Commercial real estate industry under investing in technology: report

A Canadian information technology firm estimates that nearly one-third of the world’s commercial real estate industry is using archaic and error-prone spreadsheets to manage property portfolios potentially worth $11-trillion.

Altus Group came up with its figures after surveying more than 300 international executives in the commercial real estate industry to come up with its findings.

Read more on coverage of the Altus Group CRE Innovation Report by The Globe and Mail.

Read more on coverage of the Altus Group CRE Innovation Report by Canadian Business.

Read more on coverage of the Altus Group CRE Innovation Report by Montreal Gazette.

Altus Group CRE Innovation Report Reveals Commercial Real Estate Firms Must Accelerate Investment in Technology Innovation to Reduce Risk of Losing Competitive Position

Data silos and widespread use of spreadsheets within CRE industry poses real threat, trillions of dollars of assets managed manually

TORONTO (September 29, 2015) – Altus Group Limited (ʺAltus Groupʺ) (TSX: AIF), a leading provider of commercial real estate services, software and data solutions, and ARGUS Software Inc. (“ARGUS”), a subsidiary of Altus Group, today released the Altus Group CRE Innovation Report revealing commercial real estate (“CRE”) firms need to speed up investment in technology innovation to efficiently capture and manage increasing levels of capital allocation to the industry.

Altus Group Announces Third Quarter 2015 Dividend

TORONTO, ONTARIO (September 15, 2015) – Altus Group Limited (ʺAltus Groupʺ or “the Company”) (TSX: AIF) announced today that the Board of Directors has approved the payment of a cash dividend of $0.15 per common share for the third quarter ending September 30, 2015.

ARGUS Family Participates in Altus Month of Caring

altusmonthofcaring
In September 2015 the ARGUS family participated in the 2nd annual Altus Month of Caring by visiting the Ronald McDonald House – Houston.  The ARGUS family volunteers came together to plan, shop, prepare, cook, serve and clean-up for over 60 individuals as a part of the Family Meal Program.

What’s all the fuss about data?

Written by Claire Cole at Asset Magazine

Data is all around us. Today more than ever before, businesses generate vast amounts of it. But are they using it effectively? More specifically, are property funds, portfolio managers and asset managers getting the best information they can out of the data in their systems? This was the main topic addressed at a recent seminar hosted by MDA Property Systems and Argus Software.

Read the full article on page 122 to learn the value of effective data management in commercial real estate.

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Data intelligence offers a competitive edge

Data intelligence gives real estate industry investors a competitive advantage in terms of speed of decision-making and providing transparency to third-party capital.

Data intelligence is now coursing through the DNA of most competitive industries, and while the property sector has been slow to adapt, a disruptive shift is emerging. Fortune is favouring those in commercial real estate (CRE) who are realising the power of data across the entire transactional process. Read more…(Property Council of Australia)

David Oates
David Oates, Head of International Sales
ARGUS Software

Hong Kong towers over New York and Tokyo to become world’s leading high-rise city

 

Hong Kong World’s Leading Skyscraper City; New York Rents Rising Faster

 

Industrial market leads the way as Las Vegas #CRE shows improvement in Q1 of 2015

Las Vegas Commercial, Retail Markets on the Mend

Based on a new report released by Xceligent and the Commercial Alliance Las Vegas (CALV), the commercial real estate market in Southern Nevada continues to recover from the Great Recession, with office, industrial and retail vacancy rates all improving during the first quarter of 2015.
  – See more at: http://www.worldpropertyjournal.com/real-estate-news/united-states/las-vegas/las-vegas-office-market-report-2015-xceligent-commercial-alliance-las-vegas-calv-bobbi-miracle-ikea-las-vegas-warehouse-space-in-las-vegas-retail-malls-in-las-vegas-9022.php#sthash.9cV1eFz2.dpuf

ARGUS SOFTWARE SURPASSES 600 CUSTOMER MILESTONE FOR ARGUS ENTERPRISE

GLOBAL ADOPTION CONTINUES AS CUSTOMERS RELY ON ARGUS ENTERPRISE AS THE STANDARD FOR COMMERCIAL REAL ESTATE ASSET MANAGEMENT

12 May 2015

TORONTO (May 12, 2015) – ARGUS Software Inc. (“ARGUS”), a subsidiary of Altus Group Limited (“Altus Group”) (TSX: AIF), is pleased to announce it has surpassed the 600 customer milestone for its flagship ARGUS Enterprise (“AE”) platform – the world’s most comprehensive asset and investment management software for commercial real estate.

Over the past two years, AE’s strong momentum has continued to grow with the adoption of thousands of users.

Of the 600+ customers, 35% are now located outside of the US, demonstrating a significant expansion of AE into global markets. Many of the industry’s largest commercial real estate organizations rely on AE including investors, owner operators, lenders, portfolio managers, and 8 of the 10 largest real estate service providers.  By incorporating the world’s most widely-used standard valuation methodologies, AE offers a single unified platform to allow commercial real estate organizations to manage, analyze and report on their world-wide assets.