Corrections or additions?
This article by Barbara Fox was published in U.S. 1 Newspaper on
October 13, 1999. All rights reserved.
Between the Lines
Stories in this paper demonstrate both the great promise
and the even greater challenge of the Internet. At
read the details of the demise of the National Business Employment
Weekly, the first major print newspaper unable to staunch the flow
of employment ads from print to cyberspace. This 20-year-old Dow Jones
publication will now let its website, http://www.careers.wsj.com ,
carry the freight.
Then at http://www.princetoninfo.com/199910/91013c01.html — as
part of our biannual residential real estate
issue — you can read about the many permutations of searching
for a house on the Internet. Here it appears the cyber-listings will
not be so quick to replace the existing structure of agents and
The Internet, it seems to us, works best where there is lots of
freely available. Employers have always been posting job openings
on everything from the lunchroom bulletin board to telephone poles
to print or virtual classified sections. In contrast, real estate
agents have always tried to limit information. Multiple listing
slapped copyright marks on their books, and agents guarded them like
gold. The advantage to having a real estate agent was that your agent
had the Key to the Book. Now some — but not all — of the
is on line.
What’s not on are the addresses. As Barbara Fox discovered, the
websites must deal with the tension between making the information
freely available and protecting the privacy of those who are selling
their homes. Do sellers want their street address accessible to
around the world?
Another problem with the Internet is the gap between the time a
agreement is signed and the day when surfers can find it on
As Tod Peyton of Peyton Realty says, "The really good stuff may
come and go very fast." Not everyone will be satisfied with
a week old. They may want an agent to keep them informed when a hot
property first gets listed.
At U.S. 1 we try to make as much relevant information accessible as
quickly as possible. But the world keeps moving. Even as we were
up last week’s cover story
http://www.princetoninfo.com/199910/91006c01.html on the Commons,
developed by SJP Properties
at 7 and 9 Roszel Road, the ownership of the Commons passed —
quietly, as planned — to Prudential, one of the major investors
in the project.
The day we distributed that paper, there came an announcement that
the company that built the Commons, the Bovis Group, had also been
also just sold. Lend Lease Corp., based in Australia, paid nearly
$500 million for the construction firm, which has an office at
Village. No changes are planned for the Princeton office, except for
a move to its next new building, at Alexander Road and Vaughn Drive.
SOME ZEROS went haywire in listings for College Park at Princeton
Forrestal Center. The building at 307 College Road has 20,000 square
feet available at $25.50 gross rent, plus tenant electric. Our
said 2,000 feet. At 101 College Road, also for $25.50, there are
available feet: 9,000 on the first floor, 2,787 on the second floor,
and 3,394 feet on the third floor. Call 609-452-1300.
Corrections or additions?
This page is published by PrincetonInfo.com
— the web site for U.S. 1 Newspaper in Princeton, New Jersey.