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	<title>United Lane Corporation &#187; commercial real estate</title>
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		<title>Mapping out the future – when a picture builds a thousand words</title>
		<link>http://blog.unitedlane.com/2009/05/mapping-out-the-future-%e2%80%93-when-a-picture-builds-a-thousand-words/</link>
		<comments>http://blog.unitedlane.com/2009/05/mapping-out-the-future-%e2%80%93-when-a-picture-builds-a-thousand-words/#comments</comments>
		<pubDate>Wed, 20 May 2009 19:47:21 +0000</pubDate>
		<dc:creator>paul.carroll</dc:creator>
				<category><![CDATA[Real Estate News]]></category>
		<category><![CDATA[commercial real estate]]></category>
		<category><![CDATA[data-fusion systems]]></category>
		<category><![CDATA[emerging technology]]></category>
		<category><![CDATA[information overlay technology]]></category>
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Advanced information overlay technology has long been the preserve of futuristic film and TV fantasies. Here, United Lane’s VP of Communications, Peter Warren, reveals how a pioneering California-based [...]]]></description>
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<p><strong>Advanced information overlay technology has long been the preserve of futuristic film and TV fantasies. Here, United Lane’s VP of Communications, Peter Warren, reveals how a pioneering California-based company is turning science fiction into hi-tech reality for the masses via its online data-fusion system – with huge implications for the real-estate sector<br />
</strong><br />
Ten years ago, the now defunct 3D company Silicon Graphics put together a 3D astral model of the Milky Way for the American Museum of Natural History. Called the Digital Galaxy Project, the model allowed you to fly through our galaxy, marvelling at the sheer size and scale of the system to which our planet belongs, and of which it is such a tiny part.</p>
<p>As one visitor took off from an Earth still immersed in the Bosnian conflict, he commented to Carter Emmart, the researcher taking him through the Horsehead Nebula, that the one thing that was amazing about the system was seeing so many unnamed planets, and wondering when names and information would be supplied about them.</p>
<p>Emmart replied that the process of digitally pinning information against an object would first take place on Earth. This would be the beginning of an enormous and constantly changing encyclopedia that would eventually start to spill out into the stars, gradually tabbing data against the dots and giving them meaning. But he warned, ‘Just finding out what a planet or a star is will be a massive task.’</p>
<p>Fast forward to 2009. The information overlay technology that was first introduced to us in the futuristic TV series <em>Six Million Dollar Man</em>, and then refined in sci-fi blockbusters like <em>The Terminator</em> – which based their research on techniques developed by NASA and the like – is now forcing its way into the real-estate market. It’s still in its early stages – you may not see a data readout on your eyeball just yet – but by simply clicking on a building on a map, a data screen can now drop down and reveal huge amounts of information on a particular location – almost instantaneously.</p>
<p>One system developed in El Segundo by Geosemble – a California-based company that up till now has concentrated on supplying its artificial intelligence and geospatial data-fusion systems to the Defense Advanced Research Projects Agency, the National Science Foundation, the US Air Force and other US government agencies including the CIA – can now pull together all the available data on a locality.</p>
<p>Within the last two years, the company has started to see real opportunities open up in the real estate market. ‘We have started to do work for cities that are undergoing redevelopment, who want to attract certain sorts of companies into an area,’ says CEO Andre Doumitt.</p>
<p>‘Up till now, you look on Google Earth and all you can see is rooftops. What we do is let you click on that rooftop and see who is in that building, and who are in the buildings around you, so that you can really get an idea of a neighborhood. We can deliver a lot of information.’</p>
<p>Just how much information is impressive. Go to one of Geosemble’s projects, the El Segundo website (www.elsegundobusiness.com), and you can home in on a particular area. By clicking on a roof you can drill down, uncovering information on the businesses you might be rubbing shoulders with, and all the restaurants, theatres and entertainment centers in the area.</p>
<p>The system depends on the ability of Geosemble’s technology to accurately overlay geospatial information on top of map data to achieve an absolute match between the two. When this is done, the system can then input information obtained from the web and other data sources to pinpoint a building and identify it.</p>
<p>This then allows the company to add other information gathered from the internet to a building’s data model. Precise data about what the companies in a block are doing, number of employees, recent news, etc, can then be displayed on a data readout.</p>
<p>So sophisticated is the system that it can also pull in information from social networking sites to present an even richer data picture. In the case of restaurants, you can even pull up menus if that information has been made available.</p>
<p>Geosemble’s business model is simple. The internet is changing, broadening and deepening; whereas once we expected a picture to be just that, now we want more information about what we are looking at than just a newspaper caption.</p>
<p>In the future, an image will be considered merely the entry point to somewhere in the real world.</p>
<p>This process is now gathering pace. With Google mapping streets in 3D, companies building interiors in 3D, and shopping centers and high streets developing websites about their services, a complex overlay of pictures and data is developing that mobile phone companies are now exploiting so as to be able to tell you where you are in that world, and what is around you.</p>
