A Predictive CRE Property Price Index: the Holy Grail of Indices

I’ve been getting a little heat from folks at CoStar and others after my “Has Reaction Web Been Forgotten” post: While most in the CRE biz enjoy a little CoStar bashing every now and then, that was not my intent. Instead, it was to suggest that there is a HUGE opportunity for CoStar to collect even more, very valuable data, in an efficient manner through their 2003 patent and the expertise of Reaction Web’s team. Allow me to explain. By definition, every sale comp is historical. In other words,…

Has Reaction Web Been Forgotten?

Its been about 6 months since CoStar’s acquisition of Loopnet and we’re beginning to see the writing on the wall as to CoStar’s plan: CoStar Seeks to dump old Loopnet Space in San Francisco CoStar Group is putting the former LoopNet headquarters at China Basin up for sublease, but so far is not answering any questions about where, if anywhere, it plans to move the workers housed there. There is an interesting (but somewhat disjointed) conversation on LinkedIn about what will happen to Loopnet a…

Analyze a lease proposal on an iPad with LeaseMatrix

While lease analysis software is still dominated by proprietary Excel models or Excel add-ins like ProCalc, web-based analysis tools are making major advancements. For instance, using LeaseMatrix, users can analyze commercial leases in under 2:30 minutes… on an iPad. Check it out:

When was the last time you completed a lease analysis in 2:30 minutes using an Excel model?

A great way to end 2012: CCIM’s Top CRE Tech Blog

A small group of us started The CRE App Review in January of 2012 with the goal of becoming the go-to source for all things CRE tech related. We all had something in common: the desire to encourage an increase in technological adoption throughout CRE. It is widely know that CRE is notoriously slow to adopt new technology, so we knew we were taking a leap of faith that there were others out there with the same desire and interest. The CRE App Review was just voted the Top CRE Tech Blog for 2012 b…

Are you a CRE dinosaur? Here’s how to find out.

Commercial real estate continues to be dominated by CRE dinosaurs. What is a CRE Dinosaur? You might be a CRE Dinosaur if: You regularly ask that documents be faxed to you You just bought another BlackBerry “smart” phone You ask your assistant to “MapQuest” directions for every offsite meeting When you say, “I need to check my files” it means you are going over to a file cabinet If you’ve recently done one of these four things, it is time for a change. For the dinosaurs willing to take the plu…

News aggregation apps are getting better and better and probably heading closer to extinction along the way.

QSView: Instant Google Street View

We’ve posted on Google Street View before, but just ran across this app last night. QSView allows you immediately generate a view like the one below, in a full web browser.   View this in QS View…

Five Must Have Apps for Leasing Brokers

We’ve done a must have list for investment brokers and figured it was time to do one for leasing brokers, too. Here are some of our favorites: 1. Ten Eight App: The Formula for Decisions. Ten Eight is a groundbreaking mobile web app that allows tenants and brokers the ability to rate office buildings while on tour and compare scores side by side based on a person’s chosen weighted preferences. The design of the app captures live data from tours and sets out to revolutionize the way tenants, brok…

CompStak: Crowd Sourced Lease Comparables

Compstak has gotten a lot of great press latest, including coverage in Bloomberg, The Wall Street Journal and TechCrunch. From their CrunchBase profile: CompStak uses a crowd-sourced model to gather real estate information that is hard to come by, difficult to compile, or otherwise unavailable. CompStak’s wedge into the market is a platform for the exchange of commercial lease comps. Brokers, landlords, appraisers and researchers use their site, and submit comps on completed commercial lease tra…

Hurricane Sandy: fake news and the downside of social media