Real Data Management

What Our Clients Say: JLL's Tony P. Cartagine

noreply@blogger.com (Unknown) — Mon, 09 Jun 2014 13:23:00 +0000

JLL’s Tony P. Cartagine had this to say about RDM’s Property Plan Book services:

“Wow, you’re good! I am feeling good about my decision to utilize RDM’s services.”

RDM created a Property Plan Book for JLL managed 85 Broad Street. The building is also enrolled in our Support Program which includes access to our web based space management app – RealAccessTM Commercial, REBNY/BOMA measurement consultation, and annual building walk through.

JLL is an example of one of the many organizations utilizing RDM’s comprehensive Support Program for leasing, management, and fire safety. To see what our other clients are saying, click here.

About JLL:
JLL (Jones Lang LaSalle) is a financial and professional services firm that specializes in commercial real estate services and investment management. To find out more, visit www.us.jll.com

What We Heard: Boston's State of the Office

noreply@blogger.com (Unknown) — Wed, 04 Jun 2014 19:20:00 +0000

On their recent Boston trip, the RDM team attended Bisnow’s State of the Office; where experts discussed the leasing, capital markets, and development activity in the Boston region.

The panel included experts from Synergy Investments, ADD Inc., CV Properties, Tishman Speyer, Goulston & Storrs and McGladrey.

This is some of what we heard:

• Sam Schaefer (Tishman) - has seen rent growth in low and mid-rise buildings, but not as much in high-rises.

• Frank Litwin (Goulston) - says the cost of construction in Boston is limiting supply.

• Schaefer - political constraints are hindering growth as well; however, tenant growth is good.

• Fred Kramer (ADD Inc.) - tenants are looking for office space in areas favorable to their employees because this will help retain employees in the long run.

• David Greaney (Synergy Investments) - businesses are moving from the suburbs to the downtown area because they’re able to attract better talent downtown.

• Greaney - says urban areas are better for attracting startups or companies that require “younger talent”.

• Dick Galvin (CV Properties) - growth of startups in Boston is in large part due to the proximity to great schools like MIT.

• Greaney - startups have “organic growth” - they begin a lease wanting a small floor plate but three years into the lease they want to move to a 20,000 sf floor plate.

• Litwin - growth in Boston is also coming from expansion of education and medical industry in the region.

• Kramer - new development occurs when a tenant explicitly voices a need.

• Schaefer - building amenities are key in the market. At 125 High Street, Tishman installed a gym and conference center for their tenants.

• Galvin - says buildings need to foster a collaborative work environment, provide sustainability/green initiatives, and accommodate unusual work hours to attract tenants.

• Kramer - amenities in the suburbs are also important, however, the types of amenities needed are different (i.e., bringing in retail and food options at a suburban office park).

• People want to live in downtown Boston but more housing is needed for the middle class.

• Galvin - the city needs to find a way to retain talent from area colleges. For example, Mark Zuckerberg left Boston for San Francisco.

• Greaney - it’s tough to put leases together as companies increasingly want flexibility; for example, a five year lease might not fit into a startup’s business plan.

• Schaefer - finding well-leased assets with good cash flow is very challenging in today’s market.

• Greaney - lending in Boston is very strong right now, this is good for both the landlord and the tenant.

• The price per square foot of Boston office space is still relatively cheap compared to other global cities.

• Greaney - the general profile of a Boston landlord has changed from what it used to be; there are more large institutional players and foreign investors.

How will the CRE Industry Evolve?

noreply@blogger.com (Unknown) — Mon, 02 Jun 2014 19:20:00 +0000

RDM’s Joe Leach and Mike Solarsh were among the more than 300 attendees at this year’s Honest Buildings Real Estate Innovations Summit.

The conference profiled some of the most innovative players in New York real estate including SL Green, Kushner Companies, Hines, Tishman Speyer, Cushman & Wakefield, WeWork, RXR, and The Empire State Realty Trust.

The panelists discussed the intersection of real estate and technology, and recent innovations that they and their teams have recently put into action.

This is some of what we heard:

Innovations in Leasing & Marketing
• Augustus Field (Cushman & Wakefield) – believes we are in the most competitive real estate market he’s ever seen. Tenants are looking for space everywhere. If Midtown South doesn’t work, they’ll look in Brooklyn or Financial District, etc.
• Tomas Durels (Empire State Realty) – a tenant’s biggest concern is keeping their employees productive. It’s his job to make sure his buildings are equipped with amenities to make this possible. As an example, the Empire State Building was able to attract LinkedIn and Shutterstock because they have a tenant only private gym and will soon offer a tenant only restaurant and conference center. They also have intelligent lighting systems, which saves tenants money on energy costs.
• Daniel Bodner (Kushner) – Amenities are a must, but you need a differentiator as well. For Kushner’s Dumbo spaces, telecom and connectivity are a differentiator, as Kushner’s Dumbo properties are a tech campus. In order to attract tech tenants, he’s worked with Wired NYC to acquire Wired Platinum status.

How will the CRE industry evolve?
• Nick Romito (View the Space) – says there’s so much institutional money being invested in real estate right now, that it can only increase. He predicts changes in how we market spaces; less paper fliers and more digital.
• Brandon Weber (Hightower) – Has seen leasing teams abandon excel and increase smartphone usage. He stresses how quickly new companies will be able to implement new software to manage their spaces.
• Bodner – Has seen dramatic changes in the last 2 years, both in the types of tenants leasing space, and the technologies being used. Kushner was an early adopter of Hightower and he could never see his leasing team going back to the old way.
• Durels – His company will continue to focus on repurposing older properties for modern use. He also predicts workplace environments becoming more collaborative.
• Field – stresses that while technology is great, it’s important that we do not lose the “human touch.” Used the example of the greeters at the Empire State Building who warmly say hello and smile at you when you walk in.

How will technology be implemented?
• Weber – “good tech just melts away” as in it’s seamless. You don’t even notice it once you’ve started using it. Said his clients have an “aha” moment when they open up their iPhone and see reporting and analytics for their portfolios.
• Durels – It’s the owner’s job to make the broker’s job easier. His company takes great efforts to create a nice website that includes videos and information on each available space.
• Nick – Tells clients that brokers need to embrace technology because it will make them more efficient and save them time.
• Weber – Added that people are often skeptical about software, especially in the Real Estate industry, because of bad experiences they’ve had in the past. To this he stresses the ease of implementation and the training.

Adam Neuman, Founder of WeWork
• It’s an amazing time we live in that some of the biggest startups like Uber and AirBNB are also questionably legal.
• Believes in disruption, as in taking a concept and making it better.
• The main idea behind WeWork is creating a community that brings entrepreneurs together. They call it the “We Generation.”
• WeWork started in Soho with two founders, one employee and 3,000sf of space. Today they have 1.5M sf of space.
• In the beginning their challenge was to convince landlords to lease space to them, an unproven company. That one employee in 2010 has turned into 200 employees in 2014.

