REAL ESTATE TECHNOLOGY
Crexi | April 15, 2021
Crexi, the fastest-growing marketplace, data, and technology platform in the commercial real estate (CRE) industry, has launched an iOS mobile app. CRE brokers, buyers, investors, and others can use Crexi's mobile app to find commercial real estate properties for sale and lease and connect with brokers in real-time.
The Crexi app allows you to stay up to date on the ever-changing commercial market while on the go. The smartphone app, which is designed with maximum speed and ease-of-use for mobile screen sizes in mind, allows all users to easily scan, sort, and browse any listing on Crexi without having to be in front of a computer.
Users will use the latest mobile app to:
• Browse the entire Crexi database for the newest sales or lease listings
• Search by location anytime, anywhere to see listings and properties
• Share listings with others via text, email, Slack, social media, or other apps
• Access more information about a property by offering memorandums, listing flyers, or brochures
• Call or email a broker with one tap from an interesting listing
"We're thrilled to be releasing our first mobile app into the market. We've been fine-tuning our website and technology since launch, and we've applied what we've learned from customers to this next phase "Crexi's creator and CEO, Mike DeGiorgio, said, "Our app features will allow users to seamlessly browse listings and, as a result, close deals more quickly."
Crexi's mobile app is in line with the company's commitment to creating a platform for the future of the commercial real estate. Crexi works closely with customers and industry leaders every day to adapt, grow, and evolve their business in an environment that has been dramatically altered by COVID, the climate crisis, and new ways of engaging with colleagues and clients. Crexi aims to develop tools to help their clients succeed at any stage of the commercial real estate process with the mobile app.
About Crexi
Commercial Real Estate Exchange, Inc. (CREXI) is the fastest-growing marketplace, advanced technology, and data platform dedicated to serving the commercial real estate industry and its stakeholders. Crexi allows commercial real estate professionals to easily streamline, maintain, and grow their businesses, enabling them to close deals more quickly. Crexi has rapidly grown to become the most active marketplace in the industry since its inception in 2015. Through millions of customers, the website has assisted buyers, tenants, and brokers in transacting and leasing on over 500,000 commercial listings worth more than $1 trillion. Crexi now has over 150 employees and is based in Los Angeles, California.
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REAL ESTATE INVESTMENT
Vertical Street Ventures | March 01, 2022
Vertical Street Ventures (VSV) announces the acquisition of Redondo Tower, a downtown High Rise apartment building, in Tucson, AZ. VSV teamed up with Ral West and John Hardwick of Hardwick Apartment Homes, Ashok Patil and Mohit Bansal of Prime Investment LLC, and Louie Caumban and Rosalind Caumban of Fastpath Capital Group LLC.
This marks VSV's 5th property purchased in the Tucson, AZ market and 12th property acquired in the Arizona Market. Arbor Realty Trust provided the debt on the project. MEB Management will manage the property. Design and Construction will be managed by Gia Venturi.
When we discovered Redondo Tower was available for purchase, we immediately jumped on the opportunity, We've invested in Tucson for several years now and Redondo Tower has always been a fixture in the downtown area. We're thrilled and honored to take on this project for the City of Tucson. We'll take it through a major renovation and add to the fabric of downtown's revitalization."
Ronnie Gou, a Managing Partner for VSV.
A 96-unit high rise apartment building, Redondo Tower is a key part of downtown Tucson, which will be rebranded Vertical Heights. Residents of the property will enjoy many new amenities, including adding a new rooftop lounge, a new gym and yoga studio, a state-of-the-art co-working lounge, and modernizing the existing pool. Its interior units will undergo extension renovation with brand new kitchens, bathrooms, and newly added Washer/Dryers in each unit. Located centrally right off the 10 freeway, a 5-minute walk to anywhere downtown, and a 10 minute drive to the University of Arizona campus, this is a prime location for many job sectors.
With Tucson market vacancy at 4%, Tucson residents continue to look for great places to live. VSV will continue its strategy of finding communities to improve in high growth markets residing in excellent locations throughout the Arizona and Texas Markets.
About Vertical Street Ventures
Vertical Street Ventures (also known as VSV) is a commercial real estate private equity firm, led by Managing Partners Steven Louie, Jenny Gou, Kyle Mitchell, and Ronnie Gou. With a mission to improve communities nationally, VSV has grown substantially in the last year, growing its current portfolio of assets to $182 Million this year across the Arizona and Texas markets. VSV helps busy professionals build passive income through investing in real estate syndications.
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REAL ESTATE TECHNOLOGY
Carrier Global Corporation | September 17, 2021
Carrier Global Corporation the leading global provider of healthy, safe, sustainable and intelligent building and cold chain solutions, has signed an agreement to acquire BrokerBay Inc., a pioneer in the development of an advanced, streamlined and user-friendly real estate management cloud ecosystem. The software's ability to reduce a brokerage's administrative workload, streamline the real estate scheduling and showing experience, as well as standardize electronic lockbox access, will strengthen Carrier's leading access solutions offering within its Fire & Security business.
Supra, part of Fire & Security's Access Solutions business, has been serving the real estate industry for over 60 years, with key mobile credentialing technology deployed across an installed base of 4 million locking devices in multiple industries. Supra is a market leader in supporting real estate showings and enabled 45 million property showings in 2020.
Following closing, which is expected in October, BrokerBay and Supra will provide a one-stop shop for realtors that combines scheduling and mobile lockbox access in an intuitive, user-friendly showing experience to empower agents, reduce workload and provide actionable analytics.
With increasingly high volumes in real estate showings, there is a need for agents to act with speed and efficiency, This acquisition will further ensure they have the best solutions available to succeed.
- Jeffrey Stanek, Managing Director, Global Access Solutions, Carrier Fire & Security.
We're excited to join Carrier as we share a strong commitment to the real estate community, BrokerBay will continue delivering best-in-class solutions and integrations to all real estate agents, including Supra customers. We also look forward to joining forces in revolutionizing digital services that exceed our customers' expectations.
- Costa Ntoukas, CEO, BrokerBay.
The acquisition aligns with Carrier's stated business development approach of strategic acquisitions in digital and aftermarket that will drive recurring revenue for the company.
The terms of the transaction were not disclosed.
About Carrier
As the leading global provider of healthy, safe, sustainable and intelligent building and cold chain solutions, Carrier Global Corporation is committed to making the world safer, sustainable and more comfortable for generations to come. From the beginning, we've led in inventing new technologies and entirely new industries. Today, we continue to lead because we have a world-class, diverse workforce that puts the customer at the center of everything we do.
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