“Real estate technology” has gone from practically an oxymoron to a force driving investment and innovation. In fact, about 70% of the $6 billion invested in real estate technology has occurred in the past two years, and is projected to come in around $3 billion in 2017.
Read MoreSilos provide the structure that promotes specific expertise and a linear flow of information. But silos also cause problems, namely a restriction on the information, collaboration, and focus outside the department.
Read MoreWhen it comes to building operations, few real estate companies can honestly state that there is a culture of continuous improvement. Even portfolios that are operated exceptionally well rarely can point to cultural reasons for the success.
Read MoreMany properties utilize meters for individual tenant spaces to collect data around electricity and water use, and bill each tenant for their share of total building consumption. Often, a third party reads the meters and sends the invoices on behalf of the owner or property management company.
Read MoreThere is faith that “building management systems are the backbone of smart buildings.” Owners and operators are envisioning ways in which the traditional BMS can be expanded to become the source of data for how a portfolio of buildings is performing.
Read MoreAs important as it is to continuously improve how buildings are operated within a portfolio, it is equally important to avoid missteps that negatively impact performance. We've noticed a set of common strategies and mindsets among the best operators in the industry.
Read MoreReal estate companies are in the process of reviewing proposals for upgrades to save on operational expenses or improve tenant comfort. Unfortunately for many of these companies, evaluating retrofit proposals depends heavily on experience and intuition instead of hard data.
Read MoreTwo 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.
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