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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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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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Six Elements of Successful Capital Plans

3 minute read

Capital projects build revenue by making assets more competitive in the marketplace, allowing them to draw higher rents. Capital projects also reduce operating costs by managing the cost of running those assets.   

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Three Reasons Why More Bidders Offer Greater Project Value

2 minute read

Commercial real estate owners’ primary mandates are creating value and maximizing investor returns. Informed decision-making contributes to better quality projects and reduced costs, leaving more capital available to ensure that owners will accomplish those goals consistently throughout the asset’s lifecycle.

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Owners Deserve A World-Class Capital Planning Platform

6 minute read

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.  

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The Best and Brightest of CRE: A Roundtable on Operational Excellence

4 minute read

Operational Excellence is the capacity to execute business strategy with greater consistency than your competitors and is measured empirically, by results. Within the commercial real estate industry,  operational excellence is created broadly across organizations; for our purposes, consider the contributions of asset management, portfolio management, operations, and members of the C-suite.

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Changing the Way Owners Manage Capital: Introducing Portfolio Capital Planning Platform 2.0

3 minute read

Capital Planning is a critical element of an owner’s long-term business and asset management strategy. Effective capital plans ensure that commercial real estate owners manage their cash, optimize returns to investors and most importantly, enhance the value of their portfolios.

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Sweat the Small Stuff: Capital Planning and Small Projects

4 minute read

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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The Risk of Your Capital Plans Is in the Smaller Projects

4 minute read

When it comes to capital projects, it’s easy for owners to see the benefits of optimizing operational efficiency on large-scale, multi-million dollar jobs like lobby renovations and other major repositioning projects. Big projects require a large concentration of resources and efforts, and their success or failure greatly impacts the bottom line of an entire portfolio.

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