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Katie Finnegan Named First CEO of RealSure Joint Venture

Realogy Holdings Corp. recently announced the appointment of Katie Finnegan as chief executive officer of RealSure®, the company’s iBuyer arm. Finnegan will work to accelerate growth and enhance RealSure’s residential real estate transaction solutions. In her new role, Finnegan will be responsible for developing and marketing RealSure’s consumer solution. Central to Finnegan’s work will be the objective of […] The post Katie Finnegan Named First CEO of RealSure Joint Venture appeared first on RISMedia. Realogy Holdings Corp. recently announced the appointment of Katie Finnegan as chief executive officer of RealSure®, the company’s iBuyer arm. Finnegan will work to accelerate growth and enhance RealSure’s residential real estate transaction solutions. In her new role, Finnegan will be responsible for developing and marketing RealSure’s consumer solution. Central to Finnegan’s work will be the objective of simplifying the consumer experience without removing the personal relationship with an agent. “Realogy continues to invest in RealSure as a strategic growth priority and competitive advantage, helping us win more listings and drive incremental business for affiliated agents and franchise owners,” said Ryan Schneider, chief executive officer and president of Realogy, in a statement. “We believe Katie’s dynamic leadership, deep understanding of today’s consumer, and impressive track record of developing and scaling transformative businesses, will help accelerate growth for RealSure as we work together with expert agents to bring a differentiated home selling and buying experience to more consumers.” “Home Partners of America’s fundamental mission is to make homeownership accessible for more people. The consumer solutions that RealSure provides are an excellent way to build on that goal,” said Bill Young, chief executive officer of Home Partners of America, in a statement. “With Katie’s leadership and laser focus on consumer needs, we are excited for what the future of home selling and buying will become.” Named one of Fast Company’s Most Creative People, Finnegan’s track record across six startup companies she has co-founded and launched over the span of a decade has demonstrated a passion for building, scaling and disrupting the consumer experience. She was most recently chief consumer and e-commerce officer of Rite Aid and was previously the founder and principal of Store No 8, Walmart’s business incubation arm dedicated to transforming the future of commerce. Finnegan joined Walmart as a “key employee” in Walmart’s $3.3 billion acquisition of Jet.com, where she was the Head of Corporate Development, Strategy and Investor Relations. Finnegan joined Jet in 2014 with the acquisition of Hukkster, the retail tech start-up she co-founded in 2012. “Adding to the value RealSure has already established over the past two years for agents and consumers, I believe that RealSure has all the pieces in place to have an even greater positive impact on the consumer experience and residential real estate transaction,” said Finnegan in a statement. “Bringing forth the joy in buying and selling homes while reducing stress and friction for consumers will not only place RealSure at the forefront of Realogy’s affiliated agents’ work, it will also add unmatched value to the current generation of buyers and sellers, giving them a fair shot at competing in today’s high-demand, low supply market.” Currently live in 24 major U.S. cities, RealSure is available to more than 30,000 real estate agents across Realogy’s Better Homes and Gardens® Real Estate, CENTURY 21®, Coldwell Banker®, Corcoran®, ERA®, and Sotheby’s International Realty® brands and the clients they serve.  that helps consumers sell and buy their home with confidence. For more information, please visit www.RealSure.com. The post Katie Finnegan Named First CEO of RealSure Joint Venture appeared first on RISMedia......»»

Category: realestateSource: RISMEDIA6 hr. 6 min. ago Related News

Real Estate Q&A: What Can Neighbors Do About Hoarder’s Unkempt Home?

TNS—Q: A resident of our community is a hoarder and does not maintain his home. We are concerned that the condition of his home will attract pests and cause other problems. The association’s management company sent him letters, but nothing came of it, and the problem is getting worse. Can anything be done? — Brett […] The post Real Estate Q&A: What Can Neighbors Do About Hoarder’s Unkempt Home? appeared first on RISMedia. TNS—Q: A resident of our community is a hoarder and does not maintain his home. We are concerned that the condition of his home will attract pests and cause other problems. The association’s management company sent him letters, but nothing came of it, and the problem is getting worse. Can anything be done? — Brett A: Dealing with this situation is difficult for everyone involved, including the community association. Your community manager can send demand letters, issue small fines and seek an injunction in court if things get bad enough. An injunction is a court order requiring or barring a specific action. For example, a restraining order is a type of injunction. Even if your association files suit and is granted an injunction, it will be difficult to stop the resident from continuing the compulsive behavior. Further, hoarding often stems from a psychological condition, bringing state and federal fair housing laws into play and requiring that reasonable accommodations be made. The first step is to try to help the individual with their issue and contact family members for assistance. If this does not work and your community must sue, be prepared for a long and frustrating process, both in getting the injunction and enforcing it. If the situation gets really bad, for example, if pests are being attracted to the home or the property is becoming dangerous due to lack of maintenance, you should seek the help of your local health and building departments. This is a complicated issue, and I strongly recommend getting the assistance of an experienced attorney to help you navigate the many pitfalls and challenges caused by this situation. Unfortunately, some problems do not have an easy solution. Gary M. Singer is a Florida attorney and board-certified as an expert in real estate law by the Florida Bar. He practices real estate, business litigation and contract law from his office in Sunrise, Fla. He is the chairman of the Real Estate Section of the Broward County Bar Association and is a co-host of the weekly radio show Legal News and Review. He frequently consults on general real estate matters and trends in Florida with various companies across the nation. Send him questions online at www.sunsentinel.com/askpro or follow him on Twitter @GarySingerLaw. ©2021 South Florida Sun Sentinel Distributed by Tribune Content Agency, LLC The post Real Estate Q&A: What Can Neighbors Do About Hoarder’s Unkempt Home? appeared first on RISMedia......»»

