RealPulse.com Inc., a New York-based company, launched on May 3, 2000 “The Realm”, an interactive website that will function as the first business to business e-commerce hub for the commercial real estate industry. The actual website (www.theRealm.com), owned by RealPulse.com Inc., will be formally launched later this year. Funding for The Realm has been secured, in part, by US$140 million of first-round equity financing. The investment represents the largest-ever first-round equity financing for a real estate-related Internet venture.
On behalf of The Realm, RealPulse has acquired four of North America’s leading commercial real estate technology firms—ARGUS Financial Software, B.J. Murray, Inc., CTI Limited, Inc. and Newstar Solutions —to supply front and back-end office enterprise software for the project.
Lawrence Wilder, Tom Koutoulakis, Ann Watterworth and Candice Solomon of Cassels Brock & Blackwell LLP acted for RealPulse, while John Burns of Gowling, Strathy & Henderson represented Newstar Solutions. Brobeck, Phleger & Harrison LLP represented RealPulse in the U.S. Weil, Gotshal & Manges LLP of New York acted for the investor group.