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Why Real Estate Developers Need an Anticipated Cost Report
The monthly cost report – or draw request – is one of the most important documents for a commercial real estate developer. It is the trusty report that documents all project activity from the past 30 days, secures necessary financing, and ensures that all key stakeholders are kept in the loop regarding project status. It…
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Northspyre Surpasses $4 Billion in Projects Under Management
We announced some exciting news today! We officially surpassed $4 billion worth of capital projects facilitated on the Northspyre platform – and accomplished this with less than $2 million in venture backing. We are so humbled and motivated by this milestone, and look forward to helping even more real estate professionals deliver their projects on-time…
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Start Your Commercial Real Estate Project Out the Right Way
A thoughtful, structured start can make all the difference for CRE owners and developers running multi-year real estate projects. Instead of course-correcting throughout the lifetime of the project – which slows teams down and leads to budget overruns – feel prepared and ready to handle any challenges or opportunities you may face. Follow these five…
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How Real Estate Developers Can Increase Productivity
Productivity for real estate developers has remained stagnant since 1945 – this includes owners and developers on tight timelines and budgets. Without purpose-built technology, project delivery teams have relied on static spreadsheets and clunky legacy applications better suited for accountants or construction teams. These high-skilled teams deserve a modern solution to increase productivity and realize…
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Why 70% of CRE Project Delays Happen Before Ground Breaks
Real estate project delays are a hard reality of commercial and residential development. Whether it’s a ground-up construction, a major renovation, an interior fit-out or something in between, most projects end up surpassing their expected completion date.
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5 Ways Accounting Software Limits CRE Project Delivery
A majority of commercial real estate project delivery teams rely heavily on their accounting department’s software to manage project finances. While that practice may have seemed fine in the past when there were no alternatives, there are many reasons why this method is inefficient and causes needless headaches for both accounting and project management teams.
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How to Build Data-Driven Forecasts for Your CRE Development
Are you a commercial real estate owner or developer? Do you ever find yourself bogged down in spreadsheets trying, unsuccessfully, to build credible, data-driven forecasts that anticipate where your project is headed? Are you constantly looking backward at historical costs instead? Do you wish you could confidently predict and account for future challenges and opportunities…
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3 Tasks Wasting Your CRE Project Delivery Team’s Time
It is no secret your CRE project delivery team has a lot to manage. It may not be as obvious, however, where the majority of their time is being spent – or misspent. Is it on high-impact decision-making or low-value administrative tasks? Are they overburdened with tedious, time-consuming assignments? Do they wish they could stop…
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The 10 Major Blind Spots of Current Real Estate Project Management (Clone)
Many real estate professionals continue to rely on traditional cost tracking and project reporting methods – like complex spreadsheets and legacy desktop applications – without realizing how they detract from the success of a project or portfolio. Think: your project teams are highly skilled, highly capable and give 150% to their work – shouldn’t their…