Category: realestateSource: RISMEDIA6 hr. 6 min. ago Related News

Mortgage Applications Up but Refinance Interest Waning

Mortgage applications increased 0.3% from one week earlier for the week ending Oct. 22, 2021. According to the latest data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey, the Market Composite Index, a measure of mortgage loan application volume, increased 0.3% on a seasonally adjusted basis from the previous week. The details: – […] The post Mortgage Applications Up but Refinance Interest Waning appeared first on RISMedia. Mortgage applications increased 0.3% from one week earlier for the week ending Oct. 22, 2021. According to the latest data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey, the Market Composite Index, a measure of mortgage loan application volume, increased 0.3% on a seasonally adjusted basis from the previous week. The details: – Unadjusted, the Index increased 0.2%compared with the previous week. – The Refinance Index decreased 2% from the previous week—26% lower YoY. – The seasonally adjusted Purchase Index increased 4% from one week earlier. – The unadjusted Purchase Index increased 3% from the previous week—9% lower YoY. – The refinance share of mortgage activity decreased to 62.2% of total. – The adjustable-rate mortgage (ARM) share of activity decreased to 3.1%. – The FHA share of total applications increased to 10.4%. – The VA share of total applications increased to 10.6%. – The USDA share of total applications remained unchanged from 0.5 percent the week prior. The takeaway: “Mortgage rates increased again last week, as the 30-year fixed rate reached 3.30% and the 15-year fixed rate rose to 2.59%—the highest for both in eight months. The increase in rates triggered the fifth straight decrease in refinance activity to the slowest weekly pace since January 2020. Higher rates continue to reduce borrowers’ incentive to refinance,” said Joel Kan, MBA’s associate vice president of Economic and Industry Forecasting, in a statement. “Purchase applications picked up slightly, and the average loan size rose to its highest level in three weeks, as growth in the higher price segments continues to dominate purchase activity,” added Kan. “Both new and existing-home sales last month were at their strongest sales pace since early 2021, but first-time homebuyers are accounting for a declining share of activity. Home prices are still growing at a rapid clip, even if monthly growth rates are showing signs of moderation, and this is constraining sales in many markets, and particularly for first-timers.” The post Mortgage Applications Up but Refinance Interest Waning appeared first on RISMedia......»»

Category: realestateSource: RISMEDIA6 hr. 6 min. ago Related News

U.S. Home Prices in August Were Up 1%

Nationwide, home prices increased in August by 1% compared to July. According the latest Federal Housing Finance Agency House Price Index (FHFA HPI®), year-over-year, home prices increased 18.5%. “Annual house price gains remained extremely high in August but the pace of month-over-month gains continues to decelerate,” said Dr. Lynn Fisher, FHFA’s deputy director of the […] The post U.S. Home Prices in August Were Up 1% appeared first on RISMedia. Nationwide, home prices increased in August by 1% compared to July. According the latest Federal Housing Finance Agency House Price Index (FHFA HPI®), year-over-year, home prices increased 18.5%. “Annual house price gains remained extremely high in August but the pace of month-over-month gains continues to decelerate,” said Dr. Lynn Fisher, FHFA’s deputy director of the Division of Research and Statistics, in a statement. “This does not mean house prices are at risk of declining—far from it, they continue to climb at a double-digit pace in all regions—but it does suggest we may have seen the peak in annual gains for the time being.” For the nine census divisions, seasonally adjusted monthly house price changes ranged from -0.1% in the New England division to +1.9% in the South Atlantic division. On a yearly basis, changes ranged from +14.9%in the West North Central division to +25.8% in the Mountain division. According to FHFA, their HPI is the nation’s only collection of public, freely available house price indexes that measure changes in single-family home values based on data from all 50 states and over 400 American cities that extend back to the mid-1970s. The FHFA HPI incorporates tens of millions of home sales and offers insights about house price fluctuations at the national, census division, state, metro area, county, ZIP code, and census tract levels. The post U.S. Home Prices in August Were Up 1% appeared first on RISMedia......»»

Category: realestateSource: RISMEDIA6 hr. 6 min. ago Related News

Extell unveils plan for 400,000 s/f medical office building on Upper East Side

Extell Development Company has announced it will be developing the first Class A medical office building on Manhattan’s Upper East Side at 403 East 79th Street.  Located on the East 79th Street corridor, in close proximity to the city’s top hospitals and medical research centers, the 30-story, 400,000 s/f building will be a new construction... The post Extell unveils plan for 400,000 s/f medical office building on Upper East Side appeared first on Real Estate Weekly. Extell Development Company has announced it will be developing the first Class A medical office building on Manhattan’s Upper East Side at 403 East 79th Street.  Located on the East 79th Street corridor, in close proximity to the city’s top hospitals and medical research centers, the 30-story, 400,000 s/f building will be a new construction state-of-the-art facility for the healthcare industry. The building’s anchor tenant will be Hospital for Special Surgery, the world’s leading academic medical center focused on musculoskeletal health. HSS has signed a long-term lease for approximately 200,000 s/fof space spread across the first eight floors. The space will be filled with HSS physician offices and ancillary services for treatment of musculoskeletal conditions, which affect one out of every two people over the age of 18. “As the population ages and in anticipation of increased life expectancy, several medical expansions and redevelopments are already underway on the Upper East Side; however, the current medical office inventory is not equipped to meet the modern tenant’s needs,” said Gary Barnett, Chairman and Founder of Extell Development Company. GARY BARNETT “403 East 79th Street will provide a much-needed new facility to complement the area’s growth. We are pleased to be partnering with HSS, the foremost hospital for orthopedics and rheumatology to anchor the base of the building.” “We are grateful to Extell for building a superb facility that will help us to continue lead the world in specialized patient care, research, innovation and education,” said Louis A. Shapiro, President and CEO of HSS.  “This is an important step in the multi-year transformation of our main campus, and complement to construction of the HSS Kellen Tower over FDR Drive, which is now underway.” The full block site, located on the east side of First Avenue from 79th Street to 80th Street, consists of 10 different parcels that took Extell over a decade to assemble. With the site fully entitled and cleared, the company anticipates breaking ground at the end of first quarter 2022 with completion slated for early 2025. Rendering of the new tower at 403 East 79th Street.  Designed by New York-based Perkins Eastman Architects, the mixed-use building will set a new bar for medical office and research space. The project will feature the latest in modern, user-centered design, infrastructure, and technological specifications. In addition to oversized windows that will offer expansive views and an abundance of natural light, the building will incorporate post-COVID enhancements and specific healthcare solutions, including increased ventilation and enhanced filtration throughout the building. There will also be accommodations for both Department of Health (DOH) and Article 28 requirements for uses such as an Ambulatory Care and Surgical Facilities. The site’s large footprint allows for efficient floor plates with mostly column free spaces  permitting maximum flexibility for tenant fit outs and future improvements and changes in configuration. The building will also include prime retail space on the cellar and ground levels. Avison Young President & Managing Director of New York City Operations Mitti Liebersohn and Principal & Tri-State Chairman Arthur Mirante represented HSS in the negotiations in collaboration with the hospital’s in-house team of Michael Calabrese, Stephen Bell and Stacey Malakoff. Extell was represented in-house in addition to Avison Young Principal Vincent Carrega. The post Extell unveils plan for 400,000 s/f medical office building on Upper East Side appeared first on Real Estate Weekly......»»

