Orange County on July 28 approved changes meant to help encourage development activity during the pandemic.

The commissioners voted unanimously for county code amendments which allow for companies to defer the payment of impact fees and to exempt the payment of transportation impact fees for change-of-use permits up to $100,000.

That comes as Central Florida residential and non-residential construction starts are down 20% year over year through the month of May, according to a June 25 New York-based Dodge Data & Analytics report, the most recent data available.

The deferment will apply to all types of impact fees, including those collected for fire services, transportation, schools, parks and law enforcement. The fees usually are collected at the issuance of a building permit, but now will be due either by the time a development’s first building receives pre-power or the first certificate of occupancy is issued, whichever comes first.

With the transportation impact fee payment, there will be an exemption for permits issued for change of use, such as if a building was going from warehouse to retail. The $100,000 cap on the exemption means any amount above that point still will have to be paid.

The change-of-use fees account for a small amount of the $30 million-$40 million the county usually collects in transportation impact fees per year, Alan Marshall, assistant to the director for the county’s community, environmental and development services department, said during the July 28 county meeting. Between the past two years, collections of those change-of-use fees accounted for $100,000 to $110,000 on average.

Both of those incentive programs will start Aug. 3 and are set to end July 30, 2021.

The county commissioners on July 7 previously voted to provide $10 million to offset building permits for a six-month period. The policy allows developers to apply for up to $100,000 in building permit offsets per project. That program began July 13 and will end either Jan. 15 or when the funds are expended.

New construction creates jobs, making it an important regional economic driver. The industry employs roughly 90,800 people locally who are paid an average of $15.32 per hour, according to the U.S. Bureau of Labor Statistics.

 

Source:  OBJ

National real estate developer North American Properties (NAP) has acquired 21 acres of land within Titusville's Riverfront Center development at the southeast corner of U.S. 1 and NASA Causeway.

The parcel is located at the entrance to Kennedy Space Center, between aerospace giants Boeing and Lockheed Martin.

Preliminary phase one plans call for multiple buildings totaling 135,000 square feet of traditional office, office warehouse and manufacturing space, plus commercial outparcels to serve the growing area market. This move marks the Cincinnati-based company's first project on Florida's Space Coast, with more to come.

"We see tremendous growth potential in this region, and we're accelerating our plans to meet the demand for industrial space by the vendors and suppliers that serve the defense and revitalized space industries," said Shawn McIntyre, NAP Florida Managing Partner. "We intend to have the first phase of this project designed, permitted and ready to lease within the next 12 months."

Since 1954, NAP has developed more than $7 billion in investments, including 22 million square feet of commercial space and 19,000 residential units in 15 states. McIntyre is currently wrapping up the Cascades Project in Tallahassee, a $150 million mixed-use development spanning two city blocks and featuring mid-rise residential, retail, office and restaurant space, and a 154-room AC Hotel by Marriott. By taking the proper precautions amid the coronavirus pandemic, the project remains set to open later this year.

"Our company has experienced more than 65 years of success in real estate development in part because of the time we invest in researching communities and monitoring trends," said McIntyre. "It's no secret that Florida's Space Coast is growing at an incredible speed and being fueled by companies such as SpaceX, Blue Origin and United Launch Alliance (ULA). We have other properties in the area under contract, and we believe this Riverfront Center investment is only the beginning."

A sizable commercial project is in the works in Brevard County — an area that’s attracting more demand for industrial real estate.

An unnamed developer is under contract to buy roughly 20 acres southwest of Grissom Parkway and Industry Road in Cocoa for a future cold-storage facility, said Mike Moss, vice president of industrial properties with Melbourne-based Lightle Beckner Robison Inc., which is marketing the property.

Moss declined to say who the developer is, but said the site is entitled for roughly 300,000 square feet of industrial space. The project will be called the Brevard Cold Storage Center.

The land acquisition and construction timelines aren’t known for the future build-to-suit project. But these types of projects are in demand across Central Florida as more consumers turn to e-commerce to order products — including food and other things that require cold storage.

“There’s not a refrigerated warehouse in Brevard County of any size outside of the port,” Moss said. “This is going to be state of the art.”

Cocoa-based Grissom Park LLC owns the roughly 20 acres, according to real state research firm Reonomy. The entity paid about $700,000 in January and June 2006 for two parcels of land involved in the deal.

The 300,000-square-foot industrial project may cost $19.5 million to build, based on industry standards.

