Press Release brought to you by Honest Buildings
Connection Engine Honest Buildings Surpasses $100 Million in Real Estate Projects Originated Through Site
Innovative Online Marketplace Continues Explosive Growth
New York City, N.Y. (March 3, 2014) – Honest Buildings (HB Network), the leading connection engine for real estate projects, today announced that it has surpassed the $100-million mark in real estate project contracts originated through the site, with more than $45 million of those contracts originated in just the past two months alone.
The milestone reflects a major shift in commercial real estate being led by the next generation of industry professionals, who are leveraging technology to create efficiencies in the decision-making process. By providing a simple web platform for building professionals to create free, online portfolios of their work, HB Network is able to run custom searches on behalf of real estate decision-makers and produce detailed evaluations of experienced specialists that are qualified for their projects. The result is an efficient, enhanced process for building owners to quickly and thoroughly compare, vet and select the most relevant building professionals for the specific requirements of their projects, saving valuable time and resources.
“Professionals today realize that relationships are the cornerstone of successful real estate transactions, and they’re increasingly tapping into new ways to create meaningful business connections,” said Riggs Kubiak, co-founder and CEO of HB Network. “HB Network’s focus is empowering real estate decision-makers to be more effective in searching for and connecting with the right professionals, and we’re excited about the opportunity to make a true impact by harnessing the power of technology to create this efficiency.”
The real estate industry’s growing embrace of technology-based solutions has contributed to the explosive growth of HB Network, which has expanded its portfolio of thousands of building professionals, including architects, engineers, contractors and technology experts.
In addition to its flagship service, the company’s HB+ offerings are also increasing accessibility and driving engagement around building-related initiatives for governments, utilities, building owners and managers and real estate service providers. The HB+ service platform includes a host of new features such as an iPad app, along with interactive web platforms that are consistently updated with new projects and can be integrated seamlessly with users’ own websites. To date, the states of New York and Connecticut, as well as Washington, D.C., the Department of Energy and Con Edison have leveraged HB+ tools to power websites that create greater transparency and foster the development of next-generation buildings and real estate projects. The result: information is more accessible to the public and allows project development to flow more efficiently.
Investors have taken note of HB Network’s potential to revolutionize the real estate industry – the company secured $4 million in Series A-1 financing in December 2013, led by Thrive Capital, a private equity and venture capital firm that has invested in companies such as Instagram, Spotify and Warby Parker. HB Network previously secured $5.5 million in Series-A financing from investors Westly Group and RockPort Capital in June 2013.
About HB Network
HB Network is the world’s leading Connection Engine for Real Estate Projects. From architects to engineers, contractors to technology experts, HB Network helps you find and meet the perfect people for your real estate projects, fast. We enable the real estate community to make the smartest decisions, one project at a time. With an innovative suite of products and more than $100 million in deal flow to date, HB Network is changing the way real estate connections are forged. For more information, visit www.hbnetwork.com and see how it feels to Search. Connect. Decide.
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03/13/2014 - 08:24