Zillow | May 18, 2020
Zillow the largest portfolio of real estate brands on mobile and the web, is building a safe, on-demand real estate experience.
Zillow can provide customers with a safe way to buy and sell real estate.
Zillow to help them finish it — with the same confidence, ease and empowerment they've come to expect from real estate's most trusted brand.
Zillow Group, Inc. which is transforming the way people buy, sell and finance homes, has resumed home buying in four Zillow Offers markets, with a renewed commitment to safety. The company is launching a health safety initiative -- Move Forward. Stay Safe. -- to help protect customers, employees and partners.
Homeowners in Phoenix, Tucson, Ariz., Raleigh, N.C. and Charlotte, N.C., can now receive an offer directly from Zillow to buy their home, and the company expects to re-start acquisitions in more markets soon. Zillow paused home acquisitions in all 24 markets where it operates on March 23, in response to housing market uncertainty and public health concerns.
The restart and increased focus on safety reflect Zillow's confidence that the housing market is open, and that Zillow can provide customers with a safe way to buy and sell real estate. Former U.S. Surgeon General Dr. Regina Benjamin, MD, MBA, has contracted with Zillow as the Company's Health Advisor. Move Forward. Stay Safe. includes industry-leading health safety standards along with Zillow's groundbreaking virtual technology, designed to protect its customers and give people the confidence to move safely.
Read More: Trimble introduced the next-generation IWMS with the launch of ManhattanONE for centralizing real estate functions
I've dedicated my career to health and wellness. My role as Zillow's health advisor is a continuation of my commitment to prevention and population Health. Shelter - a healthy home - is a basic essential we all strive for. As people venture into the real estate market, it's critical they have precise information and guidelines on how to stay safe during every part of their move. From listing, to shopping, to closing documents, we must minimize risk and protect each other. I am pleased to join Zillow in its dedication to public health through this new initiative,
Dr. Regina Benjamin, MD, MBA, Zillow as the Company's Health Advisor.
Zillow Offers is a convenient option to sell without showings or open houses and the ability to close the transaction digitally. All Zillow-owned homes will follow a "CPD" protocol, which stands for "Clean, Protect, Distance" -- the practices Zillow Offers relies on to keep customers safe as they are touring homes. For-sale homes will undergo an additional cleaning regimen. Personal protective equipment, such as masks and gloves, is recommended for all in-person tours, and in-person tours are limited to allow for healthy distancing.
We are excited to begin purchasing homes again, and making it even easier for home sellers to move -- with new cleaning protocols and more virtual tools and services. These past two months have confirmed our belief that real estate is resilient. In fact, we've seen that people - despite these uncertain times - still want to move. Zillow Offers gives them a safe, seamless way to do so, whether selling or buying,
Zillow President Jeremy Wacksman.
Zillow is continuing to market and sell homes through Zillow Offers, but is not holding open houses. Instead, buyers have the flexibility to shop in several ways. In addition to in-person showings, they can virtually walk through Zillow-owned homes through proprietary 3D Home tours, which are available on all listings. Buyers can also request a virtual tour or virtual consultation with Zillow's local broker partner or a Zillow Premier Agent and, in some markets, can use self-tour technology to visit a home unassisted.
Read More: Commercial Real Estate Investing Guidelines
About Zillow Group
Zillow Group, Inc. the largest portfolio of real estate brands on mobile and the web, is building a safe, on-demand real estate experience. Whether selling, buying, renting or financing, customers can turn to Zillow's businesses to find and get into their next home with speed, certainty and ease.
SiteSeer Technologies | June 20, 2020
SiteSeer Technologies, creator of SiteSeer Professional site selection software and Void Analysis Pro is pleased to welcome a new commercial real estate client, Phoenix Commercial Advisors (PCA). The retail-only commercial real estate firm based in Phoenix, Arizona, offers landlord and tenant representation for regional and national retail chains. PCA also has a real estate investment team. Phoenix Commercial Advisors will use SiteSeer Professional's full suite of real estate analytics tools, including its Void Analysis, Retail Match, mapping and Match Score tools. PCA currently represents more than 110 retailers and restaurants in the state or Arizona and has represented retail clients both leasing and selling 36+ million square feet of retail space and sold over $1.6 billion of retail investment dispositions.
