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How Technology & the Internet have Affected
Commercial Real Estate
Welcome to Weinstein Realty Advisors' first monthly E-Newsletter, highlighting
various issues affecting commercial real estate. May 2001 focuses on How
Technology and the Internet have Affected Commercial Real Estate.
Future issues will highlight real estate appraising, expert testimony, finance,
management, leasing, property taxation, retail, offices, industrial,
hotel/motels, golf and recreational, multi-family, commercial real estate
trends, specific real estate markets in Pennsylvania, federal regulations
affecting real estate or other various timely real estate topics. Your
suggestions are invited.
Three articles from leading real estate journals: The Institute of Real Estate
Management (IREM), Certified Commercial Investment Member (CCIM) and the
National Association of Industrial and Office Parks (NAIOP) shed light on this
topic.
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Technology and Real Estate: Past, Present and Future;
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The Internet Rewrites the Rules for Brokers;
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Despite Internet's Lure, Deals Are Struck the Old-Fashioned Way.
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Technology and Real Estate: Past, Present and Future - Commercial real estate
has become less important to the economy than high technology...The biggest
benefit of technology as it relates to real estate revolves around its ability
to make us more efficient...real estate firms need to create their internet
opportunities from their company's strengths, not weaknesses...those real
estate firms that will succeed in the New Economy will be those that reposition
themselves to provide value added services to their clients and customers.
http://www.irem.org
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The Internet Rewrites the Rules for Brokers - Clearly, the Internet has changed
how commercial real estate is leased and sold...the Internet will provide
better and faster information without eliminating the need for brokers, but the
other side is that brokers' roles - and fees - will change...the web has added
a new dimension to commercial real estate marketing and sales...those at small
companies can compete more successfully with large firms.
http://www.ccim.com/JrnlArt/20010401.htm
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Despite Internet's Lure, Deals are Struck the Old-Fashioned Way - while
commercial e-oans may be only a pipedream, the Internet continues to hold great
promise to make commercial real estate transactions considerably more
efficient...many issues are keeping a commercial-loans-online business from
taking off, they include the complexity and the size of the loans
involved...you can take a 90-day process to a 30 day process, probably to a 15
day process.
http://www.naiop.org/development/spring01/article1.htm
Weinstein Realty Advisors looks forward to serve your commercial, industrial and
investment real estate appraising and consulting needs.
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