Tech Edition News Roundup
Coming to a PC Near You: Real Estate Auctions
In the era of eBay, when virtually any tangible object is sold over the Internet, commercial real estate investors are beginning to give online auctions for income-producing properties a serious look....
New software makes green building easier
New technology, called building information modeling (BIM), is making it easier and cheaper to develop new buildings, especially ones using green, sustainable principles. ...
Q & A With LoopNet’s Richard Boyle
Richard Boyle is on a quest to draw more brokers, investors and tenants into the bustling commercial real estate marketplace known as LoopNet (NASDAQ: LOOP). His 10-year-old company, which raised $72 million in its June IPO, now boasts one of the largest online listing databases for commercial real estate. Shares hit the market at $12 per unit and hit nearly $20 in early July. But during early morning trading today, LOOP shares were hovering around $10.70 (below their offering price). ...
Real estate blogs slowly netting readers
In the past few years, as prices for residential real estate surged, more than 1,000 Web logs (better known as blogs) have cropped up, offering advice (expert or not) on all aspects of buying, selling and making money from home sales. They range from Property Malaysia to this sign-of-the-times site: Housing Panic - The Bubble Blog with Attitude. ...
Q & A With Sperry Van Ness' David Frosh
For the past five years, David Frosh has served as president of Los Angeles-based investment brokerage firm Sperry Van Ness. Formerly president of CAM Commerce Solutions, a publicly traded software development company, Frosh has a unique perspective on the technology challenges facing the real estate industry. He recently spoke with NREI about how homegrown technology is helping more than 650 Sperry Van Ness brokers close more deals and his plans for the company’s technology platform....
High-Tech Lobby Makeover
A growing number of Class-A office owners in big cities like Dallas and Manhattan are using digital signage to spiff up their lobbies, improve service for tenants and visitors and, in some cases, to create revenue....
Pleasing Guests, Cutting Costs
When the travel and tourism business cratered in 2002, following the recession and the 9/11 attacks, hotel operators noticed something. The vacationers and business travelers who were still planning trips were making greater use of online reservations systems and demanding more do-it-yourself options from hotel operators. The chains that were paying attention made major technology upgrades during the lean years to accomplish two things: build customer loyalty and wring out costs. Now those initiatives are starting to pay dividends in a booming travel industry....
Vendors Fish For Smaller Lenders
In 2005, mortgage lenders spent $3.6 billion on technology, an increase of 8% over the previous year, according to a study by Mortech, a Guilford, Conn.-based research firm that focuses on the mortgage industry’s use of technology. That’s respectable growth, but there is a detail that Mortech founder Jeff Lebowitz says should provide cause for concern and, perhaps, an opportunity: Most of the sales were to the largest mortgage banks — tech vendors continue to focus on the 70 large institutions that complete 80% of all originations. ...
Beyond Locating Promising Corners
Site selection technology has come a long way. No longer a simple marriage of maps and demographic data, the technology today arms users with the information they need to make smart business decisions. ...
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