Real estate software producer Honest Buildings has a new platform to make managing construction costs and data on a particular project a whole lot easier for owners and project managers, the company announced today.
Honest Buildings for Owners, a subscription-based service that costs $200 to $600 per building per month depending on a building’s size, helps owners track the progress of a project including important dates, vendor information, received bids, costs and construction data, according to the real estate tech company. By doing all this, it said in a news release, it would help identify problems not just on a project but an entire portfolio.
Traditionally, larger companies have held a competitive advantage over smaller ones. Makes sense. They have more resources, which allows them to stake their claim as the top contender in their respective spaces. But more recently, several key factors are leveling the playing field, enabling smaller companies to reach a wider audience in a way that Read More
Mobile usage is exploding. Last year’s mobile data traffic was nearly 18 times the size of the entire global Internet in 2000 and by 2015, the mobile web is expected to eclipse the desktop Internet on a global scale.
Given this data, it’s no surprise that so many are latching on to mobile. What is Read More
Connection engine Honest Buildings has launched a free iPad app for real estate service pros who have submitted projects on the website so they can share their work in real-time on-the-go to prospective clients, Commercial Observer has learned.
“We kept getting examples of people’s work in the PDF two-page document that every vendor in the real estate industry has to showcase what they have,” said Riggs Kubiak, the company’s CEO. “We thought we could drastically improve that experience.”
It’s no secret that the real estate industry is relatively averse to new technologies. It’s understandable, of course, given the tried and true methods of paper RFP’s, building interpersonal relationships, steak dinners and offline transactions.
Many remain hesitant to fully adopt solutions that are available today for a couple of main reasons. First, they’re just not familiar with the direct value to their bottom line, and second, they’re simply comfortable with the traditional way of doing business. Read More
Bricks and Megabytes
For Riggs Kubiak, the appeal of real estate lay in its tangibility.
“Working with things that you can touch, feel, walk into and experience,” he said, “was more exciting to me than dealing with synthetic collateralized debt obligations.”
Mr. Kubiak, 32, got his start in the industry renting apartments while he was an undergraduate at Boston College. And, following stints at Ernst & Young and Granite Partners, he rose to become the global head of sustainability at Tishman Speyer, where he worked for five years.
Now he’s the chief executive officer of Honest Buildings, a website he co-founded with his sister, Garrett Kubiak, and Cody Roberts that connects building owners and tenants with brokers, contractors and other real estate professionals in a bid to bolster transparency and hasten innovation in construction, design and other fields.
HonestBuildings, a new tech start-up co-founded by a former Tishman Speyer executive, has secured its first round of financing from a group of venture capital firms that include RockPort Capital and Mohr Davidow Ventures, the company is expected to announce later today.
Since launching in March, the website has expanded its roster of buildings listed on its site from 30,000 to 600,000, and now operates in markets that include New York City, Washington D.C., San Francisco, Seattle, Austin, Dallas and Houston.