New construction creates jobs, making it an important regional economic driver. The industry employs roughly 90,800 people in Central Florida who are paid an average of $15.32 per hour, according to the U.S. Bureau of Labor Statistics.

It will be the latest cold-storage facility to open in Brevard County. In August 2018, Bentonville, Arkansas-based retail giant Walmart Inc. (NYSE: WMT) opened a 550,000-square-foot “perishable distribution center” in Cocoa, according to Florida Today.

These types of deals show the growing demand for industrial space in Brevard County, which for years struggled to attract bigger tenants. “That’s starting to change a little bit,” Moss said.

 

Source:  OBJ

Tom Nickley keeps waking up at 2 a.m. thinking about his company's new office space.

That's because he can't stop envisioning the possibilities for his residential real estate firm The Nickley Group's future office in the Cameo Theater at 1013 E. Colonial Drive — the highly recognizable 80-year-old building in the budding Mills 50 district. He signed a deal June 26 to occupy the roughly 4,200-square-foot space later in the year for his 35 or so agents. The Nickley Group is affiliated with Austin-based real estate company Keller Williams Realty.

Billy Rodriguez and Colette Santana represented the Orlando-based landlord, 1013 Colonial Ventures LLC, in the five-year deal, and Mark Arnold, with Keller Williams, represented The Nickley Group. Orlando-based landlord 1013 Colonial Ventures LLC purchased the building for $338,900 in February 2013, according to Orange County records. The space's market value was $522,448 in 2019, records showed.

The space was on the market for less than a month as the Mills 50 area has buzzed with real estate activity in recent weeks. For example, across the street, Anh Chau — owner of Orlando-based Asian Florida Investment Inc. — plans to demolish 723 N. Mills Ave. and build roughly 8,800 square feet of retail and commercial space there.

"All the stars aligned for us," Nickley said. "I believe it was meant to be."

Nickley's firm started looking for a new space roughly a year ago as the company grew. The group's agents sell between 35-40 homes each annually — considered high in the industry — and enjoy being in a physical office environment. In fact, they role play scripts with each other some mornings before making calls.

Nickley heard about the iconic space about three months ago after the then tenant, Snap! Orlando, was considering leaving. Snap! Orlando's founder and Chairman Patrick Kahn — and his wife, Holly, co-curator/exhibition coordinator — had bought a home from one of Nickley's agents. And Nickley had stayed in touch because he planned to do an event at the art gallery this year — and was familiar with the neighborhood's haunts.

"We've been buying pizza from Lazy Moon forever," said Nickley, referencing a nearby restaurant. "That was our stomping ground already."

The site's parking, its patio courtyard and proximity to downtown Orlando made it attractive, Rodriguez said. At least two other restaurant concepts had also expressed serious interest.

"Mills 50 is just getting more and more popular by the day," Rodriguez said.

Nickley plans to move his team into the new office later this year and wants to partner with Snap! Orlando for events. In addition, he aims to open the space up and do other company events there in the future.

He hopes the space's future buildout will capture the building's history. Nickley doesn't want people to see a standard real estate office when they walk inside.

"We want to be the exact opposite."

Source:  OBJ

There’s still more planning and discussion that needs to occur before a 128-acre shuttered Orlando golf course sees a major redevelopment.

That’s according to Jakub Hejl, president of Miami-based developer Westside Capital Group, which has proposed what may become a $1 billion investment in the Rosemont community featuring green space, public art, a city center, new retail and high-end residences. The project would replace the Lake Orlando Golf Club, located at 4224 Clubhouse Road, which closed in 2014.

Hejl told Orlando Business Journal he expects to submit plans to the city of Orlando in July, but didn’t elaborate on a potential construction timeline.

Ultimately, Westside Capital Group aims to double or triple property values in the area in the next decade, according to its website.

“We are early in the planning phase and currently seeking community input,” Hejl said.

That said, Westside Capital Group has already assembled a development team including Maitland-based Charlan Brock Architects; Homestead, Pennsylvania-based GAI Consultants; Orlando-based Lowndes and Winter Park-based Compspring.

In addition, Westside Capital’s related Lake Orlando Land Owner LLC secured the golf course land in July 2019 for roughly $1.8 million, or about $14,062 an acre, Orange County records showed. Florida Land Investments LLC was the seller. The land was valued at nearly $1 million in 2019.

