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Commercial Real Estate Goes High Tech with Eastern Union Automated Property Search Engine.


Buyers Call the Shots: A New Comprehensive Search Portal Matches Buyers to Properties With Greater Speed and More Accuracy

NEW YORK New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
 NEW YORK -- In response to persistent inquires about properties by their mortgage clients, Eastern Union Commercial is launching a powerful online service for automating commercial property searches at RealProspex.com. RealProspex is a comprehensive database which provides deals specifically tailored to individual buyers.

"We developed this portal to capitalize on Cap´i`tal`ize on`   

v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>.
 the extensive deal-flow at Eastern Union," said Ira Zlotowitz Ira Zlotowitz is the CEO of Eastern Union Funding, a large mortgage brokerage in New York City. He is the son of Rabbi Meir Zlotowitz.

Zlotowitz is also the creator of "Simple Remote"[1], a tracking software for the real estate industry. References

1.
, President. "Our mortgage clients had always wanted to know what we have seen for sale and with RealProspex they can find what they seek," he added. Unlike most listing sites that allow buyers to search through all their properties online, RealProspex will only send buyers a deal if it matches their specific criteria.

Through RealProspex, commercial real estate buyers and investors are only shown properties that are relevant to the detailed profiles they create, yielding a highly targeted deal selection. Additionally, each offering undergoes a thorough underwriting Underwriting

1. The process by which investment bankers raise investment capital from investors on behalf of corporations and governments that are issuing securities (both equity and debt).

2. The process of issuing insurance policies.
 analysis by Eastern Union's finance experts, ensuring that the deal truly meets the buyer's criteria. Buyers and investors can access the new property matching service by registering for the beta version A pre-shipping release of hardware or software that has gone through alpha test. A beta version of software is supposed to be very close to the final product, but, in practice, it is more a way of getting users to test the software in the first place under real conditions.  at RealProspex.com free of charge.

Sales brokers can beat "the listing rush" by registering their commercial properties for free using the beta version of RealProspex. The database provides sales brokers with a more efficient way to monitor buyer interest and bid activity on each of their properties.

"We believe that buyers are seeking deals in an environment where opportunities are presented clearly and efficiently," said Abraham Abraham [according to the Book of Genesis, Heb.,=father of many nations] or Abram (ā`brəm) [Heb.,=exalted father], in the Bible, progenitor of the Hebrews; in the Qur'an, ancestor of the Arabs.  Bergman, Principal of Eastern Union Commercial.

About Eastern Union Commercial

Eastern Union Commercial is one of the fastest-growing commercial real estate brokerages in the country, with ten offices nationally, specializing in multi-family, retail, office, industrial, healthcare, mixed-use mixed-use
adj.
Containing or zoned for commercial and residential facilities or development: a 40-story mixed-use tower; a mixed-use parcel of land. 
, hotel and construction loans. Over the last 12 months, the company has negotiated over $1 billion worth of real estate transactions throughout the country. For more information visit: www.EasternUC.com or call toll free 866-862-4800.
COPYRIGHT 2006 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Nov 7, 2006
Words:338
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