June 9, 2011

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Real Estate Tech Roundup

Each week, we take a a look at the top stories in real estate technology from the past seven days. Here are the latest developments from around the world:

  • New York-based real estate firm Corcoran Group announced a content deal with the curbed.com blog network to populate its iPhone app with news stories for real estate, retail stores, and restaurants that will sit alongside listings. curbed.com itself has just launched a new addition to its network covering Washington.
  • Smarter Agent, a US-based provider of real estate search applications for mobile, acquired toor.me, which sells mobile, desktop and social enhanced tours of property listings. Smarter Agent says it will combine toor.me’s QR code product with its existing suite of mobile real estate apps.
  • GIS data provider Maponics launched a new subdivision boundaries product and announced plans to map over 50,000 subdivisions across the US by the end of the year. “Until now, the real estate industry has had no reliable and systematic source for subdivision boundary data,” the company states, “But Maponics has cracked the code by developing patent-pending technology to automate the generation of such boundaries on a wide scale.”
  • Real estate software-as-a-service platform Market Leader boosted its revenue by 15 percent to US$6.8 million in the fourth quarter of 2010 following a deal to provide its services to Keller Williams. Market Leader says the five year agreement represents the largest deal in the company’s history.
  • US commercial property portal realup.com added a video component to its listings. The feature is available to the portal’s premium members, who must first upload their video to YouTube.
  • US brokerage ZipRealty, which operates the current number seven real estate website in the country, reported a quarterly net loss of $4 million and a 3.6 percent year-on-year decrease in net revenue. The company has shed approximately 900 agents over the past two months after closing operations in 11 markets.
  • We are always on the lookout for new developments in real estate technology. Send us your tips and press releases by emailing [email protected]


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