May 14, 2013
Real Estate Technology expert and Lucernex President, Joe Valeri (see Joe’s management summary here), discusses the differences between traditional integrated workplace management systems (IWMS) and Retail IWMS solutions.
While Lucernex prefers to call what we deliver Store Lifecycle Management, The Gartner Group, whom coined the term IWMS and publish an annual survey of the IWMS industry, consider us an IWMS vendor. (more…)
May 13, 2013
Real Estate Technology expert and Lucernex President, Joe Valeri (see Joe’s management summary here), has written a Newsletter featuring Gartner research discussing, how Cloud and Mobile technologies impact Real Estate. Below is the Introduction to that Newsletter.
To get the complete Newsletter, which includes the featured Gartner research note titled “Predicts 2013: New Trends Bring New Challenges for IT Asset Management and Procurement”, go to the Lucernex Knowledge Base.
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December 4, 2012
The evolution of financial systems, in general, might be simply described as evolving from card readers, to mainframes to Excel to client/server applications and finally to today’s Cloud based ERP systems. So, where in this evolution is your real estate department? (more…)
August 6, 2012
Lucernex Real Estate Solutions Strategist, Mike Hammerslag, MS(RE), MBA, CPM® (see Mike’s management summary here) has been keeping close tabs on the upcoming FASB guideline changes for retail leases and provides this update.
There has been some significant progress this summer and I am happy to report that final adopted regulations in less than ten (10) months would not be a surprise!
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June 24, 2012
Lucernex Real Estate Solutions Strategist, Mike Hammerslag, MS(RE), MBA, CPM® (see Mike’s management summary here), discusses how your straight-line rent accounting process can violate basic accounting principles.
The current reporting guideline governing the accounting for leases in the United States is a regulation known as FASB 13. The fundamental premise of that reporting is that the total rent paid under the lease will be accounted for on a straight-line basis over the entire term. But there are issues. (more…)
May 31, 2012
Lucernex Real Estate Solutions Strategist, Mike Hammerslag, MS(RE), MBA, CPM® (see Mike’s management summary here), discusses the impact of the new FASB 13 rules on subleasing for Retailers.
This is an addition to Jim Duports 2010 Blog: GAAP in Commercial Real Estate Sublease Accounting
Excess capacity and leases with intrinsic economic value have always been an important if oft overlooked component of a retail portfolio, except by Private Equity Firms and Hedge Funds. I often wonder how frequently a review of a leased/owned portfolio is done, by a retailer, from the standpoint of: (more…)
May 1, 2012
Lucernex Real Estate Solutions Strategist, Mike Hammerslag, MS(RE), MBA, CPM® (see Mike’s management summary here), discusses what CFO’s need to know about the new FASB rules.
Time, Resources, Processes, and Impact … New Systems, New Rules … More SOX!
Some people refer to the moment in time when everything is finally laid out before them by all their constituents and the pieces all finally fall into place as an “Aha Moment.” That “Moment” is closer than you think; that moment is NOW!
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April 23, 2012
Lucernex Real Estate Solutions Strategist, Mike Hammerslag, MS(RE), MBA, CPM® (see Mike’s management summary here), discusses the impact the new FASB rules will have on retailers.
Get Ready in 2013 so you can report in 2015
The FASB/IASB Leases Project has gone on, perhaps even dragged on, more than most of us could have expected. Now with the 2nd Exposure Draft (ED), which was originally expected in the 2nd Quarter of 2011, not due until the 2nd half of 2012 one might be lulled in to a false sense of passive inaction. This would be a mistake!
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April 10, 2012
Real Estate Technology expert and Lucernex President, Joe Valeri (see Joe’s management summary here), discusses the benefits of Tablet computers in real estate development and management and the impact of Tablets on the retail life cycle.
Can you believe it has only been two years since Apple introduced the first iPad?1
The use of tablet computers has rapidly increased since Apple released the first iPad in 2010. Gartner predicts that almost 119 million Tablets will be sold in 2012 and over 665 million will be in use by 2016.2
This trend is already beginning to impact retail real estate development and that impact will grow dramatically as Tablets become more and more ubiquitous.
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April 2, 2012
Real Estate Technology expert and Lucernex President, Joe Valeri (see Joe’s management summary here), discusses the history of retail real estate technology.
I recently wrote a new whitepaper detailing the progression of technology within the corporate real estate industry. The image below provides a summary of that history. This blog focuses on the newest technology, tablet computing, and how it’s already impacting retail real estate productivity.