Brennan Investment Group | May 19, 2020
Brennan Investment Group, a private real estate investment firm that acquires, develops, and operates industrial real estate facilities throughout the United States.
Under CRES, Brennan will help companies improve supply chain efficiency by purchasing surplus industrial real estate, providing customized build-to-suits.
CRES will undertake both single transactions and multi-property, multi-location portfolio acquisitions.
Brennan Investment Group, a private real estate investment firm that acquires, develops, and operates industrial real estate facilities throughout the United States has announced its corporate real estate initiative, under the Corporate Real Estate Solutions (CRES) brand. Under CRES, Brennan will help companies improve supply chain efficiency by purchasing surplus industrial real estate, providing customized build-to-suits, and entering into both long- and short-term sale leasebacks. With a nationwide portfolio of 44 million square feet and nine offices, Brennan's national platform is uniquely positioned to provide integrated industrial solutions for Corporate America.
Corporations, not investors, own the majority of our nation's industrial land and buildings. Further, more than at any time in history, supply chain designs are rapidly evolving with the goal of minimizing disruptions. Whether caused by port-of-call labor disputes, geopolitical uncertainties, or supply disruptions from pandemics, Corporate America has begun a supply chain reconfiguration process that will require a decade to complete. Brennan will offer its platform, its capital, and its expertise to rebuild the backbone of our nation's industrial infrastructure,
Michael Brennan, Chairman and Co-Founder of Brennan Investment Group.
Read More: Zillow Resumes Home Buying with a Renewed Commitment to Real Estate Health Safety Initiative
Beyond geopolitics or pandemics, advances in technology have also accelerated supply chain reconfigurations. "For years, the United States lost much of its manufacturing base to low cost labor countries," observed Brennan, "but technology, such as robotics, removed the comparative advantage of cheap labor, allowing companies to repatriate back to U.S. shores. The technology catalysts that drove e-commerce will do the same for the manufacturing sector."
Brennan's CRES initiative will continue to serve the traditional needs of corporations, including sale leasebacks. Through its single-tenant net lease division, Brennan has acquired over 20 million square feet of mission critical buildings. Robert Vanecko, Managing Principal and head of Brennan's single-tenant net lease division observed, "the desire to be 'asset light' is a key driver. This liberates new capital for our tenant and also increases the value of the tenant's operating business. The presence of private equity firms purchasing operating companies has accelerated the 'asset light' operating model."
Organized to provide customized solutions, CRES will undertake both single transactions and multi-property, multi-location portfolio acquisitions. The essence of CRES is quite simple: to help corporations. If that means purchasing a single surplus asset, we'll do it. If it's a build-to-suit, an expansion of an existing facility, a portfolio of assets, or any combination of that, we'll do it. We want to say 'yes' as often as we can,
Scott McKibben, Brennan's Chief Investment Officer and Managing Principal.
The criteria for the new CRES program is as follows:
• Size: $3 million up to $500 million
• Locations: Top 100 MSA's
• Property Types: distribution, manufacturing, light industrial, R and D
• Transaction Types: surplus assets, long- and short-term sale leasebacks, build-to-suits, expansions, single assets or portfolios
• Credit: investment grade or non-investment grade
"Our CRES program is well suited for this environment," commented McKibben. "Its broad reach can help both large and smaller corporations, in up to 100 MSA's, with an ability to undertake the simplest to the most complex transactions."
Read More: 6 Ways to Finance Real Estate Investments
About Brennan Investment Group
Brennan Investment Group, a Chicago-based private real estate investment firm, acquires, develops, and operates industrial properties in select major metropolitan markets throughout the United States. Since 2010, Brennan Investment Group has acquired over $4 billion in industrial real estate. The company's current portfolio spans 29 states and encompasses 44 million square feet.