The area has attracted residential and industrial interest in recent years, said Andy Slowik, director of land brokerage at Cushman & Wakefield, who isn’t involved in the deal. In fact, he and Margery Johnson, senior director of land brokerage, recently sold 26 acres south of Rosement to Alpharetta, Georgia-based developer Starlight Homes for a townhome project.

Slowik said the area is attractive due to its proximity to downtown Orlando. In addition, golf courses have shuttered across the region and Florida — the golf capital of the world — in recent years due to overbuilding. That’s given developers opportunities to build new projects on these shuttered courses.

“Golf course redevelopment is certainly a trend across the state,” Slowik said.

 

Source:  OBJ

Fort Lauderdale-based BTI Partners, a real estate developer and land investor, has closed on the sale of a parcel of land in the 130-acre master planned community known as Posner Park.

As the master developer, BTI Partners, and its partners, sold 5.8 acres to Eastwind Development for $2.72 million.

Posner Park is located on US 27 off the I-4 interchange, just southwest of the Orlando Metro area near Davenport, Florida.

Cushman & Wakefield of Florida, LLC, marketed the site and brokered the sale.

Eastwind Development plans to develop the site into a 55+ community that will consist of rental apartments. BTI Partners recently sold 21.5 acres to Posner Group Holdings LLC for $4.1 million; 9 acres to Cadence Partners for $1.1 million; and 18 acres to Wisconsin developer Continental Properties, which is currently building a 288-unit apartment complex in Posner Village. Continental Properties is the eighth largest multifamily developer in the United States. In 2018, it delivered 3,140 new apartments. In 2017, BTI Partners sold 30 of the 130 acres to Intram Investments Inc., a Florida-based real estate development and restaurant investment company. In recent years, the area has seen a residential and commercial development boom as Greater Orlando’s boundaries expand.

“BTI’s flagship investment strategy is predicated on acquiring residential and mixed-use land located in a path of economic growth, with a focus on major MSA’s across Florida,” said Justin Onorato, CIO of BTI Partners. “Our recent land sales at City Center to apartment, vacation townhome and warehouse developers confirm this approach and serves as concrete evidence of the continued maturation of central Florida, specifically in the I-4/US 27 corridor.”

BTI Partners is now selling the last parcel available at Posner Park’s City Center. The remaining 11.4-acre development site, which is situated on nearly 800 feet fronting I-4, is ideal for warehouse clubs type of discount stores, Onorato said. The site’s zoning is flexible and permits a wide range of mixed-uses, including tourist commercial, retail, hospitality and entertainment. Cushman & Wakefield is marketing the property.

BTI Partners is known for acquiring land tracts ideal for master planned communities, managing horizontal development and then partnering with homebuilders for the actual delivery of homes. Since 2010, BTI Partners, with its institutional investors, has acquired or controlled more than 20,000 residential lots and today is a trusted land supplier to several national homebuilders. BTI Partners recently acquired 1,400 acres of undeveloped land located in Osceola County, about 20 miles south of downtown Orlando and west of Davenport.

BTI Partners is also behind The Grove Resort & Water Park, an award-winning condo hotel resort five minutes from Walt Disney World. The Grove consists of 878 fully-furnished two- and three-bedroom luxury vacation homes.

JLL Capital Markets has added Jay Ballard and Ken Delvillar as managing directors focused on multi-housing transactions in its Orlando office.

Ballard and Delvillar have more than 54 years of combined industry experience.

They join JLL from Cushman and Wakefield, where they were executive directors for the Florida Multifamily Advisory Group. Over the course of their careers, Ballard and Delvillar have represented a variety of public and private companies, developers, life companies, pension fund advisors and condo converters on both a regional and national basis and have been involved in more than $6.5 billion of completed transactions.

Ballard is an active member of National Multi-Housing Council (NMHC) and Florida Apartment Association (FAA). He has been recognized as a top broker both in-house and by NAIOP, Costar and Central Florida Commercial Association of Realtors (CFCAR). Ballard is a graduate of the University of South Carolina, Darla Moore School of Business.

Delvillar graduated with a degree in Finance from the University of Central Florida.  He is also an active member of numerous industry organizations, including NMHC, FAA, Apartment Association of Greater Orlando (AAGO) and CFCAR. Additionally, Mr. Delvillar is a Certified Commercial Investment Member (CCIM).

“We are very excited about the opportunity to join the Central Florida JLL Capital Markets team,” Ballard said. “With JLL’s recent acquisition of HFF last year, our ability to tap into their extensive debt and equity capacity by way of their DUS lending and equity platform, will allow us to expand the services we provide to our clients.”