Category: realestateSource: REALESTATEWEEKLY10 hr. 34 min. ago Related News

GSA renews at Nuveen’s 86 Chambers Street

Cushman & Wakefield has arranged two office lease renewals totaling nearly 82,000 s/f at 86 Chambers Street near City Hall. Cushman & Wakefield’s David Hoffman, Jonathan Fein and Whitnee Williams represented the landlord, Nuveen Real Estate, in both transactions. General Services Administration (GSA) signed a 72,258 s/f lease renewal covering... The post GSA renews at Nuveen’s 86 Chambers Street appeared first on Real Estate Weekly. Cushman & Wakefield has arranged two office lease renewals totaling nearly 82,000 s/f at 86 Chambers Street near City Hall. Cushman & Wakefield’s David Hoffman, Jonathan Fein and Whitnee Williams represented the landlord, Nuveen Real Estate, in both transactions. General Services Administration (GSA) signed a 72,258 s/f lease renewal covering the entire third through sixth floors. GSA is an independent agency of the United States government established in 1949 to help manage and support the basic functioning of federal agencies. Edward Welbourn and Marcy Owenstest of CBRE also represented the landlord in the transaction. Rapid Ratings signed a 9,534 s/f, long-term lease renewal on the 7th floor. The tenant, a SaaS technology firm providing information on the financial health of public and private companies around the world, was represented by Todd Korren of Avison Young.  86 Chambers Street “Retaining the GSA and Rapid Ratings is a huge win for 86 Chambers and the landlord,” said David Hoffman. “Immediate proximity to City Hall, Tribeca and the Financial District were factors in the tenants’ decision making, but Nuveen’s attentiveness to the property and responsiveness to the tenants sealed the deals.” “It is with great pleasure that we renew both long-term tenants,” said Ines Olesen, Director of New York Investments and Head of Dispositions, Office and Life Science, Americas at Nuveen. “GSA and Rapid Ratings’ decision to stay at 86 Chambers has reinforced our belief in the building’s value proposition and its ideal location that set it apart.” 86 Chambers Street is an 114,891 s/f boutique office and retail condominium with six full floors of office space. The post GSA renews at Nuveen’s 86 Chambers Street appeared first on Real Estate Weekly......»»

Category: realestateSource: REALESTATEWEEKLY10 hr. 34 min. ago Related News

Online cooking brand Food52 moving to Dock 72

Rudin Development and Boston Properties announced that Food52, a premier online cooking and home brand, is moving its New York offices to Dock 72 at the Brooklyn Navy Yard. Food52, which currently has offices in Chelsea, will occupy approximately 42,000 s/f of space spanning the entire 13th floor. As part of... The post Online cooking brand Food52 moving to Dock 72 appeared first on Real Estate Weekly. Rudin Development and Boston Properties announced that Food52, a premier online cooking and home brand, is moving its New York offices to Dock 72 at the Brooklyn Navy Yard. Food52, which currently has offices in Chelsea, will occupy approximately 42,000 s/f of space spanning the entire 13th floor. As part of a 12-year lease, the firm plans to relocate from Manhattan to Dock 72 during the second half of 2022. Co-founded in 2009 by former New York Times food editors Amanda Hesser and Merrill Stubbs, Food52 created a digital hub combining content, commerce, and community around the belief that the kitchen is at the heart of the home and food is the center of a well-lived life. With a monthly reach of more than 25 million people, the site features content such as recipes, videos, and podcasts, as well as a shop featuring its own line of award-winning products for kitchen, home, and life. Food52 was recently named by Fast Company as one of the world’s “Most Innovative Companies” in 2020. “We are beyond thrilled to call Dock72 in the Brooklyn Navy Yard the future home of Food52. Through the pandemic, we redefined our vision for the future of the workplace and how we’ll intertwine our worlds of content and commerce creation just as we do on our site,” said Amanda Hesser, Food52 founder and CEO. “We’re already beginning to build out studios, communal spaces and test kitchens in the light-filled space for our team and collaborators to help even more people enjoy life’s most important pleasures — food, home and connection to others.” MICHAEL RUDIN “Bringing an innovative digital company like Food52 speaks volumes about the appeal of Dock 72 and our vision to create Brooklyn’s most advanced workplace,” said Michael Rudin, Executive Vice President of Rudin Development. “It is a testament to the quality of this project, as well as the technology community’s continued faith in the future of Brooklyn and New York City, and shows that despite the past year and a half that companies like Food52 are growing and still want to be in New York and in the office.” “Dock 72 represents the cutting-edge of 21st century office space, which has been designed and constructed to contain the industry-leading amenities and technical infrastructure needed by today’s modern businesses,” said John Powers, Executive Vice President, New York Region at BXP. “It is an ideal fit for Food52’s brand as it establishes its presence in Brooklyn.” “Being at the forefront of the food industry and digital content, Food52’s new space at the Navy Yard will offer its employees access to the state-of-the-art amenities at Dock 72 while allowing the media site to expand operations,” said David Ehrenberg, President and CEO of the Brooklyn Navy Yard Development Corporation. “Food52 is one of the latest additions to the Yard’s robust industrial ecosystem that enables food and beverage manufacturing companies to thrive by fostering collaboration and innovation.” Opened in October 2019, Dock 72 was the first major ground-up commercial office building to be constructed in Brooklyn in over a decade. Originally a former shipbuilding facility, the site has been reinvented as an innovative and collaborative workspace. Co-developed by Rudin Development, BXP and WeWork, the 16-story, 675,000 s/f office building integrates state-of-the-art class-A office infrastructure with a unique design that honors the Navy Yard’s maritime history. The building features massive, column-free workspaces with 14-foot ceilings and expanses of glass, which allow for an abundance of daylight and fresh air throughout the building. Surrounded by water on three sides, Dock 72 was designed by S9 Architecture, Perkins Eastman and Fogarty Finger Architects and offers 16,000 s/f of outdoor terraces in addition to a large waterfront open space. Employees and guests of Food52 will benefit from Dock 72’s expansive 35,000 s/f of amenities, which includes a rooftop conference center and ground floor food hall managed by FLIK Hospitality and Danny Meyer’s Union Square Events, a state-of-the-art health and wellness center, an open lawn and basketball court and an on-site bike valet, among others. Food52 will also have access to the Dock 72 mobile app, which expedites access to the building and all amenities and provides real-time transit updates. Dock 72 and the Navy Yard are served by a wide array of multimodal transportation, including a NYC Ferry stop just steps from the building, onsite parking, CitiBike access, bus service, and WiFi-equipped shuttle service to major subway lines. Food 52 will relocate from its current offices (above) at 122 West 26th Street. Food52’s new lease coincides with the Navy Yard’s $1 billion expansion, which has helped transform the Yard into Brooklyn’s preeminent tech and innovation hub. The expansion includes Building 77, a one million-square-foot property adjacent to Dock 72, which recently underwent a multi-million dollar renovation featuring a food manufacturing hub on the ground floor. Other recent projects include the redevelopment of Admiral’s Row, which is anchored by a 74,000 square-foot Wegmans Supermarket, and the expansion of Steiner Studios, NYC’s largest and most successful film and television studio. Food52 was represented by Helen Paul and Rico Murtha of Cushman & Wakefield. Robert Steinman, Senior Vice President at Rudin Management Company and Andrew Levin, Senior Vice President, Leasing at BXP, along with Joe Cirone, Ron Lo Russo and Patrick Dugan of Cushman & Wakefield and Sacha Zarba and Freddie Fackelmayer of CBRE represented building ownership in the transaction. The post Online cooking brand Food52 moving to Dock 72 appeared first on Real Estate Weekly......»»