Jessica Goldman, CEO of Goldman Properties
• Goldman Properties is about neighborhood revitalization.
• They find neglected boring neighborhoods and turn them into something trendy and popular.
• Goldman likes to infuse art and creativity into their buildings and neighborhoods. They don’t just change the building, they change the whole neighborhood. Investing in making neighborhoods more interesting and beautiful eventually pays off on the back end with higher rents.
• She believes that the way neighborhoods progress is first people want to play there, then they want to work there, and then lastly they want to live there.

Jared Kushner, CEO of Kushner Companies
• Every company today is in some way a tech company.
• Over the last few years Kushner and his brother have invested in many tech companies - often finds himself as an informal advisor.
• These companies cannot live without the absolute best internet connectivity. They could go without having power, but not having internet is unthinkable.
• Bike access is a must as well.
• Sees a lot of these tech companies gravitating towards Brooklyn. As a result, Kushner has been buying properties in Brooklyn, Soho, Downtown, and his next area of focus is Jersey City.
• He believes that not embracing tech can hold a landlord back.
• He’s also high on Hightower and Wired NYC.
• At Kushner he tells his employees that they’re in the customer service business and that listening to their tenants is vital.

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What We Heard at the NYC Tech Forum

noreply@blogger.com (Unknown) — Fri, 23 May 2014 14:00:00 +0000

The RDM team was in attendance at the 2014 NYC Tech Forum, which brought together leaders in the tech sector and the real estate, design and building industries to discuss the technological innovations impacting New York City real estate.

Featured speakers included professionals from Jamestown Properties, Himmel+Meringoff Properties, RFR Holding LLC, Related Companies and L&L Holding Company, with a keynote from William C. Rudin, CEO & Vice Chairman of Rudin Management Company, Inc.

In his keynote, William Rudin addressed making buildings more attractive to tenants:

• In order to attract top companies, owners need to have their game at the “best level” possible.
• Rudin partnered with the Downtown Alliance over 20 years ago to reposition 55 Broad Street for tech companies.
• They created a high speed network which gave tenants a “choice” – something no one else was doing.
• This is why it only took 18 months to reach 100% occupancy at 55 Broad after the reposition.
• When competing on a global level, you have to think of ways to make your building better.

This is some of what we heard during the panel discussions:

First panel
• Ashkan Zandleh (RE:Tech) - Tech companies are coming to NYC to expand. Tech companies seized the moment during the recession and took advantage of the supply of space in midtown south.
• Steven Rosenbaum (Magnify.net) sees LA creeping up on NYC by becoming a “real digital competitor and content creator”.
• Molly Zinzi (Google) – says Google is constantly challenging engineers to make new products and move quickly. All this plays into real estate decisions.
• She runs a 5 star hotel and encourages employees to use resources in the community.
• The environment in Google’s NYC office is different than in Mountain View - every “Googler” has a desk.
• Google is here because their employees want to be in NYC and they’re close to the ad revenue.

Second Panel
• Steven Meringoff (Himmel+Meringoff) says when leasing space, they’re concerned with the growth of a company. Tech companies change quickly and owners need to keep up with space requirements.
• Owners need to proactively seek opportunities to retrofit buildings with new technology such as fiber optic networks.
• Tech companies in growth mode should build space that is generic so they can easily sub-lease.
• It’s important to have communal spaces.
• Meringoff says NYC is a “tale of many cities” – there are companies that want to be close to transport centers and others that are attracted to cool regardless of transportation.
• Gregg Popkin (RFR) says areas that are most popular are incredibly supply-constrained.
• Popkin believes the boroughs are finally participating in the growth of NYC. It’s now hard to find areas where you don't want to be.

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What We Heard at the 5th Annual D.C. Real Estate Summit

noreply@blogger.com (Unknown) — Tue, 20 May 2014 18:44:00 +0000

RDM’s Blake Grosch and Joe Leach were among the 650 attendees at this year’s 5th Annual D.C. Real Estate Summit, presented by Bisnow.

The multi-panel event brought together some of the biggest names in D.C. real estate to discuss the current state of the market, key industry trends and predictions for the near future.

Among the all-star speakers were professionals from Arent Fox, Brookfiled Office Properties, Jamestown Properties, Cassidy Turley, Vornado, Genlser, Rappaport Companies, Penzance, JLL and CohenReznick.

The event kicked off with a conversation about entrepreneurship between former US Senator (and current Arent Fox advisor) Bob Bennett and billionaire BET founder Bob Johnson. Johnson noted:
• You need to be a risk taker in order to be an entrepreneur; being too cautious or too aggressive can lead to failure.
• When starting out your ideas may be rejected -you need to believe in yourself and your ideas.
• Entrepreneurs need to consider what hasn't been done before.
• Johnson doesn't see risk, rather opportunity. Notes that if he doesn't do it somebody else may.
• It was a long uphill battle to start BET as the majority of black households at the time didn’t have cable television. Getting the product to the target audience was a real challenge.
• If you find passion lagging, that's when you may not succeed. This is why he decided to sell the Charlotte Bobcats to Michael Jordan.

In their interview, Jamestown CEO Matt Bronfman and Brookfield Office US CEO Mitch Rudin discussed the urbanization of America's cities.
• Mitch -Brookfield owns 3x more buildings in DC than other markets.
• Matt -is most optimistic about NYC, sees upside in supply & demand constraints, zoning issues, etc. DC is 2nd.
• Mitch -sees downtown Manhattan turning into an extraordinary mixed use neighborhood.
• Matt -believes in urbanization trend and that folks don't want to be in their father's building. Mentions Industry City in Brooklyn and Sear's conversion building in Atlanta. Aside from trophy assets, Matt also likes to chase assets that are in some way unique.
• Mitch -says the trend is evident in that new driver's licenses among 18- to 25-year-olds have gone down 30% over the past 30 years, indicating a flight to cities -young people want to live-work-play all in one convenient location.
• Also notes that Houston has been the hottest market over the past couple of months for Brookfield. Points to dearth of zoning regulations in the market and the presence of many fortune 500 companies.
• Matt -worries about job growth, still slow.
• Mitch -regrets not getting into San Francisco sooner, worries about markets that aren't diversified with industries.
• Matt -raises a lot of capital from Germany. Worries about US and German relations. Obama has been positive for European investors.
• Matt –Jamestown has a lot of capital they’re sitting on and wants to pull the trigger on another iconic asset in DC.

Steve Fuller, Director of the Center for Regional Analysis at George Mason University, notes:
• DC is under performing the national economy.
• Looking at the top 15 national real estate markets, DC has consistently had some of the lowest, if not the lowest, growth levels over the past 5 years.
• Growth will come but will not be as large as hoped in the short term.
• Sequestration and decreased federal spending has slowed growth.
• The federal work force is also decreasing.
• DC lost 12,000 office workers, vacancy is 14.5%, two points higher than the rest of the country.
• Need to replace dependence on government in order to fill the void.
• Suggests for DC to become a global business center. Uses London as an example of a diverse global capital city that does a good job of balancing the public and private sectors.
• Doesn't believe tech is the only answer; the focus can also be on healthcare, education, and other sectors.

