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3 Benefits of Purpose-Built Technology for Corporate Owners

2 minute read

Whether retail locations or corporate headquarters, the spaces where you run your business are essential to your success. Capital planning and project management solutions purpose-built for teams who own the outcome of capital and construction projects help you enhance the value of your spaces through better management of today’s projects and tomorrow’s plans.

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

3 minute read

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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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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Six Pitfalls of Excel in Commercial Real Estate Cost Tracking

3 minute read

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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