IRVINE, CA-When Richard M. Lee wanted a way to monitor progress at his consulting firm’s various construction projects, he went to the Internet and found RemoteVideo.com.

Lee, principal of Richard Lee & Associates, a Newport Beach-based commercial real estate consulting firm, has investors for whom he wanted to provide real-time access to the construction sites. Through RemoteVideo, based in Irvine, he was able to purchase CyberMux, a CCTV video surveillance system that has been used primarily for security purposes at retail establishments, but has applications for many other industries, including construction.

“Real estate is an old economy industry where the talent pool hasn’t regenerated itself well in the past few years,” Lee says. “Development and construction managers are stretched thin with geographically dispersed projects. Tools like on-site Web cams help minimize unnecessary site visits, enhance subcontractor scheduling and coordination, allow for more timely disbursals of construction loan draws and provide additional site security. CyberMux provides us with a very simple but powerful tool to compress the construction cycle and gain incremental efficiencies in what is basically a very inefficient business.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.