Category: realestateSource: REALESTATEWEEKLY11 hr. 34 min. ago Related News

RE/MAX Expands in Massachusetts

RE/MAX Platinum is expanding their footprint throughout Massachusetts, and partnering with industry veteran Rich Rocci to do so.  The team will be opening a new office in Carver, Massachusetts, on Nov. 1, 2021. This expansion marks the third location for the real estate company, also operating out of Melrose and Bridgewater since 2016 and 2018, […] The post RE/MAX Expands in Massachusetts appeared first on RISMedia. RE/MAX Platinum is expanding their footprint throughout Massachusetts, and partnering with industry veteran Rich Rocci to do so.  The team will be opening a new office in Carver, Massachusetts, on Nov. 1, 2021. This expansion marks the third location for the real estate company, also operating out of Melrose and Bridgewater since 2016 and 2018, respectively. RE/MAX Platinum has experienced growth these past few years. In 2020, the company collectively finished No. 1 for Net Agent Growth (non acquisition) in Massachusetts for the year and ranked No. 17 in the entire nation, according to RE/MAX, LLC. Scotty Jones, one of the original broker/owners of RE/MAX Platinum, says that partnering with Rocci, and moving into a new community is a very exciting opportunity. “We are very excited about this new office and the space it will provide us,” said Jones in a statement. “We think the location and amenities will attract more top producing agents, and the space will allow us to host more trainings and mastermind events, bringing better ideas, services and systems to our clients.” Rocci, who started his real estate career in 2005, is a member of the RE/MAX Hall of Fame, and owned Bay State Residential Brokerage in Hanover, Woburn, and Salem, Massachusetts, prior to joining RE/MAX. For more information, please visit www.remax.com. The post RE/MAX Expands in Massachusetts appeared first on RISMedia......»»

Category: realestateSource: RISMEDIA13 hr. 50 min. ago Related News

Century 21 Expands in Denver

Brenda Moore, broker/owner of Moore Real Estate Services, recently announced her affiliation with Century 21 Real Estate, forming CENTURY 21 Moore Real Estate to better serve Denver area real estate clients and customers. “We are excited to affiliate with the most recognized name in real estate and a global powerhouse that for 50 years has […] The post Century 21 Expands in Denver appeared first on RISMedia. Brenda Moore, broker/owner of Moore Real Estate Services, recently announced her affiliation with Century 21 Real Estate, forming CENTURY 21 Moore Real Estate to better serve Denver area real estate clients and customers. “We are excited to affiliate with the most recognized name in real estate and a global powerhouse that for 50 years has been on the forefront of innovative solutions for both consumer experiences and real estate business growth,” said Moore in a statement. “The mission of the CENTURY 21® brand, to deliver extraordinary experiences, ladders up to our own commitment to quality service, and ensures that the people and families we partner with get to the best outcomes possible.”. “This is terrific news for us because Brenda and her team are known in the markets they serve for giving 121%,” said Mike Miedler, president and CEO of Century 21 Real Estate LLC, in a statement. “Their energy and enthusiasm for delivering quality and experiences people covet is unparalleled. My team looks forward to doing everything that we can to help them grow their market share and the number of overall closed deals.” For more information, please visit www.century21.com. The post Century 21 Expands in Denver appeared first on RISMedia......»»

Category: realestateSource: RISMEDIA13 hr. 50 min. ago Related News

Pat Poole Promoted to SVP of Member Services at LeadingRE

Chicago-based Leading Real Estate Companies of the World® (LeadingRE) announced that it recently promoted Pat Poole to senior vice president, Member Services/North America. In this newly created role, Poole leads the network’s U.S. member-facing team of vice presidents, Business Solutions, who provide hands-on consultative support to the network’s member companies, with the goal of helping […] The post Pat Poole Promoted to SVP of Member Services at LeadingRE appeared first on RISMedia. Chicago-based Leading Real Estate Companies of the World® (LeadingRE) announced that it recently promoted Pat Poole to senior vice president, Member Services/North America. In this newly created role, Poole leads the network’s U.S. member-facing team of vice presidents, Business Solutions, who provide hands-on consultative support to the network’s member companies, with the goal of helping them be more productive through the utilization of LeadingRE’s extensive programs and services. A veteran in the real estate industry with experience working for national real estate and relocation companies, Poole has been with LeadingRE since 2010, most recently serving as vice president, Business Solutions. She has extensive experience working with members to support their success. “As our network has grown, both in the number of firms and the scope of our offerings, it was a natural progression to add a team lead for our highly experienced and engaged account managers. Pat’s grasp on what brokerages need to thrive in today’s environment and her experience working as a vice president of Business Solutions herself make her a natural fit for this important role,” said Executive Vice President, Member Services Kate Reisinger, in a statement. For more information, please visit www.leadingre.com. The post Pat Poole Promoted to SVP of Member Services at LeadingRE appeared first on RISMedia......»»

Category: realestateSource: RISMEDIA13 hr. 50 min. ago Related News

Be Sustainable—and Strategic

Research shows that homebuyers want, and will pay for, sustainable features like energy-efficient appliances and low-emittance windows. Stop in at NAR’s Sustainability site and find the research, reports, and resources you and your agents need to ramp up business and reach more clients. Read more here. The post Be Sustainable—and Strategic appeared first on RISMedia. Research shows that homebuyers want, and will pay for, sustainable features like energy-efficient appliances and low-emittance windows. Stop in at NAR’s Sustainability site and find the research, reports, and resources you and your agents need to ramp up business and reach more clients. Read more here. The post Be Sustainable—and Strategic appeared first on RISMedia......»»

Category: realestateSource: RISMEDIA13 hr. 50 min. ago Related News

Maximize Your Experience at NAR Booth #1531

NAR PULSE—Come visit the National Association of REALTORS® (NAR) on the expo floor at the 2021 REALTORS® Conference & Expo, Nov. 12-14 in San Diego and see how your membership benefits YOU. You can even enter to win a vacation prize package provided by the NAR Travel Club, a proud partner of the REALTOR Benefits® Program, valued […] The post Maximize Your Experience at NAR Booth #1531 appeared first on RISMedia. NAR PULSE—Come visit the National Association of REALTORS® (NAR) on the expo floor at the 2021 REALTORS® Conference & Expo, Nov. 12-14 in San Diego and see how your membership benefits YOU. You can even enter to win a vacation prize package provided by the NAR Travel Club, a proud partner of the REALTOR Benefits® Program, valued at $1,700. RPR® Helps Agents in Any Experience Level No matter what your experience level in real estate is, you can take advantage of RPR® (Realtors Property Resource®) to get better and learn more. See how this mother-daughter team uses it to build up their business together. Are Your Agents Ready to L.E.A.D.? NAR’s L.E.A.D. (LEARN. ELEVATE. ACCELERATE. DELIVER.) courses will set them up for success as an association leader. Encourage them to take the self-paced Building Blocks and Road Map Courses online, then enroll in the instructor-led Vision Course at the 2021 REALTORS® Conference & Expo. Learn more on how to enroll! The post Maximize Your Experience at NAR Booth #1531 appeared first on RISMedia......»»

