No person or industry wants to be described as a “laggard,” and the Commercial Real Estate (CRE) industry is no exception. Falling behind is not something it does. In fact, IBISWorld reports that the CRE industry is the “1st ranked Real Estate and Rental and Leasing industry by market size and the 4th largest in […]
Paperwork. It is truly a rare person who enjoys this tedious but imperative task. The best way to minimize the time spent on this mundane job is via automation through technological innovation. Draw requests comprise invoices, receipts, budgets, change orders and lien releases. And if you are still handling these chores manually for a Commercial […]
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 solutions.
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 […]
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 […]
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. […]
Former CEO Jon Roskill transitions to an advisory role for EQT Partners Kirkland, Wash., Feb. 16, 2022 — Acumatica, the world’s fastest-growing cloud ERP company, has named John Case as its new chief executive officer, effective March 1, 2022. Case will take over for Jon Roskill, who is stepping down as Acumatica’s CEO after leading the […]
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 […]
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. […]
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