Commercial Real Estate Blog

Search Auctions, Price Reductions, Distressed & Green Properties

We rolled out a few pre-Thanksgiving features to Commercial IQ and our local Commercial Information Exchanges tonight.

New Specialty Searches

Commercial Real Estate is changing quickly these days, and we’ve added support for several highly requested searches:

  • Search Property Auctions — View properties being sold by auction.
  • Search Distressed Property — Find properties designated as “Distressed” (REO/Foreclosed).
  • Search Price Reductions — Pull up sale or lease listings which have had their listing prices lowered in the past 30 days.
  • Search Green Property — Locate LEED Certified properties.

You’ll find links to these on the search page, or by clicking the “Add Search Filter” box on the search page.

If you’re listing a property in one of the above categories, be sure to log in and mark it as such. You’ll find these options under the “Details” tab when editing your listing.

Here are a couple other features we rolled in, based on requests from many users like you:

“Copy Me” on Email — You can now check a box when sending an email and have a copy sent to your own inbox for future reference.

Listing Attachment Improvements — Previously, we’d limited users to 3 external links (usually to video sites like YouTube) per listing. They can now add as many as they want, and label each with a title.

Thanks!

Thanks again for your excellent feedback and suggestions! Please don’t hesitate to contact us with your ideas to improve the service. We’ll be rolling out more great tools in a couple months.

Visit us at the NAR Expo in San Diego

We’ll soon be on our way to sunny San Diego for the 2009 REALTOR® Conference & Expo, November 13th through the 16th.

Come kick things off at our reception:

Catylist Reception
San Diego Marriott Hotel & Marina – Suite 1741
Friday, November 13th from 6:30 – 8:00 pm
RSVP: richard@catylist.com. / 920-605-7590

Or swing by our booth at the expo:
Catylist Booth #3129 (in the Commercial Block)

There are great things happening at Catylist, whether you’re an association looking to grow your commercial membership or a broker looking for marketing tools and services to close more deals.

Did you know?

  • Several Catylist CIEs are in the process of building comprehensive research databases, complete with off-market properties, sale and lease comps and listings.
  • A Catylist CIE recently added hundreds of thousands of building records and comparables from a well-known data provider.
  • Two Catylist CIEs have already made the Commercial IDX service available to their members.
  • Dozens of Catylist CIEs are publishing listings on local and state EDC websites, gaining exposure for members’ listings and generating revenue for the associations.
  • Many Catylist CIEs are maximizing listing exposure by syndicating their data on local newspaper and publication websites at no cost to the associations.
  • Thousands of Catylist CIE members are taking advantage of our suite of integrated marketing tools to promote their listings and their companies, without additional data entry.
  • Catylist offers a free email campaign service to help associations increase their commercial membership and build adoption for their CIE.
  • Catylist offers FREE daily training for our products & services.
  • Catylist recently added over a dozen new sites to it’s distribution network, driving more listing views and leads to members.

Come find out why we’re the #1 provider of CIE solutions to associations around the country!

To schedule a private meeting at the conference, contact Richard Maxson at 920-605-7590 or richard@catylist.com.

Where do you get your Commercial Real Estate news?

Last year, we put together a commercial real estate news aggregator that combines stories from dozens of different sources around the Web. We’re always on the lookout for new sources of CRE news to add into the mix, and here are a few we’ve recently added:

Are there other commercial real estate news sources you like? Leave a comment and let us know!

Catylist Fall Software Improvements

We’re excited to roll out another round of improvements tonight! These changes are now live on all of our Commercial Information Exchanges around the country, and on Commercial IQ (our national commercial real estate search engine).

