1. E-Commerce--It's Coming. … "Capital providers right now are building the ability to submit streamlined loan-submission packages, review legal documents and acquire third-party reports online. Loan servicers are using databases to give their clients an instant understanding of their portfolios. … When smart commercial real estate players begin to use the Internet to its full advantage, they will revolutionize the industry." From Michael Minik, president of dataStructures, in the March 1998 issue of Real Estate Forum.

2. Top Message Board Posts--Are REITs Overpaying?—Part II. … Last week I mentioned Ralph Block’s post to the REIT Message Board, "REITs as Aggressive Buyers." … You’ll find several interesting responses. Murray Shor, Editor of Shopping Center Digest, writes, "Many of the owner-developers we've been speaking to … agree that prices being offered are above market value." … Matt Kolding of COMPS mentions a paper presented at the recent ARES conference that found "about a 26% premium paid by REITs as compared to other buyers" for some multifamily properties in Phoenix and Atlanta. … If you have a thought, join this Discussion on the REIT Message Board. … Click the Message Board Channel hyperlink on the PikeNet home page or use the URL below.

http://www.pikenet.com/cgi-bin/WebX

3. Web Success--LoopNet Grows. … Last week I added a new site, Metropolitan Commercial Property Ltd. in Providence, RI. … As I clicked through to view one of their listings, I noticed that the URL changed at the top of the screen to LoopNet, and I thought, "What a neat service LoopNet provides." For $29 a month, an office can post an unlimited number of listings, including detailed information, pictures and maps. … And soon LoopNet will provide demographic information for an additional charge. … According to LoopNet, they receive over $100 million of property for sale a day and over two million square feet for lease. … Do you have a Web Success story? … Send me e-mail.

4. Web News--IDRC's Video Presentations. … For an insightful look at the future, check out IDRC’s new Development Channel. … You’ll find online video presentations for corporate real estate, global economic development and facility management professionals. …. There are dozens of video presentations in the following categories: Investment Opportunities, Projects Planned or Under Construction, Professional Services and Corporate Real Estate Expertise. … You need to have the RealPlayer plug-in for your browser, and I’ve posted instructions for where to find it in the PikeNet Knowledge Base (see next paragraph).

5. Knowledge Base--How to Get RealPlayer. … Download the RealPlayer Plus program online for $29.95 and begin to enjoy video and sound over the net. Although video quality is not great at 28.8 speed, the audio quality is good. … For instructions, go to the PikeNet Knowledge Base at the top of the home page and click the last question in the Web Related section.

6. Promote Your Site at PikeNet. … Each week around four thousand visitors see the PikeNet home page. … Buy a Billboard Mini-Banner and put your company or service in front of these professionals… For details, click the Media Kit hyperlink under the Billboard or use the URL below.

http://www.pikenet.com/advertising/advertising.html

7. Sponsor. … Allocate 90 Demographics. … "Need demographic information for doing your next deal? Tired of paying too much and waiting too long to get your reports? Sign up for your Allocate 90 password today and get FREE demographic reports for any site in the U.S. Allocate is the fastest, most accurate demographic reporting system available today! Ask us about Allocate 98 for all of the current demographic estimates that you need to do more deals."

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--Peter Pike