One of the most promising areas of future growth for the CRE industry is in the use of technology, specifically in data analytics. So says Joseph Ori, executive managing director of Paramount Capital Corp.
According to Ori, real estate data and analytics have been available for the last 20 years in the industry, however, advances in technology have now allowed for the growth of firms providing sophisticated data analytics that will make the acquisition, investment, appraisal and financing process in CRE, much more efficient and less costly.
One recent example he points to is Jones Lang LaSalle's, “Skyline” software that allows users to see various real-time data analytics of office buildings in 57 core office markets around the country. The site, he says, shows the building age, floors, occupancy, floor plates, owner, rents per sq. ft. and other data. There is also a color analysis of the building showing which floors and parts of floors that are leased, vacant and subleased.
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
