Study rates London property most likely to increase despite Brexit uncertainty

One & Only Pro Ltd | April 19, 2019

Kensington and Chelsea is the best place in London to invest in property as Brexit fears continue to hit prices, according to a new analysis. The study rates properties in the capital according to their ‘diamond’ investment status which looks at those most likely to increase in value and given a score of between one and 10. The analysis by property investment portal One and Only Pro, found that 19% of properties in Kensington and Chelsea are rated as ‘diamond’ with an average price of over £1 million. Whereas developers and investors would typically be looking for growth areas, the research shows that property is all about location. It is currently better to buy in the prime areas of London, as it offers investors better returns, terms of location and long term value.

Spotlight

The Wisconsin case of Southeast Wisconsin Professional Baseball Park District v.
Mitsubishi Heavy Industries America, Inc.1 is an interesting study in how pervasive the duty to
defend obligation can become in the context of a Owner Controlled Insurance Program (OCIP).
Under an OCIP, most construction participants forego securing their own insurance in favor of
coverage under a single project-related policy.

Spotlight

The Wisconsin case of Southeast Wisconsin Professional Baseball Park District v.
Mitsubishi Heavy Industries America, Inc.1 is an interesting study in how pervasive the duty to
defend obligation can become in the context of a Owner Controlled Insurance Program (OCIP).
Under an OCIP, most construction participants forego securing their own insurance in favor of
coverage under a single project-related policy.

Related News

REAL ESTATE INVESTMENT,MORTGAGE AND LENDING

AppraisalWorks Partners with Mortgage Cadence to Modernize the Appraisal Process

AppraisalWorks | December 01, 2022

AppraisalWorks, a leading provider of real estate appraisal management technology, today announced a partnership with Mortgage Cadence that will allow lenders to consolidate multiple appraisal vendor and order management systems onto the AppraisalWorks platform – for centralized management and automation of the complete appraisal management function. Mortgage Cadence is a comprehensive, customizable platform that is uniquely positioned to provide a complete, end-to-end loan lifecycle experience. The integration with AppraisalWorks will enable lenders to quickly select the best-fit property valuation model directly within the Mortgage Cadence platform. Lenders benefit from real-time communication, on-demand access to appraisal information, customizable workflows, greater efficiency and complete transparency throughout the appraisal process. “Adding the AppraisalWorks solution to the Mortgage Cadence suite of partner integrations will further help lenders accelerate their appraisal modernization efforts and improve their ability to deliver faster, more accurate appraisals, This partnership furthers Mortgage Cadence’s commitment to provide access to service providers of choice for lenders on the Mortgage Cadence platform.” -Jim Rosen, Executive Vice President of Services at Mortgage Cadence AppraisalWorks is on a mission to modernize appraisal management. Our partnership and integration with Mortgage Cadence strengthens our commitment to delivering the visibility and control lenders need to achieve exceptional customer service, By consolidating appraisal vendor and order management on AppraisalWorks, lenders gain greater efficiency, control and agility,said Ben Wiant, Vice President of AppraisalWorks. About AppraisalWorks AppraisalWorks® is a cloud-based appraisal management technology platform that enables banks, credit unions, loan servicers and mortgage lenders to order, manage, maintain, and analyze real estate appraisals and collateral valuations. Through its Community and Enterprise versions, AppraisalWorks improves process efficiency, ensures regulatory compliance, and facilitates collaboration among lenders, borrowers, processors, appraisers, and the quality control team – significantly improving loan turnaround time, reducing cost per loan, and enhancing the borrower experience. AppraisalWorks is patented under U.S. Patent 10,635,999. About Mortgage Cadence Mortgage Cadence delivers the industry’s most complete, modern, cloud-based digital lending platform designed to provide an exceptional user experience throughout the entire mortgage lending life cycle, across all channels and products. With a leading borrower point-of-sale through closing collaboration tools, the end-to-end platform is both complete and configurable offering an open-architecture designed to meet the needs of today’s lenders. The platform enables lenders to work more efficiently, leveraging automation and workflow tools that deliver an excellent borrower, sales and operational user experience.

Read More

REAL ESTATE TECHNOLOGY,REAL ESTATE INVESTMENT

Pacaso Collaborates with NevelHaus to Bring Innovative Co-ownership Platform to New York