<p>‘If that information is open source or in the public domain, then we can display it. We can take geographic context and with our data-search techniques link that and other information to pinpoint content onto a particular location. In the old days, you would have to gumshoe it. Now, all you have to do is click on an image and you see a whole bunch of other information,’ says Doumitt. ‘A while ago, you would buy a computer that said ‘Intel inside’: well, now we’re the data inside when you tap on an image.’</p>
<p>This means that Geosemble can cut down on the time needed to research an area by presenting planning applications and development plans for an area alongside social and business information.</p>
<p>‘I see this as removing a lot of the fear that is involved in moving into an area,’ says Doumitt. ‘If you are looking to move into an area, it’s a bit awkward to go around and talk to people and ask them about what the area is like and what that gloomy-looking building is across the street. With this technology, you can determine if you want to make an investment decision very quickly.</p>
<p>‘For people investing in a home, that’s a big deal: they tend to only make those decisions three or four times in their lives. If it’s something like a business, then it can be crucial in being able to attract high-calibre staff.’</p>
<p>Costing around $10,000 to set-up for a small city, and with an annual maintenance fee of $2,000, Doumitt underlines the point made by Emmart 10 years ago about the model for the universe.</p>
<p>‘What can be accomplished all depends on the depth of the information and the frequency with which it is updated. We have got to the stage now with the internet when we are beginning to expect more and more from our images – we are aiming to be the data behind those images.’</p>
<p><strong>• </strong><strong>Geosemble Technologies</strong><em> provides automatic techniques for integrating and displaying geospatial information, including maps, aerial imagery, news, events, databases, businesses and more. For more information please visit: </em><strong>www.geosemble.com</strong></p>
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		<title>Tomorrow&#8217;s listings on today&#8217;s Lane</title>
		<link>http://blog.unitedlane.com/2009/05/tomorrows-listings-on-todays-lane/</link>
		<comments>http://blog.unitedlane.com/2009/05/tomorrows-listings-on-todays-lane/#comments</comments>
		<pubDate>Wed, 06 May 2009 11:33:51 +0000</pubDate>
		<dc:creator>paul.carroll</dc:creator>
				<category><![CDATA[3D Visualization]]></category>
		<category><![CDATA[Marketing]]></category>
		<category><![CDATA[Real Estate News]]></category>
		<category><![CDATA[3D Interactive Floor plan]]></category>
		<category><![CDATA[3D Photorealism]]></category>
		<category><![CDATA[blogging]]></category>
		<category><![CDATA[commercial real estate]]></category>
		<category><![CDATA[marketing material]]></category>
		<category><![CDATA[real estate website]]></category>
		<category><![CDATA[technology trends]]></category>
		<category><![CDATA[United Lane]]></category>
		<category><![CDATA[US Realtors]]></category>

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Blog: Mark Foreman
The constantly evolving technologies that help
us market and sell real estate all started with Gutenberg’s printing press in or around 1450. Fast forward to 2009. Fax [...]]]></description>
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<p><strong>Blog: Mark Foreman</strong></p>
<div id="attachment_247" class="wp-caption alignleft" style="width: 160px"><img class="size-thumbnail wp-image-247" style="margin: 0px 5px;" title="mark" src="http://blog.unitedlane.com/wp-content/uploads/2009/05/mark-150x150.jpg" alt="mark" width="150" height="150" /><p class="wp-caption-text">‘Virtual tours are great, but what if you don’t like the color of the living room?’</p></div>
<p>The constantly evolving technologies that help<br />
us market and sell real estate all started with Gutenberg’s printing press in or around 1450. Fast forward to 2009. Fax machines, cell phones, digital cameras and the internet have created marketing tools unimagined 30 years ago – so what will the future of real estate marketing and sales look like?</p>
<p>No one really knows, but sci-fi author and techno-visionary William Gibson once said, ‘The future is already here – it is just unevenly distributed.’ Some innovative companies are already showing a glimpse of how agents will market their listings in the not-too-distant future: 3D technology is at the center of this movement.</p>
<p>Potential buyers already have the ability access property data, photos, flat floor plans, photo tours and virtual tours online, before they venture out to physically tour the homes. In the very near future, agents will be able to walk buyers through their listings virtually. If they don’t like the wall colors or floor style, they will change them with the click of a mouse. Want to see what the rooms look like with furniture? Simply arrange and rearrange with your index finger. Just about any item in the home will be viewable in a different style or color.</p>
<p>As a Realtor for over 21 years, I have worked with a lot of buyers who look at a lot of houses that they never buy. Some just like to look. And I can’t tell you how many times I have heard, ‘My furniture will never fit in this space.’ Having my buyers ‘fit’ their furniture in the rooms before they go out and look at the homes would make a tremendous time saving. They would only then look at homes about which they already have a sense of the interior size and layout. Most of my clients end up spending a lot of time envisioning how the walls will look in a certain color, or asking, ‘What if I changed the floors to hardwood from carpet?’</p>
<p>Many Realtors already use floor plans as part of their marketing package, which add depth to the information a potential buyer uses in making a decision whether or not to go see a home. Virtual tours are great, but what if you don’t like the color of the living room? How can you tell if a King-sized bed will fit in the master bedroom? A two-dimensional static floor plan lets you see the room layout, but it won’t allow you to place furniture in the rooms or play with different wall colors.</p>
