PropertyShark gets new real estate

After being acquired in the spring by a California company, PropertyShark.com is seeing some big changes — starting with its office. The online real estate database company moved to 370 Lexington Avenue late last year, a space three times the size of its original office at 9 West 29th Street, according to Brian Scully, PropertyShark’s director of marketing.

Scully said that the new owner, real estate software company Yardi Systems, was consolidating some of the companies it had acquired over the last year, including two relaunched real estate publications, Multi-Housing News and Commercial Property Executive.

“We’re definitely a part of the Yardi family [and] frankly, it’s a nicer office,” Scully said of the building near Grand Central Terminal. “Each of [the companies] is being run separately, but there are some synergies.”

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Scully alluded to several planned “new products” that would integrate the Yardi-acquired companies over the next several months. While he said he can’t reveal specifics, the earliest roll-out date could be in the next month.

And there are changes planned for PropertyShark, too.

The company is planning to broaden its focus beyond New York, Scully said.

“We didn’t have the power, people or money to do that” when PropertyShark began, Scully said. “[We’re] expanding our data collection in other markets.”