Here is what we heard from the Panel Discussions:

First Panel
• First Potomac Realty Trust Chairman & CEO Doug Donatelli -amount of equity out there chasing deals is more than ever, except fundamentals aren’t great in DC.
• MetLife Director of Equity & Investments Anthony Balestrieri -sees deal volumes down in DC. Isn't sure current investors are expecting to make money downtown but rather looking for a safe place to park their money.
• Rappaport Companies CEO and former ICSC Chairman Gary Rappaport -they just focus on NOI growth, this is what they can control.
• Bank of Georgetown President Chairman & CEO Mike Fitzgerald -expects interest rates to rise the first half of 2015 -- his sweet spot for loans is metro DC -- likes to see projects that can be built / sold in 18 months.
• Balestrieri -needs to find assets that will mature over 30 years.
• Donatelli -sees it tough to get younger generation to abandon public transport. Sees future in urbanization. Will be difficult for owners of office parks.
• Fundrise Co-founder Ben Miller -sees gap in cap stack where institutional players aren't playing.

Second Panel
• Easterly Partners principal and former US Buildings Commissioner Joe Moravec -the government is in a period of confusion. At least now there's a budget.
• Gensler Principal and Former US Building Commissioner Bob Peck -government has roughly 50m SF under management.
• Easterly Partners principal and former US Buildings Commissioner Joe Moravec -sees lack of resources on government side to get leases done. Plus there is no lobby group to make the GSA more efficient.
• Cassidy Turley Vice Chairman, Principal Darian LeBlanc -there will be losers with government downsizing.
• Bob-need to take a look to see how your building will meet new government requirements.

Third Panel
• Toby Bozzuto of Bozzuto Group -views the Monroe Street Market as a multi-faceted environment that creates an experience.
• Johnny Moseley of Moseley Construction Group -sees a lot of owners spending money on amenities. This is being done to keep up with the new developments coming online.
• Norman Jemal of Douglas Development -likes to build to the top of the market, can move down but not up.
• Joe Margolis of Penzance views his project's location in Clarendon (near transit) key to success.

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RDM Maximizes RSF for 7 of 10 Largest NYC Building Sales

noreply@blogger.com (Unknown) — Mon, 19 May 2014 18:41:00 +0000

The Real Deal recently published their list of NYC’s Biggest Building Buys of 2013 and we are proud to announce that RDM advised on 7 out of the top 10 office property transactions on the list; valuing over five billion dollars.

See Also: RDM Supported 19 of Top 25 CRE Managers in NYC in '13

Over the years Real Data Management has helped discover inconsistencies in RSF numbers presented to the potential buyer, added credibility to existing calculations, and uncovered additional value in under-measured buildings.

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NYC's Retail Explosion

noreply@blogger.com (Unknown) — Wed, 14 May 2014 12:28:00 +0000

RDM’s Blake Grosch and Joe Leach were in attendance for Bisnow’s 4th Annual Retail Real Estate Summit where industry leaders discussed the resurgence of the retail sector, the state of investment activity and measures retailers are taking to combat online shopping.

The dual-panel event featured professionals from Crown Acquisitions, Brookfield Office Properties, Cushman & Wakefield, Westfield World Trade Center, CBRE, The Howard Hughes Corp. and AKF Group with keynotes from Lacoste North America and Arent Fox.

In his keynote, Francis Pierrel, President & CEO of Lacoste North America noted:

• Retailers need to be where people want to spend money.
• The biggest opportunity is to locate where people find leisure - think Eataly
• NYC’s 5th Ave lacks a reason to attract people beyond shopping.
• Building owners need to understand DNA of a brand when designing stores - Lacoste is about colors.
• Brands need to maintain a long term vision to maintain profit.
• When it comes to tech, 40% of shoppers use their phone for shopping purposes.
• This is why shoppers need access to WiFi.
• Wifi also allows retailers the ability to track movement of people in the store.

The event featured two speaking panels. This is what we heard:

First panel
The first panel discussed ways to attract customers into NYC stores.
• Experiential retail is a great way to attract people to stores in NYC.
• Scott Galin (Handler RE) sees Hudson Yards & Downtown as the two new “hot areas”.
• Spiegelman (Cushman) sees West 57 as the most undervalued retail strip in Manhattan and is poised for dramatic change.
• Ecommerce represents 8% of all retail sales, brick and mortar is still most effective for selling.
• Alexander Hill (Eastern Consolidated) sees "spying" improving the customer experience.
• Edward Hogan (Brookfield) believes human experience is the key to success in retail.

Second Panel
The second panel discussed the state of the retail market and predictions for the near future.
• Kathryn Welch (Forest City Ratner) sees retail coming back across the country but notes it never left NYC.
• Christopher Curry (Howard Hughes) is excited about the transformation of South Street Seaport.
• Adam Ifshin (DLC Management) sees NYC playing “catch up” in order to have retail options comparable to other world class cities. Notes there's very little development in the US right now.
• Curry - it's hard to find retail with unique experiences in NYC. Tourists like to go where New Yorkers go.
• Welch has not seen foreign currency utilized in their deals.
• When Basel 3 is implemented there's no question the cost of capital will go up.
• Isaac Chera (Crown Acquisitions) has seen retail become “very mature” coming out of the recession. Prior to this there were players that didn't necessarily know what they were doing. Also sees retail growing in every sector in NYC -- luxury, specialty, dollar store, etc.
• Steven Copeland (AKF Group) notes that NYC has a competitive advantage when it comes to infrastructure, not always the case in other cities.
• Welch sees rents increasing in all the boroughs Forest City Ratner has properties, thinks there will be a correction possibly in 2014. Notes large vacancies in some key areas.
• Chera predicts rents hitting $4000 per SF on 5th Ave.
• Welch doesn’t see ecommerce ending any time soon. Believes retailers who embrace the internet will do much better. Sees event driven programs the future for success for brick and mortar.
• Based on recent survey data, Millennials still prefer to shop in brick and mortar.
• Hendrickson predicts 2015 will not be as strong as 2014.
• Welch also predicts retrenchment with sales and rent growth.

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RDM Introduces New Features to RealAccess Commercial

noreply@blogger.com (Unknown) — Wed, 30 Apr 2014 20:04:00 +0000

RealAccess Commercial, our cloud-based space management tool, has recently been updated with new features to give you an even better way to Market, Manage and Lease.

SEE ALSO: RDM Introduces New Rentable Area Calculator in RA

INTERACTIVE STACK

• Stack Archive gives you stacking diagrams from previous years. *based on lease history.

• New View: Now view stack diagrams by "Lease End Year"

• Enhanced Viewing of stacking diagrams on smartphone and tablet devices.

