Company Milestones Indicate Growing Priority Among CRE Owners to Drive Property Performance in the Cloud to Meet Changing Tenant Expectations, Reduce Risk, and Prove Operating Performance with Analytics
Building Engines, the Commercial Real Estate industry’s innovation leader for building operations software, today announced a relocation to downtown Boston at 33 Arch St to continue to support their growing team and customer base.
To date, over 560 commercial real estate organizations representing 1.6 billion square feet across the country have evolved their property operations to Building Engines’ cloud-based operating platform. This announcement indicates increasing momentum within the CRE technology industry, as well as within the company’s home city of Boston. Across Greater Boston, Building Engines’ technology manages over 1,600 properties representing more than 300M square feet of commercial space.
Existing local clients include Synergy, Taurus Investment Holdings, John Hancock Real Estate, RMR Group, Beacon Capital Partners, Harvard University Real Estate and others, who rely on Building Engines to take a data-driven approach to tenant service and property operations.
“We’re seeing a massive shift in the commercial property operations market,” said Building Engines CEO, Tim Curran. “Owners and operators of the country’s most successful commercial properties are realizing the benefits of data-driven decision-making as they seek to provide a best-in-class tenant experience and increase asset value. Many buildings are now competing on customer experience and strict management of operating expenses, and those properties who can optimize every facet of their operations are winning more business, and improving their valuation.”
Building Engines property management platform uses an integrated suite of proprietary mobile and cloud technology to help building teams access the data and insights they need to improve operational efficiency, mitigate operational risk, measure and improve tenant sentiment, and to make better-informed decisions.
Building Engines’ Continues CRE Technology Innovation
Since a fresh round of investment in October of 2016, the company has introduced a number of innovative product and industry developments, including:
- Enhanced tenant services mobile app, The Hive
- Mobile geolocation stamping for retail and industrial service issues
- Unobtrusive, real-time sentiment data collection with Tenant Pulse™
- Operations Benchmarking (coming soon)
Future capabilities in data-driven property operations, tenant engagement, and performance analytics are forthcoming.
Key Executive Hires and Move to Boston
The company is moving 80 full time employees to its new location at 33 Arch Street in Boston, with plans to hire more in 2018 to keep up with the growing demands of its software and services.
“Building Engines powers the commercial property operations of major metro downtown offices and it’s important that we’re where our local market is concentrated,” said Scott Sidman, Chief Marketing and Strategy Officer of Building Engines. “We also plan to become a centralized resource for the regional CRE industry to come together through events and community resources in our new, convenient location.”
Building Engines also recently announced the addition of Daniel Cozza to Chief Product Officer and Tim Curran as Chief Executive Officer following a round of growth capital investment in October 2016 led by Wavecrest Growth Partners. Members of the Commercial Real Estate industry are invited to a grand opening launch event titled “Making a Move to the City: Expectations of the Modern Tenant” on May 24th from 6:00 – 9:00 pm at 33 Arch St. A panel of experts will discuss key trends in property management, lessons learned of expanding to downtown major metro areas, and the changing expectations of modern tenants. To RSVP for the event, click this link.