Slowdown in Deals Poses Challenge for Index
Makers
A key tool used to track the health of the economy and the
commercial real estate market is being affected by the shrinking number
of transactions, according to the Massachusetts Institute of
Technology’s Center for Real Estate.
For the first time since MIT developed the Transaction Based Index (TBI)
in 2005, there were too few retail transactions in the fourth quarter to
update the sector’s index, says David Geltner, director of research at
the Center for Real Estate.
Revamped Detroit Hotel Boasts High-Tech Meeting
Space
One of the coolest spots to hold a seminar in Detroit may
be the Fort Shelby Hotel’s 21,000 sq. ft. conference center, which has
plenty of new bells and whistles after the hotel underwent a $90 million
renovation and joined Doubletree Guest Suites.
The spacious meeting center has earned approval from the International
Association of Conference Centers (IACC) and operates under strict
guidelines.
Meeting rooms are specially engineered with features such as ergonomic
chairs, tables with non-glare surfaces, and appropriate lighting and
acoustics.
New Web Site Offers Advice on Property Management
Software
A San Francisco company, Software Advice, has launched a
Web site to help property management firms sort through software choices
and find one suitable for their business.
Many real estate investors and property managers are looking for ways to
become more efficient, particularly during the recession, and may need
help with finding software tools for lease administration, facilities
maintenance, accounting and other tasks, says Don Fornes, founder and
CEO of Software Advice.
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