Pacaso and NevelHaus | December 08, 2022

Pacaso, the leading technology-enabled real estate marketplace that helps people buy and co-own a luxury second home, today announced that it has collaborated with NevelHaus, an innovative turnkey homebuilding platform for modern eco-friendly homes, to expand its service to New York. Pacaso offers buyers the unique opportunity to co-own 1/2 of a contemporary second home in a new community being built by NevelHaus on a wooded 44-acre parcel in historic Stone Ridge, New York. "The collaboration with NevelHaus marks Pacaso's first foray into both new development and New York, We've had many buyers ask us since we launched in late 2020 when we're heading to New York and we are really excited and eager to respond to that demand with the first Pacaso in a first-of-its-kind collection of luxury homes in the historic Hudson Valley." -Pacaso CEO and Co-Founder Austin Allison Within two hours from New York City, Pacaso's first listing in New York is NevelHaus Lot 4. Located on 2.43 acres, this three-bedroom, three-bath retreat offers quiet, privacy and seasonal mountain views designed for today's most discerning consumer. The custom home features 30-ft vaulted ceilings, 9-inch wide-plank European white oak flooring, a cozy wood-burning stove, custom oak cabinetry with integrated appliances, bathrooms with heated radiant flooring, and a cozy reading nook and office. The outdoor terraces include a 15-by-30-foot saltwater pool with bluestone coping and an outdoor shower. The property, which includes a two-story garage with loft space, is close to dining and shopping, plus thousands of acres of hiking trails in nearby Minnewaska State Park and Mohonk Preserve. The Pacaso home comes fully furnished and professionally decorated. We're thrilled to be working with Pacaso on its first foray in New York State in the beautiful Catskills and Hudson Valley region, Like Pacaso, NevelHaus was created with the idea of simplicity at the heart of our process to customize and purchase second homes. Partnering with Pacaso enables a wider buyer pool of homebuyers to experience the NevelHaus brand, sleek architectural design by INC Architecture & Design and unparalleled lifestyle of Stone Ridge, New York, with nature at your doorstep,said NevelHaus Co-Founder, Pelle Hamburger. We have found that new construction is one of buyers' top desires in a second home so it was a no-brainer for us to partner with a category-defining home building platform like NevelHaus, We know this is the first of many endeavors for Pacaso and the award-winning NevelHaus team,said Pacaso Senior Vice President of New Development Lucy Wohltman. Pacaso partners with all interested real estate agents and brokerages in markets where it operates. Real estate agents representing buyers who purchase a share of a Pacaso home receive a 3% referral commission, plus Pacaso equity in the form of 500 RSUs. About Pacaso Pacaso® is a technology-enabled marketplace that modernizes real estate co-ownership to make owning a second home possible and enjoyable for more people. Pacaso curates luxury listings with premium amenities and high-end contemporary interior design, offers ⅛ to ½ ownership with integrated financing, and, after purchase, professionally manages the home and supports seamless resale. Co-founded by Austin Allison and Spencer Rascoff in 2020, Pacaso operates in 40 top second home destinations around the world. Pacaso has been certified as a Great Place to Work and is recognized as one of Glassdoor's 2022 Best Places to Work. About NevelHaus NevelHaus is a home building platform that offers buyers a stunning product with maximum spatial and finish flexibility to fit their exact needs and design aesthetic. Design components - including materials and finishes that connect to the surrounding landscape - may be customized with ease. The selection and sales process is simple and a skilled team educates clients every step of the way. NevelHaus was co-founded by Joshua Gelb and Pelle Hamburger in 2020. The two NYC-based developers partnered with the award-winning firm INC Architecture & Design, responsible for the design of notable and architecturally-significant hospitality and residential properties in the New York area, including 1 Hotel Brooklyn Bridge and the TWA Hotel. NevelHaus-designed homes may be licensed to be built across the world. Each license comes with a complete set of detailed drawings, specifications and material selections along with access to NevelHaus partners and suppliers.

Read More

REAL ESTATE TECHNOLOGY,REAL ESTATE INVESTMENT

Wolsen Real Estate Partners With Side in Wolsen Realty To Expand Its Sphere of Influence in Miami’s Luxury Market

Wolsen Real Estate | November 30, 2022

Wolsen Real Estate today announced Wolsen Realty and its partnership with Side, the only real estate technology company that exclusively partners with high-performing agents, teams, and independent brokerages to transform them into market-leading boutique brands and businesses. The alliance will ensure that Wolsen Realty’s professional, upscale services are powered by the industry’s most advanced platform. Since 2012, Wolsen Realty founder Denis Smykalov has provided exceptional real estate services as an agent and, since 2014, as a licensed broker. He harbors a deep knowledge of the local luxury market, which he integrates with his work to produce profitable results. With an innate ability to form long-lasting connections and a tenacious motivation to reach his clients’ goals, Smykalov has cemented his respected reputation among the top agents in Miami’s most competitive markets. With the help of his team, Smykalov has achieved more than $300 million throughout his career, $100 million of which was sold in 2021 alone. Of those totals, $20 million was managed exclusively using cryptocurrency. Wolsen Realty serves buyers, sellers, and investors with unparalleled concierge-style assistance in Miami’s most upscale markets. It hosts dozens of professionals who provide a full suite of services in their respective fields, including dedicated marketing, social media, and administrative teams. With over 100 years of combined experience actualizing customer aspirations, Wolsen Realty agents continue to set industry standards, paving the way via state-of-the-art marketing strategies and an ever-growing network. Partnering with Side will ensure Wolsen Realty remains on the cutting edge of the evolving real estate market while continuing to deliver premium services to its clients. Side works behind the scenes, supporting Wolsen Realty with a one-of-a-kind brokerage platform that includes proprietary technology, transaction management, branding and marketing services, public relations, legal support, lead generation, vendor management, infrastructure solutions, and more. Additionally, Wolsen Realty will join an exclusive group of Side partners, tapping into an expansive network from coast to coast. “I’m thrilled to take Wolsen Realty’s influence over the top with Side, With additional marketing, technology, administrative, and legal support to streamline our processes, we can strengthen our focus on building and maintaining client relationships to ultimately yield outstanding results.” -Denis Smykalov About Wolsen Realty Wolsen Realty fronts exclusive, concierge-style assistance for buyers, sellers, and investors in the upscale Miami market. With tireless persistence, unwavering professionalism, and an unparalleled work ethic, the Wolsen Realty team consistently produces lucrative results. Combining innovative industry strategies with transparent services, Wolsen Realty agents flawlessly secure luxury-level transactions so that its clients can live lavishly. About Side Side is a behind-the-scenes brokerage platform that exclusively partners with top-performing agents, teams, and independent brokerages to create and grow their own boutique brands without the cost, time, or risk of operating a brokerage. Side’s proprietary technology platform and premier support solutions empower its agent partners to be more productive, grow their business, and focus on serving their clients. Side is headquartered in San Francisco.

Read More