Northspyre helps real estate developers and internal real estate teams use data, automation, and artificial intelligence to get easier, more predictable outcomes on complex projects.
We empower forward-thinking real estate project teams to save up to 6% on project costs across all asset types and scales from $100K asset management projects to $1B+ megadevelopments. We unlock higher profits and newfound productivity for all project decision-makers -- from project leaders all the way up to the CEO.
Project delivery can be difficult, unpredictable, and lacking good tools.
Modern real estate teams can increase returns and achieve easier, more predictable outcomes on their projects by leveraging automation, data analytics and artificial intelligence to be more strategic, proactive and data-driven in their daily decision-making.
STEP 1 | Leverage A.I. to eliminate slow speed-to-information traditionally caused by data-entry + manual file uploads AND automatically identify project blindspots.
STEP 2 | Harness real-time data and early warning systems for faster, more data-driven decision-making and credible forecasting. Stop relying solely on backwards looking reports like draw requests to guide project decisions.
STEP 3 | Increase profits with greater visibility, searchable project data (past and present), automated benchmarking, worst-case scenario forecasting, spending projections, one-click draw package creation, and more.
"Prior to Northspyre, I was wondering if I should add staff - how do I get myself out from underwater? I had to do a lot of legwork in Excel and gather files before sitting down with my architect or contractor to negotiate. Someone in my role has to come with data."
Director, Real Estate Expansion at The Museum of Modern Art, NYC
"The reason why I always suggest Northspyre when people are asking, is that the access and interest of the leadership of Northspyre - its founders, its coders, its developers - is so much…and that’s a unique benefit of working with Northspyre."
Vice President at Leggat McCall Properties, Boston
"With Northspyre, when I’m doing my draw, when I’m doing my forecasting, all my data is already in Northspyre and I don’t have to go get it from another team member or my accounting department - making it a much quicker process… I’m much more efficient and in control."
Vice President of Construction at S.J. Collins, Atlanta | Featured: The Interlock
Jones Lang LaSalle
Madison Realty Capital
B.A. Architecture, Yale
Masters, Real Estate/Planning, Harvard
Full-Stack Web Development, Udacity
B.S. Math & Mech. Engineering, UPenn
Masters, Mech. Engineering, UPenn
M.S. Pure Mathematics, University of Cambridge
M.Sc. Mathematic Modeling and Scientific Computing, University of Oxford
KOW Building Consultants
JE Dunn Construction
B.S Architectural Engineering, UT - Austin
Boston Consulting Group
Clinton Health Access Initiative
B.A. Political Sci. & Psych., Yale
MBA, UPenn - The Wharton School
William co-founded Northspyre in 2017 after spending six years as a New York City real estate developer and project lead. He worked for leading firms like Madison Realty Capital, Macklowe Properties and Jones Lang LaSalle on high-profile, multimillion-dollar ground-up developments and major renovations across the city. Through these experiences, he learned a lot that helped lay the foundation for Northspyre.
One observation he made then — that we can all attest to today — was that real estate owners, developers and project collaborators were slow to adopt modern technology, harness their data or leverage automation. Most project teams were, and still are, extremely reliant on convoluted spreadsheets, siloed information between team members and gut instincts to make decisions that have major implications on project costs and timelines. This made it very difficult and cumbersome to refer back to records from past projects that could help prevent the same mistakes or oversights from happening again on future projects — allowing the project team to work more efficiently.
He also noticed that highly paid and highly skilled staff members were bogged down by administrative work that impeded on their ability to do the most valuable work – focusing on the strategic direction of a project or portfolio and creating value. It was clear that CRE was lagging behind other knowledge-based industries — like finance and advanced manufacturing — that had successfully harnessed the power of data, automation and artificial intelligence to streamline operations and mitigate risk. William was inspired to create a purpose-built solution and bring CRE project delivery into the 21st century.
In his spare time, William (who had become a software developer on the side and real estate developer by formal trade) started contemplating a future where modern real estate teams might take advantage of powerful technologies that could eliminate manual, day-to-day administrative tasks involved with real estate project delivery while proactively alerting project leads to early warnings across their portfolio. This vision led to Northspyre.
Now, almost four years later, Northspyre has helped forward-thinking clients across the country facilitate more than $20 billion worth of capital projects. Today, Northspyre is more motivated than ever to transform project delivery for all real estate professionals.
What is Northspyre?
Northspyre is a cloud-based intelligence platform that harnesses the power of automation, data analytics and artificial intelligence to help teams achieve easier, more predictable outcomes on their projects. This is accomplished by: eliminating data entry and other tedious administrative tasks; providing real-time access to critical project data to make better, more informed decisions; generating key actionable insights; increasing visibility into project metrics; and, mitigating potential risk. Northspyre was designed and built specifically for real estate professionals who run complex, budget-driven projects: owners, developers, asset managers, project management firms, and internal real estate teams at institutions and corporations. It is not construction management software force-fitted to real estate owners like many options currently on the market.
Who does it serve?
We work with leading owners, developers, project management firms (or owner's reps) as well as internal corporate and institutional real estate teams. Our clients manage a wide breadth of project sizes (budgets from $100K – $500MM+) across asset classes, (including, but not limited to, multifamily, office, industrial, retail, and hospitality) and types (ground-up development, major renovations and fit outs).
How is it different than what's already on the market?
Most existing software moves the work you were doing in spreadsheets into the cloud or a desktop application... but you still have to do all the time-consuming work like data entry and putting together monthly draw requests. Northspyre takes things a step further by eliminating entire tedious workflows by leveraging the power of automation, while using its intelligence to proactively comb through your project data and offer critical insights and actionable next steps - keeping you on schedule and within budget.
When should I bring Northspyre into a project?
We recommend looping Northspyre into your project at the very beginning - when you are planning, designing and getting the necessary entitlements. Most real estate teams pay close attention to the construction schedule once ground-break happens BUT many delays actually happen before a project even starts due to bottleneck decision-making.
For example, if a project lead is busy working on requisitions, they may fall a day behind in releasing an RFP for demolition contractors or in filing permit paperwork. Losing even just 1-3 workdays every month for a year can cause a project to fall 1-2 months behind schedule - and that's before you've even started construction. Northspyre can help with that.
Project already underway? We make it super easy by porting over all of your existing data from spreadsheets or ledgers (whatever you have) into Northspyre. You just keep running your project and, over the course of 2-10 business days, we'll handle everything on the back-end. We'll also do a peer review to identify any errors or discrepancies -- we often find inconsistencies in spreadsheets that clients were completely unaware of previously.
How does the pricing work? Are there long-term contracts? What about hidden fees?
Our pricing is tailored for each different customer segment and our clients’ individual project needs. For frame of reference: pricing can be monthly or based on license tiers for multiple projects in an organization. We'll make it work for your business model. Just ask.
And there are no hidden fees. We are completely transparent and work with you to make sure you know understand exactly what you are getting when you sign up.