Chicago is America's Top-Ranked Green Office Market in 2019

CBRE | November 06, 2019

According to the 2019 Green Building Adoption Index by CBRE, Maastricht University and the University of Guelph, Chicago's office market was named the greenest in the U.S. for the third year in a row as the green building trend continues to expand in the nation's largest cities. Researchers found green-certified office space across America's 30 largest office markets has reached 42.2% up from 41.9% the year before, marking a new high. At the same time, CBRE also released the inaugural Multifamily Green Building Adoption Index, which shows growth in this sector as well, though starting at a lower level than the office sector. 3.3% of multifamily apartment units in top 30 multifamily markets are green-certified.

Spotlight

Construction contractors and equipment distributors continue to show strong optimism about an increase in local construction activity in 2017. The Optimism Quotient– this survey’s primary benchmark for measuring contractor and equipment distributor sentiment on local nonresidential construction activity– is 123 for 2017, up almost 14% from 2016’s score (108).

Spotlight

Construction contractors and equipment distributors continue to show strong optimism about an increase in local construction activity in 2017. The Optimism Quotient– this survey’s primary benchmark for measuring contractor and equipment distributor sentiment on local nonresidential construction activity– is 123 for 2017, up almost 14% from 2016’s score (108).

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REAL ESTATE TECHNOLOGY

Algofi and Lofty Partnership Will Enable the Use of Crypto for Buying Real Estate Ownership

Algofi | March 17, 2022

On March 16th, Y Combinator Accelerator backed companies Algofi and Lofty announced a partnership which will allow people to use Algofi’s stablecoin $STBL as collateral for buying fractional ownership in real estate. For the first time in history, people will be able to use cryptocurrency to buy ownership in real estate investments in the form of tokens. The partnership represents a ground-breaking development in the Algorand blockchain ecosystem and the world of cryptocurrency. Owen Colegrove, Core Developer at Algofi, said, "Algofi is excited to see continued growth in the adoption and utility of STBL, the protocol's decentralized stablecoin. With this exciting partnership, users will be able to leverage their cryptocurrency as collateral to invest in real estate offered by Lofty." This partnership is huge for the entire crypto community because it's the first time in history that people can use crypto as collateral to buy real investment properties. The future is here." Max Ball, COO at Lofty

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REAL ESTATE TECHNOLOGY

Windermere Real Estate, a family-run firm, has acquired Lyon Real Estate, the leading independent residential real estate company in the region.

businesswire | January 11, 2021

Lyon Real Estate, the area's driving autonomous private land organization, has been obtained by Windermere Real Estate. Lyon Real Estate has been an installation in the more prominent Sacramento locale for a very long time with 800+ specialists who produced over $2.86 billion in deals a year ago. Windermere Real Estate was established in 1972 in Seattle and is worked by second-age authority Geoff Wood, Jill Jacobi Wood, and OB Jacobi. The two organizations are individuals from the lofty Leading Real Estate Companies of the World® and Luxury Portfolio International® networks which is the way the heads of the two organizations initially met. Under the conditions of the securing, Lyon Real Estate will keep on working under its name and brand and will keep up the current administration group, including president and head working official Pat Shea. Lyon Real Estate specialists and their clients will profit by Windermere's improved showcasing assets, proficient turn of events, movement and reference administrations, just as an in-house boss financial expert. “This new chapter for Lyon Real Estate is a perfect fit when taking into account our mutual values of superior customer satisfaction, and long-term relationships with our clients, agents, and community,” says Laura Lyon, former Chair of the Board and the daughter of William L. Lyon, the company’s founder. “The Jacobi-Wood family brings a new and highly engaged second generation of family leadership that is committed to growth and giving back.” Shea describes this union as the blending of two accomplished and well-respected real estate brands. “We will each continue to maintain our own identity,” he says. “Our company and agents will have the absolute best of both worlds.” Shea added that over the years, Lyon Real Estate has been approached by a number of suitors seeking a strategic growth opportunity. “This timing is right because Windermere is well suited to maintain the company’s legacy and grow it in the future,” said Shea. “The Lyon family’s first priority is that they leave the company they built and have run for the past 75 years in the best possible hands for the long term,” he added. OB Jacobi, Windermere co-president states, “We’ve been looking for the right opportunity to grow our network in Northern California and chose Lyon Real Estate because of the strength of their brand, leadership team, and our aligned culture and values. We are fully committed to supporting this great agent network, as well as the admirable work of the Lyon Cares Foundation.” About Lyon Real Estate Lyon Real Estate is the leading independent real estate brokerage company in Greater Sacramento (Sacramento Business Journal). We are proud to be homegrown, privately owned, and internationally known. Lyon has served the area for over 75 years. Last year, the company closed a total of $2.86 billion in sales volume. Lyon Real Estate has over 800 agents in 17 offices located throughout the region. The company is a member of the Leading Real Estate Companies of the World®, the largest network of premier locally branded firms, as well as LeadingRE’s Luxury Portfolio International® program. In addition to its real estate services, Lyon Real Estate offers RELO Direct, a global relocation program. Since 2015, the Lyon Cares Foundation has contributed more than $780,000 to local non-profits. About Windermere Real Estate Windermere Real Estate is the largest regional real estate company in the Western U.S. with over 300 offices and 6,500 agents serving communities in Arizona, California, Colorado, Hawaii, Idaho, Montana, Nevada, Oregon, Utah, Washington, and Mexico. Last year, Windermere closed 77,000 home sales for more than $36.7 billion in dollar volume. The Windermere family has a proud heritage of serving our neighbors via the Windermere Foundation which funds services for low-income and homeless families. Since 1989, the Windermere Foundation has contributed more than $42 million towards improving lives in the communities where we live and work.

