PRESS RELEASE: New York, NY (Dec. 8, 2016) — Honest Buildings, the leading intuitive, data-driven project management and procurement platform built for commercial real estate owners and managers, is closing out 2016 as a transformational year for company. Based on the company’s success in building a platform specifically for and in conjunction with many of the largest real estate owners and managers in the United States, this week Honest Buildings CEO and Founder Riggs Kubiak was named CRE Tech CEO of Year by top industry influencer Duke Long.
“The real estate industry is finally waking up to the benefits and the necessity of technology and the CRE tech movement has emerged as a paramount form of value creation, with companies like Honest Buildings at the helm,” says Brad Greiwe, Co-Founder at Fifth Wall and Founder / CTO at Invitation Homes. “I’ve seen Honest Buildings grow from its early days to emerge as one of the few true breakout leaders by not only listening to owners but building the product that they needed to create tangible results for each and every project.”
"The CRE tech movement has emerged as a paramount form of value creation, with companies like Honest Buildings at the helm.”
Honest Buildings is on track to surpass $2 billion in project value run through the platform by year end, only a quarter after announcing it had accelerated past the $1 billion mark. This year also saw the company’s expansion into the multifamily sector after several other announcements highlighting the growth of the team, partnerships with industry leaders like NAI Global and integrations with CRE accounting software like MRI. The platform also rolled out a customer-requested contract and invoicing management portal that allows owners real-time visibility and collaboration, leading to accelerated project timelines.
“Construction and infrastructure are critical to the development of the spaces where we work, live and play, so it’s no surprise that Riggs and his team have experienced such success with their data-driven product,” says Michael Rudin, Vice President, Rudin Management Company. “The company has modernized the way capital, construction and tenant improvement projects are bid, tracked and reported on and I expect to see exponential growth in adoption of the product.”
“[Honest Buildings] has modernized the way capital, construction and tenant improvement projects are bid, tracked and reported on and I expect to see exponential growth in adoption of the product.”
Founded in 2012, Honest Buildings serves industry leaders like Beacon Capital Partners, Invesco, The JBG Companies, SL Green, Parkway Properties, and Rudin Management, which use the platform to streamline project management processes, increase revenue through faster project delivery, reduce project costs and increase efficiencies on projects portfolio-wide.
“The urban fabric of our global cities is one of the largest challenges and opportunities of our time. Our team is continuously humbled by the ability to work alongside many of the largest and most innovative real estate owners and operators to empower collaborative, data-driven decision making in the built world,” says Kubiak.
Honest Buildings is the leading intuitive, data-driven project management and procurement platform built for commercial real estate owners and managers. Founded in 2012 by Riggs Kubiak, the platform serves industry leaders like Beacon Capital Partners, Invesco, SL Green Realty Corp., Angelo Gordon & Co., The JBG Companies, Parkway Properties, and Rudin Management Company, which use Honest Buildings to centralize project data, increase transparency, automate bid management, and standardize reporting. Owners rely on the platform to manage nearly $2 billion in total project value.