Honest Buildings: The Real Estate Procurement and Project Management Game Changer

For years Riggs Kubiak worked as an asset manager for a large commercial real estate portfolio owner in New York City. He was frustrated by the lack of access to the data that he needed to make decisions. In order to get a clear view of where each of his buildings stood compared to business plans he had to spend hours collecting information from property managers, construction managers, architects, engineers and general contractors.

Three years ago, Riggs set out to solve that problem and founded Honest Buildings, a technology that empowers smart decision making and ensures capital and construction projects get done on time and on budget. The software empowers real estate owners and managers with access to information on a project, building or portfolio basis in seconds. From procurement all the way through to project completion, the platform creates value by fostering faster project delivery, lower project costs and huge time savings.

“All real estate assets have capital, construction and service contract projects, whether they are within an office building, a warehouse, a store, a school, or a hospital,” says Kubiak. “Today the ways those projects are tracked, using Excel or pen and paper, saved in local and shared drives or email inboxes, is holding back the efficiency of buildings—the places where we as humans spend 90 percent of our time every single day. We see this as a systemic opportunity across every type of building to enhance the way that projects are being initiated, tracked and completed.”

Today Honest Buildings is being utilized by many of the largest commercial real estate owners in the globe including Brookfield, Vornado, SL Green, Beacon Capital Partners, Rudin Management Company, JBG Companies, Parkway Properties, Invesco, and many others. The platform captured the attention of the industry as the only solution built not only specifically for, but in conjunction with the leading innovative owners in the market.