REBNY introduces commercial listing exchange.REBNY REBNY Real Estate Board of New York began 2005 by announcing a new program that it said would enhance the way commercial brokerage firms and major property owners gather information about exclusive property listings. The Commercial Listing Exchange (CLE Cle total elimination clearance. ), for the first time, enable firms to share exclusive listings electronically on a weekly basis. Some of the leading brokerage firms and commercial property owners in 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 now participate. Through the system brokerage firms and owners can obtain new property listings more efficiently without having to rely on time-consuming methods of finding space, such as phone calls and site visits. The CLE is intended to supplement their existing methods of collecting listings. The exchange of information has opened up communication among firms in the industry and helped speed up transactions by creating open access to exclusives. It allows brokers to match available space with tenants more efficiently. "By creating a standard medium for participants to share exclusive listings, brokers no longer have to spend time seeking out exclusives because they will have access to a comprehensive list of available space on the market," said Steven Spinola, REBNY President. Charter members of the CLE include: Brookfield Properties Brookfield Properties Corporation TSX: BPO NYSE: BPO is a Toronto-based North American commercial real estate company. Brookfield Asset Management owns 50% of its outstanding common shares. , CB Richard Ellis CB Richard Ellis Group, Inc. NYSE: CBG is a multinational real estate corporation currently based in Los Angeles, California, U.S.A.. On December 20, 2006, the corporation, also known as CBRE, completed acquisition of Trammell Crow Co. in a transaction valued at $2. , Cushman & Wakefield, The Durst durst v. Archaic A past tense and a past participle of dare. Organization and Newmark. Added Mr. Spinola, "Clearly, an open system of exchange makes the industry more efficient because brokers will spend less time looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. exclusive listings, and more time closing deals." The CLE establishes a standard Excel format that each participating firm must use. This standardized format and a familiar data program make the CLE easy, efficient and accessible to all potential brokerage firms and owners who wish to join. As a CLE participant, member firms send their exclusive commercial listing information to REBNY each Wednesday morning. REBNY then consolidates this information and sends the complete list of all available listings to each participant that afternoon. |
|
||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion