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February 3, 2021

Hackers Are Coming For Property Managers' New IoT Systems

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The use of connected building technology is exploding amid the coronavirus pandemic, forcing property owners and managers to find more ways to provide services to residents without face-to-face interaction. But as adoption of the Internet of Things has grown, awareness of its security risks hasn’t kept pace.

Hackers Are Coming For Property Managers' New IoT Systems

Merely managing a building during the pandemic has overwhelmed many property managers, and they haven’t been able to educate themselves on all the security protocols with IoT, Institute of Real Estate Management President Chip Watts said.“There are so many different items out there right now that can be hacked and be…

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CA Investor Buys College Park Apartments In More 1031 Exchange Flight From West Coast

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Another West Coast investor has come to Metro Atlanta to buy apartments with 1031 exchange capital. California-based JJM Investments purchased Legacy in College Park, a 1970s-era, 700-unit apartment complex in College Park for $49M. JJM bought it from a local investor under the name DRI Legacy, Berkadia Director Matt White said.…

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Bisnow Is Looking For CRE Innovators

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Bisnow is putting together a series featuring the people and companies in commercial real estate who found a way to break new ground in the industry during the coronavirus pandemic. This could take many forms: perhaps a company using new forms of financing or design, a person at the forefront of driving diversity in…

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Origin Stories: GI Stone Owner Sandya Dandamudi Carved Out A Niche In CRE Development

This series delves into the myriad ways people enter the commercial real estate industry and what contributes to their success.

Sandya Dandamudi is the second-generation owner of GI Stone, a Chicago-based firm that sources, fabricates and installs custom stone for clients nationwide. Her experience with stone started at a young age when she accompanied her mother, Rani, on interior design projects. In 1995, her mother founded GI Stone, and Dandamudi joined the company — eventually taking the helm when her mother retired. No matter the challenges of running a business, Dandamudi said her motto remains constant: “Stone is the boss.”

Based in Chicago’s Hubbard Street industrial district, GI Stone recently completed the stonework on several high-profile projects including One Bennett ParkOptima Signature, NEXT Apartments, No. 9 Walton, Fulton East and the Four Seasons Hotel Chicago.

Dandamudi isn’t content to simply run a successful company. As a member of the River North Residents Association, a nonprofit advocacy organization for Chicago’s  River North neighborhood, she encourages local developers to support the pre-apprenticeship training program run by Saint Paul Church of God in Christ Community Development Ministries Inc. on Chicago’s South Side. Her goals are to help create a steady pipeline of new stoneworkers, to provide opportunities for those from underprivileged backgrounds and to help improve minority representation within the stone trade.

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