X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

SAN FRANCISCO-The newest entrants into the virtual real estate transaction industry is a partnership between Bank of America, IBM, Prudential Insurance and locally-based netStruxr. The platform, known as SPACEdirect, is being touted as a “buyer-centric” Web portal designed to shorten transaction times and increase efficiencies for buyers, owners and service providers.

Prior to the current partnership, B of A, IBM and Prudential were already exploring the possibility of developing their own similar application. The three were looking for a technology partner who could provide a workable solution for transactions on the Web, and found it in netStruxr’s SPACEdirect. The three companies have all taken ownership interests in netStruxr.The collaboration brings nearly $3 billion in transaction volume to the SPACEdirect platform.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.