British Farmland Market Mooted by Brexit Uncertainty

Knight Frank | April 16, 2019

According to Knight Frank's latest Farmland Index, the average value of bare agricultural land in England and Wales remained virtually unchanged in the first three months of 2019.Values continue to hover just below £7,000/ acre - 3% lower than they were 12 months ago and down 5% over five years - but still almost 50% higher than they were a decade ago. At the time of writing we should have spent the past week outside the EU, but deadlock at Westminster to back Theresa May's Brexit deal or agree on an alternative plan means our departure date remains uncertain.

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Gorgeous custom home in highly desired Greenwood Village. Recent updates include kitchen, baths, flooring, paint, windows, decks, blinds, bridge, roof, and landscaping. Soaring ceilings in great room, kitchen, dining, and master bedroom/bath.

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Gorgeous custom home in highly desired Greenwood Village. Recent updates include kitchen, baths, flooring, paint, windows, decks, blinds, bridge, roof, and landscaping. Soaring ceilings in great room, kitchen, dining, and master bedroom/bath.

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REAL ESTATE INVESTMENT

ONE Sotheby's International Realty Expands to Northeast Florida

ONE Sotheby’s | January 31, 2022

ONE Sotheby's International Realty announces the leading luxury brokerages entrance into the Northeast Florida market with the addition of affiliate firm First Coast Sotheby's International Realty. Marking its eighth recent acquisition, ONE Sotheby's International Realty continues to expand its presence along Florida's East Coast by welcoming First Coast's 93 agents and 5 offices across Palm Coast, St. Augustine, Ponte Vedra Beach, Jacksonville, and Amelia Island. The company will also launch its record-breaking Development Division to support sales and marketing for new projects in the flourishing market. As one of the fastest growing markets in Florida, Jacksonville is a region we have been targeting as a key component of our expansion strategy, First Coast's Sotheby's International Realty brings an incredibly talented group of agents to grow with us as the leading luxury brokerage along the entire East Coast of Florida. Backed by our industry-leading resources, I am confident they will continue to outperform in the Northeast Florida market." Daniel de la Vega, president of ONE Sotheby's International Realty. First Coast Sotheby's International Realty has established a reputation for being the preeminent luxury real estate brokerage in Northeast Florida, representing more than $770 million in 2021 sales volume. The firm was founded in 2010 by Jeffrey and Jane Chefan, who quickly grew First Coast Sotheby's International Realty to be among the region's most trusted brokerages. In 2018, they teamed up with Lou Izzo, Brian Moorman, Joe Cutajar and Dan Collins to further strengthen a shared vision for bringing buyers and sellers together while elevating standards for high-end real estate services in the market. Together they offer more than 140+ years of combined experience and will continue to have an integral role within the company. We are thrilled to join forces with ONE Sotheby's International Realty under the leadership of Mayi and Daniel,, Their company culture aligns with everything we have strived for—to deliver an exceptional client experience through our expertise, extraordinary marketing tools, innovative technology—and above all, authenticity." Jeffrey Chefan, owner and Managing Broker of First Coast Sotheby's International Realty. Recognized as the premier source for luxury real estate and development opportunities along Florida's East Coast, ONE Sotheby's International Realty offers an unsurpassed global network with an unmatched local footprint. The acquisition of First Coast Sotheby's International Realty brings the firm's total number of offices to 27 locations and 1,300 agents spanning Florida's entire East Coast.

