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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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From Millennials to Technology: Betting on What Will Change the Real Estate Industry

3 minute read

Predicting the future of commercial real estate in the interest of heavily invested portfolios will never be easy. However, owners continue to make 5 to 10-year projections as they seek out value and cutting edge solutions. 

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Underspending Your Capital Budget

3 minute read

JLL found that some of the world’s best companies:

Miss capital plan targets for office real estate by $12.2 billion every year, a monstrous-sized figure. 72% of that money is underspent...

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Why Innovation Matters & 3 Ways to Practice it Daily

2 minute read

Tomorrow’s cities will be shaped by the strategies commercial real estate owners employ today. We spend time reading, listening, and gathering at sessions and conferences to explore better ways to do what we do, to build the best tech stacks, to leverage data, implement new and better ways to improve tenant experiences.

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What Could Owners Accomplish with Accessible Data?

2 minute read

Effective data-driven decision making lies in having access to the right resources. The right resources make all the difference.  When it comes to maximizing insights for commercial real estate owners and outcome owners, the question is,

“How do we aggregate historical project data to make smarter decisions going forward?"

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