2008 CPN Goldbook - (Page 40) INFORMATION & TECHNOLOGY PROVIDERS ARGUS Software Inc. In September 2007, Houston-based real estate software developer Realm Business Solutions changed its name to ARGUS Software Inc. The firm also rolled out four new products: ARGUS Enterprise helps manage data across multiple systems and projects, ARGUS Development Budget links development systems with construction costs, ARGUS Lease CRM manages lease renewals and tenant relationships and ARGUS Zone is an informationmanagement system. well as multi-family, specialty properties, land and businesses for sale. The LoopNet marketplace features more than 535,000 listings, including over $425 billion worth of property available for sale and 3.7 billion square feet of space for lease. Real Capital Analytics Inc. Research and consulting firm Real Capital Analytics Inc. focuses exclusively on the commercial real estate investment market. In addition to collecting transactional information on current property sales and financings, it analyzes and interprets the data, providing insight into the dynamic capital environment for real estate. The company also publishes “Capital Trends Monthly.” The firm was founded in 2000 and has offices in New York City and San Jose. It recently expanded its coverage to overseas markets. CoStar Group Inc. CoStar Group Inc.’s suite of services offers Internet access to a comprehensive database of information on commercial real estate in the United States, the United Kingdom and France. The company is headquartered in Bethesda, Md., and employs 1,300 people. It offers a comprehensive commercial real estate database of more than 2 million ANDREW FLORANCE properties, representing more than President & CEO CoStar Group Inc. 38 billion square feet of inventory and over 760,000 for-sale and for-lease office, industrial, retail, apartment and land listings. Data includes available space, existing-tenant information, occupancy history, zoning, asking rents and sale prices, ownership type, vacancy rate, maximum contiguous space, typical floor size, year built, elevators and parking. Reis Inc. In May 2007, Reis Inc. merged with real estate merchant banking firm Wellsford Real Properties Inc. The new company began trading on the NASDAQ Global Market in November. It offers national commercial real estate data on the office, apartment, retail and industrial sectors. Its flagship product, Reis SE, provides online access to information and analytical tools that facilitate debt and equity transactions. In addition to trend and forecast analysis at the LLOYD LYNFORD neighborhood and metropolitan levels, Co-Founder & CEO Reis Inc. the product offers detailed, buildingspecific information, such as rents, vacancy rates, lease terms, property-sale information, new-construction listings and property-valuation estimates. Reis continues to expand the range of its surveillance services and in August 2007 added 35 markets to its apartment sector coverage. Intuit Real Estate Solutions Intuit Real Estate Solutions develops property management software solutions—including MRI Commercial, MRI Residential and MRI Corporate—for the global real estate industry, serving companies that own, invest in or manage real estate. The company has more than 4,500 installations in 41 countries on five continents. Additionally, it offers a solution that enables real estate organizations to maximize their portfolio values by streamlining the flow of data into ANDREW RAINS numerous automated processes to delivVice President-Global Sales Intuit Real Estate Solutions er up-to-date strategic portfolio planning and management. In March, the company plans to launch a new cash-flow/budgeting tool that automates the once primitive process for creating, sharing, tracking and approving asset and portfolio budgets. SS&C Technologies Inc. SS&C Technologies Inc. provides software solutions for commercial lending and property management that respond to the demands that the market places on lenders, financial institutions and mortgage-servicing companies. The company also delivers mission-critical software and services to the global financial services market, supporting the front-, middle- and back-office processing needs of professionals. Yardi Systems Inc. Yardi Systems Inc. experienced 30 percent global growth in 2007, with the most significant increases in the asset/fund management and commercial markets. In addition, the number of clients storing their data through the company’s application service provider hosting service almost doubled. Due in large part to the release of its updated integratTERRI DOWEN ed software suite, Voyager Commercial, Senior Vice President Yardi Systems Inc. the company expects to continue its growth in 2008. Yardi employs more than 1,100 people in North America, Europe and Asia and plans to open offices in China and Japan and a data center in each of the United Kingdom and Australia during 2008. LoopNet Inc. LoopNet Inc. surpassed 2.5 million registered members, more than any other commercial real estate service, in November 2007. Its membership has grown at an annualized rate of more than 50 percent per year for the past two years. In 2007, the company acquired CityFeet.com, a New York City-based commercial real estate listing service. Richard Boyle Chairman, President & CEO LoopNet covers the United States and LoopNet Inc. Canada and all commercial property categories, including office, industrial, retail and hotel, as 40 Commercial Property News 2008 Goldbook
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