Real Estate Pros are Finally Taking Tech Seriously

In 2003, much of the Northeast blacked out. It was the second-biggest power outage in world history, affecting some 55 million people. Five years later, Rudin Management Company was sitting down with representatives from Consolidated Edison, who asked the landlord whether or not it would be useful if the utility had a way to give 45 seconds to a minute of notice that a blackout was coming. Michael Rudin, a vice president at the company, told Commercial Observer that the short answer was yes, but then the team had to figure out what they would do with the information.