EXPANDED STACK

• Customize your stack to show the information you want to see with the Display Options panel.

• Printing is easy! Your customized stacks scale to fit on a single sheet of paper.

• You can also save your customized settings as your default view in RealAccess!

DASHBOARD

• New calculations: Now you can see the RSF and LSF calculations right from the dashboard.

• Vacant units are now displayed in their own column on the dashboard.

• See how much your building can grow with the Growth Potential column.

RealAccess Commercial places Your Building in the Cloud with a suite of tools designed to help owners, agents and management companies market, manage and lease their spaces. With time saving features such as our exclusive Interactive Stack which allows for viewing DXF files without AutoCad, stacking plans which can be exported into Excel and real-time updates from major accounting systems - RealAccessTM Commercial puts your entire portfolio at your fingertips.

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RDM Sponsors San Francisco CRE Tech Intersect Event

noreply@blogger.com (Unknown) — Tue, 29 Apr 2014 16:15:00 +0000

Real Data Management is happy to announce our sponsorship of the 2014 San Francisco CRE//Tech Intersect.

SEE ALSO: RDM Launches Video, Demos New Features to RA at CRE Tech Intersect

This annual event brings together commercial real estate professionals and the technology firms who are changing the way they do business. At the May 15th event, participants will discuss:

• What new technologies can provide a competitive edge
• How today's CRE technology firms are changing to meet the needs of owners, operators, and brokers
• What new technology firms are targeting the CRE space and why
• How the CRE industry is being impacted by new technologies

Peter Boritz, CEO of Real Data Management said “As an experienced real estate technology company, we are pleased and excited to support the growing enthusiasm for emerging technology in the commercial real estate space."

RDM participated in the first annual New York City CRE//Tech Intersect last October. The RDM team demoed our cloud-based space management solution RealAccessTM Commercial, and launched our "Your Building in the Cloud" video.

To register for the 2014 San Francisco CRE//Tech Intersect, visit www.cretechintersect.com.

ABOUT CRE // TECH INTERSECT
CRE // Tech Intersect is a conference consisting of professionals from the commercial real estate and technology worlds focused on the development, financing and use of forward-thinking technology specifically designed for the real estate market. For more information about CRE//Tech Intersect, please visit www.cretechintersect.com.

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The Empire State Building Tour You'll Never See

noreply@blogger.com (Unknown) — Thu, 24 Apr 2014 20:44:00 +0000

Millions of people from all over the world visit the Empire State Building each year. It's been a NYC staple since 1931 and in 2010 started undergoing a half a billion dollar makeover. Bloomberg gets a tour you can't buy tickets for, from the wind tunnel in the ancient bedrock of New York City to the exclusive 103rd floor bird's nest.

(Source: Bloomberg TV)

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Why D.C.'s Rosslyn is the Place to Be

noreply@blogger.com (Unknown) — Thu, 17 Apr 2014 15:29:00 +0000

The RDM Business Development team was in Washington D.C. last week for Bisnow’s Future of Rosslyn event. The uniquely-formatted event combined a series of 8-minute talks by area CRE pros with live music.

Leading professionals from Monday Properties, The JBG Companies, Brookfield Office Properties, Rosslyn BID, Cardinal Bank, ASB Real Estate Investments, EagleBank and Penzance presented their views on the vision and redevelopment of Rosslyn’s future.

Mary-Claire Burick, Rosslyn BID President

Presented the five reasons why D.C.’s Rosslyn neighborhood is the place to be
1. Access – The Rosslyn neighborhood has five major roadways and three Metros nearby, Reagan Airport is 10 minutes away, as well as the biggest Capital Bikeshare in Arlington.
2. Outdoor activities
3. Center for global business with both startups and Fortune 500s planting roots.
4. Lots of retail
5. Flourishing arts and culture scene as well as a growing sense of community with 11,000 residents and 30,000 workers.

Andrew VanHorn, Principal of The JBG Companies

• JBG’s projects are helping Rosslyn become a spot that people don't just inhabit from 9 to 5.
• Some of their buildings include
   - The State Dept. building
   - Waterview
   - Sedona Slate apartment building
   - Rosslyn Gateway - a combo hotel, condo and office space
• With the highest concentration of Millennials residing in the R-B Corridor, JBG’s Central Place's 377 residential units and 25k SF of retail (to deliver in 2017) are about to turn what used to be a pedestrian-hostile environment on its side.

Robert Bellinger, President & CEO of ASB Real Estate Investments

• Likes to invest in urban markets that are fun, young, and “unsavory".
• Household income, metro use, number of 4 and 5 star office are all up 30 -80% in recent years.
• Important companies want to be where their employees want to be
• Says investors will not put money into suburban sprawl if you have to drive to get a sandwich
• The lost time equates to $30 per sf.
• Going to the suburbs is not cheaper
• Rosslyn needs to step up with retail options. They’ve come a long way but have a ways to go.
• Rossyln has a lack of places to go for lunch and nightlife – need these to attract Millennials.
• Studies show a high level of educated people are in Rosslyn which has a higher rate of bachelor’s degrees than major cities.

Timothy Helmig, President & CEO of Monday Properties

• Said his father-in-law started building in the area in the 50s and was able to gentrify the region.
• Regarding 1812 N Moore
   - Zoning ordinance allowed them to build.
   - Very quality building and there's always a flight to quality.
   - In talks with tenants to add a “white cloth” restaurant space
• 1401 Wilson Blvd. and 1400 Key Blvd. hope to get approval and start construction in 2016 and finish in 2020.
• 1501 Wilson, which has packed young professionals into its large space since opening a couple months ago; will welcome two additional retail tenants soon.

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Brookfield's Mitchell Rudin on the Future of NYC

noreply@blogger.com (Unknown) — Fri, 04 Apr 2014 21:04:00 +0000

Earlier this week RDM’s Director of Sales, Joe Leach, attended the B’nai B’rith Real Estate Luncheon where real estate professionals discussed the topic of redefining Manhattan.

Featured speaker, Mitchell Rudin, President and CEO of Brookfield Office Properties spoke about the state of New York City and the current Brookfield projects which will further develop the city. Here’s some of what Mitchell said:

Trends
• We live in an "Era of cities."
• Thinks suburban companies located in Westchester and Long Island also want a presence in NYC.
• We’re in the number 1 country (USA) and number 2 city (NYC) for real estate globally.
• Nationally 55% of GDP is generated in just 22 cities.

BrookField Place
• Were asked to change the name of the World Financial Center because the tenants signing leases are not all in finance -- it was changed to Brookfield Place.
• Brookfield Place is an 8 million square foot complex with a dining terrace with seating for 1,000 as well as an Equinox and on-site child care.
• The dining complex will open in May with new restaurant, Hudson Eats.
• The complex is currently 60% complete.

