RealTime IT News

RealEstate.com Signs Deals for Commercial Listings

B2B real estate solutions company RealEstate.com, moving to bolster its position in the commercial real estate space online, signed agreements with three commercial listings and information providers.

The company said it now has "one of the most diverse and focused online databases of available commercial real estate space."

Deals were signed with ApartmentSales.com, a provider of apartment listings; Webrealestate.com, an information marketplace for commercial real estate professionals; and 1031properties.com, an investment property listing site for individuals.

The agreements call for development of co-branded Web applications and provide businesses with access to listings posted by all three Web site operations. Financial specifics were not disclosed.

Each of the co-branded sites will be hosted, operated and maintained by the listings providers. RealEstate.com will provide an integrated search engine, encompassing the three co-branded sites.

Business owners and real estate professionals will be able to initiate searches based on desired location, property type and desired transaction type (purchase/lease), while also having access to RealEstate.com's other products and services including customized, individual Web sites, market data and financing.

Brokers will also be able to access the listings through the password-protected Resource Center, part of a customized, individual CommercialPlus Web site offered by RealEstate.com.

"Access to more listings increases the brokers' ability to service their clients, driving greater market penetration and higher revenues," said RealEstate.com Managing Director Andy Thomas. Earlier this year the company signed a similar alliance with commercial real estate site Cityfeet.com.