CPIX.net, Michigan’s Commercial Property Information Exchange, Celebrates 20-year Anniversary
Howell, Michigan, April 20th, 2023. The Commercial Board of REALTORS® – Michigan (CBOR) announces that CPIX.net, its statewide Commercial Property Information Exchange (CIE), is celebrating 20 years of service this month.
In 2003, CBOR initiated a search for a commercial real estate software company to partner with and created a relationship with Catylist. Catylist caters to commercial real estate focused associations, allowing them to create rules, determine pricing, and have administrative control over members and data. Most importantly, Catylist allows CBOR to own the compilation of data collected from members. Data ownership is a critical point to operating a CIE and it still differentiates Catylist from any other technology provider to date.
In 2021, Catylist was acquired by Moody’s Analytics CRE which provides commercial real estate solutions for brokers, lenders, and investors. Soon, CPIX members will have the advantage of new technology coupled with analytical data. This will enhance the scope of CPIX, expanding its marketing solution to a more robust marketing-research platform and increase the benefits of membership exponentially with the power of Moody’s Analytics CRE.
CPIX member benefits expected to be integrated in 2023 include Enhanced Workflow Tools; Property Records for available and off-market properties; Tax Cards; Loan Data; Commercial Mortgage-Backed Security Data; True Owner Data; Environmental Climate Risk; Market, Submarket, and Property Level Analytics; Sales Comps; New Construction; and Increased International Outreach. Current members have the ability to “Test Drive” the new Catylist|Moody’s CRE platform while preparation to transition to the new technology fully continues.
CBOR, with 700 members, provides Michigan’s commercial real estate practitioners with industry-related professional services and benefits such as CPIX, continuing education, networking, and professional standards.
Nancy Allen, Chief Executive Officer of CBOR and CPIX Executive Director, said, “When CBOR launched CPIX in 2003 many of the CRE professionals were reluctant to share their listing information openly on a public website. After finding ways to overcome the pocket listing hurdle, it became apparent that CBOR not only chose the best possible partner with Catylist but that the timing was perfect for introducing a locally governed alternative to existing national marketing sites. As we celebrate the 20-year CPIX anniversary, I take great pride on behalf of CBOR, our volunteer leadership throughout the years, and the CRE community for embracing the ability to control their own platform and grow CPIX to the incredible service that it is today.”
CPIX.net is available to the general public allowing anyone to search available properties. CPIX Membership upgrades are available to individuals without long-term contracts or listing limitations. Membership in CPIX also auto-syndicates listing data to Commercial Exchange, and a long list of economic development organizations, including the Michigan Economic Development Corporation (MEDC).
For more information, visit CPIX.
Contact: Nancy Allen
Commercial Board of REALTORS® – Michigan