The 7 Key Reports a Good Project Manager Keeps in Their Back Pocket

Important Real Estate Project Management Reports

All good real estate project managers think ahead. Whether that’s 30 days, six months or even one year, the most successful project teams understand the importance of having a well-informed roadmap. It is equally as important to complement that long-term view with a comprehensive group of reports to track all aspects of a project... Sign…

3 Ways to Keep Your Vendors on Schedule

Keep Vendors on Schedule

A complex real estate project can have upwards of 200 vendors – everything from your site surveyor to your lighting designer. With so many moving parts, it’s no surprise that the overall success of a project relies greatly on every vendor completing their respective job on time and within their allotted budget. That may sound…

Prepare Your Real Estate Operation for a Potential Economic Downturn

Prepare for Economic Downturn

Increased chatter about a forthcoming economic downturn has leaders in many sectors planning for the worst. Who can blame them? With increased trade war tensions, volatile pricing in global gateway markets like NYC, San Francisco and London, the removal of SALT deductions, uncertainty surrounding the coworking business model and global economists calling for a recession…

The 10 Major Blind Spots of Current Real Estate Project Management

Real Estate Project Management Software

Many real estate professionals continue to rely on traditional cost tracking and project reporting methods - like complex spreadsheets and legacy desktop applications - without realizing how they detract from the success of a project or portfolio. Think: your project teams are highly skilled, highly capable and give 150% to their work - shouldn't their…

Your Monthly Cost Report is Not a Replacement for a Forward-Looking Anticipated Cost Report

Monthly Cost Report

The monthly cost report is one of the most important documents for a real estate project team. It is the trusty report that documents all project activity from the past 30 days, securing necessary financing (the “draw request”) and ensuring that all key stakeholders are kept in the loop regarding project status. It is not,…

Northspyre Surpasses $4 Billion in Projects Under Management with Less than $2 Million in Venture Backing

Real Estate Project Management Software

We announced some exciting news today! We officially surpassed $4 billion worth of capital projects facilitated on the Northspyre platform - and accomplished this with less than $2 million in venture backing. We are so humbled and motivated by this milestone, and look forward to helping even more real estate professionals deliver their projects on-time…

5 Ways to Start your Real Estate Project on the Right Foot

Start your real estate project

A thoughtful, structured start can make all the difference on a multi-year real estate project. Instead of course-correcting throughout the lifetime of the project - which will slow you down and cost you money - feel prepared and ready to handle any challenges or opportunities you may face. Follow these five suggestions to make sure…

How Real Estate Project Teams Can Increase Productivity

Increase Productivity

Productivity for real estate professionals has remained stagnant since 1945 - it’s time for a change. Upgrade with Northspyre.  The Status QuoNorthspyre[X] Tedious, labor-intensive administrative work slowing down your projects, derailing your timeline and inflating your budget [X] Highly-paid, highly-skilled talent spending 30% of their work hours on low-value tasks like data entry[+] Up to…

The Domino Effect: Why 70% of Real Estate Project Delays Happen Before Construction Begins

Real Estate Project Delays

Real estate project delays are a hard reality of commercial and residential development. Whether it’s a ground-up construction, a major renovation, an interior fit-out or something in between, most projects end up surpassing their expected completion date. But oftentimes the “why” of the delay is misunderstood. Yes, weather can impact the timing of ground break…

5 Ways Accounting Software Limits Successful Real Estate Project Teams

Accounting software limits project teams

A majority of real estate project teams rely heavily on their accounting department’s software to manage project finances. While that practice may have seemed fine in the past when there were no alternatives, there are many reasons why this method is inefficient and causes needless headaches for both accounting and project management teams. Read on…