One NY Plaza
• One New York plaza had many lease commitments a couple of years ago.
• After Hurricane Sandy, which dumped 23 million gallons of water into the building, all the tenants disappeared.
• Since then, they’ve made a number of long-term improvements and now have over 97% occupancy.

Manhattan West
• Will feature 3 office buildings, a hotel, and an apartment building.
• It will be roughly two contiguous blocks with outdoor space about the size of Bryant Park.
• Five Manhattan West has been getting a lot of interest from creative tenants.
• The entire project will be ready by 2019.

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Larry Silverstein Discusses CRE and the Future of NYC

noreply@blogger.com (Unknown) — Thu, 03 Apr 2014 20:15:00 +0000

RDM’s Blake Grosch and Joe Leach were in attendance at this year’s Massey Knakal Commercial Real Estate Summit. Now in its 4th year, the event brought over 500 commercial owners, investors, developers and other real estate professionals together for a full day event focused on New York’s office and retail markets.

This year’s keynote was delivered by Silverstein Properties’ Chairman, Larry Silverstein, who spoke about his early beginnings, today’s market trends, the future of New York City and the World Trade Center.

Starting out/ Fundamentals
• Started out with nothing and worked with his father to buy first building in NYC.
• After reaching out to a number of potential investors, they were able to convince enough people to give them money to do their first deal.
• A few deals later, the big banks who initially turned them down were interested in investing with them.
• Larry believes education is enormously beneficial.
• In his youth, he received his Juris Doctorate even though he knew he'd never be a lawyer.
• Recommends getting a law degree or business degree or both.
• Feels the reason Silverstein is voted one of the best places to work in NYC by Crains is due to its strong collegial feel.
• They have focused a great deal on internal growth and promoting from within.
• Silverstein makes sure employees have a good quality of life, which benefits both the individual and the company.

New York City
• Said New Yorkers have a high level of work ethic; believes we're blessed.
• The US is the most stable market in the world and New York City is its hottest market.
• This makes buying difficult because there’s a sea of investment capital looking for product.
• As a result returns have been driven down.
• Feels best opportunity today is to acquire land in NYC.
• Mentioned that over $300 per SF to develop office space downtown will be tough to generate a return.
• The new administration needs to work with developers to adjust the excessive real estate tax burden on office development.
• This is very important in order to keep business in the city and stimulate further development.
• Believes long term investment in NYC is hard to beat because the market is stable.
• It’s hard to retrofit old buildings to new technology standards.
• A popular trend is to convert old office stock to residential because residential doesn’t require the same technology standards as office buildings.

World Trade Center
• Larry said he thought development would have moved quicker.
• It was complicated because they had to deal with the administrations of both NY and NJ as well as the Port Authority.
• Said things will be done by 2018.

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All Square Feet Are Not Equal

noreply@blogger.com (Unknown) — Fri, 21 Mar 2014 19:30:00 +0000

When it comes to measuring office properties, there are a number of measurement methods which can be used to determine rentable square footage. Each method, if applied to the same office space, would provide a different calculation.

It is for this reason, owners and investors need to understand regional measurement standards in order to maximize their rentable square footage. Below, we provide a brief overview of these common methods of measurement.

BOMA Method

The most common method for measuring floor area in office buildings in the United States is the BOMA method. This method is published by BOMA and is approved by ANSI (American National Standards Institute). The BOMA standard defines useable footage as the space within the dominant surface of the inside face of the exterior wall, minus all common space and major vertical penetrations. The BOMA standard was implemented in 1915 and has since undergone a number of revisions.

REBNY Method

In New York City, the measurement standard is The Real Estate Board of New York (REBNY) method. The REBNY standard is far more aggressive than BOMA, as usable space is measured to the outer face of the building exterior wall and the thickness of corridor walls are included as useable footage. REBNY also allows a loss factor to be applied to usable areas. This number is market driven and varies on both a full floor and multi-tenant basis. Whereas with BOMA the gross building area (GBA) exceeds the rentable area, with REBNY it is the opposite and rentable area is almost always greater. GBA can be defined as the total floor area of the building measuring from the outer surface of exterior walls.

It is also important that investors and landlords are aware of the value of rentable square footage when selling or buying a property. Prior to a disposition, sellers should study existing rentable areas to see if they are able to increase the square footage to maximize the sale price. Likewise a potential buyer should validate the square footage the seller is representing.

About RDM
Real Data Management is a nationwide provider of services and software for the real estate industry. Our commitment to educating the industry on building measurement methods led to the publication of two industry White Papers on national building measurement methods. We also provide on-site training seminars to brokers and industry leaders on the topic. Learn more at www.rdm1.com.

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RDM's 2014 Loss Factor Index [Infographic]

noreply@blogger.com (Unknown) — Tue, 18 Mar 2014 14:15:00 +0000

Real Data Management is pleased to introduce our 2014 Loss Factor Index, following The Real Estate Board of New York (REBNY) measurement standards.

As a leading provider of building re-measurement services for commercial real estate, RDM has tracked loss factor trends since 2002. This index represents our extensive building database and commercial real estate building analytics from 2002 to the present day.The 2014 Loss Factor Index is the latest release as part of RDM's Real Estate Analytics publications. For the latest publications, follow us on LinkedIn.

About Real Data Management:
Real Data Management is a nationwide provider of software and services for commercial landlords, brokers and property managers. RDM is considered the preeminent building measurement provider. Our Platform has provided the commercial real estate industry with a broad scope of services and technology that enable clients to more effectively market, manage and lease their portfolios. RDM’s commitment to educating the industry on building measurement methods led to the publication of two industry White Papers on national building measurement methods. RDM also provides on-site training seminars to brokers and industry leaders on the topic. www.rdm1.com.

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Repositioning the D.C. Office Space

noreply@blogger.com (Unknown) — Thu, 13 Mar 2014 19:24:00 +0000

RDM's Director of Sales, Joe Leach, was in attendance at Bisnow's D.C. Reposition This! Conference. The event brought together D.C. real estate leaders to discuss the repositioning of outdated office buildings in order to attract young companies and retain competitiveness.

The event opened with a salute to Chip Akridge, Chairman of Akridge, who discussed the various assets he’s repositioned over the years. He began his company Akridge more than 40 years ago and they’ve developed 12M sf of space with 12M more in the pipeline. He and Teresa Durkin, Senior Director of Trust for the National Mall, talked about Chip’s involvement in repositioning / renovating the National Mall, which began in 2007. As chairman of the Trust, Chip took it upon himself to do something about the lowly state of the Mall.

Here’s some of what was heard during the panel discussion:

• Pete Prominski (Transwestern) says competition is the main driver for a decision to reposition…owners must proactively fix up their buildings or they’ll be left in the dust.

• Pete mentioned Tower Companies as doing a good job with repositioning spec suites.

• Randy Thompson (KTA Group) said on average, the cost of renovating the mechanical and electrical systems of a 200,000sf building ranges from $20 - $30 per sf.

