REAL ESTATE TECHNOLOGY, REAL ESTATE INVESTMENT
The Premier Property Group | March 14, 2023
One of the largest residential and independent real estate brokerage in Northwest Florida and an affiliate of Luxury Portfolio International®, The Premier Property Group, recently announced it has acquired a significant stake in Bay County, Florida based, Beachy Beach Real Estate, one of the region's most well-known, independently owned real estate brokerages. The terms of the transaction's finances were not disclosed.
The acquisition of the significant stake signifies the Walton County-based company's expansion into Bay County, anchored by Panama City Beach and Tyndall Air Force Base and advancing its long-term growth trajectory in Florida and the Southeastern United States. The Premier Property Group was established in 2008 by Keith Flippo and Bob Parks. With a team of over a hundred agents and staff, it has also led luxury sales across the region. As a result, it is consistently ranked among the top Brokerages in the Florida Panhandle.
Beachy Beach Real Estate was established in 2010 by Broker/Owner Karen Smith and is based in Panama City Beach. It will continue to operate under its current name and branding after The Premier Property Group acquired a significant stake, now benefiting from the combined strength will boost the company's rank to the number one in the Bay County's independent brokerages. With 20+ years of industry experience, Smith is admired for her leadership, expertise, and extensive community involvement. She will continue to head Beachy Beach Real Estate and, along with her current executive team, will manage day-to-day operations.
About The Premier Property Group
The Premier Property Group is one of the largest independent real estate firms in Northwest Florida. The company has been a consistent leader of sales in the region since its first year of operations, and it has been ranked in the top 10% of luxury sales by the Emerald Coast Association of Realtors. It offers experienced and knowledgeable agents in Okaloosa, Walton, and Bay counties who specialize in residential, commercial, and new development real estate. In addition, it serves the 30A, Sandestin, Destin, and Panama City Beach regions of Florida from three convenient locations in Seacrest Beach /Rosemary Beach, WaterColor, and Grand Boulevard at Sandestin.
MARKET OUTLOOK, REAL ESTATE INVESTMENT
The Agency | March 09, 2023
The Agency, a global real estate brokerage company, recently launched a new franchise office in Toronto West. With the new office in Toronto, the company has fourteen offices in Canada and three in Toronto. It joins the brokerage's growing network with the recent launch having more than 75 offices in the US, Mexico, Canada, Europe and the Caribbean. Industry veterans Katia Bailey, Paul Greenberg, and Steve Bailey, as Managing Partners and Matt Lionetti, Managing Director, will run the new office named The Agency Toronto West.
The company has expanded globally throughout the last year, making it one of the fastest-growing luxury boutique brokerages worldwide. The independent brokerages owned by the company are referred to and integrated as genuine global partners. Every Managing Partner, from corporate or independently-owned offices, functions as a unified, genuine global network. The Agency's global partners have access to technology, tools, leadership, marketing, training and public relations in the company's corporate offices. Within the first quarter of the current year, it launches six new offices, including the recent launch of the Toronto West office, with more on the horizon in the coming months.
The Agency's well-known brand has been featured on international television programs like Buying Beverly Hills, which premiered on Netflix on November 4, 2022, along with The Real Housewives of Beverly Hills as well as Million Dollar Listing Los Angeles. The Agency has expanded to more than 70 corporately owned and franchise offices worldwide, making it one of the world's fastest-growing luxury boutique brokerages. Additionally, The Agency was recently ranked 21st on the RealTrends 500 list for 2022 and led the top 50 firms in average sales price by sides at $2.5 million. Additionally, the Agency was named Inman's Luxury Brokerage of the Year in 2022.
About The Agency
The Agency is a global brokerage real estate company with agent-first, tech-driven boutique luxury representing clients worldwide in various classes, including residential, new development, resort real estate, luxury leasing and vacation rentals. The Agency adopts a collaborative business strategy, departing from the traditional brokerage model and fostering a culture of partnership in which all clients and listings are represented in a collaborative setting. The shared resources and networks of the entire global team benefit the agents and clients. It has closed over $57 billion in real estate transactions since 2011, including 70 offices in 10 countries, with its headquarters in Beverly Hills, California.
REAL ESTATE INVESTMENT, ASSET MANAGEMENT
Businesswire | June 01, 2023
Cross River Bank (“Cross River”), a technology infrastructure provider that offers embedded financial solutions, today announced its strategic partnership with paymints.io, a Software-as-a-Service (SaaS) platform to for real estate payment transactions. This collaboration marks a significant milestone in transforming the way stakeholders in real estate transactions handle and control their funds. Initially launched with two payment rails, ACH (including same day ACH), and wires, the partnership gives stakeholders unprecedented transparency and security to the entire payment process to further the mission of eliminating paper checks and reducing fraud for partners and customers.
"As a leader in modernizing payments, we are thrilled to join forces with paymints.io to transform the real estate payment landscape," said Keith Vander Leest, Head of Payments at Cross River. "By combining our expertise in payments, compliance, and financial technology, with the paymints.io team’s deep expertise in real estate, property and title insurance, we are advancing the way funds are handled in real estate transactions and ensuring a seamless and secure experience for all parties involved. It’s niche B2B verticals, like real estate, that have outdated payment processes which are ripe for innovation. These verticals are where Cross River works with partners, like paymints.io, to drive better, more efficient payment experiences."
The partnership between Cross River and paymints.io provides stakeholders involved in real estate transactions - including buyers, sellers, agents, and escrow holders - with a revolutionary payment platform that enables them to move money swiftly, conveniently, and in line with their individual preferences. By leveraging Cross River’s API technology with the paymints.io platform, this innovative partnership offers streamlined payments, expanded payment options, and enhanced visibility—at all touch points, from earnest money deposits to funding and disbursements. Stakeholders on the paymints.io platform can track funds in real-time, verify transactions, and enjoy a heightened sense of security and trust throughout the entire real estate transaction journey.
“The innovation of digital payments for real estate is still at the early stages,” says Jason Doshi, CEO of paymints.io. “And our partnership with Cross River enables us to continue to build the modern payment experience the real estate industry so desperately needs to make the transfer of funds as safe, convenient, and secure as possible.”
The innovative partnership between Cross River and paymints.io represents a groundbreaking step towards modernizing real estate transactions, ultimately delivering a superior experience for all involved parties. The partners look forward to adding additional payment capabilities in the future for access to all payment rails within a single platform.
About Cross River
Cross River provides technology infrastructure powering the future of financial services. Leveraging its proprietary real-time banking core, Cross River delivers innovative and scalable embedded payments, cards, and lending solutions to millions of consumers and businesses. Cross River is backed by leading investors and serves the world’s most essential fintech and technology companies. Together with its partners, Cross River is reshaping global finance and financial inclusion. Member FDIC. Find out more at www.crossriver.com.
Paymints.io is a venture-backed, SOC 2 Type II certified, digital payments solution focused on elevating the payment experience in a real estate transaction. Automating payments and modernizing the B2B and B2B2C experience allows real estate industry participants to reduce its dependency on the costly, manual process of handling and processing paper checks. The platform offers a variety of payment solutions including earnest money deposit, cash to close as well as client and vendor disbursements securely - without having to expose and share account numbers and routing information. In 2022, paymints.io was awarded HousingWire's Tech100 Real Estate Award for the second consecutive year and in 2023 awarded the Electronic Transaction Association Top 10 Payments ISV. For more information on paymints.io, visit http://www.paymints.io.