Property managers and developers can now create added revenues through hosted billing applications.
In early June, NACT Telecommunications unveiled a new software package called IRIS. NACT is billing IRIS as the “first true hosted billing application” for voice, video, data and other services. Tenants are increasingly demanding a range of customized telecom services from their landlords and property managers....
Q&A with Stephen Alter, CEO, Real Capital Markets
In an increasingly virtual world, Carlsbad, Calif.-based RealCapitalMarkets.com stands out as the country’s biggest “virtual matchmaker” of commercial real estate dealmakers. The online service, which pairs up buyers and sellers of properties in excess of $10 million in highly secure ‘virtual deal rooms,’ facilitated well over a quarter of all U.S. sales in that lofty price range in 2006, reports New York-based Real Capital Analytics. ...
One of the nation’s largest fast food operators is using site selection software to pinpoint new restaurant locations.
On May 7, CKE Restaurants Inc. announced plans to use geoVue’s location optimization software as the restaurant company launches a major expansion. CKE operates popular chains like Hardees and Carl’s Jr., among other brands. “We were impressed both with geoVue’s highly experienced analysts and its superior software,” says Rich Buxton, executive vice president of real estate development, CKE. “geoVue will help us prioritize new markets, determine how to lay out franchise territories in each of them, and prioritize our remodeling program for existing stores.” The firm helps retailers determine which markets to enter based on myriad demographic and econometric factors. The Woburn, Mass.-based company also advises clients on how to localize marketing and merchandizing efforts. The company likes to boast that its clients “don’t leave square footage on the table.” Clients of geoVue include Dunkin’ Brands, Meineke, REI and The Limited....
A leading provider of apartment revenue management technology has released an upgraded version of its popular software
Last week, Atlanta-based The Rainmaker Group released Version 8.0 of its Lease Rent Options software. The company tapped two PhD mathematicians to upgrade this software, which helps apartment owners and investors analyze property level performance and set rental rates. The upgraded software, which Rainmaker calls the revolution LRO series, includes a new use interface that includes expanded property performance data and the ability to drill-down more closely into that data. “The multifamily housing industry is a new frontier for the application of pricing and revenue management and provides many unique modeling challenges,” says Dr. Ahmet Kuyumcu, one of the chief scientists who helped develop Version 8.0. “These include low data volume, numerous lease term alternatives, different pricing requirements for new leases and renewals, early terminations and significant vacancy and make-ready costs,” says Kuyumcu. Rainmaker counts large multifamily owners like REITs Post Properties and Equity Residential....
Industry Slowly Embraces Digital Crisis Management Tools
Emergency preparedness is easing its way into the Digital Age....
Energy costs, green building fuel ‘smart’ structures
Slowly, so-called “smart” structures are taking root as concern over energy costs and interest in green building grow....
Q & A with Mark Golan, chairman, Cisco Systems
The standard office model is stuck in the 20th century, says connected-workplace innovator Mark Golan. He has a message to companies living (and working) in the past: Adapt to this new climate and save millions of dollars in fixed expenses. ...
Foreclosure Sites Teams Up With Yahoo!
On April 4, RealtyTrac announced the formation of the redesigned Yahoo! Real Estate Foreclosure Center. The new Web site allows buyers to analyze trends in the foreclosure market and gain a better grasp of this increasingly opportunistic sector. RealtyTrac publishes one of the largest national databases of foreclosure and bank-owned properties. ...
Satellite mapping technology is helping business travelers single out the best-located accommodations
Last month, global corporate housing provider BridgeStreet Worldwide began offering its clients detailed interactive maps of several dozen cities where it manages executive housing units. By using Microsoft Virtual Earth mapping software, the company can give clients high-resolution satellite imagery with aerial views of apartment communities. The software provides an interactive mapping function for points of interest near the apartment communities....
Energy Costs Color Data Center Boom
Propelled by requirements of the Sarbanes-Oxley Act and the Health Insurance Portability and Accountability Act (HIPAA) as well as a surge in Internet traffic, data center development is enjoying a revival ...
CoStar Group has tightened its grip on the commercial real estate data market across the pond
On Feb. 22, Bethesda, Md.-based real estate data provider CoStar Group acquired U.K. digital property platform Propex (Property Investment Exchange Ltd.) for $22 million in a cash/stock deal...
An Internet startup is using wireless technology to help retailers and their landlords boost their bottom line
Last month, Manhattan-based tech firm LBDS unveiled what it calls a “cutting edge” store directory that enables roving shoppers to search for products at nearby malls through their cell phones...
Q & A with Tom Buxton, founder, Buxton Co.
The Buxton Co. knows precisely how much money you’ll spend on retail and where — maybe even before you do...
Apartment owners embrace software technology to drive revenue and services
Post Properties is buoying its bottom line with a high-tech innovation that’s fairly new to the apartment business — revenue management software....
