NREI Newsline Technology Edition: Commercial real estate blogs play catch-up....Q & A with LoopNet chief Richard Boyle...a high-tech response to chemical terrorism
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From National Real Estate Investor   |   A Prism Business Media Property August 14, 2006 | Volume 1 Number 3   
Q & A With LoopNet's Richard Boyle
Real Estate Blogs Slowly Netting Readers
An Invisible Threat
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Q & A With LoopNet's Richard Boyle
By Parke M. Chapman

Richard Boyle is on a quest to draw more brokers, investors and tenants into the bustling online real estate marketplace known as LoopNet (NASDAQ: LOOP). His 10-year-old company, which raised $72 million in its June IPO, now boasts one of the largest online listing databases for commercial real estate. Shares hit the market at $12 per unit and hit nearly $20 in early July. But during early morning trading today, LOOP shares were hovering around $10.70 (below their offering price).

With $335 billion in commercial real estate listings, LoopNet's total number of registered members reached 1.4 million at midyear in a 57% increase over the midyear 2005 level. LoopNet president and CEO Boyle recently spoke with NREI technology editor Parke Chapman on how LoopNet is leveraging its IPO to fund new technologies and lure more real estate players into the digital fold. Read full story here.

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Real Estate Blogs Slowly Netting Readers
By John Egan

In the past few years, as prices for residential real estate surged, more than 1,000 Web logs (better known as blogs) have cropped up, offering advice (expert or not) on all aspects of buying, selling and making money from home sales. They range from Property Malaysia to this sign-of-the-times site: Housing Panic - The Bubble Blog with Attitude.

But when it comes to the commercial real estate, the industry seems to be stuck in the fax age. According to Technorati Inc., a blog-tracking company, more than 50 million blogs are on the Web; less than two dozen are dedicated to commercial real estate, estimates blogger Todd Clarke, CEO of American Apartment Advisors Inc., based in Albuquerque, N.M.

Clarke and other bloggers, however, see great potential for the communications and marketing technology in commercial real estate and predict that more companies will enter the blogosphere. As the market becomes more challenging, investors will turn to blogs to collect additional insight and timely information to help them find lucrative deals, they say. Read full story here.

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An Invisible Threat
By Parke M. Chapman

Within the past few months, FBI officials have foiled early-stage terrorist plots to detonate explosives at the Sears Tower in Chicago and Manhattan's Holland Tunnel. One overriding fear, however, is that future attacks will employ nuclear, biological and chemical (NBC) agents.
The problem is that most commercial properties are ill-equipped to thwart NBC attacks, which are also excluded from terrorism insurance policies. This exposure has underscored the value of high-tech detection devices that can sniff out NBC substances before they contaminate an entire building.

"There is certainly growing pressure to include NBC threats as part of a standard terrorism risk insurance policy," says Janice Ochenkowski, managing director at Chicago-based Jones Lang LaSalle. "The Treasury Department will issue a report in September on TRIA [Terrorism Risk Insurance Act of 2002], and one of the required questions deals with NBC threats." Read full story here.

Visit the NREI Bookstore

The NREI Bookstore offers best sellers and bargain buys on a range of hot topics relevant to retail real estate professionals. For information and ordering visit

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For more information or if you have story ideas you'd like to share, contact Parke Chapman, technology editor, at
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