Q & A with National Disclosure Authority CEO Sergio Siderman
In an increasingly litigious world, disclosure has become a critical part of buying and selling residential real estate, particularly if a condominium or apartment complex occupies a natural hazard area. But some methods of outlining hazards such as flood and landslide zones can result in inaccurately drawn reports that can ironically prove to be naturally hazardous to the fiscal health of both the buyer and seller....
Apartment Owners, Managers Heed Technology Call
How’s this for asleep-at-the-wheel marketing: A new study indicates that just 22% of all calls to apartment offices that are captured by voicemail or answering services are returned within 48 hours. And just 56% of the calls to those offices during business hours are answered by an on-site employee....
Interest in Post-9/11 Security Technology Diminishes
The 9/11 attacks in Manhattan and Washington, D.C. led many building owners and managers to upgrade their security protocols and systems. Surveillance cameras, lobby turnstiles and other high-tech security measures became commonplace features within many large properties....
The so-called NASDAQ for residential condos is teaming up with a digital directory of condo hotels.
In late July, Miami-based Condo.com created a partnership with CondoHotels.com. The deal will allow Condo.com, which lists more than $100 billion in residential condos, to use its proprietary technology platform to power the domain CondoHotels.com. “Partnering with the largest online directory of condo hotels gives us the opportunity to enter the travel arena,” says Condo.com CEO Richard Swerdlow. “Being a one stop shop in this growing market gives us another competitive edge.” CondoHotels.com enables visitors to buy, sell, rent and book condo hotel units around the world. Both dot-coms are privately held....
LoopNet bolsters distribution network through strategic acquisition.
Online commercial real estate marketplace LoopNet Inc. (NYSE: LOOP) has acquired Cityfeet.com for $15 million. Privately held Cityfeet.com distributes commercial property listings to more than 100 partners, among them the Web sites of large circulation daily newspapers such as the New York Times, Boston Globe and the Atlanta Journal-Constitution. Before the deal was announced, Cityfeet had 100,000 property listings on its site — or a fifth as many as the roughly 500,000 listings on the LOOP site. The deal will bring commercial real estate’s largest online marketplace and largest distribution network together, according to LOOP. LoopNet averaged 950,000 average monthly unique visitors during the second quarter, according to comScore. ...
Q&A with Pitney Bowes MapInfo global practice leader Devon Wolfe
Site selection has come a long way in a short time. Unlike the old days when “siting” meant paying some consultant to hazard an educated guess at where to find store locations and branch offices, technology has helped the process evolve into a highly sophisticated and exacting science. Troy, N.Y.-based company MapInfo is part of the reason for this shift. The 21-year-old firm, which sells “location intelligence” mapping software, consulting services and related data to companies and governments, officially became Pitney Bowes MapInfo this spring when Pitney Bowes bought it for $408 million....
Turning Brownfields into Goldfields
Across from the Manhattan skyline showcasing the nation's premier properties, for more than 30 years a sprawling parcel of land sat neglected and overgrown with weeds in the shadow of the George Washington Bridge. Once, silent film star Mary Pickford posed for close-ups in a film studio on the site. Nearly a century later, where others saw blight, developer John Johnson, president of Centuria Corp., saw possibility....
New Programs Energize Green Retrofits for Buildings
Major projects initiated by former President Bill Clinton and CB Richard Ellis Group Inc. should propel efforts to retrofit millions of square feet of existing commercial and government buildings with “green” technology. But experts note that multi-tenant buildings may be laggards in this green wave....
Q & A with Accruent CEO Mark Friedman
Non-real estate companies have a tendency to sweat the details of a lease or property purchase only to ignore the operating and competitive advantages they should be leveraging from their assets....
Commercial real estate news and reports are increasingly hitting in-boxes rather than mailboxes.
One company using the Internet to distribute well-sourced dispatches and reports is Manhattan-based Pinhawk LLC. Earlier this year, the targeted news provider created a New York City Real Estate newsletter that is now sent to 3,000 e-mail addresses. ...
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