Price growth slows in Edinburgh’s prime property market

Knight Frank | July 10, 2019

Price growth in the buoyant Edinburgh prime residential property market has moderated as some potential buyers and vendors tread water awaiting political clarity, according the latest city index. Annual price growth in Edinburgh slowed to 4.3% in June, down from 7.6% at the end of the first quarter of the year and from more than 10% at the end of 2018, the data from the Knight Frank index shows.

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Think smart buildings are only about energy, or that they are exorbitantly expensive? Think again.

Spotlight

Think smart buildings are only about energy, or that they are exorbitantly expensive? Think again.

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MARKET OUTLOOK

Global Brokerage Berkshire Hathaway HomeServices Expands in California

Berkshire Hathaway HomeServices | October 28, 2022

Berkshire Hathaway HomeServices, a global residential real estate brokerage franchise network is pleased to announce its further expansion in the state of California, with the addition of Berkshire Hathaway HomeServices Lifestyle Properties. Located in Orange County California, the office is owned and operated by Adrian Hernandez. Hernandez has been in the real estate arena servicing clients nationwide and has reached over $200 million in sales volume. With a dynamic team of 15 agents, he brings an extensive amount of familiarity to the Southern California market. The company will service Orange County and the surrounding areas. “Part of the reason living in Orange County is popular for homebuyers is that it is right between Los Angeles and San Diego. House hunters that have hybrid work in San Diego may want to narrow their search to Dana Point, as this sun-kissed community by the ocean is just under an hour away, We look forward to providing clients with a seamless home buying or home selling experience under the iconic Berkshire Hathaway HomeServices name.” -Hernandez By joining the network, Berkshire Hathaway HomeServices Lifestyle Properties agents gain access to Berkshire Hathaway HomeServices’ active referral and relocation networks, and its “FOREVER Cloud” technology suite, a powerful source for lead generation, marketing support, social media, video production/distribution and more. The brand also provides an exclusive Luxury Collection marketing program for premier listings. Its Prestige Magazine showcases network members’ premium listings with a strong lineup of feature stories covering topics that appeal to high-end real estate clients. The pandemic created an overheated real estate market in the past two years, Adrian and his team have proven their resilience and dedication as successful industry professionals and we are thrilled to welcome them to the brand,said Christy Budnick, CEO, Berkshire Hathaway HomeServices. The company will be celebrating its grand opening with a cocktail event on December 7th. In attendance include the brand’s chairman, Gino Blefari, the Chamber of Commerce, and local industry colleagues. Gino Blefari, chairman of Berkshire Hathaway HomeServices, welcomed Berkshire Hathaway HomeServices Lifestyle Properties to the network. Adrian, together with his talented agents and staff, has built an exceptional brokerage and demonstrated a longstanding commitment to providing exceptional service to their buyers and sellers, We are committed to their continued growth and success, and we are proud to welcome them to the Berkshire Hathaway HomeServices global network,said Blefari. About Berkshire Hathaway HomeServices Lifestyle Properties Berkshire Hathaway HomeServices Lifestyle Properties is a member of the Berkshire Hathaway HomeServices global residential real estate brokerage franchise network, assisting clients in Orange County California and surrounding areas. With its extensive market knowledge in commercial and residential transactions, it assists its clients in every step to guarantee a smooth and simple transition. About Berkshire Hathaway HomeServices Berkshire Hathaway HomeServices is a global residential real estate network with more than 50,000 real estate professionals and nearly 1,500 offices across 11 countries including, the U.S., Canada, Mexico, Europe, the Middle East, The Bahamas, and India. In 2021, the Berkshire Hathaway HomeServices global network represented more than $179.9 billion (USD) in real estate sales volume. The network, among the few organizations entrusted to use the world-renowned Berkshire Hathaway name, brings to the real estate market a definitive mark of trust, integrity, stability, and longevity.