• Randy spoke about the four types of (electrical) systems that are popular today. He pointed out that VAV systems are not irrelevant yet – 2 of the 4 major systems still use VAV – contrary to popular belief VAV can be made to be energy efficient.

• Ronald Paul of (EagleBank) said that while it’s important for buildings in urban areas to have good amenity packages, it’s doubly important in the suburbs.

• Bob Murphy (MRP Realty) mentioned that 20 years ago people didn’t bring their work home like they do now. There used to be a separation between work and home, but today the dividing line has become very blurry. He believes that the social interaction you get in an office environment is important.

• Bob also talked about the importance of clearly communicating to tenants and selling them on the benefits, when repositioning a property.

• Bob is of the opinion that it’s riskier to under-improve than to over-improve, because when you over-improve you have a bigger pool of buyers available to you.

• Tom Regnell of WRIT points out that it’s very important to think about how long you anticipate holding onto a property when trying to decide how much money to invest in repositioning it; if you expect to hold on to it for a long time then it makes more sense to spend on major upgrades.

• J.P. Spickler (Fox Architects) said it’s important to reposition the whole building rather than just a piece of it…the idea is to create the perception that it’s an entirely new building.

• JP also discussed the dual ceiling height scenarios in Washington DC – a building is either permitted to go from 90 feet to 130 feet, or from 90 feet to 110 feet. Of the two, 130 is better because it allows you to tack on 3 additional floors, each with 9 foot ceiling heights. On the other hand, 110 feet is tricky because you really can’t fit 2 floors into 20 feet.

• JP says the minimum ceiling height in DC is 8.4 feet. He also says the perception is changing that a Class A building must have 9 foot ceiling heights.

• JP pointed out that 46% of the office building inventory in the United States is over 30 years old leaving a lot of potential for repositioning.

• John Stewart (Minshall Stewart Properties) discussed the repositioning of 2175 K Street, which they worked on with Fox Architects. They added on 3 new stories to the top of the existing building and put in a new HVAC system.

• He said it would have been a mistake for him to try to charge the same rent for the top 3 levels as the rest of the building – he sees others make this mistake at times.

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Brooklyn's New Development

noreply@blogger.com (Unknown) — Thu, 06 Mar 2014 17:02:00 +0000

The RDM team was in attendance at Bisnow’s Brooklyn New Development Frontiers Event which brought together the most active, need-to-know real estate professionals in the hottest neighborhoods in Brooklyn.

The event featured the professionals responsible for developing the up-and-coming neighborhoods of Brooklyn including Jamestown Properties, The Hudson Companies, Hello Living, Cayuga Capital Management, The O’Connell Organization, MNS, TerraCRG, CPEX, AptsandLofts.com, and Brownstoner.com, with a keynote from the Brooklyn Chamber of Commerce.

In his keynote, Brooklyn Chamber of Commerce President & CEO, Carlo Scissura noted:
• Downtown Brooklyn will see the development of 29 new apartment buildings totaling over 5,000 units.
• Midwood, Ditmus Park, Sunset Park, & Borough Park are all emerging neighborhoods.
• Sheepshead Bay needs more development -- it's on the water and close to Manhattan.
• Brooklyn companies created half of NYC's jobs over the past couple years.
• More office space is needed in Brooklyn -- not much is being developed now.

The event was broken into two panel discussions. This is what we heard:

First Panel
• David Pfeffer (Tarter Krinsky & Drogin) is seeing a lot of large institutional money rolling into Brooklyn.
• Jamie Wiseman (Cayuga) still sees deal making in Brooklyn at the "college" level.
• David Kramer (Hudson Co.) sees institutional buyers only focused on limited parts of Brooklyn - Dumbo, Downtown, & Williamsburg.
• David Maundrell (AptsandLofts.com) has seen office space in Williamsburg get $50 per sqft.
• Ofer Cohen (TerraCRG) notes the ability to buy land in Brooklyn is very difficult because the price has skyrocketed.
• Most new development is for rental -- there's now a huge opportunity to develop condos.
• In new frontier neighborhoods there are hardly any comps for development purposes.
• Kramer says there's a give and take to get people to move to new developments in emerging neighborhoods.
• Wiseman notes that construction costs have gone up by 25% over the past couple years.

Second Panel
• Brian Leary (CPEX) sees huge potential for Red Hook.
• Jonathan Butler (Brownstoner.com) states bicycle connectivity is a big reason for the transformation of Brooklyn.
• Paul Proulx (Holland & Knight) sees the biggest difference between Red Hook and Dumbo/Brooklyn Navy Yard being basic infrastructure. Red Hook hasn't made a full investment yet.
• Butler bought 1000 Dean for $70 per sq ft a couple years back. A neighboring building was just bought for $150 a foot.
• Proulx notes there's a lot of city owned land in Sunset Park and sees an opportunity to take advantage.

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Save Time with Stack Generator™ in RealAccess™ Commercial

noreply@blogger.com (Unknown) — Thu, 27 Feb 2014 21:59:00 +0000

Real Data Management (RDM) announces the addition of the Stack Generator™ feature to their cloud-based portfolio management application, RealAccess™ Commercial.

This latest addition to RealAccess™ provides a representative stacking diagram for a commercial building with multiple viewing options: color-coded by lease expiration, lease end year or vacancy, or without color. Users also will have the capability to edit and modify information that appears on the stack, such as tenant names, lease expirations and lease options. In addition, the built-in calendar option allows users to view occupancy in a building on a certain future date. Stacks are then able to be saved in PDF format, printed directly from the application or exported to Microsoft Excel.

“The Stack Generator™ feature gives you the ability to customize building stacks based on your needs.” said RDM’s Software Director, Corey Carter. “The ability to export saves users countless hours of time by not having to enter the same information twice."

RealAccess™ Commercial places your building in the cloud with a suite of tools designed to help owners, agents and management companies market, manage and lease their spaces. With time saving features such as the exclusive Interactive Floor Plan which allows for viewing DXF files without AutoCad, stacking plans which can be exported into Excel and real-time updates from major accounting systems - RealAccess™ Commercial puts your entire portfolio at your fingertips.

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RDM Profiled by Investors Beat

noreply@blogger.com (Unknown) — Fri, 14 Feb 2014 21:10:00 +0000

The online news magazine for real estate investors, Investors Beat, recently profiled Real Data Management as part of their Real Tech spotlight; highlighting new technology for the real estate industry and the innovative companies who are making it possible.

The profile (below) discussed the features of our cloud-based space management application, RealAccess, and its features which help real estate owners, landlords and investors efficiently market, manage and lease spaces.

Data Management at your Fingertips with RDM

Becoming a successful real estate investor requires tracking and managing a lot of information and since the real estate industry has a history of “old school” operational methods, this is not always an easy task. A common challenge is waiting for information. In order to compete in today’s global 24/7 economy, you need to be able to access accurate information, fast.

