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NATIONAL REAL ESTATE INVESTOR
Newsline Technology Edition
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 High-Tech Engineering Helps Skyscraper Developers Reach Record Heights
 Realhound Hunts for Efficient Tools
 Internet Condo Sale Yields $21.8 Million Response
 Mexican Smart Buildings Institute Partners with BOMI International

TOP STORY

High-Tech Engineering Helps Skyscraper Developers Reach Record Heights
By Matt Hudgins

From wind-dispersing construction to on-site power generation and energy efficiency, the tallest structures under development today harness an assortment of technologies that can boost the performance of more conventionally sized buildings. And despite a recession-induced lull in new projects, the list of super-tall towers continues to grow in 2009 with the anticipated completion of a new record holder among soaring structures.

Developers completed more skyscrapers in 2008 than in any previous single year, adding four super-tall buildings that brought the number of structures exceeding 300 meters (984 ft.) in height to 38 globally. That’s according to the Council on Tall Buildings and Urban Habitat (CTBUH), which publishes a list of the tallest buildings completed each year. Based at the Illinois Institute of Technology in Chicago, the CTBUH facilitates exchanges among professionals involved in tall building design and development.

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PEOPLE

Realhound Hunts for Efficient Tools
By Steve McLinden

When it comes to commercial real estate software, Realhound, based in San Clemente, Calif., hopes to be one of the most innovative. Established in 1998 by software developer Andrew Blount, a former executive with Comps Infosystems, which merged into CoStar, Realhound has an impressive client list. It counts most large national commercial real estate service firms among its clients, including Grubb & Ellis, Marcus & Millichap, Colliers International, ReMax Commercial, CB Richard Ellis and Sperry Van Ness.

Josh Fadley, Realhound's vice president of operations, spoke with NREI about the company’s latest industry software and the compelling need for commercial real estate firms to focus on internal efficiencies using the latest tech tools.

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Online Exclusive

Internet Condo Sale Yields $21.8 Million Response
By Denise Kalette

When Los Angeles auctioneer and software executive William Stevenson planned the simultaneous sale of 79 residential lofts in the city’s historic financial district on Feb. 8, he had no idea how successful the event would be.

Sixty-two of the renovated lofts in the 13-story downtown Rowan building sold for a total of $21.8 million in the electronic auction. Buyers who attended the event were able to see all the bids on large screens at the front of the auction room, while remote bidders used computers to participate. The auction was unique in the large number of units sold simultaneously on the Web rather than in traditional sequential fashion, which offers one item at a time.

Winning bids ranged from $207,000 for a studio to $534,000 for a two-bedroom, two-bath penthouse. More than 250 pre-qualified buyers registered to participate in the three-hour event.

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Roundups

Mexican Smart Buildings Institute Partners with BOMI International
Staff report

Building Owners and Managers Institute International (BOMI International) has developed a partnership with the Mexican Institute of Smart Buildings (IMEI) to provide educational programs to facilities and property management professionals in Mexico.

Mexico’s economy experienced 1.7% growth in 2008, despite the global economic crisis, and the country’s real estate development has continued to reach new levels.

“[Mexico City] is running new construction projects, especially tall buildings, so the building managers must be prepared to handle these new projects,” says IMEI President Felipe Flores Hernandez. Upcoming projects include buildings with efficient and modern technologies like the Torre Mayor, the tallest and most environmentally sound building in Mexico.

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