A national hotel chain has implemented new hospitality software as a way to boost revenues and lower operating costs.
Last week, Extended Stay Hotels announced plans to use new business intelligence software designed by Aptech Computer Systems at its 681 properties. ...
High-definition flat screen monitors are becoming fixtures in the lobbies of many major office buildings.
In January, Office Media Network (OMN) announced agreements with 11 new partners -- among them HRPT Properties Trust and the Chicago Board of Trade Building -- to install streaming monitors in more than 90 office buildings throughout the country...
Q&A with Michael Mockus, managing partner, Reaction Web
Littleton, Colo.-based Reaction Web has devised a cookie-based technology that uses unique visitor “identifiers” to give Web property-marketers a better picture...
Tech Edition News Roundup
Q & A with Building Engines CEO David S. Osborn
Building managers often lack the simple tools they need to effectively respond to broken elevators, leaky pipes and the other day-to-day operational challenges they need to address to keep their tenants happy and overhead costs low. ...
High-tech Park May be Model for the Future
A former soybean field in northern Illinois offers a glimpse at what could be the future of high-tech office, research and industrial park development....
Consolidation Thins the Ranks of Commercial Real Estate Software Firms
In late November, two large software companies that service the global commercial real estate market agreed to merge. Realm Business Solutions of Houston and London’s Circle Software both offer software and data geared towards automating the many transactions and day-to-day complexities of owning commercial real estate. ...
Selecting the Right Submarkets to Buy Apartment Properties May Soon be One Click Away
Later this month, Oregon-based company Map Advantage will release an online tool that enables investors to quickly pinpoint the economic and demographic profiles of myriad submarkets. Founder and Map Advantage President Paul McMahon, formerly a realtor, says that Map Advantage’s Submarket Analyst suite provides investors with thematic maps based on U.S. Census per capita income values. The values are broken down into nine different categories that detail the upper, middle and lower class income blocks via A, B, and C ratings. ...
Mixed Bag Of Technology Aids Mixed-use Developers
Change orders are a headache for any real estate developer. For a mixed-use developer, however, those headaches can become migraines given the juggling act of managing various office, residential and retail contractors and subcontractors. One change order that slips through the cracks can add up to millions of lost dollars....
Q&A with MindBox president and CEO Richard Barfus
In the not-so-distant past, all the paper-shuffling and number-crunching produced by a mortgage origination could draw out the process to two months, bogging down loan departments and frustrating applicants. Fast-forward to the present and the process has been winnowed down to 48 hours or so, thanks to innovations created by mortgage-technology companies such as Greenbrae, Calif.-based MindBox....
Tech Edition News Roundup
Q & A with Peracon Network’s CEO Brian McGowan
Over the past few years, more than $100 billion worth of assets has been sold through the Peracon Network, an online platform used by more than 120,000 professionals and 50,000 organizations involved in buying, selling and holding commercial real estate. The network serves as a single location for all information related to asset acquisition, financing, due diligence, asset disposition and ongoing investor relations reporting. Via the Internet, real estate professionals can exchange information in a secure environment – offering materials, due diligence information, and closing documents....
Building Owners See the Light By Increasing Use of Solar Power
Spurred by declining costs to produce solar power and an increase in state and federal incentives for adopting the energy source, search-engine giant Google Inc. and other property owners are turning to solar power for their energy needs....
Instant Messaging Gives Brokers An Edge
Forget those up-to-the-minute football scores or text messages from your brother. A growing number of brokers working in the New York metropolitan offices of CB Richard Ellis are using their mobile wireless devices to retrieve up-to-the-minute market data that could mean the difference between winning and losing a deal. ...
