CRE’s Leading Tech Companies Discuss Evolving Industry at NAIOP NYC’s ‘Tech Revolution’ Breakfast Program
Executives from three of New York’s leading commercial real estate technology companies recently joined the New York City Chapter of NAIOP for a program titled, “Tech Revolution: Redefining Real Estate Transaction Through Technology, Automation and Innovation.”
Moderated by CBRE Vice Chairman Paul Amrich, the breakfast seminar featured a discussion about the unique challenges of modernizing, integrating and maximizing the benefits of technology in New York City buildings.
Held at the offices of architectural firm Gensler, located at 1230 Avenue of the Americas,the event’s panel featured Nick Romito, CEO of View The Space; Jason Freedman, CEO of 42Floors; and Danny Shachar, director of operations and marketing for Compstak.
“As technology advances, the world of commercial real estate is evolving before our eyes, and NAIOP NYC’s first breakfast series event of 2013 served as an excellent opportunity for members to get up to speed on the latest developments,” NAIOP NYC 2013President Neil Tipographsaid. “It was an extremely informative event, and I’d like to thank our panelists for sharing their vast knowledge with all who attended.”
Among the topics discussed were each company’s respective role in the evolving commercial real estate industry, and how each believes technology is affecting the lives of landlords, tenants and brokers.
“I founded View The Space because I was spending four hours each day showing spaces to co-brokers, and it felt like a huge waste of time,” Romito explained. “Commercial real estate space was the only thing that you couldn’t view online before making a decision on whether or not to purchase.”
The panelists agreed that, no matter what the future may hold for their respective companies, technology is sure to have a profound effect on the commercial real estate industry in the coming months and years.
“Entrepreneurs are driving change in the commercial real estate industry, but everyone in this room is an early adopter by embracing the change,” Schachar told the crowd.
While their companies could be viewed as competitors, Romito, Freedman and Schachar pointed to the synergies that exist among the start-ups.
“In the technology sector, we find that it’s easier to be successful by identifying ways to work together,” Freedman said. “While we all operate in the same space, each company has its own unique value proposition.”
To join and learn more about the many events and programs planned by NAIOP's New York City Chapter, please visit www.naiopnyc.org.
For information about becoming a member, please contact NAIOP NYC at firstname.lastname@example.org or 212-450-7300.
About NAIOP NYC
Founded in 2008, the New York City Chapter of NAIOP represents NYC’s most respected commercial real estate companies and is NAIOP’s fastest growing chapter. The chapter provides members unparalleled industry networking, educational and socially conscience programs and events, in addition to advocating for effective legislation on behalf of its members. The Developing Leaders program is dedicated to providing emerging industry professionals, aged 35 and under, with programs and educational services that further their growth and business development within the real estate industry.
NAIOP, the Commercial Real Estate Development Association, is the nation's leading trade association for developers, owners, investors and other professionals in industrial, office and mixed-use commercial real estate. Founded in 1967, NAIOP is comprised of more than 15,000 members in 56 North American chapters and provides networking opportunities, educational programs, research on trends and innovations and strong legislative representation. For more information, visit www.naiop.org.