Real Data Management (RDM) is a platform that provides investors, landlords, brokers and managers a variety of services and software including Real Access; a cloud-based management suite designed to help property owners market, manage and lease spaces across their portfolio.

Vice President of RDM, Blake Grosch says, “Working with some of the largest names in the real estate industry helped us understand the challenges real estate professionals were faced with in regards to managing and tracking information.”

Former real estate broker and RDM’s CEO, Peter Boritz, came up with the idea for creating a “centralized hub” where property owners could see all of their portfolio’s information in an easy to use, always-available dashboard.

Available for both commercial and residential buildings, Blake says, “This platform is unique in that it places everything a property owner needs to be more efficient, alleviate emergencies and manage real-time data in a single location.” Some of the features include:

• Interactive floor plan.
• Stack Generator which exports stacking plans into Excel and real-time updates from major accounting systems.
• Property Plan Book with area calculations, leasing reports, color-coded stacking diagrams and floor plans.
• Marketing services that create Marketing Rental Plans or customized campaigns to draw attention to your property.

These features allow investors to view their entire portfolio at their fingertips and can also help to manage, market and lease a property while saving time and increasing their ROI.
Launched in 2008, the platform currently covers 3,000 buildings and 1 billion square feet of real estate. Blake says, “The US market has 800,000 buildings and 12 billion square feet – it’s a big market and we plan to expand the use of this product on the service side of our business.”

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Use the Correct Method of Measurement to Maximize RSF

noreply@blogger.com (Unknown) — Fri, 14 Feb 2014 18:43:00 +0000

In today’s economy, it is important for commercial real estate professionals and owners to be sure their properties are properly measured in order to maximize the potential rentable footages across their portfolios. Calculating the rentable number is often a topic of debate as individual markets take different approaches on the correct method of measurement. This poses a problem for large real estate organizations with portfolios that span several geographic locations.

See Also: RDM's Free White Paper - Methods of Building Measurement

The list below provides a brief synopsis of the different methods of measurement used to calculate commercial properties:

Building Owners and Managers Association (BOMA) is the most commonly used standard throughout major markets. This method defines usable footage as the space within the dominant surface of the inside face of the exterior wall minus all common space and major vertical penetrations.

Modified BOMA is used by landlords to either increase rentable footages or simplify/standardize a common loss/core factor throughout the property.

Real Estate Board of New York (REBNY) is the standard in New York City, which is the only major market that does not use a BOMA or Modified BOMA method of measurement. REBNY is a more aggressive method as usable space is measured to the outer face of the building exterior wall.

Inaccurate measurements are very common within commercial real estate and can lead to reduced revenues. All landlords, brokers and property managers should be aware of the current footage conditions within their properties as well as the potential to grow and fulfill the properties maximum value.

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What We Heard: NYC Healthcare Real Estate Summit

noreply@blogger.com (Unknown) — Wed, 05 Feb 2014 16:37:00 +0000

The RDM team was in attendance at Bisnow's 3rd Annual Healthcare Real Estate Summit, where industry leaders discussed the impact of the medical field in the greater New York City area.

The panel featured executives from New York Presbyterian, Mt. Sinai, North Shore LIJ Heath System, Array Architects, Simone Healthcare Development, William Macklowe Company, Cauldwell Wingate, Health Care REIT and Cushman & Wakefield.

The first panel group discussed the Development & Design of medical space and its effect on real estate:
• The Affordable Care Act (ACA) has set in place cost restrictions for healthcare development.
• The hospital sector is stronger and more competitive than ever before in NYC.
• Healthcare has become more "retail focused".
• Kent Doss (Array Architects) says his firm puts significant amount of due diligence into understanding a community before implementing design
• William Macklowe (William Macklow Company) spent past year looking to buy downtown; he sees Class B office market as a commodity in the downtown area.
• Macklowe says he saw 156 William as an opportunity to differentiate as healthcare play.
• Mike Noto (Health Care REIT) sees healthcare design as more patient-centric today.
• Re-purposing to become a specialty hospital is more profitable- surgery makes money, medicine doesn’t.
• The "Baby boomer" generation will have higher expectations for healthcare
• Macklowe has seen a huge dynamic shift in Manhattan from healthcare to office space to neighborhoods.

The second panel discussed the Hospital Systems:
• Scott Mason (Cushman & Wakefield) believes the regulatory environment in NYC is more challenging compared to the rest of the country. The inventory of medical assets will see dramatic change.
• Sharon Greenberger (NY Presbyterian) focuses on patient thru-put. This is a challenge with older facilities.
• Thomas Ahn (Mt. Sinai) is looking to expand patient facilities that will better follow people’s health needs through their lifetime.
• Greenberger says infrastructure costs end up consuming most of the available funds. Questions how to find different ways to find infrastructure.
• Mason believes real estate is a huge component of healthcare’s balance sheet.
• Greenberger said NY Presbyterian is building new ambulatory care centers to incorporate new technology demands.

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Real Data Management to Provide Emergency Action Plan Services for 9/11 Memorial Museum

noreply@blogger.com (Unknown) — Fri, 31 Jan 2014 17:10:00 +0000

New York, New York - Real Data Management (RDM) has been selected by The National September 11 Memorial & Museum at the World Trade Center Foundation, Inc. to provide emergency action plan services for the National September 11 Memorial Museum.

“This is a big opportunity for RDM and we are proud and honored to provide these services to the 9/11 Memorial Museum,” said Peter Boritz, CEO of Real Data Management. “The foundation’s selection [of RDM] validates our standing as a leading provider of Emergency Action Plan services.”

RDM has partnered with Quality Fire-Protection Consultants, Inc. for the project and will field survey the Memorial Museum to identify evacuation routes and procedures in the event of an emergency. The completed emergency action plans will reside on site and within RDM’s hosted cloud solution, RDMdocs, which will provide secure, 24/7 access for owners, staff and the FDNY via connected devices.

The 9/11 Memorial Museum is scheduled to open to the public in mid-May 2014.

About the National September 11 Memorial & Museum
The National September 11 Memorial & Museum, located at the World Trade Center site, will serve as the country’s principal institution for examining the implications of the events of 9/11, documenting the impact of those events and exploring the continuing significance of September 11, 2001. www.911memorial.org.

About Quality Fire-Protection Consultants, Inc.
Quality Fire-Protection Consultants is one of the nation’s largest and most respected providers of independent fire safety and emergency preparedness consulting services. They serve 500+ of New York and Chicago’s biggest buildings and most reputable property management companies. www.qfpcinc.com.

About Real Data Management
Real Data Management is a nationwide provider of services and software for commercial and residential real estate. Their focus on bringing Cloud Computing to the commercial real estate industry led to the development of Real Access; a cloud-based space management solution designed to help property owners market, manage and lease spaces across their portfolio. www.rdm1.com.

