October 23, 2015 | Bisnow | Scott Klocksin
This year’s on track to smash commercial real estate records in NYC. Panelists at Bisnow’s NY State of the Market event Thursday at 4 Times Square broke down where things are, how we got here and what to expect. Hightower CEO Brandon Weber says what’s unique about the current wave of commercial real estate tech is a lot of it’s being developed by practitioners who know where the pain points are in curating and using mountains of data. Before doing tenant and landlord rep at CBRE, Brandon helped build Excel for Microsoft. But he says it’s ridiculous that so much of the industry still relies on non-collaborative platforms like Excel, which aren’t designed for crunching commercial real estate numbers or allowing for collaboration. With $1.4B projected investment this year (up from about $1B last year), Reonomy CEO Richard Sarkis says tech’s having its moment but that a wave of consolidation and companies that don’t work dropping off the scene is likely in store. Snapped: Onyx Equities managing principal Jonathan Schultz, CompStak CEO Michael Mandel, Brandon, Rich, and Honest Buildings Geoffrey Lewis...
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This year’s on track to
smash commercial real estate records in NYC. Panelists at Bisnow’s NY
State of the Market event Thursday at 4 Times Square broke down where
things are, how we got here and what to expect. Hightower CEO Brandon
Weber says what’s unique about the current wave of commercial real
estate tech is a lot of it’s being developed by practitioners who know
where the pain points are in curating and using mountains of data.
Before doing tenant and landlord rep at CBRE, Brandon helped build Excel
for Microsoft. But he says it’s ridiculous that so much of the industry
still relies on non-collaborative platforms like Excel, which aren’t
designed for crunching commercial real estate numbers or allowing for
collaboration. With $1.4B projected investment this year (up from about
$1B last year), Reonomy CEO Richard Sarkis says tech’s having its moment
but that a wave of consolidation and companies that don’t work dropping
off the scene is likely in store. Snapped: Onyx Equities managing
principal Jonathan Schultz, CompStak CEO Michael Mandel, Brandon, Rich,
and Honest Buildings Geoffrey Lewis.
Read more at:
https://www.bisnow.com/new-york/news/state-of-market/why-2015s-been-no-ordinary-year-for-cre-in-nyc-51479?utm_source=CopyShare&utm_medium=Browser
This year’s on track to
smash commercial real estate records in NYC. Panelists at Bisnow’s NY
State of the Market event Thursday at 4 Times Square broke down where
things are, how we got here and what to expect. Hightower CEO Brandon
Weber says what’s unique about the current wave of commercial real
estate tech is a lot of it’s being developed by practitioners who know
where the pain points are in curating and using mountains of data.
Before doing tenant and landlord rep at CBRE, Brandon helped build Excel
for Microsoft. But he says it’s ridiculous that so much of the industry
still relies on non-collaborative platforms like Excel, which aren’t
designed for crunching commercial real estate numbers or allowing for
collaboration. With $1.4B projected investment this year (up from about
$1B last year), Reonomy CEO Richard Sarkis says tech’s having its moment
but that a wave of consolidation and companies that don’t work dropping
off the scene is likely in store. Snapped: Onyx Equities managing
principal Jonathan Schultz, CompStak CEO Michael Mandel, Brandon, Rich,
and Honest Buildings Geoffrey Lewis.
Read more at:
https://www.bisnow.com/new-york/news/state-of-market/why-2015s-been-no-ordinary-year-for-cre-in-nyc-51479?utm_source=CopyShare&utm_medium=Browser