May 10, 2010

The Evolution of the Site Approval Process

Lucernex expert Mike Nuzum (see Mike’s management summary here) discusses the site approval process for companies developing revenue producing locations.

To any company developing and opening new locations, the Site Approval Process is a very important task requiring not only very good analytic information about markets and market areas, but also a network of real estate professionals managing the process.
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January 28, 2010

The importance of transparency in real estate decision-making

Is data transparency intangible in real estate project management? Many consider transparency to be immeasurable and therefore not valid in an ROI analysis.

Lucernex expert Mike Nuzum (see Mike’s management summary here) provides this response:

During the time I was in the retail business we developed many ways to compress the time it took to complete critical project tasks; whether it was to get a store open faster, get leases signed faster or implement a multi-store remodel capital project quicker. (NSCB3GKUGAMP)

One process we developed enabled us to open new stores in just 3 days.

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