Manhattan Office Rents Hit Record-Breaking $80 Per Square Foot Rates

Transwestern Commercial Services | July 24, 2019

According to new quarterly research from Transwestern Commercial Services, for the first time in history, the average rent in Manhattans office market topped $80 per square foot, closing the second quarter at $80.37, in a strong reporting period that also saw 8.5 million square feet of leasing activity.

Spotlight

Real Estate Investing For Inflation Protection In Late 2019 - is it smart to take a mortgage and invest in real estate now for wealth creation?

Spotlight

Real Estate Investing For Inflation Protection In Late 2019 - is it smart to take a mortgage and invest in real estate now for wealth creation?

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REAL ESTATE TECHNOLOGY

Real Estate Professionals Can Now Order A Real Estate Home Warranty Seamlessly Online with Liberty Home Guard's Cutting Edge Realtor Portal

Liberty Home Guard | November 29, 2021

America's #1 consumer-rated home warranty provider Liberty Home Guard announced the launch of their Realtor Portal on their website. This state-of-the art interface allows real estate professionals to manage their client base and home warranty policies with ease. Liberty Home Guard is known for its integrity, and since its inception has quickly become a leader in innovating the home service industry. The Realtor Portal is part of a series of online tools the company has launched to increase efficiency, decrease time, and enhance user experience in managing the home warranty process. The Realtor Portal was specially designed for real estate professionals, allowing them to submit orders for new home warranty policies and proforma invoices online. Real Estate Professionals can also track and redeem points in exchange for gift cards with the Realtor Rewards Program. Additionally, the portal provides access to exclusive customizable marketing materials to increase their brand visibility and elevate their business. A home warranty in a real estate contract can reduce the number of days a property is on the market by 16% and increase its value. "We see how much real estate professionals have to manage and true to our nature, we wanted to help simplify things for them. We're proud to announce the release of our Realtor Portal, an industry-leading tool that will allow for efficient ordering and set up of home warranties. We hold our customers and partners in the highest of regards and as such it is incumbent upon us to provide them with resources to best utilize and manage our services. We're thrilled to have them use our Realtor Portal." - David Moreno, CEO and co-founder of Liberty Home Guard Liberty Home Guard Liberty Home Guard is a home warranty provider operating in 46 states. They have been rated the #1 Home Warranty Provider by the U.S. News & World Report and received an A grade from The Better Business Bureau. Liberty Home Guard is committed to revolutionizing the home service industry by providing customers with outstanding service and cutting edge technology to increase ease and efficiency in the home warranty process.

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REAL ESTATE TECHNOLOGY

Hilco Redevelopment Partners Hires Professional George Needs as Vice President-Mixed Use Development Real Estate Industry

prnewswire | November 05, 2020

Hilco Redevelopment Partners (HRP), the real estate development unit of Hilco Global that remediates and redevelops complex and obsolete industrial properties, announced today it has hired George Needs to the position of Vice President – Mixed Use Development. Mr. Needs joins the growing HRP organization and will be a vital addition to the new urban mixed-use development team. Mr. Needs will join Melissa Schrock, who was recently brought on to lead the team, and together, they will be responsible for managing several exciting projects currently underway, including L Street Station in Boston, Massachusetts and Campus Bay in San Francisco, California, among other significant projects throughout the country. He will be based on Boston, MA.

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REAL ESTATE TECHNOLOGY

CRED iQ Launches Commercial Real Estate Comps Software

CRED iQ | September 24, 2021

CRED iQ, a data, analytics and valuation platform serving the commercial real estate finance and investment communities today announced the launch of its property comps tool. The tool compares a subject's appraised value, rent, expenses, occupancy, cap rate, interest rate, as well as several other property and loan characteristics against its competitive set and the overall market. Developed using a proprietary algorithm, the software selects similar properties from CRED iQ's data set based on several property and loan factors and assigns a score based on the relevance of each comp. The software automatically generates comps for properties in the CRED iQ database. Users can also enter property details to generate comps for almost any commercial property in the US. Our platform was built using the latest data lake technologies so that commercial real estate professionals could instantly access relevant, timely, and verified property and loan data. The comps technology allows users to quickly gauge market fundamentals or underwrite a specific loan using detailed financials from intelligent market comps with a few clicks. - Co-Founder Michael Haas We developed this tool to provide a convenient way for users to compare performance, valuation and loan characteristics for any commercial property with its competitive set. Users have access to comps for all properties within our database, or search and generate comps for almost any commercial property in the country. - Co-Founder Bill Petersen. About CRED iQ CRED iQ is a commercial real estate data, analytics and valuation platform serving professionals across the CRE investment, brokerage, and lending industries. Updated monthly, CRED iQ's robust database is powered by over $1.5 trillion of loan and property data from the securitized universe. CRED iQ tracks data on CMBS Conduit, SBLL, CRE CLO, and Agency debt combined with verified borrower and true ownership contact details. Headquartered in Radnor, PA, the company also has offices in Dallas and Portland, OR.

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