Source:  GlobeSt.

The Small Business Administration has reopened its Economic Injury Disaster Loan program to all small businesses, the agency announced Monday.

The reopening comes more than a month after the SBA quietly closed the program to new applicants, except for agriculture-related companies. The closure, first reported by The Washington Post, sparked a backlash from business groups and lawmakers. The agency at the time had also reportedly lowered the total loan amount available to a small business from $2 million to $150,000.

It is unclear if SBA has lifted the cap as part of the program's revival. We have reached out to the agency and will update this story if we hear back.

The program's return comes after a June 9 letter from a bipartisan group of House members detailed issues with the original EIDL program. The lawmakers said they were disappointed in the closure and called on the agency to both reopen the loan program and lift the lending cap. They expressed concerns that the program lacked transparency or even a way for applicants to track their loans.

"We are also particularly troubled that these policy changes have not been communicated effectively and in a timely way to Congress, borrowers, SBA field offices and Resource Partners. Clear communication of policies and administrative changes is essential for small businesses accessing the funds," the lawmakers wrote.

According to their letter, as of May 30, the agency had made 707,613 economic injury disaster loans totaling nearly $55.8 billion, despite the fact that Congress had provided $50 billion in lending authority to support $366 billion in new lending.

The SBA has since reported about 1.33 million loans approved — for a total of $90.9 billion in total dollars, according to data through June 12.

The loans can be used to pay debts, payroll and other bills — including items not covered in the separate but popular $649 billion Paycheck Protection Program. The disaster loans are offered at a 3.75% interest rate for businesses and 2.75% interest rate for nonprofits.

The EIDL also comes with the chance to apply for a cash advance of up to $10,000. While the loans call for repayment, the cash advances need not be repaid, even for applicants who ultimately don't receive a loan. However, while the loans are tax-free, the tax status of the advances remains unclear.

Source:  OBJ

Hallmark Equity Partners, an affiliate of Park Square Commercial, has closed on a hotel site located within Osceola Corporate Park.

The site was sold for $1,577,000 by Tupperware Brands Corporation and brokered by Robin Webb, CCIM, a principal with Maitland-based COMMERCIAL AMERICA Properties.

According to the developer, the project is anticipated to be developed into a co-branded, 140 unit Marriott franchise featuring a Fairfield Inn and a Townplace Suites.

Osceola Corporate Park is a transportation-oriented development surrounding the Tupperware Sunrail Station, situated on the north side of Osceola Parkway at the Florida Turnpike, fronting Orange Avenue. In addition to the newly constructed Orlando Health project and the future hotel, the approved master plan calls for up to 1,700 multifamily residential units, 180,000 square feet of retail and 60,000 square feet of office space.

By Daniel Levison

The simple answer is ABSOLUTELY. The more complicated answer is it depends on what you are trying to accomplish. If you are primarily a tenant rep agent or brokerage shop, unless you're fortunate to work in a city whose Commercial Board provides a commercial MLS - you will have a difficult time effectively doing your job without CoStar.

However, if your  business is more landlord and/or investment focused there has been an explosion of digital platforms that can provide your brokerage business highly accurate and effective ways to market properties, analyze individual properties and help determine property values.

In this first part of our two part series we will explore marketing and technology platforms available to help the CRE industry in addition to Costar, Loopnet, Cityfeet and TenX.

We have identified what we believe to be the best in class digital platforms that can provide an alternative to the 900 pound gorilla in the industry. However, we have excluded platforms, such as Squarefoot, Truss and Instant Office where you are required to use a broker from their organization when accessing their platform.

There are several factors to consider when evaluating marketing software solutions. Sharplaunch, one of the platforms listed below, wrote a comprehensive blog providing insight on the critical factors to consider.

Below, in alphabetical order, are the digital platforms we discovered.

Adobe

Adobe’s platform provides clients the ability to create, manage, and deliver personalized marketing programs which can include emails, websites, and mobile access. With their proprietary applications Marketo and LaunchPoint clients can create personal  experiences for their potential customers.

Adobe cloud brings together all of your marketing technology in a single place, from managing your content and delivering email campaigns to automating your ad buying and measuring your success. One integrated approach for a seamless user experience.

