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Yardi Systems, Inc. is the global leader in the design,
development and support of browser-based asset & property management
software for commercial, residential and real estate investment markets
worldwide. More information about Yardi products and services may be
found by visiting www.yardi.com.
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PEOPLE
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Q
& A With LoopNet's Richard Boyle
By Parke M. Chapman
 Richard Boyle is on a quest to
draw more brokers, investors and tenants into
the bustling online 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).
With $335 billion in commercial real estate listings, LoopNet's
total number of registered members reached 1.4 million at midyear in a
57%
increase over the midyear 2005 level. LoopNet president and CEO Boyle
recently
spoke with
NREI technology editor Parke Chapman on how LoopNet is leveraging its
IPO to
fund new technologies and lure more real estate players into the
digital fold.
Read
full story here.
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MARKETING
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Real
Estate Blogs Slowly Netting Readers
By John Egan
 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.
But when it comes to the commercial real estate,
the industry seems to be stuck in the fax age. According to
Technorati Inc.,
a blog-tracking company, more than 50 million blogs are on the Web;
less
than two dozen are dedicated to commercial real estate, estimates
blogger Todd
Clarke,
CEO of American Apartment Advisors Inc., based in Albuquerque,
N.M.
Clarke and
other bloggers, however, see great potential for the communications
and marketing
technology in commercial real estate and predict that more companies
will enter the blogosphere. As the market becomes more challenging,
investors
will turn to blogs to collect additional insight and timely
information to
help them find lucrative deals, they say. Read
full story here.
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IN PRINT
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An
Invisible Threat
By Parke M. Chapman
 Within the
past few months, FBI officials have foiled early-stage
terrorist plots
to detonate explosives at the Sears Tower in Chicago and Manhattan's
Holland
Tunnel. One overriding fear, however, is that future attacks will
employ nuclear,
biological and chemical (NBC) agents.
The problem is that most commercial properties are ill-equipped to
thwart NBC
attacks, which are also excluded from terrorism insurance policies.
This exposure
has underscored the value of high-tech detection devices that can
sniff out NBC
substances before they contaminate an entire building.
"There is certainly growing pressure to include NBC threats as part
of a standard terrorism risk insurance policy," says Janice
Ochenkowski,
managing director at Chicago-based Jones Lang LaSalle. "The Treasury
Department will issue a report in September on TRIA [Terrorism Risk
Insurance
Act of 2002], and one of the required questions deals with NBC threats."
Read
full
story here.
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Visit the NREI Bookstore
The NREI Bookstore offers best sellers and bargain buys on a range of
hot topics relevant to retail real estate professionals. For
information and ordering visit www.thebook-store.com/nreionline
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WE WANT TO HEAR FROM YOU!
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