Downtown Miami
MIAMI—Could a personalized intelligence feed shake up the commercial real estate industry? RE Console, a Rokk3r Labs company, believes it will.
RE Console is working to drive a technological shake-up with its new “all-in-one” automated research tool. The tool promises to save investment property owners and commercial real estate industry professionals time and money. The beta launch is focused on the South Florida region, but RE Console aims to expand to the rest of the United States by the end of 2016.
“The real estate industry is in dire need of a technological shake-up,” Xavier Cossard, co-founder and CEO of RE Console, tells GlobeSt.com. “Most professionals are still using the same tools their predecessors were 20 years ago. We use machine learning to classify each user so we know what's interesting to them and can surface those unknown opportunities in real-time through our personalized notifications feed.”
Indeed, the commercial real estate industry has been slow to change. Meanwhile, in recent years there has been a spike in investment, with more than $1.4 billion invested in real estate startups in 2014—$950 million of this within the United States.
RE Console connects commercial real estate professionals with the real-time intelligence, news, and data. With the technology, users can monitor personalized market feeds, check into opportunities and manage proprietary notes in a consolidated platform.The RE Console platform models the market's data as micro-networks. By structuring the market's data as interconnected relationships, the platform represents changes as ripples throughout the market to show the domino effect on value and new opportunities those changes create.
“RE Console creates immediate, immense disruption to solve a key issue for real estate brokers and investors,” Nabyl Charania, CEO of Rokk3r Labs, tells GlobeSt.com. “Xavier and Alex understand the traditional machinations and are creating the future vision of this by leveraging accelerating technologies like machine learning to elevate the entire industry.”
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 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.
