• Archive

  • Positive Net Absorption Streak Snapped Shy of 40 Consecutive Quarters

    After 39 consecutive quarters, the Phoenix office market snapped the streak of positive net absorption in Q2 2020.The vacancy rate rose for successive quarters, settling at 15.6% for the quarter.Under construction space sits at 2.5 million sq. ft., 56% of which is pre-leased.Full service gross asking lease rate continued to increase to $27.85, the highest ever recorded (historical data begins in 1999). *Arrows indicate change from previous quarter. Construction Deliveries Decline [...]

    Phoenix Industrial Market Sees Highest Construction Deliveries Since Fourth Quarter 2013

    The Phoenix industrial market’s momentum continued into the second quarter with 1,880,638 sq. ft. of positive net absorption, its 41st consecutive quarter of gains.Phoenix industrial vacancy was 5.9% in Q2 2020, an increase of 40 bps after a dip in Q1 2020.Currently, 13,096,560 sq. ft. of industrial space is underway across the Phoenix market. At the end of the quarter, 40.2% of the space under construction was committed to by tenants currently located in the market and new entries to [...]

    Procore - Sage 300 CRE Connector Enhancements

    Last week, Procore released a handful of widely requested enhancements to their Sage 300 Construction and Real Estate Connector. With these new improvements, integration users can now: Integrate with Procore’s Invoice Management product by syncing subcontractor invoices from Procore to Sage 300 CREEliminate double entry and simplify accounts payable workflowsProvide front and back office visibility into projects and expedite payments"The addition of exporting invoices directly from [...]

    Keeping it Together When We’re Not: Good Business Practice is More than Just Business

    We’re two months into pandemic life, and I don’t know about you, but I’m starting to get a little cagey. It seems working from home means more hours, more meetings, and no lunch escape. Work is always there; it’s taunting you from your table/corner/office. We hear it whispering, “Come back here. You’re not done with this.” Add to it the looming fear of layoff or furlough, and you’ve got a recipe for burnout. And if you’re feeling it, you can bet your team is too. It’s [...]

    Tracking and reporting COVID-related absences in Sage 100 Contractor

    Sage team has determined the method by which your business can track pay for employees whose absences are covered by Families First Coronavirus Response Act measures. How do I make these changes? Refer to this general procedure to set up Absence Types associated with COVID-19 and use this report in conjunction with the new Absence Types provided by Sage. You can also bookmark this article dedicated to this Act for future updates and references. Need assistance? Our consultants [...]

    Set up Sage 300CRE Payments associated with the Families First Coronavirus Response Act

    On March 18, 2020 President Donald Trump signed into law the “Families First Coronavirus Response Act (H.R. 6201)” to address mandated emergency paid family leave and/or sick pay for certain employees impacted by COVID-19. As a result, Sage has released an update for Sage 300 CRE to allow customers to set up the pay ids and track the payments associated with this new Act. How do I make these changes? Refer to this general procedure called How to up pays to pay employees associated[...]

    Updates to Digitek’s service during Pandemic

    To our Valued Customers Protecting the well-being of our employees, customers, and community has and will always be our top priority. As the implications and uncertainty around this pandemic continue to unfold, and as many people transition to working remotely, we understand the importance that the Digitek IT Technicians and Sage Consultants can continue supporting our customers. In following the recommendations and intent of the CDC and our public health authorities, the Digitek Team[...]

    Cloud Financial Management for Construction and Real Estate

    By combining the proven Sage Intacct platform with Timberline’s 40+ years of experience serving the construction industry, Sage Intacct Construction help you navigate the complex demands and nuance of construction financial management. Construction companies face unique challenges: from compliance reporting to generating accurate job profitability metrics and providing real-time visibility—we want you to spend less time on administrative tasks and more time on what really [...]

    Prospering from Digital Transformation in Finance Function

    Finance leaders are increasingly expected to drive digitalization. To get the most from technology there needs to be alignment between business strategy and cultural readiness. Also, finance leaders need to continue investing in training and educating their teams on the role digitalization will play. Is your company ready to embrace the changing digital landscape? 32% believe they have an overall digital skills gap in their department or team 82% of respondents believe the culture of [...]

    Sage Intacct For Real Estate Investment Trust

    Let's take the example of a REIT financial leader managing client's assets across US commercial real estate, Europe real estate and US residential Real Estate. This brief video illustrates how Sage Intacct helps portfolio mangers keep funds under control with the help of real-time data and intuitive financial dashboard. The key benefits when a REIT company start using Sage Intacct Role-based dashboard for each fund - with unique key metrics that you can drill down deep to [...]