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REAL ESTATE TECHNOLOGY, REAL ESTATE INVESTMENT

Cherre & Dealpath Announce Strategic Partnership

CHERRE and DEALPATH | September 28, 2022

Cherre, the leading data integration and insights platform, today announced a brand new data partnership with Dealpath, the industry’s most trusted, purpose-built real estate platform, empowering hundreds of today’s leading institutions such as Blackstone, AEW, Oxford Properties, Nuveen, Principal Real Estate, and Bridge Investment Group to invest digitally in the built world. This news comes on the heels of Dealpath’s momentous $43M Series C round led by Morgan Stanley Expansion Capital with participation from key existing investors including Blackstone, 8VC, JLL, Nasdaq Ventures, and GreenSoil PropTech Ventures. "Understanding granular details associated with investment pipeline and portfolio analytics is critical for institutional investors to deliver optimal, risk-adjusted returns, Integrating Dealpath’s unmatched investment pipeline as well as portfolio management data into Cherre enables mutual customers to maximize the information edge and glean critical data driven insights." -L.D. Salmanson, CEO & Co-Founder, Cherre Through this collaboration, top CRE investment management firms leveraging Dealpath will be able to pull their pipeline and deals data into Cherre’s market-leading platform. This will enable deeper visibility and insights that drive core investment strategies, underwriting and performance. As the integration continues to evolve, shared customers will be able to access property, market, and other important contextual data about assets in the acquisition pipeline. Cherre's award-winning platform seamlessly connects disparate real estate data, enabling its customers to automate workflows, in addition to building out predictive analytics. With Cherre, customers can evaluate opportunities and trends faster as well as more accurately, while saving millions of dollars within the manual data collection and analytics costs. Dealpath couldn’t be more excited to partner with Cherre to enable the industry to best leverage data that powers more informed and accurate investment and underwriting decisions, Our team designed Dealpath as an open platform that easily interacts and integrates with other key market-leading digital tools in today’s modern real estate tech stack. Cherre was a given. Our customers will be able to connect real-time deal pipeline and portfolio data with critical public, private & data to gain deeper insight,said Mike Sroka, CEO and Co-Founder, Dealpath. From pipeline through portfolio management, Dealpath serves as the investment command center, the single source of truth that provides vetted, real-time deal information, together with associated files and tasks, fueling data-driven analysis as well as decisions to achieve optimal, risk-adjusted returns. To date, Dealpath has supported more than $10T in transactions globally. Safeguarded with an institutional-level security in compliance with SOC 2 Type 2 Dealpath enables investment managers to operate at scale with speed and precision by providing easy access to data and effective internal and external collaboration across teams, partners, and vendors. With off-the-shelf efficiency and ease-of-use it enables cross-functional teams to engage seamlessly with centralized data that updates in real-time from anywhere, flexible in configurability to meet your preferences. It is great to see two leading CRE vendors come together to deliver cohesive digital platforms to the commercial real estate industry. We need more partnerships like this between top solution providers to continue to advance the conversation and innovation in our industry, a global consulting firm to the alternative investments industry that has worked closely with both Dealpath and Cherre on data integrations,said Naseem Wenzel, Executive Director and Head of Real Assets North America at Lionpoint Group LLC ABOUT CHERRE: Cherre provides investors, insurers, real estate advisors, and other large enterprises with a platform to collect, resolve, and augment real estate data from hundreds of thousands of public, private, and internal sources. 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 DEALPATH: Dealpath is real estate’s most trusted cloud-based investment management platform, providing real-time access to vetted, secure and up-to-date investment data to empower collaboration, strategic and predictive decisions. Investment as well as development firms leverage Dealpath as their command center for smart pipeline tracking, powerful deal analytics and collaborative workflows, driving maximum performance from pipeline through portfolio management. Founded in 2014, Dealpath’s supported over $10 trillion in transactions with leading institutions across the globe.

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REAL ESTATE INVESTMENT,MORTGAGE AND LENDING

MeridianLink® Announces Acquisition of OpenClose™

MeridianLink | November 08, 2022

MeridianLink, Inc.® (NYSE: MLNK) today announced it has completed the acquisition of OpenClose™, a leading fintech provider of residential mortgage software solutions for banks, credit unions, and independent mortgage lenders. The acquisition will enable customers to deliver seamless digital lending experiences to consumers, while reducing costs and time to close. The deal will also support the continued market expansion of MeridianLink’s full system capabilities serving depository organizations. MeridianLink is committed to ongoing innovation and will continue its investment in both the OpenClose (LenderAssist™) and MeridianLink® Mortgage (formerly known as LendingQB®) LOS solutions, giving customers more choices for award-winning digital lending offerings. The OpenClose and MeridianLink Mortgage workflow-driven solutions offer market-leading digital loan origination systems (LOS), point-of-sale (POS), product and pricing engine (PPE), and business intelligence (BI) functions, with easy access from any browser or mobile device. “We are thrilled to welcome the OpenClose team to MeridianLink. Combining the strengths of our organizations is great for the industry as we further enable our customers to deliver fast, frictionless mortgage lending experiences, from application through closing, This acquisition ensures that all customers can be confident that they have a comprehensive, premier mortgage solution in whichever offering they choose and that we will continue to invest in both offerings as we evolve the products to incorporate the best capabilities of each.” -Nicolaas Vlok, CEO of MeridianLink As part of the integration, MeridianLink Mortgage customers will be able to access the OpenClose point-of-sale (POS) system, Consumer Assist™, providing a superior experience for borrowers. In addition, OpenClose LenderAssist customers will be able to leverage the MeridianLink PriceMyLoan product and pricing engine (PPE), offering richer pricing options and features like parallel mortgage insurance pricing, an integrated fee engine, and loan comparison reports. Founded in 1999, OpenClose pioneered a SaaS-based lending automation software platform for the mortgage industry. Today, the company's comprehensive loan origination software helps customers cut the cost to manufacture loans while reducing processing and underwriting cycle times. For these reasons and more, OpenClose has experienced strong year-over-year growth as financial institutions invest in mortgage technology. Since our founding, customers have validated our company’s capabilities by choosing our SaaS solutions time and time again. Now, after record growth over the last several years, we’re excited to reach more customers faster while still providing the best-in-class technology, team, and customer service to which our customers have become accustomed, I am confident that our innovative, talented, and dedicated team along with our industry-leading technology will thrive even further as part of MeridianLink,said JP Kelly, president of OpenClose. About MeridianLink MeridianLink® (NYSE: MLNK) is a leading provider of cloud-based software solutions for financial institutions, including banks, credit unions, mortgage lenders, specialty lending providers, and consumer reporting agencies. Headquartered in Costa Mesa, California, MeridianLink provides services to more than 1,900 customers, including a majority of the financial institutions on Forbes’ 2021 lists of America’s Best Credit Unions and Banks.

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