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How Real Estate Development Project Managers Earn Stakeholder Trust
Stakeholder trust plays a critical role in the success or failure of a real estate development project manager. Senior leadership must have faith in their project manager’s competence and capabilities from the design phase to the end of construction.
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4 Key Reasons to Maintain Commercial Real Estate Historical Data
The success or failure of a commercial real estate project can depend on the development team’s level of preparation. If an organization begins a project without its ducks in a row, it will inevitably run into delays, cost overruns, and other serious problems. And that’s not even considering external factors like rising inflationary pressure and…
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How Excel Compares to Real Estate Development Software
Real estate developers have used Microsoft Excel as a project management tool for decades, and it’s easy to see why. The program is ubiquitous, relatively easy to learn, and has just enough functionality to get the job done. However, even though it’s become an industry standard solution, it’s not real estate development software.
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What Is a Draw Request? Everything You Need to Know
Construction projects can be notoriously hard to manage both in terms of timeframe and budget. In fact, an estimated 69% of projects run overtime.
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How to Uncomplicate Commercial Real Estate Project Management
It’s no secret that commercial real estate projects require razor-sharp planning and flawless execution to make the whole process worthwhile.
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Where Does Commercial Real Estate Technology Fit into Priorities?
The commercial real estate industry is heading towards an interesting intersection of surging technology adoption and mounting industry challenges. The industry-wide issues consist of the lingering effects of a pandemic, rising construction costs, looming recession potential, and the ongoing skilled labor shortage.
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The Hidden Impact of Manual Administration in Real Estate Development
Glassdoor defines administrative work as “duties related to maintaining an office setting. These duties vary widely from workplace to workplace but most often include scheduling appointments, answering phones, greeting visitors, and maintaining organized file systems for the organization.”
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How Hybrid Workers are Impacting Office Building Development
The way we work is changing. And as a result, the real estate development landscape is changing too.
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How to Combat the Affordable Housing Development Cost Crisis
With a supply chain already in flux due to the pandemic now further exacerbated by the war in Ukraine and rising interest rates, construction material costs aren’t going down anytime soon. For the affordable housing market, defined in New York City as housing rented for $1,500 or less, high construction costs are causing problems.