REAL ESTATE TECHNOLOGY, REAL ESTATE INVESTMENT
Cresa and 4SITE by CORT | February 07, 2023
On February 06, 2023, one of the world's largest occupier-centric commercial real estate firms, Cresa and a provider of a sensor-based workplace occupancy and space utilization platform, 4SITE by CORT, announced their partnership. The two combined will help office occupiers optimize their workplaces.
Many occupiers are looking for ways to reduce underutilized space and real estate spending, as projected by economic headwinds and promoted by the pandemic in a trend. Cresa and 4SITE both acknowledge the importance of cost-effectiveness for businesses, but they also advocate for a more rounded strategy for optimizing workplace environments, one that considers the wants and needs of both employers and workers.
Cresa and 4SITE's partnership is ingrained in a shared commitment to help occupiers make decisions about their workplaces and using data. 4SITE's wireless sensors are the first of their kind, providing an easy-to-implement plug-and-play option that is both cost-effective and reliable for respondents' right to privacy. With 4SITE, you can track occupancy in real-time and get reports and dashboards that break down utilization averages and peaks, compare utilization across different types of spaces, and more.
Additionally, Cresa's Workplace Solutions Team will provide expert analysis as an add-on to the technology, where the experts leverage the data gleaned from 4SITE's sensors to shed light on how office space can be reduced or reorganized more efficiently. As a result, both partners give occupiers a competitive edge, one that reduces costs and improves the employee experience to bring people back to the office.
About 4SITE by CORT
Based in Chantilly, Virginia, 4SITE is wholly owned by CORT Business Services, a Delaware corporation. 4SITE was created to help office occupiers effectively and efficiently understand the use of office space and provide the required data to assess future office space requirements. By tracking how much space is being used, CORT and its clients can adapt to the needs of a rapidly changing workforce. A 4SITE workplace occupancy study that includes accurate and proactive information can help promote a healthy facility by providing the correct information on how space is used.
Founded in 1993, Cresa is a global commercial real estate advisor. The company specializes in delivering fully integrated real estate solutions and represents occupiers. To think beyond space, enhancing and strengthening the quality of life for clients. Its services are provided across industries, including Workplace Solutions, Consulting, Lease Administration, Transaction Management, Project Management, Technology, Investment Banking & Capital Markets and Portfolio Solutions. In collaboration with London-based Knight Frank, Cresa employs 16,000 people across 380 offices in 51 countries to provide customer service.
Avalara | February 24, 2023
On February 23, 2023, Avalara, a software development company dedicated to the real estate sector, announced the launch of its new digital business solution, Avalara Property Tax, for real and personal property tax management, enhancing tax compliance with cloud-based automation.
This solution would assist accounting and businesses professional in managing their complete property tax portfolio and compliance activities. In addition, it supports their activities like preparation of business personal property renditions, procession and handling of tax bills, assessments, and appeals.
There is a necessity for a more flexible and customizable solution for businesses, especially with in-house property tax compliance. Its solution helps the huge workloads with the SaaS facility of a secured central hub for property tax compliance operations over real and personal property. It facilitates the tax data like tax bills and assessments in the mail platform from various jurisdictions. It scans documents in a single secured platform with accuracy and automation to the selected account. In addition, it offers due date tracking, a feature created to avoid late payment penalties as it is difficult to assimilate due dates, discount opportunities, terms, and conditions separately.
EVP and GM of Indirect Tax, Avalara, Jayme Fishman, said, “Today, property tax is one of the most challenging business compliance activities. This challenge is due to the complexity of preparing personal property returns and the downstream implications of assessments and tax bills for real and personal property. Further complications arise from many jurisdictions having different due dates and terms, varying state depreciation schedules, and getting data out of client systems to feed into the process.” He added, “Our new property tax software solution follows our core mission of making taxes less taxing by offering businesses and accountants a more effective way to manage their property tax compliance and reduce errors while saving valuable time and money.”
(Source – Business Wire)
Headquartered in Seattle, Washington, Avalara, a cloud-based tax compliance solutions provider for businesses, offers sales tax automation and compliance services, tax return filing services, e-commerce integrations and exemption certificate management. Founded in 2004, it gives robust cloud-based solutions for tax compliance automation with efficiency and accuracy in real-time scenarios across the United States and worldwide. It delivers services for over 30,000 customers, and about 1,400 signed partner integrations for EPR, accounts, e-commerce, POS, CRM systems, and recurring bills of business applications. In addition, it supports tax transactions like sales, usability, excise, communication, lodging, VAT, GST, and indirect taxes.
BROKERAGE, REAL ESTATE TECHNOLOGY
United Real Estate | February 20, 2023
In Charleston, a unique real estate residential model is being introduced by two United Real Estate franchise owners who have partnered. The new model is unlike traditional brokerages, their office provides training, award-winning technology, and brokerage support without charges as a commission split from the agents.
For Winston Velpula and Brenda Daly, the co-owners, Charleston was an obvious choice with tremendous opportunities in the city. With a flourishing economy propelled by the presence of Fortune 500s and prominent employers, Charleston boasts numerous well-compensated employment opportunities. Additionally, the city's income per capita exceeds the national average by 4%. Furthermore, the city's metropolitan population of 800,000 contributes to a robust real estate market, which some consider nearly impervious to economic downturns.
Daly and Velpula know how to develop informed professionals with skills to achieve clients' goals. United | Charleston offers thorough agent training, focus, skill, and service development. Real estate agents are taught to do their research to make sure the property and its surrounding area are a good fit for a client. Marketing plans are modified to reach more buyers and develop more valuations based on competitive research. The office is in Mount Pleasant, off state highway 17, at 735 Johnnie Dodds Blvd., Suite 100.
About United Real Estate
United Real Estate is a division of United Real Estate Group, established in 2011, and aims to solve the challenges agents and brokers face in maintaining profitability in a competitive marketplace. With its agent-centric model, brokers can provide their agents with scalable technology solutions that reduce delivery costs as their businesses expand without having to split commissions. In addition, the company offers updated training, marketing, and technology tools to brokers and agents under a transaction-based agent commission model. United Real Estate, based in Dallas (Texas), operates in 32 states with 148 offices and around 18,000 agents. The company's sales volume for 2021 was more than$21.5 billion.