Clients have the following functionality:

●       Create, automate and measure campaigns across channels

●       Identify the right target accounts using data and AI

●       Engage customers with relevant conversations in minutes

●       Integrate social to find customer and make them advocates

●       Target the right customers with personalized display ads

●       Interact dynamically with customers on your website

●       Marketing analytics

Buildout

 With Buildout clients can create marketing documents without repeatedly updating property information and designing individual pieces manually. Buildout’s platform automates your company proposals, OM’s, brochures and flyers with your company’s customized branding.

With Buildout updating  information is instantaneous to all your marketing materials, website, proposals and emails. Information can be shared with prospects and owners seamlessly as well as sharing floor plans and site plans with interested prospects.

Clients have the following functionality:

●       Instantly generate websites with customized URLs

●       Quickly and easily share property information and acquire prospects.

●       Automated updating of major third-party listing sites.

●       Editable site plans integrated with Buildout’s centralized property database, allowing making changes to site plans is easy and efficient

biproxi

biproxi defines itself as the modern commercial property listing platform for sales & marketing. Biproxi’s platform provides clients with access to the most innovative digital marketing tools and a global database of owners and buyers allowing you to get more leads and manage your deals in one central location. 

The biproxi team of digital marketers, designers and CRE professionals create digital building campaigns streamlining the connection between buyers and sellers. 

Biproxibid,  a recently announced new service through a strategic partnership with The Future of Real Estate (FRE), With  flexibility and a multitude of customizable options, biproxibid give control back to the brokers throughout the entire bidding process.

Clients have the following functionality:

❖     The platform provides full-color 3D floor plans

❖     Drone piloted high definition aerial video clips

❖     Photo packages include enhancements to blue sky and green grass 

❖     Virtual staging of furniture and modern decor into spaces

Brevitas

Brevitas is a nationwide commercial real estate marketplace focused on investment sales and leasing. It provides marketing software for brokers and agents, including outbound email marketing, landing pages, and secure deal rooms. 

Clients have the following functionality for commercial properties:

❖     National coverage for buyers and sells

❖     Search for Hospitality, Industrial, Office, Residential - Multi-Family, Retail

❖     Provides marketing software through outbound email marketing, landing pages, and secure deal rooms.

Catalyst

Trusted by over seventy realtor associations, hundreds of economic development communities, and thousands of CRE brokerage firms Catalyst has nearly twenty years of commercial real estate data experience in over 50 markets across North America. Commercial Exchange is Catalyst’s national marketplace and brings together listings from Catalyst

Clients have the following functionality:

❖   Access a fully-researched database of sale/lease listings, comparables, and off-market properties

❖   Add an unlimited number of property listings

❖   Expose listings to a national audience on CommercialExchange.com

❖   Send and receive broadcast email

❖   Create detailed, customizable reports

❖   Access quarterly market trends and analytics

❖   Display your commercial property listings on your company website, driving traffic to your site and generating leads.

❖   Create e-brochures for your property listings and send to a network of thousands of brokers, investors, owners, and tenants.

Commercial Cafe

CommercialCafé is a commercial real estate internet listing service, part of Yardi’s family of platforms. Listings on their website gain immediate exposure across the entire network. Listings available on CommercialCafé include all commercial real estate property categories, such as office space, industrial space, retail space for lease and for sale.

Clients have the following functionality for commercial properties:

❖     More than 125,000 spaces nationwide

❖     Browse commercial and coworking spaces across the country

❖     Exposure for your coworking spaces

CIMLS

CIMLS, the Commercial Investment Multiple Listing Service, has provided property information to CRE professionals since 1999. The MLS platform for commercial real estate listings and advertising features all facets of commercial property.The service has in excess of 370,000 registered members and $500+ billion in available properties.

A basic plan is free and allows you to submit listings to the site, or you can upgrade to a gold membership which allows you to include additional images, documents, and lead generation tools in your listings.

Clients have the following functionality for commercial properties:

❖     Access to over 660,000 Commercial Properties For Sale and 131,000 Commercial Properties For Lease 370,000

❖     Ability to upload images at the click of a button

❖     Ability to drag the street view camera and edit pages to customize the view from the street for your listings without taking pictures yourself.

❖     Features such as viewing listings, searching, and managing your account, among others, have been updated to be mobile friendly.

Craigslist

Created in 1996, Craglist is a web-based platform for classified advertisements with sections devoted to jobs, housing, for sale, items wanted, services, community service, gigs, résumés, and discussion forums. For smaller suites and coworking space

Craglist has provided us with very favorable returns on our efforts for smaller suites.