Category: realestateSource: RISMEDIA13 hr. 50 min. ago Related News

Optimize YouTube for Your Real Estate Marketing

At a time when video content is at a premium, an agent’s marketing strategy can’t be complete without developing a presence on YouTube. With more than 288 million daily users, according to Statista,  YouTube provides several benefits for your branding efforts that are too good to pass up. From generating leads and promoting your brand […] The post Optimize YouTube for Your Real Estate Marketing appeared first on RISMedia. At a time when video content is at a premium, an agent’s marketing strategy can’t be complete without developing a presence on YouTube. With more than 288 million daily users, according to Statista,  YouTube provides several benefits for your branding efforts that are too good to pass up. From generating leads and promoting your brand to expanding your reach to audiences worldwide, tapping into the YouTube wellspring of viewers can take your marketing to the next level. Whether you’re new to the platform or an established YouTuber, here are some tips to help you maximize the opportunity. Content Creation  Content reigns supreme on YouTube, and there is plenty of room for agents and brokers to carve out their niche. Develop a content style that not only matches your target audience’s preferences but also allows you to play to your strengths and interests. Leverage your passion for data to keep viewers informed on the latest market trends. Showcase your sense of humor with entertaining commentary on real estate’s dos and don’ts. Whatever you’re interested in, share it with your audience in a way that will add value and keep them coming back. Search Optimization While posting engaging videos is essential to your YouTube marketing strategy, there’s more you’ll need to do to increase your visibility. As the second-most viewed and used search engine globally, YouTube abides by the same search engine optimization (SEO) rules that Google—its parent company—does. To give your videos a chance at breaking the top spots of viewer searches, you’ll need to include a solid title and a video description that provides plenty of keywords, hashtags and more. Target Audience It never hurts to know who your target audience is. Like most social media platforms, YouTube offers built-in analytics tracking tools to keep you informed about who is consuming your content—this comes with a business profile. Take time to establish your audience by researching and cross-referencing your other social media accounts. Use that information to determine how this group engages with YouTube. Take note of the pages they are visiting. Use your analytics tools to gauge when they are searching the site and what content they are consuming. Any metrics that you can gather on your preferred audience can be used to tailor your content and strategy for success. Tools of Engagement Part of your audience research and content development should also come from your engagement with viewers and other content creators on YouTube. The pool of influencers discussing real estate on YouTube is more significant than you’d think, which provides the opportunity to step into the comment section and engage with people. Find ways to collaborate with other channels, interact with viewers who comment on your content and apply any feedback you get to improve your channel. Authenticity and Consistency You’ve probably heard this before, but being authentic and consistent is essential to thriving on YouTube. While researching other channels for pointers is advised, refrain from becoming a carbon copy of other content creators. Focus on building your channel around your personal and professional brand and showcase your unique qualities. As you develop your YouTube game plan—post schedules, branding, look and feel—stick to it. Part of building your footprint on the platform is developing trust and a genuine connection with your viewers. Jordan Grice is RISMedia’s associate online editor. Email him your real estate news to jgrice@rismedia.com. The post Optimize YouTube for Your Real Estate Marketing appeared first on RISMedia......»»

Category: realestateSource: RISMEDIA14 hr. 50 min. ago Related News

SHoP founders take next leap in modular construction

SHoP architecture founders Bill and Chris Sharples have unveiled the first apartment unit built by their next generation modular construction company, Assembly OSM. The one-bedroom unit has been built using digital design technology combined with advanced manufacturing techniques developed  in collaboration with auto and aerospace engineers with decades of leadership... The post SHoP founders take next leap in modular construction appeared first on Real Estate Weekly. SHoP architecture founders Bill and Chris Sharples have unveiled the first apartment unit built by their next generation modular construction company, Assembly OSM. The one-bedroom unit has been built using digital design technology combined with advanced manufacturing techniques developed  in collaboration with auto and aerospace engineers with decades of leadership experience at  Boeing, SpaceX and Tesla. Assembly OSM says it is reinventing the construction of mid-to-high-rise buildings with its digitally-led design and fabrication approach to 10-30 story building construction. BILL SHARPLES “Good design shouldn’t be a luxury reserved for the world’s elite,” said Sharples.  “Leveraging 25 years of design excellence and digital innovation, SHoP created the technology that is the foundation for Assembly OSM’s open ecosystem. The platform is built to be agnostic to architects, so if a developer wants a Frank Gehry façade, it can be done using our platform.  Our vision for Assembly OSM is bigger than just one building, we set out to change how buildings are built in the future.” “I was drawn to what Assembly OSM is trying to do because it can solve the major housing supply crisis we are facing right now,” said Senior Advisor and Former CTO of Boeing, John Tracy.  “The digital manufacturing methodologies that Assembly is introducing to building design and the construction industry, Boeing has been implementing for years, since the inception of the Boeing 787 Dreamliner.” Just as Henry Ford’s assembly line disrupted and forever impacted the auto industry, Assembly OSM believes it is poised to do the same for construction with the ability to produce housing at the scale needed to address America’s housing crisis.  The infrastructure boom is set to fuel global economic growth over the next decade, with global construction output expected to grow by 6.6% in 2021 and by 42% by 2030, driven largely by government stimuli and the demand for residential construction.  In New York alone, more apartments sold in the 2021 third quarter than at any other time in more than 30 years and three times as many sales as in the same period in 2020. However, the data notes that the U.S. is short of 5.24 million homes, an increase of 1.4 million from the 2019 gap of 3.84 million. The apartment unit components fit together like Lego bricks Similar to how airplanes and cars are built, Assembly OSM’s delivery process uses advanced  manufacturing to achieve imaginative, distinctive, high-quality architecture from a collection of digitally-designed, fully customizable subassemblies where every item is tracked, assembled and placed accordingly, based on the specifications generated by a first-of-its-kind 3D “digital twin.”  The “digital twin” technology generates detailed instructions for Assembly’s “virtually integrated” supply chain who manufacture finished building components — like fully contained bathroom pods and façade panels for the building exterior.  Similar to a car’s dashboard, or an airplane’s passenger cabin being manufactured by a third party supplier to an exact specification, Assembly OSM’s components are built to click together, like Lego blocks, in Tier 1 facilities anywhere in the world using Assembly OSM-trained local labor. Known for their out-of-the-box design and neighborhood-changing projects, like Barclays Center and The American Copper Buildings, Bill and Chris drew on their decades of experience to create Assembly OSM’s innovative digital technology, engineering advances, and post-modular process. In particular, B2: 461 Dean Street in Brooklyn, North America’s tallest modular residential tower, was built as a solution to meet the high demand for urban housing in NYC.  B2 served as inspiration for Assembly OSM, particularly the limitations presented by the conventional approaches used to produce the B2 tower as a constructed product in an offsite facility.  SHoP’s prior projects, particularly the direct to fabrication techniques utilized to produce facades for the Botswana Innovation Hub, Nassau Coliseum, 111 West 57th and The American Copper Buildings helped to craft and perfect the digital fabrication technology now utilized by Assembly OSM. Inside the first digitally-created apartment unit Unlike the Dean Street project, everything in an Assembly OSM building, from concept, to production, delivery and post-occupancy relates back to a single source of product data. This digital platform (inherent in a manufacturing approach) removes crucial information gaps that critically mitigates human error (resulting in a material reduction of time-consuming re-work or contingency utilization) as compared to conventional construction or traditional modular and represents a generational leap forward in applying manufacturing efficiency to the built environment. “I am a big believer in the potential of modular construction at scale in dense urban environments,” said MaryAnne Gilmartin, Founder and CEO of MAG Partners. “From day one, it has been clear that Assembly’s process and platform will upend the way builders and developers do business. There have been a lot of companies over the years that have tried and come up short in utilizing modular construction principles for a broader application. In the end, the technology really matters and that’s why I am betting on Assembly.” With the completion of its first full-scale production unit, including all systems and components, Assembly OSM is embarking on its delivery phase.  Since 2019, Assembly OSM has been working with New York City’s Department of Buildings (DOB) to achieve pre-approval for all of the key elements of its system. The post SHoP founders take next leap in modular construction appeared first on Real Estate Weekly......»»

