23rd June, 2015 – Consolidation. It’s a word that can best describe the current market activity in our industry with new mergers, acquisitions and joint ventures announced nearly every day. One of the biggest challenges these companies will face? Effectively combining multiple data platforms that don’t communicate with each other – it can have a significant negative impact on internal data quality, data collection processes and client services.
9th June, 2015 – Lisa Stanley, CEO, OSCRE gets interviewed at Realcomm regarding current and future uses of data standards.
28th May, 2015 – My first post on Real Street Tech, “Big Data: Big Opportunities For CRE,” looked at how data analytics can align the CRE function with the company’s business goals. In global corporate real estate, outsourcing strategies and management information (MI) strategies are being solved together.
Here are five questions to ask your service partners about how they approach information management as part of their business relationship with you.
18 May, 2015 - Commercial real estate executives today are besieged by data. Technology has fueled industry innovation, providing immediate access to critical information about every aspect of real estate properties. The power of that data can be incredible. The problem? Making sense of it all in a cohesive manner.
London, 1 April, 2015 - Sharing portfolio information between organizations has become much simpler with the release of the updated Portfolio Information Exchange Standard (PIE-X). Whether you are expanding your real estate investment portfolio, changing service providers, acquiring or divesting properties, or supporting the management of real estate information, the PIE-X standard will expedite the exchange of real estate portfolio information between you and your partnering organization.
ORLANDO, FL March 12, 2015 - CoreNet Global's BenchCoRE, an industry leading corporate real estate benchmarking service, has aligned with OSCRE, the Open Standards Consortium for Real Estate, both organizations announced today.
February, 2015 - A new study published by JLL and based on a Forrester Research Survey of nearly 400 corporate real estate executives confirms that corporate real estate (CRE) is rapidly becoming one of the most data–driven corporate functions. Twenty–eight percent of corporate real estate leaders see themselves as "data–centric" today, and this number is set to double to 56 percent over the next three years. Additionally, 58 percent reported they are unsure whether they have the relevant internal skills to drive a data and analytics strategy – are you one of them?
If so, OSCRE can help. While "big data" and "The Internet of Things (IoT)" have increasingly become topics of conversation at real estate conferences and in the trade press recently, it has never been more critical for organizations to implement standards to collect, analyze and transfer data.
January, 2015 -The need for an efficient, flexible portfolio information exchange standard has become essential. With the number and complexity of real estate portfolio transactions on the rise in the corporate and investment worlds, the sharing of information during the due diligence assessment and the final portfolio exchange has become extremely difficult for both sellers and buyers. Service providers also struggle to complete the transfer of large accounts in a timely manner as organizations regularly move between suppliers.
Working with leading member companies such as JLL, Real Foundations, Yardi, Trace Solutions, TIAA-CREF, Canada Life, and other organizations, OSCRE has built a new portfolio exchange standard, PIE-X, adopting the best of prior PIE standards and incorporating significant new functionality and value.
OSCRE Standards received accolades from CRE Industry Leaders Dave Clute of Zurich and Jim Young on a recent Realcomm webinar entitled “Corporate Real Estate & Facilities – What Will the Next 12-18 Months Bring? ” It’s a panel discussion with a strategic view on the corporate real estate landscape. You can access the webinar recording using the button below.