CREXi

Determined to create a platform needed in the industry, the co-founders built and launched CREXi in 2016. From launch, CREXi developed marketing automation tools, analytics, and a secure file storage system into a robust broker suite that leads CRE into the digital age.

Their online auction service provides a portal to virtual buyers and sellers. CREXi powerful CRE tools to list, manage, and effectively market your listings can also be added to their platform through their personal white glove service.

Clients have the following functionality:

❖     List unlimited properties on the marketplace for free

❖     Create, send, and track marketing campaigns directly from our platform

❖     Access in-depth listing data, lead tracking, and tools to manage your day-to-day.Data and Analytics

❖     Get real-time activity and actionable insights on your properties

❖     Leverage communication and collaboration tools to effectively reach out to buyers and brokers in the marketplace

❖     Auction Properties through their proprietary database of 400,000 qualified buyers

❖     CREXi’’s team handles every part of the auction process. From due diligence documents, verifying proof of funds, live bidding, and the closing process  

LDCRE

Leavitt Digital (LDCRE) is a free Commercial Real Estate Listing Distribution Platform, providing CRE Listings to 500 news websites around the globe. LDCRE enables brokers and owners to increase local and global reach on listings through their national and international listing syndication platform. 

Clients have the following functionality:

❖     LDCRE is free to list and search commercial real estate for sale and lease.

❖     LDCRE’s listing syndication powers the Commercial Real Estate sections in 500 news websites around the globe

❖     Listings are broadcast across 35 countries globally 

❖     Only accessible to direct principal investors and users whom register with LDCRE Investments

OfficeSpace.com

Biproxi, an end-to-end commercial real estate platform, acquired OfficeSpace.com earlier this year. The acquisition will allow biproxi to consolidate all of its commercial real estate (CRE) data and listings on the OfficeSpace.com website, which markets itself  as the second-largest CRE listing site in the U.S.

Clients have the following functionality:

❖     Access to over 570,000 listings, and is visited by over 350,000 buyers and tenants every month

❖     OfficeSpace.com has historical data on over 1.7 million listings reaching back over 15 years.

❖      OfficeSpace.com 's online property database is available to search for free and without any restrictions

ProspectNow

ProspectNow creates a proprietary machine learning model that accurately predicts which properties are most likely to sell or refinance. Clients are also provided the ability to contact principals of buildings, businesses and organizations through theplatform.

Clients have the following functionality for commercial properties:

❖     Search over 40 million commercial properties

❖     Search by owner, size, property type, preforeclosures

❖     Names, emails, and phone numbers for property owners

❖     Detailed property characteristics

❖     Loan maturity dates

❖     Predictive analytics for finding likely sellers

Clients have the following functionality for commercial business:

❖     Search over 14 million commercial properties

❖     Search by number of tenants, estimated rents, SIC/NAICS code

❖     Names, emails, and phone numbers for decision makers

 Clients have the following functionality for commercial business:

❖     Search over 15 million LLC’s and corporations

❖     Search by LLC name or managing member name

❖     Names, emails, & phone numbers for LLC managing members

❖     Uncover hidden details about complete portfolio ownership

PropertySend

This CRE marketplace platform allows brokers, buyers and owners to both list and advertise their properties on the platform with a free search feature for site viewers. The platform covers the spectrum of commercial spaces from office, sports & entertainment, industrial, land, and retail. 

Clients have the following functionality for commercial properties:

❖     Instantly reach over 120,000 commercial buyer, brokers, owners, agents and developers

❖     Easily create highly effective email blasts utilizing the platforms templates or your own PDF’s and use custom HTML links

❖     Schedule custom email blast to the platforms database of 120,000+ contacts

❖     Get instant access to real-time analytics on your email blast has been sent.

RealNex Marketplace

The Marketplace is part of the suite of products offered by RealNex. With over 250,000 listings in their database marketplace can provide effective exposure for your company's listings.

Clients have the following functionality:

❖     Create and share unlimited Watch Lists with Clients

❖     Run emarket campaigns to your private database or RealNex’s community

❖     Monitor listing performance metrics with their advanced analytics

❖     Streamline workflow with RealNex’s data integration across their platform 

❖     Sophisticated mapping and data overlays

❖     Custom branded marketing materials

RealDash

RealDash is an all-in-one software platform that streamlines the deal process for commercial real estate professionals.The RealDash team is composed of technology and real estate experts who have created a cutting-edge, cloud-based platform that manages all aspects of commercial real estate.

