![]() | |
Type of site | Subsidiary of Yardi Systems |
---|---|
Founded | 2003 |
Headquarters | |
Key people | Matthew Haines, Founder |
Industry | Technology, Real Estate |
URL | www |
PropertyShark is an online real estate database and property research tool that provides building details, ownership information, comparable sales, and foreclosure data [1] to real estate professionals in New York and other major U.S. markets. [2] [3] Launched in January 2003 by Matthew Haines, [4] [5] the real estate database and research website was acquired by Yardi Systems and integrated into its suite of software in 2010. [6]
PropertyShark was founded by real estate investor and software developer Matthew Haines following his work on renovating a five-family brownstone in Harlem. [7] The initial website launched on New Year's Day in 2003 and was first named MatthewHaines.com and later changed to NYCpropertyresearch.com. [4] [8] Haines reportedly created PropertyShark to make real estate data more accessible and help potential homeowners become more comfortable in investing in the neighborhood. [7]
In 2004, Haines was joined by his college friend, Ryan Slack, who became co-owner and CEO of PropertyShark. [9] [5] Under Ryan Slack, the real estate site reportedly explored more creative content, such as listing air rights available above buildings, photographs of every property in Manhattan, phone numbers of property owners, or thematic real estate maps. [10]
By 2006, PropertyShark evolved to include 20 million properties in 16 markets across the U.S., including New York City. [9]
In 2006, Bill Stanford joined as vice president of sales and became the CEO two years later. [11] Stanford exited PropertyShark in 2010 [11] when the firm was sold to Yardi Systems, a company specializing in real estate investment and property management software. [12] Matthew Haines continued as vice president of the company. [13]
The acquisition by Yardi Systems aimed to expand PropertyShark's database nationally. [6] Since the acquisition, PropertyShark has developed several additional services for real estate professionals, gathering data from various public and proprietary sources [4] to provide property information. For example, in 2019, the company launched Platinum Real Owners Behind LLC Owned Properties, which helps users identify the true owners behind LLCs. [2]
PropertyShark focuses on providing residential and commercial real estate data, including property classifications, lot sizes, ownership information, contact details, maps, recent sales prices, comparables, for-sale and for-lease listings, foreclosures and pre-foreclosures, taxes and information on zoning regulations. [12] [14] PropertyShark allows users to research residential or commercial properties with a free account, [15] but most features require a paid subscription. [16]
Lawrence Joseph Ellison is an American businessman and entrepreneur who cofounded software company Oracle Corporation. He was Oracle's chief executive officer from 1977 to 2014 and is now its chief technology officer and executive chairman.
A multiple listing service is an organization with a suite of services that real estate brokers use to establish contractual offers of cooperation and compensation and accumulate and disseminate information to enable appraisals. A multiple listing service's database and software is used by real estate brokers in real estate, representing sellers under a listing contract to widely share information about properties with other brokers who may represent potential buyers or wish to work with a seller's broker in finding a buyer for the property or asset. The listing data stored in a multiple listing service's database is the proprietary information of the broker who has obtained a listing agreement with a property's seller.
Foreclosure is a legal process in which a lender attempts to recover the balance of a loan from a borrower who has stopped making payments to the lender by forcing the sale of the asset used as the collateral for the loan.
The 2000s United States housing bubble or house price boom or 2000shousing cycle was a sharp run up and subsequent collapse of house asset prices affecting over half of the U.S. states. In many regions a real estate bubble, it was the impetus for the subprime mortgage crisis. Housing prices peaked in early 2006, started to decline in 2006 and 2007, and reached new lows in 2011. On December 30, 2008, the Case–Shiller home price index reported the largest price drop in its history. The credit crisis resulting from the bursting of the housing bubble is an important cause of the Great Recession in the United States.
PREIT (Pennsylvania Real Estate Investment Trust) is a privately held company that owns and develops shopping centers mostly in the Mid-Atlantic states.
Salesforce, Inc. is an American cloud-based software company headquartered in San Francisco, California. It provides customer relationship management (CRM) software and applications focused on sales, customer service, marketing automation, e-commerce, analytics, and application development.
