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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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"Open and Connected"-- The 2018 MRI Software IUC

Billed as a gathering for MRI’s community to mobilize and “gain special industry insights and connect with other users,” we amassed a team and left New York, headed south.

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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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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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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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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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8 Warning Signs You Need a CRE Project Management Platform

If you own at least a few buildings, you likely have a project management system in place—whether it’s based in Excel or email or elements of other tools that have been cobbled together. But relying on a system of generic tools to drive complex decisions is nowhere near as efficient as using a project management platform that is designed specifically for commercial real estate organizations.

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McKinsey finds staggering increase in construction cost overruns [REPORT]

A recent report published by global consulting firm McKinsey & Company reveals some troubling facts about the health of the construction industry. Across sectors and asset classes, large projects are taking longer than anticipated and running significantly over budget.

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5 Questions CRE Owners Need to Ask Third-Party Property Managers

Reducing operating expenses by even 1% or increasing rent by just 1% can lead to serious value creation over time for building owners. The key is increased efficiency and faster, smarter project execution. Of course, the process of turning those goals into reality isn’t without challenges.

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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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