Category: realestateSource: REALESTATEWEEKLYOct 26th, 2021Related News

Work begins on advanced research center at BNY

The Pratt Institute, New York City College of Technology (City Tech) and the Brooklyn Navy Yard Development Corporation (BNYDC) are partnering to create a new  advanced research and applied learning facility in the Brooklyn Navy Yard. Construction on the project, which received funding from the New York City Council, Brooklyn... The post Work begins on advanced research center at BNY appeared first on Real Estate Weekly. The Pratt Institute, New York City College of Technology (City Tech) and the Brooklyn Navy Yard Development Corporation (BNYDC) are partnering to create a new  advanced research and applied learning facility in the Brooklyn Navy Yard. Construction on the project, which received funding from the New York City Council, Brooklyn Borough President Eric L. Adams and New York State, is expected to be complete by early 2022. The Research Yard will connect faculty and students from both Pratt and City Tech with the Yard’s ecosystem of more than 500 businesses. The co-location of a public and private university facility within a community of businesses will create the opportunity for faculty and entrepreneurs to collaborate on industry-relevant research and new product development.  Students, faculty, and industry professionals will work together on research projects, sharing cutting-edge technology and equipment and co-producing finished projects. This unique partnership offers students the rare opportunity to build their professional networks to help them secure internships and jobs in the fields they’re interested in working in. The concept of a shared research facility between Pratt faculty, Brooklyn Navy Yard, and the community was originally conceived as the “Pratt Research Yard.” The initiative has since expanded and become a public/private partnership that is now called the “Research Yard of Pratt Institute, City Tech, and the Brooklyn Navy Yard,” or, informally, the Research Yard. The Research Lab will be located in Building 3 “In bringing two renowned academic institutions to a major job hub, the Research Yard will open doors for students by offering a hands-on learning environment,” said David Ehrenberg, President and CEO of the Brooklyn Navy Yard Development Corporation. “This unique partnership is an extension of the Yard’s mission to create a pipeline of quality jobs, while also providing the experiential learning and skill building that make these jobs accessible to the local community. We look forward to starting work on this exciting project and welcoming a new generation to the Navy Yard.” “Building this advanced creative research facility just blocks from the Pratt campus and alongside the businesses and entrepreneurs at the Brooklyn Navy Yard is crucial for New York City, and especially for the Borough of Brooklyn. The Research Yard of Pratt Institute, City Tech, and the Brooklyn Navy Yard will further enable our research leaders to work with the local community on today’s important challenges,” said Pratt Institute President Frances Bronet. “We are deeply appreciative of the funding support we have received from the city and state, and with this latest investment from the City Council.” “Nearly half of our students live and work in Brooklyn and over 90% of our students reside in New York City.  The Research Yard will provide a seamless and braided experience for our students and faculty to work alongside local workforce talent and tech industries,” said City Tech’s Dean of the School of Technology & Design, Dr. Gerarda Shields. “Funding for the Research Yard is a testament to the NY City Council’s commitment of forwarding City Tech as a national engine of economic mobility in Downtown Brooklyn.” The Research Yard will be headquartered in a 27,000 s/f  space in the Navy Yard’s eleven-story Building 3, originally built in 1918 at the end of World War I. The space, which was configured as a traditional warehouse and fulfillment center, will be transformed by architectural firm Smith-Miller + Hawkinson, LLP into a 21st century industry-education research model supporting the creative economy. With Pratt consolidating and relocating all its research centers and accelerators to the Research Yard, the newly designed open plan facility will include fabrication labs as well as research areas for the study of robotics, information visualization, sustainability, community development, environmental sensing, design incubation in rural areas, and digital archeology, along with a number of accelerators.  The space will also house a facility for the New York City College of Technology (CUNY City Tech), where CUNY students and faculty will gain hands-on experience collaborating with industry professionals from the Yard’s ecosystem of more than 500 businesses, along with their peers from Pratt. A total of $6 million has been earmarked for the Research Yard, including $4.2 million from the New York City Council, with an additional $1.8 million coming from Pratt, the Brooklyn Navy Yard, the Brooklyn Borough President’s Office, and the Dormitory Authority of the State of New York (DASNY). At the same time, the facility will provide much-needed fabrication space for City Tech staff and students. The Research Yard will expand access for City Tech faculty and students to gain hands-on experience with cutting-edge technologies and the industry professionals that use them. By providing real-time feedback loops from learning to industry application, City Tech faculty and students will benefit from industry-immersed research and applied learning within an authentic work environment. Industry partners will benefit from an infusion of knowledge and research, while helping to invest in the development of a skilled pipeline of City Tech students who are equipped with the skills and experiences needed to fill entry-level roles at their businesses.  The Research Yard under City Tech will focus on the following technologies: Artificial Intelligence (AI), Collaborative Robot (Cobots) and Automation technology focuses on robotic solutions that make manufacturing and warehouses more efficient, cost-effective and safe with collaborative robots sharing workspace with people and allowing for products to be made with more precision than ever before. Building Performance and Digital Fabrication is a response to the need for more sustainable and energy efficient structures, now with the emphasis on healthy buildings in a pandemic era and beyond.  Digital fabrication has been embraced by both the architectural and engineering industries.  The Yard will enable faculty and students to utilize three types of digital fabrication methods: additive manufacturing, subtractive manufacturing and robotic manipulation. Remote Sensing Technology for a Climate Resilient Future requires accurate, precise data – and a lot of it.  With the assistance of drone technology, data can be collected real-time and with increased spatial, spectral and temporal resolution allowing for more accurate climate predictions. With Pratt research centers and accelerators housed at the facility, the Research Yard will support the local community in a variety of research initiatives. Pratt’s Consortium for Research and Robotics will incubate small businesses and expand its community engagement and corporate research partners, while local manufacturing members at the Navy Yard that are already part of the Pratt Center for Community Development’s Made in NYC initiative will extend this network. The Pratt Sustainability Center plans to create a GIVE/TAKE program overseen by students where art supplies and other materials can be recycled and reused by the community, and the Spatial Analysis and Visualization Initiative, which uses geographic information systems (GIS)-centered research as well as mapping, data, design and visualization to understand and empower urban communities. The centers that are being relocated to the Research Yard include: The Consortium for Research and Robotics (CRR) is a new model for collaboration, competition, and creativity with New York City’s largest industrial robot. Currently housed in the BNYDC, the CRR has unique facilities, professional and academic networks, and various other resources. The CRR will move from its current location to the PRY facility. Spatial Analysis and Visualization Initiative (SAVI) is a geographic information systems-focused research center that uses mapping, data and design to better understand urban communities. The lab provides technical solutions, and resources to nonprofit organizations that need to better understand their data to make informed decisions. In addition to engagement with BNYDC tenants, The Research Yard will connect Pratt and City Tech students, faculty and staff with the Brooklyn Navy Yard STEAM Center, a career and technical training high school for 11th and 12th grade students who come from eight Brooklyn public high schools. Alongside faculty, college and high school students will participate in research addressing real world problems ranging from sustainability in manufacturing processes, an important focus for the Navy Yard in adapting 20th-century industrial buildings for 21st-century uses. Inviting high school students to participate in this crucial research will allow students to improve the landscape of today as New York recovers from the toll of the pandemic while offering them pathways to become leaders in future resiliency efforts. The post Work begins on advanced research center at BNY appeared first on Real Estate Weekly......»»

