Two identical buildings can consume the same amount of energy and have profoundly different utility bills. With the right data it is possible to identify and solve the issues that cause high peak demand and expensive utility bills.
Read MoreBuilding operations and sustainability departments are increasingly under pressure to contribute to assets' bottom line through cost savings. As real estate companies look to trim their budgets wherever possible, so continues scrutiny of building operations dollars.
Read MorePerhaps more than any other function, building operations in commercial real estate (CRE) is primed to reap the benefits of advances in Big Data and Internet of Things (IoT) technology.
Read MoreThe internet of things, big data, machine learning, artificial intelligence, smart buildings. Even for those in the industry, it’s hard to tell what’s real and what is just hype.
Read MoreIn office and apartment buildings across the country, operators are adjusting equipment systems and responding to issues so the rest of us remain comfortable.
Read MoreIn response to federal inaction on policies to address climate change, city governments have begun to aggressively take up the mantle. In few places has this been embodied more than in New York City by Mayor Bill de Blasio’s administration.
Read MoreDon Draper in marketing, Gordon Gekko in finance. Forgetting their moral failings, it’s hard not to romanticize these characters for their business acumen. With pure talent and ambition, they made gutsy decisions that elevated their companies into the stratosphere.
Read MoreWhen the decision is made to submeter tenants for their utility usage, either at the development stage or in an existing building, the owner or property manager is making a choice that could impact their bottom line for decades.
Read MoreA convergence of trends is compelling real estate service companies to become drivers of technology adoption across the industry.
Read MoreReal estate owners and operators are increasingly turning to technology to reduce costs and improve net operating income in the face of flattening revenue progression.
Here are five ways technology is being used to optimize real estate operations:
Read MoreSince the Financial Crisis of 2008, the real estate industry has seen a recovery and large returns in many markets (albeit not all). Now, a decade later, high yields are no longer guaranteed.
Read MoreMany Commercial Real Estate (CRE) companies bill their tenants each month based on the amount of electricity, water and/or gas they consume. Generally, this is a smart business move.
Read MoreFor many operators in commercial real estate portfolios, it’s a struggle to find the time to plan and implement a comprehensive maintenance plan. Ironically, this is often because they are dealing with unscheduled emergencies so often that they can’t take a step back.
Read MoreIt’s 1:14 AM. Demand for your exhaust fan was interrupted and the schedule was reset. Because you have routinely have personnel working overnight, it should be running 24/7. Instead, some members of the cleaning staff get sick due to a lack of ventilation in the basement.
Read MoreAccording to the Building Owners and Managers Association (BOMA), electricity and maintenance costs account for roughly $3.50 of the almost $8.00 per square foot in annual operating costs.
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