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REAL ESTATE TECHNOLOGY

Berkshire Hathaway HomeServices Toronto Realty adds to its leadership team Heather Hadden

businesswire | December 22, 2020

Berkshire Hathaway HomeServices Toronto Realty, a land financier intended for the present market and the group that carried Berkshire Hathaway HomeServices to Canada, is satisfied to report the expansion of Heather Hadden to its authority group. Heather and the Hadden Homes Team have joined Berkshire Hathaway HomeServices Toronto Realty viable Thursday, December 17, 2020, and will source office space to dispatch a Berkshire Hathaway HomeServices Toronto Realty office in a midtown area by Spring of 2021. “Our goal has been to grow our leadership team with a focus on creating a motivational culture for our realtors,” said Mark Wadden, Co-Founder and CEO of Berkshire Hathaway HomeServices Toronto and West Realty. “Industry experts like Heather excel in every aspect of their business all while maintaining integrity and commitments to their clients. I am very excited to have Heather continue to grow her team under the Berkshire Hathaway HomeServices network and provide support and leadership to our Realtors.” Heather Hadden has driven a noteworthy direction all through her profession and has withdrawn Chestnut Park Realty in the number two recognize this (year to date). Hadden keeps on driving the city as one of the most elevated netting Realtors in the Greater Toronto Area, with different back to back a long time in the top 0.1% on the Toronto Real Estate Board positioning of Realtors. “I have worked with a few different top-level brokerages across Toronto during my career but never have I seen a brokerage as innovative and supportive as that of Berkshire Hathaway HomeServices Toronto Realty,” said Heather Hadden. “The leadership’s vision and execution of what a brokerage should be are impressive, to say the least, and I have never seen such a commitment to continuous improvement. I know this is where my team will call home moving forward and throughout our career.” “Heather is one of the most decorated and respected agents in Toronto amongst her colleagues, with years of being a top performer,” said David Binns, Partner and VP of Professional Development. "The entire team at Berkshire Hathaway HomeServices Toronto Realty is elated to have Heather in the network and cannot wait to see what she does for the brokerage in 2021.” “Both Mark and Blair have created an exciting and innovative formula to rapidly expand across the Ontario region," said Michael Jalbert, EVP of Global Business Development, Berkshire Hathaway HomeServices. “Their plan creates unique opportunities for top realtors to be part of something bigger in their career. They have already built one of the most respected leadership teams in the industry and I am sure this is just the start.” Chris Stuart, CEO of Berkshire Hathaway HomeServices, applauded the addition. “This is a great move for both Berkshire Hathaway HomeServices Toronto Realty and Heather,” he said. “Heather is a skilled and experienced leader who is also a terrific mentor – guiding and inspiring real estate professionals. As important, her team is talented, dedicated and ready to serve the region.” About Berkshire Hathaway HomeServices Toronto Realty Founded in 2015, Berkshire Hathaway HomeServices Toronto Realty provides the most innovative and valuable services in the industry both for their clients as well as their Realtors. With a rapidly expanding team and the addition of Berkshire Hathaway HomeServices West Realty, the company has more than 120 real estate professionals and has earned a reputation for leveraging cutting-edge technology and modern marketing to provide the most valuable customer experience in real estate. Currently, the company services the Greater Toronto Area and has growth plans spanning most of Southern Ontario.

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