Category: realestateSource: REALESTATEWEEKLYOct 26th, 2021Related News

Macquarie funds $167M loan on Trinity’s 77 Greenwich

JLL Capital Markets has secured $167 million in condominium inventory financing for Jolie at 77 Greenwich St., a 90-unit condominium tower in Lower Manhattan that began closing units in September. JLL represented the sponsor, Trinity Place Holdings, to place the loan with Macquarie Capital, the advisory, capital markets and principal... The post Macquarie funds $167M loan on Trinity’s 77 Greenwich appeared first on Real Estate Weekly. JLL Capital Markets has secured $167 million in condominium inventory financing for Jolie at 77 Greenwich St., a 90-unit condominium tower in Lower Manhattan that began closing units in September. JLL represented the sponsor, Trinity Place Holdings, to place the loan with Macquarie Capital, the advisory, capital markets and principal investment arm of Macquarie Group. The funds will be used to retire existing construction financing and fund remaining project costs. The 500-foot tower consists of 90 residential condominium units and approximately 7,500 s/f of retail. Jolie’s first residents have moved into their new homes and construction is nearing completion. With architecture by FXCollaborative and interiors by Deborah Berke Partners, the boutique, full-service building has no more than four units per floor. The residences, averaging 1,534 s/f, range from one- to four-bedrooms and offer walk-to-work access to over 90 million square feet of office space in Lower Manhattan and numerous nearby parks and neighborhood amenities. The building will also include a new kindergarten through 5th grade public elementary school, which is accessed through a separate entrance located on Trinity Place. The JLL Capital Markets Debt Advisory team representing the borrower was led by Geoff Goldstein, Steve Klein and Alex Staikos. “Jolie at 77 Greenwich Street is an extraordinary Lower Manhattan residential project developed by a sponsor with unmatched experience in New York,” said Goldstein. “This stand-out property represents the powerful future of Lower Manhattan.” The post Macquarie funds $167M loan on Trinity’s 77 Greenwich appeared first on Real Estate Weekly......»»

Category: realestateSource: REALESTATEWEEKLYOct 26th, 2021Related News

Hope Street Capital leases office at 56 West 22nd

 Kaufman Organization announced that Hope Street Capital, a real estate investment group dedicated to opportunistic investment and development throughout New York City has signed a 5,508 s/f lease at 56 West 22nd Street. The company, which specializes in development, management, leasing and sales of luxury residential, office and retail assets will occupy the... The post Hope Street Capital leases office at 56 West 22nd appeared first on Real Estate Weekly.  Kaufman Organization announced that Hope Street Capital, a real estate investment group dedicated to opportunistic investment and development throughout New York City has signed a 5,508 s/f lease at 56 West 22nd Street. The company, which specializes in development, management, leasing and sales of luxury residential, office and retail assets will occupy the entire 10th floor of the 12-story property in the Flatiron District. The company is relocating from its current headquarters at 475 Park Avenue South.  “After undergoing a robust capital improvement program at 56 West 22, we have been able to meet the needs of forward-thinking companies like Hope Street Capital, who was attracted to the space due to its pre-existing build-out and the option to add an additional conference room,” said Grant Greenspan, Principal of Kaufman. “The property is also in one of the most sought-after and resilient neighborhoods in the city, in close proximity to the Flatiron Building, Madison Square Park and many fine dining and retail options.”    Greenspan and Will Landsberg of Kaufman Organization represented both the landlord, Kaufman Leasing Company and Hope Street Capital in this transaction. Asking rent was $65 per square-foot.  56 West 22nd  is a 12-story building that was constructed in 1907 and renovated in 2020 after the Kaufman Organization acquired the building. The property includes a renovated lobby, two new passenger elevators, visitor management system with 24/7 access and turnkey, furnished options.  The post Hope Street Capital leases office at 56 West 22nd appeared first on Real Estate Weekly......»»