<p>A new program, being developed by the Denmark-based United Lane Corporation, will soon allow home shoppers and commercial tenants to make and see these changes online. United Lane’s software takes that 2D floor plan and converts it to an interactive virtual 3D model that then becomes an open house – 24 hours per day. No more Sunday open houses; no more asking the sellers to leave for the afternoon; no more baking gingerbread cookies to make the house smell ‘homey’. Any buyer can look at and ‘walk through’ the listing anytime, from anywhere in the world. That’s powerful marketing.</p>
<p>It’s rare when a product/concept so unique and intuitive first comes to the market and almost everyone can immediately see how this could change the face of several industries. The early version of the program is impressive to say the least, but high-definition, video-quality 3D walkthroughs are already in the development stages. And purchasing consumer products through this venue might be as easy as clicking the Dell laptop on the desk in the den and inputting your credit card info.</p>
<p>It won’t be too long before every single piece of commercial and residential property in the world will have an interactive 3D rendering of the layout available to the owner, or made accessible to the public if the home is for sale. Planting a virtual ‘For Sale’ sign in front of these homes and buildings will let the world know that this property is on the market. Potential buyers will be able to ‘cyberwalk’ down United Lane, popping into the properties they are interested in seeing. Agents will benefit by taking buyers only to homes that they have a high level of interest in. The possibilities can only be imagined…</p>
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		<title>Brokering a reputation</title>
		<link>http://blog.unitedlane.com/2009/04/brokering-a-reputation/</link>
		<comments>http://blog.unitedlane.com/2009/04/brokering-a-reputation/#comments</comments>
		<pubDate>Fri, 17 Apr 2009 15:51:51 +0000</pubDate>
		<dc:creator>paul.carroll</dc:creator>
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The glut of properties on the market due to the property slump has put power squarely in the hands of the customer, a change that has been seized [...]]]></description>
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<p><strong>The glut of properties on the market due to the property slump has put power squarely in the hands of the customer, a change that has been seized on by the commercial real estate broker Choyce Peterson</strong></p>
<p>The firm has launched a radical new website that offers free advice to companies on how to renegotiate their leases and take advantage of the current market conditions.</p>
<p>‘Tenants are now the 800lb gorilla and they actually have a lot of negotiating power,’ said company principal and co-founder Alan Peterson.</p>
<p>‘Up till now it is only large companies that have been able to buy in the expertise to really challenge their leases. The recession has now given all tenants that advantage.’</p>
<p>Current market conditions have seen many companies contracting as they lay off staff – or closing their operations altogether. Those companies downsizing have been seeking either smaller premises or changes to their lease that free them of office space they no longer need – a development that has lead to an inevitable focus on the contracts that they signed in the first place. It is this change that Choyce Peterson is seeking to exploit.</p>
<p>‘Around 90 per cent of people who relocate go through a broker to help them find premises. However, far less than that use a broker to negotiate their leases for them, so we are providing an online checklist for people that allows them to do that,&#8217; said Peterson, adding, that it was now possible to not only get a 20 per cent reduction in rent, but also to get substantial changes in sub-clauses.</p>
<p>‘Some agreements have written into them that a tenant cannot sub-let to a neighbouring company in an office block, which was a clause that put the power into the hands of the owner.</p>
<p>‘Another element that we saw growing was the calculation of square footage to include the lobby and machine and utility rooms. Seeing as everyone in a building shares those facilities it was just a tax that allowed a building’s owners to levy an extra 20 per cent. That can now be negotiated away.’</p>
<p>The move by Choyce Peterson to put information online that might be seen as the ‘bread and butter’ of their business is part of a calculated play by the company to build brand awareness.</p>
<p>It’s a trend that others in the real estate industry are expected to follow suit on. By offering free services such as advice on the local community, information about schools, and the culture and lifestyle of an area, real estate companies will enhance the perception of themselves as an organization.</p>
<p>This associative process is now being used by some of the biggest brands in the world to bolster their image, with companies such as Nike now expected to offer a range of services via mobile phone and internet that will have nothing to do with sports shoes, but which will demonstrate community values, trustworthiness and reliability.</p>
<p>A point not lost on Choyce Peterson. ‘We believe that people coming to the site will view us as experts in the market. Some people will use the free services on the site but we think others will consider the process as too complicated and will see the value in using us to negotiate for them,’ said Peterson.</p>
<p>‘We think that this will raise the bar for the whole industry.’</p>
<p>It is a process that is being gradually embraced by other sectors of the real estate market. Competition for customers is leading to a demand for website differentiation that will enhance customer experience and create brand awareness.</p>
<p>United Lane has not been slow on the uptake. ‘It is one of the reasons for our technology,’ said CEO Aamir Butt. ‘The 3D technology we have developed allows customers to get more out of visiting a site and provides them with a free service that lets them decorate and furnish a property and get some idea of its potential.</p>
<p>‘Being able to do that is good for the realtor because it provides them with leads, and good for the client because it provides them with an enhanced service that they did not have before. That enhanced experience builds trust and reputation for the realtor’s website.’</p>
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