Deserve A World-Class Capital Planning Platform

A few weeks ago, Honest Buildings officially launched version 2.0 of our Portfolio Capital Planning Platform, meaning it’s now out of beta and available both to new and existing customers. You can read more about the specific platform and it’s benefits here.

I’m taking a step back to talk about why I am so excited about our latest innovation.  

This is Important Because...

Owners  deserve platforms built specifically for their needs and to meet their fiduciary obligations.If you take nothing else away from reading this, remember I told you this:

Owners deserve tech platforms built for them.
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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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5 Powerful Insights Construction Cost Categories Can Reveal

Experienced 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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This $8 Trillion Industry Impacts Your Business Daily, But You Barely Even Notice

Imagine that it’s Monday morning and you leave home at your normal time.The gym is your first stop, but it’s still closed for renovation despite a sign on the door that says it will reopen today. You head toward work and find your normal route closed in preparation for a building demolition.

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Mobile Internet is Making the Commercial Real Estate Industry Move

Mobile usage is exploding. Mobile data traffic in 2013 was nearly 18 times the size of the entire global Internet in 2000 and by the end of 2015, the mobile web is expected to eclipse the desktop Internet on a global scale.

Given this data, it’s no surprise that so many are latching on to mobile. What is puzzling is why so many real estate organizations are moving at a snail’s pace when it comes to capitalizing on this trend. However, there are several factors driving the evolution to mobile:

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The $1 trillion value creation opportunity staring commercial real estate in the face

As of 2011, Prudential reported that total global commercial real estate was worth $26.6 trillion. It’s projected to grow to nearly $100 trillion in 20 years. Pretty remarkable, don’t you think? What’s even more remarkable is the simple formula that will drive that value creation.

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Science Empowers Art in Commercial Real Estate Decision Making

Why is it that some building projects succeed and others do not? While there is no “right” answer, certain key factors influence whether or not a project will be successful.

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Is technology 'nice to have' or 'must have' in commercial real estate?

If you have been doing things the same way for the last 30 years, your gut reaction is probably, "it's definitely a nice-to-have." Now, we've warned you about the hidden costs of waiting to adopt technology, but old habits can be hard to break and old assumptions can be hard to shed.

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Real Estate's Love/Hate Relationship with Technology

It’s no secret that the real estate industry is relatively averse to new technologies. It’s understandable, of course, given the tried and true methods of paper RFP’s, building interpersonal relationships, steak dinners and offline transactions.

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The New Breed Of Property Manager

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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