REAL ESTATE TECHNOLOGY,REAL ESTATE INVESTMENT
Oxylabs | November 25, 2022
Oxylabs, the leading premium proxy and public web data acquisition solution provider, has launched its Real Estate Scraper API, enabling automated data acquisition from a large variety of real estate websites.
The real estate industry has begun using web scraping significantly, enabling companies to extract valuable non-traditional data. For instance, most real estate ads exist online and web scraping is the primary technology allowing the collection of such intelligence, which, once analyzed, allows betting on data-backed decisions.
In addition, such features as proximity and dispersion of points of interest have been shown to have strong predictive power for property value. While these data points are extremely valuable, getting a constant and reliable stream is challenging, which has created a rising interest in real estate external data providers.
"Within the realm of data and information, scraping provides virtually limitless opportunities to businesses and individuals alike. Our internal research revealed that real estate web scraping has been growing significantly, with our sales teams noticing a sharp rise in client inquiries. Businesses use automated data acquisition to drive revenue and, at the same time, improve the livelihood of consumers through use cases such as creating data aggregators."
- Nedas Višniauskas, Commercial Product Owner at Oxylabs
Oxylabs stands at the forefront of automated public web data gathering, holding numerous patents for technologies associated with the field. Expansion into real estate data scraping is another step toward reaffirming the company's commitment to innovation in the industry.
While Oxylabs has always provided infrastructure for scraping real estate data, it previously necessitated the usage of in-house scrapers. With the newest release, Oxylabs will make real estate data scraping accessible and cost effective to businesses of all sizes.
About Oxylabs
Established in 2015, Oxylabs is a premium proxy and public web data acquisition solution provider, enabling companies of all sizes to utilize the power of big data. Constant innovation, a large patent portfolio, and a focus on ethics have allowed Oxylabs to become a global leader in the data acquisition industry and forge close ties with dozens of Fortune Global 500 companies. In 2022, Oxylabs was named the fastest-growing public data gathering solutions company in Europe in the Financial Times' FT 1000 list.
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REAL ESTATE TECHNOLOGY,REAL ESTATE INVESTMENT
Hilco Real Estate | November 24, 2022
Hilco Real Estate, LLC, (HRE) was chosen as part of a competitive process by Alamo Dynamic, LLC, a private equity-backed food producer, to monetize a turnkey, USDA-certified, cold storage facility located in Lubbock, Texas. The property consisted of 224,000± SF across five buildings set on 16.38 sprawling acres.
The pandemic took its toll on the company, as Dynamic Foods' main contractual partner, Furr's Fresh Buffet, filed for bankruptcy in spring of 2021. Without this partnership, the facility was only running at about 20% capacity, which led to the ownership's decision to sell the facility and all its associated assets.
Due to the property's tertiary location, the existing specialized buildout of the facility, environmental challenges and a tight deadline, the seller was uncertain of the ultimate recovery a sales process could yield.
HRE immediately implemented a targeted national marketing campaign that, in just under three months, garnered over 80 direct inquiries from sophisticated buyers (many who were end users), nine tours with well-qualified groups and three viable offers. HRE conducted a multi-phased, competitive offer process in which the ultimate price exceeded $17,000,000, far beyond the initial anticipated sale price.
During the due-diligence period, the buyers came across an unknown environmental issue with the potential to delay the closing. Hilco Global institutional knowledge regarding mitigating environmentally challenged properties proved invaluable. The team developed a unique phased closing strategy to accommodate the seller's need for a quick sale and the buyer's desire to begin retrofitting the facility on a specific timeline. The phased closing plan also allowed the seller to responsibly address the ongoing remediation prior to transferring the impacted parcel to the new buyer.
"We are thrilled that the sale will allow the buyer to utilize the highly sought-after cold storage component of the facility, and more importantly, provide jobs to the area, many that were lost when the previous operator closed its doors. Simultaneously, our strategic sale process allowed the seller to maximize the property's value, limit time and costs typical in conventional sale processes, and thoughtfully address the environmental obstacles that could have otherwise thwarted the sale."
-Chet Evans, a vice president at Hilco Real Estate
About Hilco Real Estate: Hilco Real Estate, LLC ("HRE"), a unit of Hilco Global, is headquartered in Northbrook, Illinois. HRE is a national provider of accelerated real estate disposition services for corporations, lenders, servicers, receivers, bankruptcy attorneys, estates, private owners, investment companies as well as local, state, and federal government agencies. Acting as an agent or principal, HRE applies its vast experience to advise and execute strategies, helping both healthy and distressed clients to derive maximum value from their real estate assets. By leveraging multi-faceted sales strategies and techniques, aggressive repositioning and restructuring experience, a vast and motivated network of buyers and sellers, and substantial access to capital, HRE exceeds expectations even in the most complex transactions.
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REAL ESTATE TECHNOLOGY,REAL ESTATE INVESTMENT
FCPT | November 24, 2022
Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties (“FCPT” or the “Company”), is pleased to announce the acquisition of a Chili’s property for $2.6 million from the Seritage transaction previously announced in October 2019 and expanded in August 2020. The property is located in a strong retail corridor in Florida and is under a triple net lease. The transaction was priced at a cap rate in range with previous FCPT transactions.
This is the last property to be acquired from the previously announced portfolio transactions with Seritage. Inclusive of today’s transaction, FCPT has acquired a total of 27 properties for $80.8 million from Seritage.
About FCPT
FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the ownership, acquisition and leasing of restaurant and retail properties. The Company seeks to grow its portfolio by acquiring additional real estate to lease, on a net basis, for use in the restaurant and retail industries.
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