Search
 

UPDATE: BofA VP Reflects on Bank's E-Market Joint Venture

CHARLOTTE-Working closely with netStruxr.com, Charlotte-based Bank of America, IBM and Prudential Insurance have formed what is believed to be the world's largest e-marketplace exchange for corporate real estate transactions.

By Robert Anthony | Updated on November 07, 2000

CHARLOTTE-netStruxr.com, Bank of America, IBM and Prudential Insurance have formed what is believed to be the world’s largest e-marketplace exchange for corporate real estate transactions.

The netStruxr application, SPACEdirect, developed over months of collaboration among the four entities, is the first buyer-centric, Web-based portal to serve the real estate community. Through SPACEdirect, real estate professionals will be able to contact suppliers and access a diverse menu of cost-saving e-strategies, the partners say.

Initially, the three companies planned to form their own integrated on-line application, but then elected to work with netStruxr to develop the service. Technology to run the new e-marketplace exchange will be provided by IBM.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.