New and Improved Listing Traffic Reporting

One of the most useful features of our CIEs is the ability to enter a listing once, then distribute it automatically to dozens of websites. By clicking on the “Track” link for any of your listing presentations, we allow you to monitor how many people have viewed it, and which site they viewed it on. We’ve overhauled this section to make it easier to measure the effectiveness of your online marketing efforts:

  • New Design — The new layout, addition of logos for each website, and improved charts better emphasize the important information, making the traffic data easier to read and understand.
  • Greater Consistency — You can export this data into a marketing report for your reference, or to give to your client. The improved “Track” web page and the PDF report format are much more consistent, displaying the same information.
  • More Date Options — We’ve added the ability to toggle between 4 date ranges: 30 days, 90 days, 1 Year, and All Time. These ranges affect both the “Track” page and the corresponding PDF reports.
  • Access for Admins — Your company administrator can now access this section to monitor traffic received by any or all property listings for your company. This will make it easier to track the effectiveness of tools like SiteLink.

Upload Multiple Photos Simultaneously

Users can now upload multiple photos at the same time, rather than attaching them to listings one-by-one. We’ve gotten a lot of requests for this. We also added the upload box to all the media pages to make it quicker and easier to find.

Copy Clients on Property Email Alerts

When a user saves a search, they can choose to be notified daily or weekly by email of new or updated properties that match their search criteria. They can now enter a second email address (for their client, assistant, administrator, etc) to be copied on those property alerts. It’s a great way to show clients that you’re on top of the market. To try this out: run a property search and click the “Save Search” link on the upper left-hand side. Then just enter a valid email address in the field labeled: “Send a copy to client email address”.

Copy Company Administrator on Listing Reminders

In order to keep data fresh and accurate, we require users to update and verify their listings regularly. Users can now choose to have their company administrator copied on all of the email reminders we send out. To enable this: log in to your CIE, click on the “My Account” tab at the top, then the “Edit Email Preferences” link. Then just click the link to “Copy my company administrator on all email”.

Post Private, Member-Only Notes on your Listings

When listing a property, there is often important information that you don’t want just anyone to see. Users can now add notes to each listing that are only viewable by other agents who are viewing their listing — these notes are not visible to the general public. Look for “Agent Notes” below the listing overview box.

View Listing Price Reductions

We’re now tracking data on listing price changes. Going forward, you’ll see a price history on every listing record detailing reductions (or increases) including dates.

Improvements to Listing Presentations

Besides adding the price histories, we’ve also made a few changes to the format of our listing presentations that should make them easier to read, highlighting the most important information. We’ve also overhauled the way we display spaces for lease. Here’s an example.

Thanks!

As always, thanks for your excellent feedback and suggestions! Please don’t hesitate to contact us with your ideas to improve the service. We’ll be rolling out more great tools in a couple months.

Commercial Brokers in Indiana Battle Loopnet for Control of their Market

The Indiana Commercial Board of REALTORS® is one of our many clients hosting a local commercial real estate database for its members. These databases are called Commercial Information Exchanges (CIEs) and allow members to share information about commercial properties for sale or lease, analyze market statistics and recent transactions, and network with others in the industry. A CIE is a grassroots alternative to large national databases, and allows the local brokers to maintain ownership and control of their data.

The CIE movement has been gaining momentum for the past several years, and this article does a great job of explaining the motivations.

Read on for the full article, or click here for a scanned version from the paper.

Read More »

New Commercial Property Database for New Hampshire, Maine, and Vermont

We’re very happy to welcome our newest CIE client — a regional commercial listing service serving New England! The CIE is a collaboration of three associations: New Hampshire Commercial Investment Board of REALTORS®, the Maine Commercial Association of REALTORS® and the Vermont Commercial Investment Board of REALTORS®.

The new site launched today!

“We have one of the oldest and most established CIE services in the country and we are excited about the opportunity to offer the Catylist CIE service to our members. Catylist CIE offers the most advanced service available on an intuitive and easy-to-use platform. It will increase marketing efficiencies for our members and enable them to better serve their clients”. — Dave Lefebvre, CPE Chair for the New Hampshire Commercial Investment Board of REALTORS®.

Learn more about how a Commercial Information Exchange can benefit your local community.

