Rethinking commercial real estate lease drafting and revision.
Hurry Up and Wait: The Cost of Time in CRE and What You Can Do About it
In a competitive business landscape, efficiency is everything. Long-term, sustainable growth is often best achieved by refining existing processes and identifying opportunities for improvement. In commercial real estate, lease drafting and negotiation is one process that is ripe for improvement. The challenge is, everything we know about the leasing process is so entrenched, it’s tough to […]Read More »
Space & Place Pt. 1: Boston Properties’ EVP Bryan Koop on A Bold New Approach to Office Leasing: FLEX by BXP
A few weeks ago, the LeasePilot team moved our operations to Boston Properties’ FLEX space on the 29th floor of the Prudential Tower in Boston. As real estate people, we’re thrilled with the Flex concept and see it as an important new direction for the future of office leasing. In short, FLEX strikes a balance […]Read More »
Automate Lease Abstracts with LeasePilot and MRI Software
To Err is Human During a relatively routine test of the state’s emergency missile warning system, a technician at the Hawaii Emergency Management Agency opened a drop-down menu and was presented with two choices: “Test missile alert” and “Missile alert.” On January 13th, 2018 at 8:07 AM, he accidentally selected the wrong option, initiating a […]Read More »
Movin’ on Up!
July 1st marked a major milestone for the LeasePilot crew: after 14 months based in WeWork @ St. James, we’ve got new digs! Our new home is on the 29th floor of the Prudential Tower, one of the most iconic buildings in Boston. We’re still settling in and setting up, but we’ve finally got some […]Read More »
The Call Center Model: How to Minimize Change Requests, Keep Tenants Happy, and Protect Your Bottom Line
The call center model has a singular purpose: to incentivize customers to stick to a set of standardized options. By framing a change request in this way, the tenant takes ownership of the delays rather than the landlord. The relationship between tenant and landlord is a tenuous one. Both parties seek to minimize liability, which […]Read More »
6 Productivity Apps that Every CRE Professional Needs to Know About
Every day it seems there’s a new app on the market that promises to boost work and/or life productivity. While having so many options at your fingertips might initially seem like a good thing, the irony is that the process of vetting all these productivity apps can cause your own productivity to take a nosedive. […]Read More »
“Open” vs. “Closed” Software Ecosystems: A Primer
With the relatively recent explosion of industry-specific software solutions for commercial real estate companies, the task of comparing and evaluating various software platforms is becoming increasingly difficult. If you’ve spent any time researching CRE software, you’ve no-doubt come across the “open ecosystem” buzzword. But what does “open ecosystem” mean, exactly? And why should you care? […]Read More »
How to get your outside counsel on flat fees (and have them love it).
Most CRE companies using outside counsel would jump at the chance to pay their lawyers a flat fee for every deal. Law firms, however, aren’t typically so enthusiastic about the idea. So how can you get your outside counsel on board with flat fees? One of our customers came up with a pretty clever solution: […]Read More »
Smart Contracts vs. Traditional Contracts: Can We Bridge the Gap?
By now, you’ve no doubt heard about the meteoritic rise (and fall) of cryptocurrencies like Bitcoin. If you’re following the crypto market closely, you’ve probably also heard about blockchain, the underlying tech behind cryptocurrencies. But cryptocurrencies are just one application of blockchain technologies, and we’re just now beginning to think about the myriad applications blockchain […]Read More »
3 Things that Need to Change in Commercial Real Estate
Recently, we published a brief QA with our Director of Customer Success, Nadine Ezzie. Having spent several years as the GC of a commercial real estate company she’s seen the best and worst the industry has to offer, so we asked her to identify three things she’d like to see changed. Her answers deserve some […]Read More »