Clients have the following functionality:

❖     Fully customizable for brokers, investors, owners, lenders, and the

❖     Connects clients with a growing verified network of over 50,000 active owners, buyers, tenants and lenders

❖     Automating processes and maximizing the effectiveness of your marketing team and materials

Real Capital Markets

Real Capital Markets (RCM) is the global marketplace for buying and selling commercial real see. RCM, one the suite of products offered by Lightbox CRE,  increases the speed, exposure, and security of CRE sales through its streamlined online platform.

Clients have the following functionality:

❖     Integrated property marketing

❖     Transaction management, and business intelligence tools

❖     Auction properties through their proprietary database of qualified buyers tracted in excess of 40+ years

Real Massive

RealMassive works with economic development offices, large brokerage companies while also scraping websites to add available properties to their marketplace. Currently RealMassive has in excess of 300,000 for and lease listings on their platform.

Clients have the following functionality:

❖     Adding your listing to the RealMassive Marketplace is free

❖     Get the most up-to-date commercial real estate listings on your website using the industry’s largest GIS software providers

❖     Listings are updated in real-time and delivered directly to your website weekly

❖     Access up-to-date market data and information to determine the best price for your specific property based on your unique goals.

❖     Real-time data solutions allow clients to analyze property performances compared to the market so you can update your pricing based on the latest trends 

Real Insights Marketplace

Real Insight’s Marketplace is an online commercial real estate auction platform that purports to have the highest sell-through rate in the CRE industry. Marketplace was launched in 2017 by a team of commercial real estate professionals whose goal was to create a better way for CRE investors, brokers, and property owners to connect and efficiently list, market, and close CRE deals online.

Clients have the following functionality:

❖     Marketplace Listings

❖     Custom Auctions

❖     Absolute Auctions

RealtyZapp

RealtyZapp is a multi-feature real estate platform, allowing users to manage their listings, prospects, email campaigns and social media marketing all through one dashboard. RealtyZapp offers three packages for customers - Agent, Power Agent, Super Agent.

Clients have the following functionality for commercial properties:

❖     Targeted marketing, prospect management, brand consistency

❖     Listing Optimization through SEO

❖     Automated and targeted email campaigns

❖     Update listings and your website remotely on phone and table along with social media profiles and flyers

Rofo

Rofo helps tenants, property owners and investors access to search for office space, industrial properties, retail, land, multi family, and hotels. The platform offers coverage from more than 4,200 cities, totaling 1 billion square feet. Rofo promotes their platform as the easiest way to connect properties with end users and investors. The platform has two membership plans, a tenant and buyer rep plan, and a property advertising plan.

Clients have the following functionality for commercial properties:

❖     Through the tenant tenant rep plan agents get introduced to tenants and buyers as they begin their search for properties

❖     Reach active tenants and brokers in the market through targeted marketing

❖     Clients portal to manage all active opportunities and posts including property listings, leads received, recent tours, completed client engagements, and any active commercial real estate requirements

SharpLaunch

SharpLaunch promotes itself as the all-in-one digital marketing platform for commercial properties. It provides an easy-to-use suite of marketing tools specifically built for owners, asset managers, and brokers who want to improve asset visibility, streamline marketing activities and save time.

From confidentiality agreements to property presentations, offering memorandums and prospect activity, you can set permission sets and organize customized files with their  platform providing maximum efficiency in your company’s marketing efforts.

Clients have the following functionality:

❖     Create property websites - customized with your logo and branding colors, your website includes everything to feature key building information property description & specifications, amenities list, interactive photo gallery, google map integration and floor plans

❖     The platform’s property search engine displays property listings with a private “white label” 

❖     Interactive maps built on top of Google maps technology offers users the best interactive experience

❖     Marketing Analytics - Comprehensive marketing dashboards provide key analytics on listings 

❖     Email marketing provides unlimited email campaigns with professional designed templates and provides the ability to track the activity of your users and prospects

❖     Online document portal simplifies and securely uploads property documents allowing sharing with your prospects and clients.

Total Commercial

TotalCommercial.com is a full-featured commercial real estate listing service and has been providing commercial real estate listing information online since 1995.  