Read on for the full press release…

Read More »

Catylist Spring Software Improvements


Google Earth Integration & Commercial Property KML Export

Google Earth is a great tool for visualizing the locations of commercial properties, allowing you to cover lots of ground without leaving your desk. We’ve integrated Google Earth directly into Commercial IQ and our local commercial listing services providing you 3D visualizations of the commercial properties on each site.

You’ll just need to install the Google Earth plugin, then click on the “Earth” button at the top-right corner of any map, including search results and listing presentations.

For those of you using the Google Earth desktop application or another GIS service, we’ve also added the ability to export commercial properties in KML format.

Search Expired Listings

Many of our users keep an eye on listing expirations and withdrawals as a way to prospect for leads. We put in some work to make this more efficient. You can now find links to search for “Expired” or “Withdrawn” listings on the “Comparables” search tab of any of our local CIEs.

Improved Property Input & Administration

We took another look at our property input interface to make the process smoother and more intuitive. We polished dozens of areas: adding more lease rate customization, improving the organization of the fields, adding simple warning messages when information is missing or incorrect. We also added a handy tool that allows administrators to generate a spreadsheet of listings that need attention, along with a description of the problem and the contact information for the listing agent. We hope this makes it easier to stay on top of your listings, keeping the data accurate and up to date.

Thanks!

As always, thanks for your excellent feedback and suggestions! Please don’t hesitate to contact us with your ideas to improve the service. We’ll be rolling out more great tools this Summer.

Playing Matchmaker between Retail Tenants & Available Space

When trying to find retail space for a tenant, it’s nice to have a great commercial property search engine at your disposal. Even better though is having the perfect spaces come to you. We’ve been working with our friends Paul and Luke over at VEXRAY to make that happen.

VEXRAY works with major retail clients (Little Caesars Pizza, Sears, Ace Hardware, Cinnabon, etc.) to build a complex model defining their requirements for a prospective site. They then use those models to automatically sift through retail availabilities for matches. The result is a list of highly qualified retail sites for the tenants, and qualified leads for the listing agents and property owners.

We’re currently working to feed our retail inventory into VEXRAY. Once complete, our members’ property listings will be automatically submitted to VEXRAY and matched up with dozens of major retailers nationwide — another huge benefit for our Commercial IQ and CIE subscribers.

Look for another announcement later this Spring.

Add your listings to Commercial IQ now!

Read on for the full release…

Read More »

Visit us at ICSC, and at NAR Midyear

We’ll have a booth at both of these upcoming events:

NAR Midyear Legislative Meetings & Trade Expo
Washington DC, May 13-15
Catylist Booth #425

ICSC: RECON
Las Vegas, May 17-20
Catylist Booth #2066

Stop by the booth to find out how we can help your company, or your local association…

To schedule a private meeting, contact Richard Maxson at 920-605-7590 or richard@catylist.com.

RCA of Massachusetts Votes Unanimously for Catylist’s Commercial Listing Platform

More good news!

The REALTORS® Commercial Alliance of Massachusetts, NAR’s newest Commercial Association, recently chose Catylist to power a Commercial Information Exchange (CIE) for their commercial members. The CIE will serve as the source for commercial real estate throughout the entire state of Massachusetts.

Martin Kane of King & Newton Commercial Real Estate, CIE Task Force Chair, said, “The REALTORS® Commercial Alliance of Massachusetts is excited that Catylist will serve as our CIE provider. We reviewed the latest available national CIE options and it is clear the Catylist CIE service is head-and-shoulders above any other available service. Catylist CIE offers marketing efficiencies on a property-centric service that connects member listings to multiple other sites, including Commercial IQ, Google, REBusinessOnline, Commercial Source, CIMLS, and many others. We are also impressed with Catylist’s responsiveness and their commitment to staying at the forefront of the evolving technology curve.”

We’ll be launching the site this Spring.

Learn more about how a Commercial Information Exchange can benefit your local community.