Category: realestateSource: REALESTATEWEEKLYOct 26th, 2021Related News

Brookfield buys 19-acre NJ industrial site

A Brookfield Asset Management-backed fund has acquired a 19-acre industrial development site from Stalwart Ridgefield, LLC. Located in Northern New Jersey’s Route 46 corridor, one of the most sought-after last mile industrial areas in the region, the development plan is to construct a new, state-of-the art industrial warehouse facility (rendering... The post Brookfield buys 19-acre NJ industrial site appeared first on Real Estate Weekly. A Brookfield Asset Management-backed fund has acquired a 19-acre industrial development site from Stalwart Ridgefield, LLC. Located in Northern New Jersey’s Route 46 corridor, one of the most sought-after last mile industrial areas in the region, the development plan is to construct a new, state-of-the art industrial warehouse facility (rendering top) to help meet the unrelenting tenant demand that the New Jersey and New York Metropolitan areas are currently experiencing.   The CBRE Investment Properties team of Elli Klapper, Jeremy Wernick and Charles Berger, along with CBRE’s Kevin Dudley and Nicholas Klacik, facilitated the transaction and the site will be developed by Brookfield Properties for Brookfield Asset Management. “Demand for quality industrial space in New Jersey has reached record levels, while the supply has dwindled to below 2% as of Q3 2021,” said Klapper. “The Ridgefield site presents an incredible opportunity for Brookfield Properties, one of the premier real estate developers in the world, to create a LEED Certified distribution facility designed specifically to meet this insatiable demand,” continued Mr. Dudley. “The Ridgefield Logistics Center development is an ideal match for this well-located industrial land site in one of the nation’s hottest industrial markets,” added Wernick.  “Working together with CBRE on this deal showcased the best our firms have to offer,” stated Tyler Mordas of Brookfield Properties. “We now have ten separate land parcels in the New Jersey and New York region and anticipate over three million square feet of logistics deliveries. CBRE’s valued guidance in this transaction puts us on track to deliver that to the New Jersey market in the next 24 months.” Located off Route 46, just ten minutes from New York City and four minutes from the George Washington Bridge, the site will be developed into a high quality, 337,592 sq. ft. facility with 40’ clear heights and ample car and trailer parking. Additionally, Ridgefield Logistics Center will also benefit from being fewer than ten miles from the Port of Newark-Elizabeth, the second largest port in the country which has experienced 18% year-over-year growth in volume. Construction is scheduled to commence in early 2022. The post Brookfield buys 19-acre NJ industrial site appeared first on Real Estate Weekly......»»

Category: realestateSource: REALESTATEWEEKLYOct 26th, 2021Related News

JPAR Named Fastest-Growing Franchise

JPAR® Real Estate has announced that, based on the data reported in the National Association of REALTORS® (NAR) 2021 Franchise Report, it is the No. 1 Fastest-Growing Franchise by Percentage of Office Growth. “We’re honored to have achieved this impressive recognition of our company’s growth,” said Laura O’Connor, president and COO, JPAR® Real Estate, in […] The post JPAR Named Fastest-Growing Franchise appeared first on RISMedia. JPAR® Real Estate has announced that, based on the data reported in the National Association of REALTORS® (NAR) 2021 Franchise Report, it is the No. 1 Fastest-Growing Franchise by Percentage of Office Growth. “We’re honored to have achieved this impressive recognition of our company’s growth,” said Laura O’Connor, president and COO, JPAR® Real Estate, in a statement. “Our value proposition and platform is second to none. The data in this report is a testament to the value and trust that agents place in our brand.” Key findings of the report include: – Since 2003, REALTOR® Magazine has been providing readers with a report on residential real estate franchisors; thirty-one franchisors participated in this year’s report. – Franchisors saw slight growth in their share of the residential franchise market, compared with 2019, while the percentage of NAR members affiliated with a franchise (42%) remained the same. – Brokers who’ve made the decision to affiliate with a franchise say they looked for not only great systems but also a business model that prioritized their growth and that of their agents. – One-hundred percent commission franchises are the fastest-growing type of real estate franchise by agent count, with the 100% commission franchise segment growing at an average rate of 23% over the past two years. – JPAR® has outperformed both the 100% commission franchise segment and the overall residential real estate franchise segment, doubling in size over the past two years. Overall, since 2019, franchisors have grown their share of residential real estate brokerages slightly. The just-released 2021 National Association of REALTORS®’ Profile of Real Estate Firms shows 12% of real estate companies are independently owned franchise companies, up from 11% in 2019. Another 2% are subsidiaries of a national or regional corporation that operates a franchise, up from 1% in 2019. For more information, please visit www.jpar.com. The post JPAR Named Fastest-Growing Franchise appeared first on RISMedia......»»

Category: realestateSource: RISMEDIAOct 26th, 2021Related News

Housing Groups Release Statement Regarding Unused Rental Assistance Funds

According to the latest report from the Treasury Department, disbursed Emergency Rental Assistance Program (ERAP) payments now total nearly $2.8 billion, with more than 510,000 households receiving assistance. However, according to the National Apartment Association (NAA) and the National Multifamily Housing Council (NMHC), this is less than a quarter of the total emergency rental assistance […] The post Housing Groups Release Statement Regarding Unused Rental Assistance Funds appeared first on RISMedia. According to the latest report from the Treasury Department, disbursed Emergency Rental Assistance Program (ERAP) payments now total nearly $2.8 billion, with more than 510,000 households receiving assistance. However, according to the National Apartment Association (NAA) and the National Multifamily Housing Council (NMHC), this is less than a quarter of the total emergency rental assistance available. The organizations issued the following statement in response to the news: Over the course of the pandemic housing providers across the country have gone above and beyond to help and support residents dealing with financial challenges. From payment plans, waived fees, changes to lease terms and support in finding and securing rental assistance, housing providers have been deeply creative and innovative to keep their residents safely and securely housed. However, after a year and a half of pandemic-related costs, the nation’s housing providers and residents continue to face serious challenges meeting their financial obligations. Residents are struggling to pay their rent and property owners always had to continue paying their taxes, mortgages, payroll, insurance costs and more. Housing providers across the country are facing untold millions of dollars in rental arrears. Accordingly, it is critical that rental assistance funds are distributed as quickly and efficiently as possible. In order to facilitate the distribution of rental assistance aid to residents and housing providers alike, NAA and NMHC, on behalf of the nation’s 40.1 million individuals who call an apartment home, ask policymakers to make the following improvements to expedite rental assistance distribution: – Reject the addition of counter-productive eviction moratorium provisions. – Direct grantees to allow housing providers to apply on behalf of residents under a notification safe-harbor, prioritize arrearages and remove 18-month limit on assistance. – Allow ERAP to reimburse rental property owners, without qualification, on properties where a renter has moved out. Additional reforms to the emergency rental assistance program can be found here. Without action to improve disbursement of ERAP and increased participation in the program, renters are faced with further uncertainty and a mounting debt cliff, while rental property owners move closer to foreclosure, bankruptcy or a forced sale of the property—putting the overall stability of the rental housing sector and broader real estate market in peril. Source: NAA The post Housing Groups Release Statement Regarding Unused Rental Assistance Funds appeared first on RISMedia......»»

Category: realestateSource: RISMEDIAOct 26th, 2021Related News