Clients have the following functionality:

❖     There is never any cost for anyone to search properties

❖     Listings are only accepted from real estate licensees

❖     All listings are warranted by the agent to be exclusive listings

❖     Each listing must be re-validated every thirty days to keep the information up-to-date

❖     Listings include unlimited photos and attachments

Truvia

Owned by VTS who powers over 12 billion square feet of commercial space in North America. Truvia plans to release their marketplace platform in the 4th quarter of 2020.

Truva partners with landlords to ensure all spaces that are listed are available and have the most accurate information. Unlike other marketplaces, VTS is pulling all key users into one environment to easily search and transact on CRE space. Truva is FREE for verified tenant rep brokers to use to search for a space for their tenants.

Clients have the following functionality:

❖     Transparency - Every space on truva comes straight from the source

❖     High quality digital content (photos, videos, floor plans)  

❖     Accuracy - truva is built on top of VTS, the industry standard for inventory and deal management system. Listings come straight from the core platform

❖     The platform will intuitively search for space, connect with owners/agents, even schedule your tours.

42 Floors

42Floors, a Knotel owned subsidiary, is an online platform that specializes in commercial listings, subleases and coworking spaces in New York City, though the site does offer listings throughout the United States.

The platform can be looked at as a listings website for workplace properties—with office, retail, industrial, medical, and restaurant properties.  

Clients have the following functionality for commercial properties:

●       Search 1000s of commercial spaces by size, location, and price.

●       The platform is free for CRE professionals to add their listings

●       Options of added features and exposure by upgrading to the elite property plan

●       Platform also includes available coworking space

Marketing Options Through CRE Trade Associations

CCIM

The CCIM designation is for those who want to set themselves apart as the expert in their company and their market. The CCIM designation is conferred upon commercial real estate leaders who have a proven record of success in the field and have demonstrated a mastery of financial, market, and investment analysis.

DealShare -Share your available properties and your clients needs through the CCIM member    network.

STDB - For more than 15 years, STDB, the Site To Do Business, has been providing CCIM members with access to some of the most advanced technology tools in the commercial real estate industry. Working closely with Esri, STDB has catapulted to the next generation of geographic information systems this year.

With the application users can:

❖     Get up-to-date demographic data, such as age, income, education, home ownership, lifestyle, and spending habits.

❖     Create comparative data to grade sites against varying criteria or against any other U.S. location.

❖     Use the GPS to analyze an area within one mile of the user’s current location.

❖     Use Smart Maps to immediately determine if a location fits a given list of criteria.

DatabaseUSA

DatabaseUSA is the leading provider of full-service database and email marketing solutions. With detailed information on over 15 million businesses and over 260 million consumers

DatabaseUSA promotes to customers they provide the most accurate business database in the industry. Through the company's triple-verification process its database of 15 million businesses has taken the database industry one step further by offering a more sophisticated database.

SIOR

The Society of Industrial of Office & Industrial Realtors  is the leading global professional office and industrial real estate association. With more than 3,400 members in 686 cities and 38 countries, SIOR represents today's most knowledgeable, experienced, and successful commercial real estate brokerage specialists.

SIOR Connect allows members to easily share business opportunities, promote listings, generate inquiries, and connect with peers. The system generates a custom email address that contains a targeted list of members who have chosen to receive your message. 

NAR - RPR

Realtor Property Resource or the RPR is a benefit for members of the National Association of Realtors or the NAR. A realtor who is a member of the NAR receives online access to comprehensive real estate market data, analytics and reports for each of NAR's constituencies

Best Blogs on CRE Technology

To stay abreast of the technological innovations in the world of commercial real estate the following blogs offer intelligent and comprehensive  access to all things technology happening in the CRE industry.

CRETech

CREtech is where the commercial real estate industry comes to discover all things tech. Our mission at CREtech is to connect the commercial real estate and tech sectors, bringing a new age of innovation and growth to the industry.

DukeLong

Provides a direct insiders insight on all things in the world of commercial real estate technology

JLL Spark

JLL Spark is a strategic global venture fund investing in startups transforming commercial real estate through technology.

Propmodo

Introducing Blueprint, CBRE’s new global online magazine dedicated to telling timely and insightful stories on the trends, influences and ideas shaping our world, told through the lens of the built environment

FifthWall

Fifth Wall Ventures, founded in 2016, is a venture capital firm focused exclusively on real estate technology. It is the largest fund specialized in real estate technology, also known as "prop tech."

Author: Daniel Levison - Chairman CRE Holdings (Atlanta Investment Properties, Commercial Property Consultants, CommissionTrac, Sharedspace)