Low mortgage rates spur gain in July's existing home sales

National Association of Realtors | August 21, 2019

Existing-home sales rose 2.5% in July from the prior month, according to the National Association of Realtors. Total existing-home sales completed transactions that include single-family homes, townhomes, condominiums and co-ops increased to a seasonally adjusted annualized rate of 5.42 million, a gain of 0.6% above July 2018’s rate.

Spotlight

Attractive supply and demand fundamentals are re-shaping India's real estate market. We noticed this pattern in office buildings and today, we see similar trends in the mall business

Spotlight

Attractive supply and demand fundamentals are re-shaping India's real estate market. We noticed this pattern in office buildings and today, we see similar trends in the mall business

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MARKET OUTLOOK

Cherre and Fortimize Announce Strategic Alliance

Cherre and Fortimize | August 12, 2022

Cherre, the industry’s leading real estate data management and analytics platform, and Fortimize, a Salesforce partner since 2012, have entered into a strategic alliance to help real estate firms make faster and more accurate decisions within Salesforce. The alliance combines an industry-leading real estate data management platform with an industry-first consulting approach on the world’s #1 CRM and customer engagement ecosystem, to increase deals in the pipeline and improve the accuracy of underwriting for acquisitions and dispositions. Together – and along with the expertise and advisement of Jonathan Fishman of Bizydev – the new partnership brings multiple decades of experience in the real estate and proptech sectors, to bring new and innovative solutions to the market. “Real estate investors and operators are demanding more data-driven insights for decision making. The Cherre and Fortimize alliance provides the real estate industry with expertise and a turnkey solution for users to get the data they want into a tool of their choice,” - Grant Wood, Cherre Vice President of Strategic Solutions Fawn Perazzo, Fortimize Real Estate Practice Lead added, This partnership amplifies the power of Salesforce for real estate companies. By connecting a mutual customer’s disparate real estate data, Cherre’s platform enables us to seamlessly integrate property data into Salesforce, creating a single source of truth around a team's deal pipeline. Firms can customize the Salesforce platform to meet their team’s needs, which many pointed solutions lack. In this highly competitive landscape, this means dealmakers are better enabled to focus on building relationships and closing deals, instead of wasting time swiveling between disparate systems. With the launch of this partnership, Cherre and Fortimize will arm real estate organizations and teams with key data points to help reduce space downtime, maximize rental terms and improve revenue forecasting for leasing use cases, all from within their CRM. About Cherre Cherre is the leader in real estate data and insight. We connect decision makers to accurate property and market information, and help them make faster, smarter decisions. By providing a unique “single source of truth,” Cherre empowers customers to evaluate opportunities and trends faster and more accurately, while saving millions of dollars in manual data collection and analytics costs. Cherre launched in 2016 and is located in New York City. About Fortimize Fortimize, a financial services and real estate consulting firm, partners with clients to design, build, automate and enhance digital experiences for their customers and employees leveraging the Salesforce platform and other leading technologies. Fortimize has been a Salesforce partner since 2012. About Bizydev Bizydev is a business development firm based in New York City that specializes in working with technology, product and service companies across industries such as PropTech, business intelligence, analytics, and other verticals to help accelerate growth. Bizydev creates value for the groups it works with by generating unique opportunities around customers, partners, and capital.

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REAL ESTATE INVESTMENT

Marcus & Millichap and Project Destined Announce Expanded Partnership

Marcus & Millichap, Inc. | September 17, 2022

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today their expanded relationship with Project Destined, a leading social impact platform that provides training in financial literacy, entrepreneurship, and real estate. “It is a privilege to partner with Project Destined to further support individuals from all backgrounds who are passionate about exploring careers in commercial real estate, The participants are impressive, and the program is exceptionally well run. The mission of Project Destined aligns with Marcus & Millichap’s commitment to cultivating a strong educational foundation and providing a clear pathway to successful careers in commercial real estate.” -Richard Matricaria, executive vice president and chief operating officer, Western division, Marcus & Millichap Project Destined was founded by former Carlyle Group executive Cedric Bobo and has partnered with leading real estate firms and universities around the country to provide students from all backgrounds with paid, virtual internship opportunities where they can explore the real estate industry and ownership through live real estate deals in various cities across the United States. By joining forces with Marcus & Millichap, a revered leader in commercial real estate brokerage since 1971, we present a unique opportunity for students to gain real-time knowledge and experience at the start of their careers, Building a strong foundation together furthers our ability to provide access and resources for individuals who may not otherwise be supported. We are excited to grow our partnership with Marcus & Millichap,said Bobo. Beginning in spring 2021, Marcus & Millichap partnered with Project Destined in the San Francisco Bay Area, Chicago, Los Angeles, and Dallas, to provide participants with mentors of various levels, including executives, regional managers, and investment sales professionals, who taught intern scholars the nuances of commercial real estate. Interns benefited from an eight-week Investment Sales Bootcamp featuring an executive speaker series, specialized workshops, and scholarship opportunities. The partnership expands with the launch of Project Destined in Vancouver, Washington in fall of 2022, opening opportunity to more participants. A new Executive Speaker series will begin in October 2022. Marcus & Millichap also provides development for interested, driven individuals via the William A. Millichap Fellowship, a 24-month training and development program that progressively builds on critical research, financial analysis, marketing, and relationship-building skills. About Marcus & Millichap, Inc. Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2021, the company had 1,994 investment sales and financing professionals in 82 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 13,255 transactions in 2021, with a sales volume of approximately $84.4 billion.

