Where Real Estate Gets Its Dirt

CoreLogic

My thanks to CoreLogic for sponsoring Vendor Alley again this month.

If you are an MLS organization, it’s time to transition from old-school RETS to modern Web API. Launched by CoreLogic just this week, Trestle Direct offers a new way for MLSs to provide agents, brokers, and technology companies Web API access to non-standardized listing data and additional assets such as contacts, saved searches, and more. Now available exclusively to Matrix clients at no cost and provided through Trestle, CoreLogic’s data distribution platform, for accessible data licensing management.

CoreLogic is also a Diamond Sponsor at the Spring RESO Conference next week in San Antonio, TX. Make sure you say hello.

CoreLogic

My thanks again to CoreLogic for sponsoring this month of Vendor Alley. Their team has been super busy and the hard work has paid off. Their mobile MLS platform solution, MLS-Touch now has over 700,000 agents. To find out more please click here => MLS-Touch

CoreLogic

My thanks to CoreLogic for sponsoring Vendor Alley this month. If you are an MLS organization be sure and check out MLS-Touch a great tool for your members that need to stay connected to critical listing data, tax data, and client activities while you’re on the go. I’ve admired what Charles and his team at Prospects have bulit for a long time now and happy for the success they are experiencing. My thanks again to CoreLogic.

Patrick Dodd was officially named CoreLogic CEO

CoreLogic Names Patrick Dodd CEO

“Charles Davis, CEO of Stone Point Capital, said, “We are thrilled that Pat is assuming the role of CEO on a permanent basis. Pat has demonstrated his dedication to the company following his role as CoreLogic’s chief operating and growth officer and holds almost three decades of proven leadership and value creation in the information services industry. We look forward to continuing to work with Pat as CoreLogic advances its strategic priorities.”

From what I’m hearing is that Pat has been actively reaching out and meeting with MLS clients personally, in person. Which I think is a first for a CoreLogic CEO. He and the entire CorLogic executive leadership team was at CoreLogic Client Summit. Another first.

So far I like this guy’s style.

Frank Martell is no longer the CEO of CoreLogic

I’m hearing from multiple sources that Frank Martell has resigned as CoreLogic CEO. Developing…

UPDATE: CoreLogic Announces CEO Appointment

Kevin Greene to lead CoreLogic RES Sales Team

Looks like Kevin Greene got promoted. His new role is Executive, Real Estate Solution Sales. My understanding is he now has “leadership responsibility for RES sales strategy and execution.”

Please join me in congratulating Kevin on his new role!

CoreLogic renames Matrix, Trestle, and Realist. Nobody knows why.

  • CoreLogic Listing Management Platform (Matrix™)
  • CoreLogic Property Insights Platform (Realist®)
  • CoreLogic Property Data Marketplace (Trestle™)

Rolls off the tongue, doesn’t it?

Chris Bennett and Amy Gorce start a new consulting company – PRESTA

INDUSTRY VETS LAUNCH PRESTA TEAM

“Today Chris Bennett and Amy Gorce announced the launch of PRESTA Team, a new company that will leverage their combined 60+ years of industry experience to provide consulting and advisory services in the real estate space. Throughout their careers, Chris and Amy have accumulated valuable insight into many aspects of organized real estate and aim to assist MLSs, Brokers, and Proptech companies strategically navigate through times of unprecedented competition and change.

PRESTA is an acronym, “Premier Real Estate Solutions and Technology Advisors“. There was certainly a hole left by Clareity Consulting when CoreLogic acquired them back in 2017. T3Sixty have been quick to try and fill the vacuum as well as WAV Group. I respect both Chris and Amy and know the industry will be a better place with their insights. I’m sure they are both nervous and excited about their new adventure and I can’t help but feel a little bit jealous of starting something new.

My best wishes to Chris and Amy, looking forward to seeing you both soon!

CoStar blinks. Withdrawals bid for CoreLogic

CoStar Group Withdraws Bid to Acquire CoreLogic

CoStar Group continues to believe that a strategic combination of CoStar and CoreLogic had the potential to create significant value for all shareholders, and that CoreLogic is an excellent company with a talented team. CoStar Group is committed, however, to maintaining its disciplined approach to valuation as it pursues strategic acquisitions.

Mr. Florance continued, “We wish to congratulate Stone Point and Insight Partners on their successful bid to acquire CoreLogic. We thank the CoreLogic Board and management team for including us in the process and congratulate them on achieving a strong valuation for their shareholders.”

Looks like the holiday party is back on.

Not so fast! CoStar ups the bid for CoreLogic

Costar Group (CSGP) Offers to Acquire CoreLogic (CLGX) for $95.76 Per Share

“Today, CoStar Group, Inc. (NASDAQ: CSGP) delivered a letter to the Board of Directors of CoreLogic (NYSE: CLGX) setting forth the terms of a superior proposal by CoStar Group to acquire 100% of the equity interests of CoreLogic. Under the terms of the proposal, CoreLogic shareholders would receive 0.1019 shares of CoStar Group common stock in exchange for each share of CoreLogic common stock, representing a value of approximately $95.76 per share based on CoStar Group’s closing share price on February 12, 2021.”

Seems a little more complicated than Stone Point Capital and Insight Partners all cash deal. Real estate is hot hot hot!

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