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March 7, 2021
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Business Review Western MI
Business Review Western MI
MEDC Listing Service
(2007-04-25)
(wgvu) - The Michigan Economic Development Corp. signed a contract this month
with the Commercial Board of Realtors to use the group's information
exchange as the statewide listing data base for economic developers.

CBOR's Commercial Property Information Exchange, known as CPIX, will
allow economic developers to access listings and list properites owned
by the municipality or the agency on the system. CPIX replaces
misite.net, which the state has used for several years.

The original MEDC site was created before CPIX, and it's antiquated,
it's not user-friendly, it's not utilized by enough people, said CBOR
board member Ellie Callander, owner of Prudential CRES Callander
Commercial in Portage. It's a wonderful union between these two
organizations bringing information together.

CBOR courted such a marriage for several years, CBOR President Bill
Milliken said.

CBOR has aspired for 10 years to have one statewide commercial property
data base for brokers in Michigan, said Milliken, who owns Milliken
Realty in Ann Arbor.

Four years ago, when CBOR signed with Catalyst Inc. to negotiate a
private label version of CPIX, MEDC representatives attended an
information session on the software and showed interest then, Milliken said.

The CPIX system now has been integrated into the MEDC Web site, MEDC
President James Epolito said, in the group's announcement.

CPIX registers 38,000 hits per day and includes 4,000 industrial
property listings, CPIX Executive Director Nancy McKellar said.

Each (economic development) office will buy a CBOR membership and a
CPIX membership, which will allow them to input properties and search
100 percent of the information, McKellar said. There are approximately
80 economic development offices in the state, so we could add that many
members to CBOR and to CPIX. This would raise CBOR membership to 750 to
800.

Economic developers will pay almost the same as brokers for membership
negotiations began last summer before CBOR raised its dues $195 per
year for CBOR and $40 per month for CPIX.

Having access to the site will speed economic developers' search for
properties, Callander said, as they often have to seek listings directly
from brokers. Having direct access to a frequently updated site will
allow them to respond to potential users much faster, she said.
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