News: Front Section

Technology in real estate and construction - by Rick Kaplan

Remember the days of the pink message pads, the receptionist would write down your missed calls and leave them on your desk. Then we had beepers, followed by emails and now cell phones and tablets. We’ve come a long way, and you are now connected 24/7. Is this a good thing or bad?

We all use a cell phone or tablet and it has become a part of our everyday life. There have been some incredible apps or software to improve your personal and business lifestyle efficiency and entertainment (scheduling, communication worldwide, help you manage your daily exercise and calorie intake, never miss a phone call or email, etc.).

I have seen so many new products that have helped make the construction and real estate industry more effective. Now we see Artificial Intelligence being implemented into some of the platforms to manage sales, follow up and lead generation like Skyler 360 and comp sharing software like Compstak, just to name a couple of companies out there. Architects and construction companies are now using 3D printing for design and building, and BIM (Building Information Modeling) software.

With all of the new technology, will this mean fewer needed in the workforce? I think not. We now have new jobs and re-training of old jobs, it is exciting time for young people coming into the industry. The Generation X and Y, Millennials, growing up with new technology and how fast things change, can easily adapt to the future of technology in the industry.

What do you think of all of the changes technology will create, will it be good or bad?

Rick Kaplan is media director at the New England Real Estate Journal, Norwell, Mass.

MORE FROM Front Section

Newmark negotiates sale of 10 Liberty Sq. and 12 Post Office Sq.

Boston, MA Newmark has completed the sale of 10 Liberty Sq. and 12 Post Office Sq. Newmark co-head of U.S. Capital Markets Robert Griffin and Boston Capital Markets executive vice chairman Edward Maher, vice chairman Matthew Pullen, executive managing director James Tribble,
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
How COVID-19 has impacted office leasing - by Noble Allen and John Sokul

How COVID-19 has impacted office leasing - by Noble Allen and John Sokul

To say that the effects of COVID-19 has transformed office leasing is an understatement. When COVID-19 was at its peak, office spaces were practically abandoned either through governmental mandates or through actions taken by businesses themselves.

Make PR pop by highlighting unique angles - by Stanley Hurwitz

Make PR pop by highlighting unique angles - by Stanley Hurwitz

Coming out of the pandemic, a client with three hotels in Provincetown, Mass., needed ways to let the world know his properties were open for business for the 2021 tourist season.
Four tips for a smooth 1031 Exchange - by Bill Lopriore

Four tips for a smooth 1031 Exchange - by Bill Lopriore

Many real estate investors do not understand the specific requirements that must be met to secure the benefits of a tax-deferred 1031 exchange. For example, the replacement property must be identified within 45 days of the closing date of the relinquished property.
Five ways to ruin a  Section 1031  Like-Kind Exchange - by Bill Lopriore

Five ways to ruin a Section 1031 Like-Kind Exchange - by Bill Lopriore

While there is some flexibility when structuring a like-kind exchange, some important requirements must be met. A mistake can ruin your exchange. Here are five mistakes to avoid: