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As a procurement service company, SiteStuff helps commercial real
estate owners and managers streamline their building operations. With a
combined client portfolio of over 1.3 billion square feet we are able to
provide expertise and advice relating to best practices for commercial
real estate procurement. Click here for
information.
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TOP STORY
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Online
Tools Quick-start Site Searches
By Matt Hudgins
 Companies embarking on an expansion or relocation need
more than a list of available real estate on which to base their
decisions. Business success depends on an array of factors that can
range from the availability and education level of local workers to
proximity to customers or transportation infrastructure.
Site selection consultants use geographic information systems and
in-house databases along with facts and trend information distributed by
government agencies and economic development entities from around the
globe to help employers choose the best locations for growth.
However, companies without the budget to hire experts have few options
to complete an exhaustive search, and often overlook promising places as
they focus on the known and familiar.Read
full story here.
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View a 10 minute ARGUS Valuation - DCF video demonstration and
learn how ARGUS Software can help you build fortunes, not spreadsheets.
Through December receive a 10% license discount on your next product
purchase just for viewing!
Click here
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PEOPLE
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Chicago
Research Firm Provides Tools to Help with Valuation
By Steve McLinden
 Real Estate Research Corp. (RERC) based in Chicago,
was founded in 1931 to specialize in both real estate research and
analysis. Today, the independent firm’s services have grown to include
property valuation, portfolio management, litigation support, technology
solutions and consulting. RERC, which also has offices in Texas,
Georgia, Alabama, Florida and Iowa, also produces a widely read
quarterly report on investment trends in addition to several other
specialty reports and real estate studies.
RERC prides itself on its six-year-old, Web-based Commercial Real Estate
Management Information System (MIS), a collection of tools designed to
improve the operational efficiency, reporting, management and analytical
capabilities for real estate owners. CEO Kenneth Riggs talked with NREI
about the system and its “mark-to-market” valuation tools.Read
full story here.
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Look to Intuit Real Estate Solutions' portfolio modeling and
analytics tool with waterfall capabilities to effectively manage
complex deal structures and provide accurate, detailed results in
minutes. Click
here to learn more about how IRES can help you make the right
portfolio and asset decisions faster, easier and with more confidence.
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ONLINE EXCLUSIVES
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Apartment
Firms Allocate Significant Amounts to Technology, Survey Shows
Staff report
 Smaller apartment companies spend a far greater
percentage of their information technology (IT) budgets on outsourcing
and consultants than large firms, according to a new survey by the
National Multi Housing Council (NMHC).
Companies with gross revenues averaging $35 million spend nearly 60% of
their IT budgets on external resources—30% on outsourcing and 27% on
consultants — compared with larger firms averaging $377 million in
gross revenues, which spend just 3% of their IT budget on outsourcing
and 15% on consultants.
When analyzed on a spending-per-unit basis, medium-sized firms (15,000
to 29,999 units) have the largest IT expenditures, $243 per unit. The
largest firms (70,000 units or more) spend just $75 per unit on
IT-related expenses, and smaller firms (9,000 to 14,999 units) spend $71
per unit. This wide variance may occur because larger firms tend to be
early adopters of new technologies, says David Cardwell, NMHC's Vice
President of Technology and Capital Markets.Read
full story here.
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