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Drive Predictability in Today’s CRE Landscape With New Solutions From Northspyre
In today’s high-stakes commercial real estate environment, it’s more important than ever for developers to have consistency and predictability in their operations. While some may say being predictable is boring, we disagree. With so many moving parts and millions of dollars at stake, the smallest oversight can be catastrophic to your bottom line. But, by…
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10 Ways Real Estate AI is Transforming the Industry
The commercial real estate development industry, like many others, is set to be disrupted and enhanced by artificial intelligence (AI). The industry has a reputation for being slow to adopt new technologies – Deloitte’s 2024 Real Estate Outlook survey reported 61% of respondents said their firm’s core technology infrastructure still relied on legacy systems. However,…
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Revolutionizing Real Estate Development: Introducing Northspyre AI & More
Sophisticated developers understand that half the battle in ensuring a project’s success happens before construction begins. In the pre-development stage, crucial decisions are made: Are you working with the right vendors? Are your vendor bids and contracts airtight to minimize future change orders? Simply put, are you setting yourself up for success? Or are you…
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How Tech Makes Real Estate Development Sustainable and Profitable
Sustainability is transforming commercial real estate. Commercial properties are responsible for 40% of global emissions, and as climate change poses an increasing risk, real estate stakeholders are investing in solutions to preserve the returns and longevity of assets. As a result, sustainable development practices and Environmental, Social and Governance (ESG) initiatives have become the largest…
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How Real Estate Development Software Unites Finance and Project Teams
Over the course of a complex development process, your project management and financial teams need to communicate to bring projects in on time and under budget. Finance and project teams work together to ensure a project is financially feasible, capital is deployed correctly, and investors or other key stakeholders receive reports on a project’s progress.…
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How to Improve Your Real Estate Development Process in 2024
The real estate market will have a mixed outlook in 2024, and while economists are hopeful the U.S. will avoid a recession and achieve a soft landing, economic growth remains slow and downside risks will stay high. As a result, investment activity and capital deployment are expected to remain stalled through the first half…
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How to Use Real Estate Project Management Tools to Reduce Admin Tasks and Cut Costs
Project managers are responsible for overseeing many components of a complex real estate development project, ensuring capital is strategically deployed, creating and executing timelines, and navigating the regulatory and zoning process. As a result, project managers are often overburdened with administrative tasks, from managing documentation such as permits, contracts, change orders, or zoning requirements, to…
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5 Tips for Vetting Real Estate Software Development Company Options
The commercial real estate industry has undeniably embraced technology. Nearly 100% of commercial real estate companies have invested in technology and are expanding technology programs—and technology advancement continues to rank at the top of trends driving the industry forward. As in daily life, tech-powered tools are quickly becoming a standard part of real estate operations,…
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Why Sunbelt Markets Will Continue to Boom in 2024
Over the last decade, the Sunbelt emerged as a major site of growth in the commercial real estate market. Due to robust population growth, CRE industry experts are expecting the region, which stretches across eighteen states in the southeast and west including Florida, Texas, Arizona, and George, to continue to boom in 2024 and beyond.…