Content
1. Featured Site: Bizsites
2. New and Notable
3. Web Success
4. PikeNet Changes
5. Internet Value
6. NACORE
7. Subscribing and Canceling

1. Featured Site... Bizsites is an "online advisor for location strategies" developed by Plant Sites & Parks magazine. This is an extraordinary resource of information for corporate real estate professionals. The Site Selection Toolkit targets specific states and international locations and includes statistics and links to local resources. Strategies contains news briefs and case studies from recent issues of the print publication. Industry Outlook focuses on how companies are responding to changes in their workplace. The full text of PS&P is online. Bookmark this site.

2. New and Notable... Security Capital Industrial Trust specializes in bulk distribution and light industrial buildings in 36 markets nationwide. South West Property Trust is a REIT specializing in apartment communities in the Southwest. Princeton Properties owns and manages 4,000 apartments in Massachusetts, New Hampshire and Maine. REsource Partners offers software for corporate real estate asset and portfolio management. WinStack is a software application that enables you to create building stacking plans automatically from a database of tenant information.

Expansion Management magazine, covering business expansion and relocation, offers the full text of its print publication and interesting features, such as a discussion of economic development policies. Chicago's Real Time Traffic Map is updated every minute with freeway travel times to and from the Loop. HNTB provides architecture and engineering services from 9 cities across the U.S. Although residentially oriented, the Real Estate Information Center (sponsored by Stewart Title and Dataquick) will sell you comparable sales information electronically for $7.50 per search. Just designate the address, pay with a credit card and the comps are delivered instantaneously--very impressive.

3. Web Success... Todd Clarke, President of the CCIM Chapter in New Mexico used a wide variety of Internet resources to close a $12.5 million apartment sale to a Denver REIT, including an e-mail list, joint FTP (file transfer protocol) access to Clarke's local ISP (Internet service provider) and "burning" a CD-ROM with extensive due diligence information.

4. PikeNet Changes... Market searches are now 6 times faster. Click the Market Search icon at the top of the home page or one of the sample cities under "U.S. Market Areas" or "International Markets." You'll be presented with a list of 32 categories and the number of records in each one. Click any Category for a Hit List and then the word "star" to place the best sites at the top of the list.

5. Internet Value... "The Internet Economy" on page A22 in the Wall Street Journal of October 17, 1996, reports that the Internet has created $200 billion in value in the last 18 months--25% of Microsoft's capitalization, 20% of SunMicro and 15% of IBM.

6. NACORE... Last week's Annual Symposium and Exposition of NACORE in Tampa, Florida, focused strongly on technology and the "New World" of corporate real estate. From my observation there was an intense interest in trying to understand the Internet and how it might affect one's business. From an informal poll of the 100 exhibitors, my estimate is that less than 10% did not have plans for a web presence. Thanks to local host Dee Seymour of Colliers Arnold for her superb organizing efforts. I enjoyed participating.

7. Subscribing and Canceling... If you do not want to receive this Dispatch, please reply with "cancel" in the Message field to remove your name. Please include your name and company. If you know a person who would like to be added to this list, please send me an e-mail with the word "subscribe."

--Peter Pike /