Project errors — especially unforced, preventable errors — have been the bane of commercial real estate (CRE) developers’ existence since a time when land was first bought and sold. Now, especially with the explosion of tech over the past several years, the best way to minimize project errors is through the implementation of state-of-the-art digital …
Long an industry that lagged behind others in new technology adoption, commercial real estate (CRE) development has been coerced into digital fast-forward over the past couple of years. In fact, the Covid-19 pandemic destroyed any remaining trepidation the industry might have had, and forced the rapid launch and expansion of cutting-edge technology solutions into the …
Using Modern Tech to Address Old Problems in Commercial Real Estate Development Read More »
The overwhelming majority of commercial real estate (CRE) projects are coming in late and over cost estimates, experts say. And the best way to combat this unfortunate trend is by moving away from legacy systems to state-of-the-art CRE budgeting solutions. According to a recent IDC survey, 78% of CRE projects are over budget, and projects …
How Tech Can Help Ensure Commercial Real Estate Projects Are On Time And Under Budget Read More »
Supply chain bottlenecks on both coasts have made headlines in recent months, particularly in Los Angeles and Long Beach, where container ships are often backed up for weeks waiting for cargo to be discharged. The real estate development and construction industry, which depends on materials and equipment from many other industries, remains especially hard hit. …
All Eyes Are On the Global Supply Chain for 2022 Commercial Real Estate Read More »
Commercial real estate (CRE) development has seen digital innovation and technology adoption grow over the years, especially lately. And although tech had spread across much of the real estate continuum by 2019, according to Deloitte’s annual report, the industry was still relatively slow to adopt tech compared with other industries. The global Covid-19 pandemic in …
Five Challenges Affecting Commercial Real Estate Development Read More »
Several years ago, Commercial Real Estate (CRE) was in danger of falling behind in the adoption of new technology. But that has definitely changed. As reported by Forbes, investment in property tech (Proptech) grew by 1,072% between 2015 and 2019, and in 2018, venture capital firms invested $8.3 billion in Proptech companies throughout the world. …
How Technology is Advancing Commercial Real Estate Development Read More »
Quickbooks™ was a godsend for businesses upon its creation nearly four decades ago. And while it remains good at what it does, limitations abound. If you’re consistently forced to create workarounds to solve problems, that’s a good indication you may have outgrown your software. QuickBooks is an accounting software package developed and marketed by Intuit. First …
Why QuickBooks is Inadequate for Your Growing Real Estate Development Organization Read More »
Not long ago, the “Cloud” was looked upon with a great deal of trepidation. But in lockstep with technological innovation, the cloud is now everywhere. The cloud is an Internet-based service that delivers various applications and services, such as data storage, servers, databases, networking and software. Cloud-based storage makes it possible to store files in …
Three Reasons Why Cloud-based Real Estate Development Software is Superior Read More »
For the past several years, cloud computing has revolutionized how businesses handle everything — from security and efficiency, to costs and data analytics, and more. In fact, executives across all industries, sizes and geographic locations are recognizing the many advantages of cloud computing for businesses, and Commercial Real Estate (CRE) development is no exception. Resistance …
Digital Transformation: Moving CRE development into the cloud Read More »
As with many other industries, the commercial real estate (CRE) space has seen digital innovation and technology adoption continue to grow over the years, especially lately. By 2019, according to Deloitte’s annual survey, tech had spread through virtually the entire continuum of the CRE industry, but its adoption was still moving relatively slowly compared with …
Three ways tech can help real estate developers increase productivity in 2022 Read More »