REAL ESTATE TECHNOLOGY
Greystar | January 13, 2022
Rental housing industry leader, Greystar, recently broke ground on the first phase of their multifamily housing development at City North in Phoenix, Ariz. This marks City North's first vertical element in the 100-acre project located just north of Interstate Loop 101 at the intersection of 55th Street and City North Drive in North Phoenix.
Crown Realty is the master developer of City North which, upon completion, will also include an additional 3,000 residential units, 1.8 million square feet of class-A corporate office space, 620 hotel rooms, and up to 100,000 square feet of retail offerings and new restaurant concepts. The first phase of multifamily includes 272 units, and will be built, owned, and managed by Greystar and is expected to open in the summer of 2023.
We are excited to team up with Crown Realty to include residential offerings at City North, This $93 million project is a perfect example of how Greystar and Crown are working together to help bring world-class residential development to the area and stimulate the economy by creating new jobs. We look forward to continuing to help Phoenix grow as a cultural, luxury, and business destination, specifically in the North Phoenix area."
Greystar's Senior Director of Development Billy Cundiff.
Adjacent to Greystar's multifamily project is High Street, which consists of 628,000 square feet of mixed-use Class A office and retail space including upscale dining and shopping options. Nearby is the heavily trafficked Desert Ridge Marketplace that features 1.2 million square feet of retail shopping, dining, and entertainment options.
The City North neighborhood is the ultimate live, work and play environment, With fifty plus walkable restaurants and venues, all accessible via our communities and placed strategically near existing amenities, twelve feet walkways will allow residents to walk to work and to hotels where family and friends can stay. In addition, bike paths and rest areas will be strategically placed throughout the development, making City North the ideal neighborhood in the North Valley."
Crown Realty's Senior Vice President of Acquisition and Development, Rick Carpinelli.
The first phase of City North's multifamily housing development will offer exceptional design, market-leading finishes and amenities, and excellent views of the surrounding area from its 272 residences. Amenities will include a private pool, fitness center, cowork space, open courtyard, bike storage room, doggie spa, and a multipurpose deck on the fourth floor that will be built with sustainable and recycled materials. The first phase of multifamily will also offer 12 floorplan options with one, two or three bedrooms from which to choose. Pre-leasing is expected to begin in winter 2022.
City North is conveniently located 25 minutes away from downtown Phoenix, Scottsdale, and the West Valley. City North boasts it is a highly desirable location with walkability to great retail and hospitality, access to transportation, and forward-thinking design. These benefits, plus convenient access to Loop 101 and Interstate 51 will allow residents of the first phase to immerse themselves in an urban living environment with a hometown feel.
The architect of the first phase of Greystar's multifamily housing development is Todd + Associates and the interior designer is Lawrence Lake Interiors.
Greystar is a leading, fully integrated real estate company offering expertise in investment management, development, and management of rental housing properties globally. Headquartered in Charleston, South Carolina, Greystar manages and operates an estimated $220 billion of real estate in more than 210 markets globally, including offices throughout North America, Europe, South America, and the Asia-Pacific region. Greystar is the largest operator of apartments in the United States, manages more than 748,000 units/beds, and has a robust institutional investment management platform with approximately $45.1 billion of assets under management, including over $21.3 billion of assets under development. Greystar was founded by Bob Faith in 1993 with the intent to become a provider of world-class service in the rental residential real estate business.
REAL ESTATE TECHNOLOGY
AppraisalWorks | August 25, 2021
AppraisalWorks, a leading provider of real estate appraisal technology, today announced innovations to its flagship appraisal management technology platform.
The AppraisalWorks™ platform is designed to streamline the real estate appraisal process, helping lenders and servicers achieve lower costs, faster turn times and greater transparency. The technology platform is patented under U.S. Patent 10,635,999.
The latest enhancements to AppraisalWorks further automate key elements of the appraisal management process – including quote management tools for residential and commercial real estate assignments, providing direct connectivity to the Encompass LOS platform and delivering a platform for paying appraisers electronically. Benefits of these three capabilities include:
Appraisal Quoting - AppraisalWorks now provides a flexible, highly configurable system for managing quotes for appraisal assignments with commercial appraisal firms and individual appraisers providing lenders with greater automation, real-time monitoring, status-driven alerts, and a detailed audit history. Elimination of manual tasks accelerates the process and provides increased transparency.
Automated Appraiser Payment Module – With AppraisalWorks, lenders can easily initiate and track ACH, manual and credit card payments on all appraisal orders as well as the agreed upon vendor fees. Support for batch payments enables straight-through processing for increased efficiency. Faster payments to appraisers provide a strategic advantage in attracting the best talent for each appraisal order. In addition, credit card processing is tracked on the order and individual transaction level, providing real-time insight into payment status and the ability to customize the borrower payment experience. With AppraisalWorks, lenders can reduce payment processing workload by up to 70%, while also improving appraiser and borrower relationships.
Encompass LOS Connectivity – The seamless integration between AppraisalWorks and Encompass allows lenders to order, assign, monitor, and review real estate valuations, from a marketplace of AMCs and appraisers, directly through the Encompass Digital Lending Platform – driving quality and efficiency in the loan origination process and standardizing the vendor and borrower experience. AppraisalWorks is one of the first appraisal management platforms to offer direct connectivity through Encompass’ new APIs eliminating administrative overhead and accelerating turn times.
AppraisalWorks is designed to be collaborative – bringing together all stakeholders in the appraisal process to improve efficiency, turn times and accuracy. Lenders, borrowers, processors, appraisers and the quality control team benefit from real-time communications, on-demand access to appraisal information and complete transparency throughout the appraisal process.
“As lenders and servicers look for an edge in accelerating appraisal turn times, efficiency and cost reduction are critical, as is the need to maintain strong security and compliance practices,” said Mike Cullen, CTO of AppraisalWorks. “The AppraisalWorks technology platform helps streamline appraisal processes, improve adherence to compliance regulations and lower costs – while also providing a better borrower experience. Our customer-centric approach to continuous technology innovation makes AppraisalWorks a top choice for lenders and servicers who are looking for greater efficiency and a strategic advantage.”
AppraisalWorks is a cloud-based appraisal management technology platform that enables banks, credit unions, loan servicers and mortgage lenders to order, manage, maintain, and analyze real estate appraisals and collateral valuations. Through its Community and Enterprise versions, AppraisalWorks improves process efficiency, ensures regulatory compliance, and facilitates collaboration among lenders, borrowers, processors, appraisers, and the quality control team – significantly improving loan turnaround time, reducing cost per loan, and enhancing the borrower experience. AppraisalWorks is patented under U.S. Patent 10,635,999.
Bots, Inc. | August 12, 2020
BOTS, Inc. (OTC: BTZI) (GERMAN EXCHANGE: M06.SG), an emerging innovator of products, technologies, and services for the rapidly growing digital robotic automation and manufacturing industry announced today that Elbrus Capital Markets (ECM) has awarded an exclusive $400,000 contract for the Company to develop a Real Estate industry blockchain-powered supply chain management platform. The contract is contingent on ECM receiving additional funding from accredited investors unless Bots elects to receive partial or all payments in the equity ownership of ECM.