Los Angeles-based Luxury Presence raised $5.4 million for its real estate marketing services

TechCrunch | January 08, 2020

Los Angeles-based Luxury Presence raised $5.4 million for its real estate marketing services
Real estate is a big business in the sprawling city of Los Angeles, and new technology tools to target the industry continue to attract investor attention. The latest of these is Luxury Presence, which pitches digital marketing services to real estate agents and has raked in $5.4 million in financing to support the buildout of its services and sales teams to manage clients. Previous investors Switch Ventures  led the round, which included participation from new investors Bessemer Venture Partners  and Toba Capital,  alongside previous investors Gerald Risk, Peter Kelly, Jonathan Erlich and Blaine Vess. Our 2020 goal is to build a full digital marketing solution for real estate agents looking to build successful, lead-generating digital brands,” said Malte Kramer, the company’s chief executive, in a statement. “2019 was all about building the best real estate website platform in the sector and I’m so proud of what our team was able to accomplish. Our focus was on how to make beautiful, functional and lead-generating sites that were easily customizable to fit the agent’s needs and demands, and we did just that. According to estimates from Built in LA, there are roughly 127 companies, which have raised over $2.4 billion, active in the real estate industry in Los Angeles. These companies range from co-working startups like Knotel or WeWork to companies focused on servicing the real estate industry

Spotlight

The housing market has been on quite the roller coaster ride the last decade. And while things are looking up after a few tough years, one issue that has surfaced is that of inventory—specifically shadow inventory. Shadow inventory, or properties in foreclosure or in serious delinquency status.

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Vincent Properties Collaborates With Berkshire Hathaway HomeServices Network

Berkshire Hathaway HomeServices Vincent Properties | July 27, 2020

Berkshire Hathaway HomeServices, part of the HSF Affiliates LLC family of real estate brokerage franchise networks, today announced that North Carolina-based Vincent Properties has joined its network. The independently owned company will add one office and ten agents to the global brokerage network and operate as Berkshire Hathaway HomeServices Vincent Properties. “Vincent Properties decided to franchise with Berkshire Hathaway HomeServices because we wanted to take our ‘Hometown’ approach to a larger global market and expand our tools with knowledge, technology and professional networks,” said Jay Vincent, Owner.

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REAL ESTATE INVESTMENT

MRA Group Acquires Dupont Campus in Wilmington, Delaware

MRA Group | December 01, 2021

MRA Group (MRA) announced that they have closed on the acquisition of DuPont's Chestnut Run Lab Campus located at 984 Centre Rd in Wilmington, DE, and have embarked on an ambitious $500 million redevelopment plan. Renamed Chestnut Run Innovation & Science Park (CRISP), the 163-acre campus contains approximately 780,000 square feet of existing lab, research, and advanced manufacturing space. Located in the Greenville area of Wilmington, Chestnut Run Innovation & Science Park is four miles west of Central Wilmington, DE, and just ¼ mile south of Barley Mill Plaza, which is currently developing over 110 residential units and commercial spaces, including the area's first Wegmans supermarket. "We recognized the amazing potential for the campus to address the regional demand for market-ready life science and advanced manufacturing facilities, particularly when combined with its superior location along the I-95 corridor, Northern Delaware is ideally positioned to emerge as a hub for life science, research & development, and pharmaceutical manufacturing companies. The deep pool of educated and experienced professionals is an incredible asset to any firm locating here." - Mike Wojewodka, MRA Group Executive Vice President and Partner. Wojewodka believes the CRISP campus will further Delaware's attractiveness to innovative companies from around the world. Development plans include shared amenities to foster interaction and collaboration between tenants and the surrounding community. Dupont will continue to maintain its presence on the campus by leasing approximately 190,000 square feet in two buildings. This is the third major campus redevelopment for MRA, having reinvented the 133-acre 600,000 square foot Spring House Innovation Park in Lower Gwynedd Township, PA, and the 137-acre, 800,000 square foot TEK Park in the Lehigh Valley, PA. MRA will utilize and enhance the existing infrastructure to create state of the art life science laboratories, scientific research facilities, and Class A office space. Planned campus amenities include a hotel, fitness center, conference space, an outdoor amphitheater, and accommodations for food services including restaurants and eateries. "We are excited to be back in Delaware with such an incredible opportunity, and grateful to be at the helm of such an impactful project, Our vision for CRISP will set a new standard for innovative campus redevelopment in the region, as we believe it will become Delaware's leading biotechnology and science hub, while also providing an engaging community experience." - MRA Group Founder and CEO Lawrence Stuardi. About MRA Group MRA Group (MRA), based in Horsham, PA, is a privately-held, multi-disciplined real estate solutions firm servicing the life sciences, health care and higher education sectors. Founded in 1991 by president and CEO Lawrence J. Stuardi, MRA prides itself on maintaining the same high level of integrity and excellence that led to its recognition as one of the most respected real estate firms in the mid-Atlantic region. With 30 years of providing clients with real estate solutions varying from development to advisory and management services, MRA has more than 4.5M square feet of medical, life sciences and office real estate under management, and has structured over $1B of financing. A few recent and notable development projects include Spring House Innovation Park, the Holy Redeemer Medical Building at 201 Veterans Way, Pennovation Lab at the University of Pennsylvania's Pennovation Works Campus, TEK Park, Oxford Valley Medical Plaza and the St. Clair Medical Office Building at St. Mary Medical Center.

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Williams & Williams Set to Auction Surplus Real Estate for Archrock in Texas, Louisiana and Pennsylvania

prnewswire | September 03, 2020

Williams & Williams, a worldwide real estate auction firm and leader in global live and interactive auctions, will auction several surplus real estate properties for energy midstream company Archrock Services L.P. (NYSE: AROC). Listings include warehouse, office space, and land parcels for auction on September 29. The vacant residence in New Castle, PA will sell in an online only auction Sept 28-30 at AuctionNetwork.com. The auctions are being offered in conjunction with commercial broker JLL.

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Spotlight

The housing market has been on quite the roller coaster ride the last decade. And while things are looking up after a few tough years, one issue that has surfaced is that of inventory—specifically shadow inventory. Shadow inventory, or properties in foreclosure or in serious delinquency status.