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REAL ESTATE INVESTMENT

Two San Antonio Industrial Properties Acquired by Houston's Welcome Group

Welcome Group | February 18, 2022

A pair of San Antonio industrial buildings have been acquired by Welcome Group, the second and third properties in the market purchased by the Houston-based single-tenant real estate developer specializing in manufacturing, lab, warehouse and distribution facilities. The firm has acquired an 80,431 square-foot office/lab space on an 11.9-acre tract at 6203 Farinon Drive. The building is currently leased by KCI USA, Inc., a global advanced wound care company which develops innovative healing solutions for customers and patients. The building was built in 2004. Welcome Group also acquired a 43,860 square-foot office/lab facility on a 4.5-acre tract at 6603 First Park Ten Boulevard. The property is located in a highly desirable infill location one mile from I-10, providing prompt easy access to Loops 410 and 1604. The building's first phase opened in 1987 and its second phase was completed in 1995. We're certainly keeping San Antonio at the top of our list for future property acquisitions." Welcome Wilson, Jr., president and CEO of Welcome Group. Welcome Group now owns a diverse portfolio of more than 130 industrial properties spanning more than 6 million square feet. Tenants range from Fortune 500 companies to emerging entrepreneurial ventures in manufacturing, healthcare, energy, technology, warehouse and distribution, and other operations. Financing for both acquisitions was provided by Frost Bank. Welcome Group was represented in both transactions by Ryan Wasaff, senior vice president of Welcome Realty Advisors; Cole Bercher, associate at Welcome Group; and John Wilson of Welcome Group. The seller of 6203 Farinon Drive was represented by John Taylor of JLL. The seller of 6603 First Park Ten Boulevard was represented by Luis Garza of Transwestern. About Welcome Group Welcome Group is a leader in the development and ownership of single-tenant industrial facilities for some of the world's most respected names in business and currently owns over 6 million square-feet in Texas and the southeast U.S. The company also offers build-to-suit and design-build services for interested firms and is actively seeking direct purchase and sale-leaseback opportunities throughout Texas and the southeast United States.

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REAL ESTATE INVESTMENT

Zillow Group Closes Acquisition of ShowingTime, the Industry Leader in Home Touring Technology

Zillow Group | October 04, 2021

Zillow Group (NASDAQ: Z and ZG), which is transforming the way people buy, sell, rent and finance homes, today announced the closing of its acquisition of ShowingTime, an online scheduling platform for home showings. Touring is one of the most important steps in the home shopping and selling journey, and ShowingTime's technology has streamlined and improved the touring experience. The company is an industry leader, and Zillow Group will continue to invest in ShowingTime to improve its functionality. ShowingTime's technology coordinates scheduling behind the scenes so agents can seamlessly book a confirmed home showing online and focus on their clients, simplifying a traditionally complicated and cumbersome process. In the past 12 months, the company has facilitated more than 63 million showings across its network of more than one million agents affiliated with hundreds of Multiple Listing Services (MLSs). Under the Zillow Group umbrella, Zillow Group will adhere to ShowingTime's existing privacy policy, and it will continue to operate as an individual brand and open platform for its existing and new clients, so the industry can continue to benefit from a simplified tour scheduling experience. Zillow Group entered into a definitive agreement to acquire ShowingTime in February 2021 for $500 million. The transaction was successfully closed upon meeting customary closing conditions. About Zillow Group: Zillow Group, Inc. (NASDAQ: Z and ZG) is reimagining real estate to make it easier to unlock life's next chapter. As the most visited real estate website in the United States, Zillow® and its affiliates offer customers an on-demand experience for selling, buying, renting or financing with transparency and nearly seamless end-to-end service. Zillow Offers® buys and sells homes directly in dozens of markets across the country, allowing sellers control over their timeline. Zillow Home Loans™, our affiliate lender, provides our customers with an easy option to get pre-approved and secure financing for their next home purchase. In September 2020, Zillow launched Zillow Homes, Inc., a licensed brokerage entity, to streamline Zillow Offers transactions. Zillow Group's affiliates and subsidiaries include Zillow®, Zillow Offers®, Zillow Premier Agent®, Zillow Home Loans™, Zillow Closing Services™, Zillow Homes, Inc., Trulia®, Out East®, ShowingTime, Bridge Interactive, dotloop, StreetEasy®, HotPads®. Zillow Home Loans, LLC is an Equal Housing Lender, NMLS #10287 About ShowingTime: ShowingTime is the industry leader in home touring technology and a proud affiliate of Zillow Group. ShowingTime's technology and services simplify the online tour scheduling process for buyers, sellers and agents across the industry. ShowingTime products are used in hundreds of MLSs representing more than one million real estate professionals across the U.S. and Canada.

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