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AGENT,REAL ESTATE ADVICE

Anywhere℠ Named One of the Best Workplaces in Real Estate™ in 2022 by Great Place to Work®

Anywhere Real Estate Inc. | September 13, 2022

Anywhere Real Estate Inc., a global leader in residential real estate services (formerly known as Realogy Holdings Corp.), recently announced its inclusion on the 2022 Best Workplaces in Real Estate™ list presented by Great Place to Work®. "We're honored to once again be recognized for our investment in workplace culture, making Anywhere an environment that is collaborative, inclusive, and ripe with opportunities for growth, We owe this recognition to our employees, who share the common goal of empowering everyone's next move and consistently strive for excellence on behalf of our affiliated agents, franchise owners, and each other." -Tanya Reu-Narvaez, Chief People Officer, Anywhere The Best Workplaces in Real Estate award is in its first year and is based on analysis of survey responses from over 23,000 employees from Great Place to Work-Certified™ companies in the real estate industry. Anywhere has been a certified Great Place to Work four years in a row based entirely on employee feedback. Great Place to Work, the global authority on workplace culture, selected the list using rigorous analytics and confidential employee feedback. Companies were only considered if they had been a Great Place to Work-Certified™ organization. Great Place to Work is the only company culture award in America that selects winners based on how fairly employees are treated. Companies are assessed on how well they are creating a great employee experience that cuts across race, gender, age, disability status, or any aspect of who employees are or what their role is. These companies have adapted to the challenges of an ever-changing workplace by their commitment to inclusive, high-trust cultures where employees are treated as human beings first and foremost, Congratulations to the Best Workplaces in Real Estate,says Michael C. Bush, CEO of Great Place to Work. As one of the largest full service residential real estate services companies in the U.S., Anywhere is dedicated to creating a culture of diversity, equity, and inclusion, and is a vocal advocate for equal opportunity and fair housing. In June, the company officially completed its corporate rebrand from Realogy to Anywhere, signifying a strategic emphasis on building a more frictionless and digitized home buying and selling experience for any consumer, anywhere. The transformation also represents the company's mission to further move its culture and talent strategy into the future – empowering employees' growth anywhere in their career journey. About Anywhere Real Estate Inc. Anywhere Real Estate Inc. is moving the real estate industry to what's next. As the leading and most integrated provider of U.S. residential real estate services encompassing franchise, brokerage, relocation, and title and settlement businesses as well as a mortgage joint venture, the Company supported approximately 1.5 million home transactions in 2021. The Company's diverse brand portfolio includes some of the most recognized names in real estate: Better Homes and Gardens® Real Estate, CENTURY 21®, Coldwell Banker®, Coldwell Banker Commercial®, Corcoran®, ERA®, and Sotheby's International Realty®. Using innovative technology, data and marketing products, high-quality lead generation programs, and best-in-class learning and support services, the Company fuels the productivity of its approximately 197,600 independent sales agents in the U.S. and approximately 140,600 independent sales agents in 119 other countries and territories, helping them build stronger businesses and best serve today's consumers. Recognized for eleven consecutive years as one of the World's Most Ethical Companies, the Company has also been designated a Great Place to Work four years in a row, named one of LinkedIn's 2021 Top Companies in the U.S., and honored on the Forbes list of World's Best Employers 2021. About the Best Workplaces in Real Estate™ Great Place to Work selected the Best Workplaces in Real Estate by gathering and analyzing confidential survey responses from over 23,000 employees from Great Place to Work-Certified™ companies in the real estate industry. Company rankings are derived from 60 employee experience questions within the Great Place to Work® Trust Index™ survey. Great Place to Work determines its lists using its proprietary For All™ methodology to evaluate and certify thousands of organizations in America's largest ongoing annual workforce study, based on over 1 million survey responses and data from companies representing more than 6.1 million employees, this year alone. About Great Place to Work® Great Place to Work® is the global authority on workplace culture. Since 1992, they have surveyed more than 100 million employees worldwide and used those deep insights to define what makes a great workplace: trust. Their employee survey platform empowers leaders with the feedback, real-time reporting and insights they need to make data-driven people decisions. Everything they do is driven by the mission to build a better world by helping every organization become a great place to work For All™.

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