2011 was marked by a global wave of civil unrest. The fact that social media   played such an important  role has prompted many  government  agencies and  businesses to step up their monitoring of  Twitter and other social  networks. These actions confirm the widening power of social media as   an accelerator of social and business change.

Commercial property industry leaders increasingly recognized that social media immediately amplifies negative buzz about their brands and reputations, and can have an impact on positive imaging and sales if used effectively.

Many leaders, like CBRE and GE Capital Real Estate, asked us to start monitoring what’s being said about them and help engage online movers and shakers. As risk/reputation management and investor relations grow in importance, we also expect many other REITs, developers and publicly held real estate service providers to leave nothing to chance in 2012.

In Q4, 2011 our proprietary CREObuzz™ algorithm identified four times more discussions about Brookfield Office Properties than SL Green or Vornado. The most buzz corresponded to the removal of “Occupy Wall Street” protesters from Zuccotti Park, a space controlled by Brookfield.

Stay tuned for our upcoming insights, as well as filtered news mobile apps focused on commercial real estate. 2012 will mark the turning point in how CRE industry leaders take much more deliberate steps to better mitigate reputation risks in social media channels and define themselves rather than leaving others, like “Occupy Wall Street” protesters, to do it.

CREOpoint will be leading the way with powerful social media management dashboards to help you manage in this new and challenging environment.

JC GoldensteinCREOpoint CEO and CREObuzz founder

Best with source CREObuzz NY REITs Dec 2011

 

 

While 2009 was primarily a year of survival and revised expectations, the 4th quarter provided signs of leasing and capital markets momentum for 2010.  On the capital markets side, note sale activity has picked up around the country, though the New York Suburban region is just beginning to see this trend.  In fact, our team is currently marketing the note sale of Greenwich Atrium, a 101,394± SF Class A office property located at 75 Holly Hill in Greenwich, Connecticut. While this is the first significant senior mortgage note sale on an office building in Fairfield County, we expect the note sale/foreclosure pipeline will grow in 2010.

On the leasing side, Landlords and Tenants alike have seen the economic trend and employment numbers which indicate that the worst may be behind us, but that the road to recovery will likely be a slow one. The economic recovery in 2009 was spurred largely by the Fed’s $787 billion stimulus package and aggressive cost-cutting by corporations. We enter 2010 in a period of economic transition, as the Commercial Real Estate market will be looking for signs of more organic business growth marked by new capital expenditures and employment growth that drive demand for office space.

Please find below a link to our Data Points analysis of 4th quarter 2009 along with a link to download our region’s individual office market reports.

Click Here For Data Points and Market Reports

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