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Future of the Manhattan Skyline Recap

noreply@blogger.com (Unknown) — Fri, 17 Jan 2014 22:54:00 +0000

The Manhattan skyline will look dramatically different in 2020, as new skyscrapers are being built bigger and taller than ever before. At Urban Land Institute’s New York 2020 event, a panel of developers, architects, and urbanists explored the planning and constructing of the buildings of NYC’s future.

The panel was moderated by Lynne B. Sagalyn and featured:
• Jeff Dvorett - Vice President for Development, Extell Development Company
• Alexander Garvin - President and CEO, AGA Public Realm Strategists
• Erik Horvat - Acting Director, World Trade Center Redevelopment, Port Authority of New York and New Jersey
• Marianne Kwok - Director, Kohn Pedersen Fox
• Michael M. Samuelian - Vice President, Related Companies

Here are some of their thoughts:

• The panel speakers felt that NYC is not investing enough in infrastructure to maintain its status as a global city.
• It doesn't matter how much we build in NYC -- without reliable transportation, it won't matter.
• Hudson Yards will work best with the extension of the 7 subway line
• The skyline is being defined by residential towers because it is what makes money these days.
• What defines a super tall skyscraper in NYC? 900ft or taller.
• Mixed use development is very complicated, need to understand the correct balance.
• Hudson Yards arguably wasn't set up with the correct zoning which may be limiting.
• The World Trade Center was designed to create a street scape that is mindful of the memorial.
• Landscape design has evolved in New York City with initiatives such as the Highline.
• The biggest challenge for new development is getting tenants -- not financing, zoning, design, etc.

About ULI – New York
The Urban Land Institute provides leadership in the responsible use of land and in creating and sustaining thriving communities worldwide. ULI New York’s mission is to serve as the principal forum for real estate professionals in our area, reflecting the Urban Land Institute’s best practices in leadership development, community service and enhancement of land use policy and practice. www.newyork.uli.org

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Connecting the Dots on Technology in CRE

noreply@blogger.com (Unknown) — Thu, 16 Jan 2014 19:51:00 +0000

Real Data Management’s Blake Grosch and Joe Leach were in attendance for BOMA New York’s Connecting the Dots Seminar.

The event featured speakers from The Berman Group, Silverstein Properties, and MRI Software to discuss the ways technology is helping building staff and tenants. The discussion was broken into three sections: Real Estate Apps and the Use of Social Media, Mobility, and Tools to Enable Collaboration.

This is some of what we heard:

• New York City launched several tech-based initiatives under (former) Mayor Bloomberg -- WiredNYC, ConnectNYC, Broadband Map, & Made in NYC. His initiatives helped expand the availability of high-speed broadband for business owners.

• Profile of the "new" tenant: understands technology, expects accessibility, and won't compromise.

• Property management and landlords should not be behind with the integration of new technology.

• The Empire State Building is a good example of a property which retrofitted its tech infrastructure. The professional networking site LinkedIn is now ESB’s anchor tenant.

• Smartphone and tablet apps are a good way to distribute building information to tenants.
• Building management apps increase building efficiency and responsiveness.

• Buildings should consider having a social media presence, which can help create an identity for a property.

• If a building engages in social media, they should establish a communication schedule in order to promote a desired identity.

• Silverstein’s Sandy Jacolow noted that (hurricane) Sandy changed the way we think about emergency notifications.

• Jacolow mentioned there are mobile solutions for getting information out quickly via text, email, or voice. He also is a proponent of rent payment mobile solutions -- quicker and easier.

• According to Jacolow, mobility options helped change the way Silverstein thinks about Wi-Fi options in its buildings – he feels it’s critical to be connected at all times.

• Zac Wolf (MRI Software) sees digital convergence eroding boundaries & digital experience making or breaking a firm as trends in 2014.

• Customer service is a critical factor for property management -- having online tools set in place is important to achieve tenant satisfaction and retention.

• Wolf noted mobilizing tenants is as important as mobilizing your staff -- which will undoubtedly improve efficiency. He insists mobile solutions will make money for owners.

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A Look Back at the CRE Events from 2013

noreply@blogger.com (Unknown) — Fri, 03 Jan 2014 21:11:00 +0000

The Real Data Management team attended several industry events in 2013. Whether it involved technology in real estate, the future of a notable location or the state of an area market, you could count on the RDM blog to get a detailed recap from any industry event.

While we gear up for the upcoming events in 2014, why not take a moment to look back at the events the RDM team attended in 2013.

Highlights from Bisnow’s Future of Downtown Event

More than 300 real estate professionals were present to hear what has changed in the downtown area of NYC in the past few years and what they can expect to see as the area continues to evolve...Read More

What We Heard at WX's Reshaping Manhattan's West Side

The panel discussion focused on how Hudson Yards Redevelopment will reshape the New York's skyline and impact market structure and business growth throughout the West Side...Read More

The 2013 CRE Investment Summit Recap

The annual event provides workshops and panels on the acquisition, disposition, financing and development of Commercial Real Estate properties in the NY Tri-State area...Read More

RDM Goes to D.C. for Bisnow's State of the Market Event

Leaders in commercial real estate gathered to assess the overall state of the market, as well as key trends and issues which lie ahead in the coming year...Read More

What Makes the "Office of the Future"?

At Bisnow’s NY Office of the Future Event, panel speakers shed light on the driving factors luring major tech/creative companies into NYC, and the steps CRE developers and owners are taking to ensure these companies stay long-term...Read More

The West Side Has Arrived

Panelists came together to discuss the current projects which will transform the area from a collection of warehouses to a thriving neighborhood of offices, residential buildings and hotels...Read More

What We Heard: The NY Investment Summit

Some of the leading national and local figures in real estate take a look at the equity and debt markets...Read More

What We Heard: NYC Sustainability Summit

The event brought together leading real estate and environmental experts who analyzed the challenges and opportunities for firms looking to enhance their environmental policies...Read More

What We Heard at DC's State of the Office

RDM proudly sponsored, the 2nd Annual DC State of the Office event which brought together an all-star panel of real estate professionals who are dictating the state of the DC office market and reshaping the future of office development...Read More

What We Heard: NY State of the Market

RDM sponsored the 5th Annual NY State of the Market event which brought together the top real estate figures of New York, as well as top national figures, who spoke about the current state of the market and key trends...Read More

What We Heard: NYC Tech Revolution

The event examined the impact of technology innovations in the commercial real estate industry within New York City...Read More

What We Heard: Future of Brooklyn

The event brought together the top real estate figures of who spoke about one of the hottest and fastest growing markets...Read More

What We Heard: The Future of Downtown Manhattan

Bisnow’s 3rd Annual Future of Downtown Manhattan event brought together the professionals working behind the scenes to reshape the landscape of downtown Manhattan...Read More

What We Heard: NYC Property Management Summit

Bisnow’s NYC Property Management Summit brought together an all-star panel of owners and property managers to discuss the challenges, opportunities, efficiencies and sustainability efforts within the property management industry...Read More

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