The VPI service is currently available at Colliers clients in San Francisco, but will be rolled out this month to Colliers' new management clients in Beverly Hills. Grosvenor Americas this month awarded Colliers the property management contract for its 30,000-square-foot Rodeo Drive property, tenanted by Harry Winston and Bebe, located at 306 and 310 N. Rodeo Drive.

Colliers provides management and leasing services for three other Grosvenor properties in San Francisco's Union Square district, with tenants including De Beers, Faconnable, and Icebreaker.

The VPI program is “something that the Colliers team really started to think about as our clients are busy looking at repositioning of assets and also being inundated with wearing multiple hats, managing their assets and assisting on multiple levels internally,” says Solanki. “Some clients are not locally present. We started thinking how we can provide real time, relevant information and how we can make it simple.”

Solanki claims the VPI service also provides cost-savings because clients can use the data as “a historical tracking record which builds on three-year or five-year capital plans.”

GlobeSt.com asked if the VPI program posed any special legal challenges, given recent surveillance concerns and sensitivities raised in published reports about government activities. “It's still in its infancy stage, but we are all aware of these issues,” Solanki says.

The Beverly Hills properties that were recently taken over by Colliers will also be brought up to LEED platinum certification standards, Solanki says.

As previously reported by GlobeSt.com, Colliers International recently issued a Global Office Report that indicates markets are rebounding, with the majority experiencing more tenant stability than they have exhibited in some time.