William Sankey
CEO, co-founder and head of product at Northspyre
“A lot of real estate developers who are customers are grappling with a couple of things at once,” said William Sankey, co-founder of Brooklyn-based Northspyre, an end-to-end real estate development platform. “High interest rate carryover; a changing trade landscape — construction has been highly impacted by the cost of materials. The calculus of how deals put together has been evolving. We’ve been helping customers navigate that.”
A worthy — and highly in-demand — goal.
A lot of Northspyre’s platform focuses on not only the bread-and-butter issues for developers such as budgeting or managing ground-up developments, but also some of the more specialized areas like managing low-income tax credits for affordable housing developers.
Earlier this month, Northspyre announced enhancements to its Portfolio Analytics Plus and Complex Capital Management platforms. Both launched in 2024, and aim at developers with a more complex capital stack. The upgrades help users in wading through inflation data (comparing current numbers to historic ones for benchmarking and planning), analyzing vendors (identifying actors that overrun on time or costs), and identifying budget gaps in a customer’s portfolio. The rollout also included practical tools for such tasks as automating invoice splitting, and assigning multiple sources of funding for line items in a budget.
“A lot of exciting things have happened this year,” said Sankey. “We started the year launching an enterprise addition, broadening our audience. We’ve been working with much larger owners and developers. That’s gone really well.”
How well? When Commercial Observer included Northspyre on last year’s Power Proptech, we reported that the company supported some $200 billion worth of real estate in North America. That number has since been revised to $600 billion. Among the names of Northspyre’s clients are the likes of Core Spaces, Bridge Housing and Vornado Realty Trust.
Like many of its peers, Northspyre has been focusing a lot of effort this year on agentic AI development. (Oh, and they hired Raja Selvaraj from Equifax as new CTO.)
“You’ll hear more from us in 2026,” Sankey said. “We have a major product release expected in January, which we think will be the most substantial product release since our launch.”
While Sankey wouldn’t say what, we did pry out two words about the future product that definitely tantalize: “Game changer.”