Zillow Group, Inc., or simply Zillow, is an American tech real-estate marketplace company that was founded in 2006 by Rich Barton, Zillow's current CEO, and Lloyd Frink, former Microsoft executives and founders of Microsoft spin-off Expedia; Spencer Rascoff, a co-founder of Hotwire.com; David Beitel, Zillow's current chief technology officer; and Kristin Acker, Zillow's current technology leadership advisor.
The Furman Center for Real Estate and Urban Policy is a joint center at New York University School of Law and the NYU Wagner School of Public Service. The Furman Center was established in 1995 to create a place where people interested in affordable housing and land use issues could turn to for factual, objective research and information. Since that time, the Furman Center has become an authority on such matters in New York City. The Furman Center has a three-part mission, including providing objective academic research about land use, real estate, housing and urban affairs, with a particular focus on New York City, promoting intense debate and productive discussion among elected, academic, and industry leaders, and presenting essential data and analysis about the state of New York City's housing and neighborhoods.
United States housing prices experienced a major market correction after the housing bubble that peaked in early 2006. Prices of real estate then adjusted downwards in late 2006, causing a loss of market liquidity and subprime defaults.
Jones Lang LaSalle Incorporated (JLL) is a global real estate services company, founded in the United Kingdom with offices in 80 countries. The company also provides investment management services worldwide, including services to institutional and retail investors, and to high-net-worth individuals, as well as technology products through JLL Technologies, and VC investments via its PropTech fund, JLL Spark. The company is ranked 190 on the Fortune 500.
Cyberhomes is a real estate website owned by Fidelity National Financial and Lender Processing Services (LPS). It lists the most current sales of homes in a neighborhood by similar sales.
William Wheeler Smith, AIA, professionally known as "W. Wheeler Smith," was an American architect and developer active in late-nineteenth- and early-twentieth-century New York City. His home office was located at 17 East 77th Street, New York City. He previously occupied 971 Madison Avenue.
Atlassian Corporation is an Australian-American software company that develops products for software developers, and project managers among other groups. The company is domiciled in Delaware, with global headquarters in Sydney, Australia, and US headquarters in San Francisco.
CoreLogic, Inc. is an Irvine, CA based leading information services provider of financial, property, and consumer information, analytics, and business intelligence. The company analyzes information assets and data to provide clients with analytics and customized data services. The company also develops proprietary research, and tracks current and historical trends in a number of categories, including consumer credit, capital markets, real estate, fraud, regulatory compliance, natural hazards, and disaster projections. The company reported a full 2020 revenue of $1.6 billion. As of 2021, CoreLogic is a Fortune 1000 company.
HomeVestors of America, Inc. is an American privately owned, real estate investing franchisor. It is independently owned and operated franchisees buy homes in need of repair and homes that owners need to sell more quickly than usually can be done through a realtor. Franchisees usually renovate and sell or rent the homes. The company operates in 45 states with over 1000 franchises and growing.
RealtyTrac is a real estate information company and an online marketplace for foreclosed and defaulted properties in the United States. It was founded in 1993 and is based in Santa Barbara, California. It publishes a monthly U.S. Foreclosure Market Report.
Hill West Architects is a New York City based architecture firm which works on the planning and design of high-rise residential and hospitality buildings, retail structures and multi-use complexes. They have participated in the design of prominent structures in the New York City metropolitan area. The firm was founded in 2009 by Alan Goldstein, L. Stephen Hill and David West.
Property technology is used to refer to the application of information technology and platform economics to the real estate industry. Property technology overlaps with financial technology, including uses like online payment and booking systems. Grammatically, the portmanteau "proptech" is formed from two common nouns: "property" and "technology." As such, capitalizing it is grammatically incorrect.
Ryan Williams is a technology entrepreneur best known as the CEO and founder of Cadre, a New York-based technology company. He was named to Fortune's "40 under 40" list for 2019, Forbes' "30 under 30" list for 2018, "Crain’s 40 under 40" list for 2017, is one of Commercial Observer’s "30 under 30" and has been profiled in Forbes, Ivy, and other publications. In February 2019 he was profiled and on the cover of Forbes Magazine in the "FinTech 50" issue; in 2022 he was a Business Insider "Top 100 Global Leaders Changing Business."
HFZ Capital Group is a real estate development and investment company based in New York City. Ziel Feldman founded HFZ in 2005 and is chairman. As of 2019, HFZ managed more than $10 billion worth of development.