"They are not closing their doors," the spokesperson said. "Andthey are not going to change their business model," a reference toCapitalThinking, the on-line lender that revamped itself a fewweeks ago. There is going to be reorganization and a redeploymentof assets. "But RealtyIQ will remain a research-driven informationservice provider. It is fair to say, however, that the company willhave to reprioritize the markets and focus on doing an even betterjob in some of the markets they are in right now," the executiveconcluded.It wasn't all that long ago that RealtyIQ made news onits mercurial rise in the industry, when it purchased Cushman &Wakefield's SiteSolutions database earlier this year. That purchaseset off a firestorm of controversy about brokerdisintermediation.

Company president Bruce Weissberg was not available for comment.GlobeSt.com will follow this story as developments come tolight.

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John Salustri

John Salustri has covered the commercial real estate industry for nearly 25 years. He was the founding editor of GlobeSt.com, and is a four-time recipient of the Excellence in Journalism award from the National Association of Real Estate Editors.

Connie Gore

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