New York appraisal and consulting firm Radar Logic Inc., a real estate data and analytics company.

In September, both companies
announced that Radar Logic had reached an agreement to acquire Miller Samuel Inc. The companies had formed Radar Logic LLC in April to collaborate in research and consulting.

New York appraisal and consulting firm Miller Samuel Inc., has parted from Radar Logic Inc., a real estate data and analytics company.

In September, both companies
announced that Radar Logic had reached an agreement to acquire Miller Samuel Inc. The companies had formed Radar Logic LLC in April to collaborate in research and consulting.

Jonathan J. Miller, president and CEO for Miller Samuel, had taken a position as executive vice president of Radar Logic Inc. as a part of the planned acquisition.

“The deal did not close and Miller Samuel has decided to move on,” according to a Friday announcement by Miller Samuel. “We will explore new opportunities, continue to prepare and expand our series of market reports on the New York region and provide housing commentary in a local, national and international context.”

In a blog post, Miller wrote, “I was so confident in the deal being completed by year-end that I agreed to assume the role of executive vice president and director of research before the deal closed. I created the (Residential Property Index) Monthly Housing Market Report, provided my expertise, spoke on behalf of the company on real estate matters and made presentations at conferences.

“The end of the year came and went. I have decided it was best for Miller to move on.” Miller described the breakaway from Radar Logic as “amicable.”

Miller told Inman News today that he does not currently have any involvement with Radar Logic or its Residential Property Index (RPX) but may consider it in the future.

RPX gauges daily changes in the price per square foot of homes in major U.S. metro areas. Earlier this month, Radar Logic reported that the company supplied data and analytic support to the U.S. Housing and Urban Development Department in calculating median home prices in counties across the country — this assisted the agency in establishing new conforming loan limits under a federal stimulus plan.

In November, trading of derivatives and other financial instruments in the RPX market surpassed the $250 million mark, and trading in that market began on Sept. 17.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Black Friday starts now! We've got great deals on Inman Connect New York in-person and virtual tickets. Register now×
Cyber Week Sale: Get 1 year of Inman Select for $75.SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription