Building Engines Blog | Operational Risk | Incident Tracking
A while back we wrote a post covering ‘7 Reasons Why I Need Property Management Software,’ covering the emerging acceptance of technology in the commercial real estate (CRE) industry. Since then, the CRE Tech space has continued to grow. In 2015 alone, CRE Tech startups raised over $1.7 billion, according to venture capital researcher CB […]
How confident are you that you would be able to quickly react to an incident in your building the moment it occurs? A whopping 49% of property management organizations surveyed just last year on their risk management practices revealed that they don’t conduct Emergency Scenario Training sessions, which are geared towards improving emergency response times […]
As a member of the commercial real estate market you are no doubt familiar with the concept of “risk management.” But what does it really mean? In short: protection. Think about that for a moment. You would do anything to protect your loved ones and household assets from disaster, be it natural, accidental, or otherwise. […]
Just as the siren on a Fire Engine fades as it drives away (the Doppler Effect), September/National Preparedness Month is also disappearing into the horizon. It’s a good time to reflect on how you spent your summer, how shocked you are that September is almost over, how cool the Super Blood Moon Lunar Eclipse was, and how […]
A recent survey of CRE professionals revealed that 96% of respondents plan to implement new processes to manage operational risk in the coming year. Not surprisingly, the #1 area they plan to apply new tools and technology to is Building Incidents. No matter what size or type of property you own or manage, you will, […]
The operational risks to a commercial property are many – at every turn is an opportunity for a slip-and-fall, a hazardous material leak, an uninsured vendor, or… worse. To compound that, the expectations and legal requirements that property teams are not only required to do, but also need to do, to prepare for emergencies and protect themselves from liability are high.
Retail property management teams have to be master jugglers – working fast and on-the-go to respond to many tenants, properties and vendors. Fortunately, web and mobile tools make it easy.
We are concluding our celebration of National Preparedness Month this September by offering an Emergency Preparedness Kit to our network of friends and colleagues. The Kit enables CRE owners and operators to assess their level of readiness and take action to prepare for the unexpected.
Space management? Isn’t that a just leasing “thing”? Not anymore! Property management software and space management have been courting each other for a while now and have officially decided to tie the knot. Sorry, leasing.
There is a scene in the movie Field of Dreams when the voice that originally convinces Ray Kinsella (Kevin Costner) to turn his cornfield into a baseball field now instructs him to “Go the Distance.” Ray was feeling somewhat pleased with himself at this point in the movie having built the field and locating […]
The U.S Commercial Office market is suffering unprecedented vacancy rates which are expected to hit 18.6% in 2010 – close to the historic high of 19.3% set in 1990. We are facing a “jobless recovery” as employers focus on workforce efficiencies and try to do more with less…or fewer. Arthur Jones, Senior Economist, CBRE Econometric Advisors […]