BOMA signs exclusive agreement to contribute data to Teleres; Largest office property information database a key addition to online commercial real estate system.JERSEY CITY, N.J.--(BUSINESS WIRE)--June 26, 1995--Teleres, the Jersey City, NJ-based firm creating the nation's first comprehensive online commercial real estate information system, announced today it has entered into an exclusive agreement in which the Building Owners and Managers Association This article or section needs sources or references that appear in reliable, third-party publications. Alone, primary sources and sources affiliated with the subject of this article are not sufficient for an accurate encyclopedia article. (BOMA Boma (bō`mə), city (1984 pop. 197,617), Bas-Congo province, W Congo (Kinshasa), on the Congo River estuary. A port and railhead, it exports tropical timber, bananas, cacao, and palm products. ) International, owner of the largest single database of private and public office property information, will become a major data source for Teleres. The online service is assembling a number of data sources to provide the real estate industry with real time information, news and analytics for the first time. Initially, BOMA will contribute data from the years 1988-1994, and will eventually add the rest of the information from its 75-year old database. Provided under an exclusive agreement, the BOMA data will be embedded Inserted into. See embedded system. into the Teleres basic service, available to all Teleres subscribers. BOMA, an organization of 15,000 investors, facilities managers, developers and service providers, will provide statistical information on income and expense data drawn from their yearly publication, Experience Exchange Report (EER EER - An extended entity-relationship model. ). The EER is assembled through a survey of BOMA members, who collectively oversee more than 12 billion square feet of property. The 1994 data sample includes information on over 4,500 properties, totaling almost 1 billion square feet. "This strategic partnership brings services to our members by placing our data -- plus the broader industry data -- at their fingertips "Fingertips" is a 1963 number-one hit single recorded live by "Little" Stevie Wonder for Motown's Tamla label. Wonder's first hit single, "Fingertips" was the first live, non-studio recording to reach number-one on the Billboard Pop Singles chart in the United States. ," said Thomas McChesney, BOMA President. "A lot of BOMA members, and real estate professionals in general, are embracing technology and will be accessing information in electronic forms." "This is an opportunity to help our members do their jobs better -- to manipulate the data on their desktop, compare to other marketplace data, and be better equipped to make a more informed decision," he added. Teleres will offer a suite of tools and products in a Teleres basic service package available to subscribers when the system debuts later this year. Unlike other information sources, Teleres is dedicated solely to the commercial real estate industry, and has secured data providers such as NAREIT NAREIT National Association of Real Estate Investment Trusts , SIOR SIOR Society of Industrial and Office Realtors SIOR Specialist, Industrial and Office Real estate and Mortgage Analytics, Inc. Teleres was formed in 1994 to provide a platform for standardizing the process for trading, rating securitizing, and valuing of commercial real estate. System designers are building Teleres as an easy-to-use tool that is expected to increase productivity for virtually anyone involved in commercial real estate. "The addition of the BOMA database to Teleres solidifies our roster of data providers. With the participation of several other major industry players, we have built an excellent team of data partners," said Phillip E. Jennings, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Teleres. "Grounded on this solid foundation, we are creating a system that will simplify and accelerate the ability of real estate professionals to gather, analyze and communicate information on a real time basis." Teleres will provide commercial real estate property performance information, market statistics, breaking and historical news, and communications, among other services. Teleres specialists at the firm's research and product development center are also designing a number of new analytical tools to manipulate the various resources and information to be carried on the system. Users will be able to access data and analytics in a Windows-based, interactive, point-and-click platform via a Teleres dedicated-terminal and, later, via dial-up service on the user's own PC. CONTACT: Teleres Phillip Jennings, 513/226-7710 Mitch The name Mitch can mean:
or BOMA Henry Chamberlain Henry Chamberlain can refer to the following people:
or Gallen Associates Ron Heckmann or Tim Gallen, 510/268-9848 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion