Market Outlook, Real Estate Investment

The Agency Announces the Launch of New Franchise Office in Toronto West

The Agency | March 09, 2023 | Read time : 05:00 min

The Agency Launches Its New Franchise Office in Toronto West

The Agency, a global real estate brokerage company, recently launched a new franchise office in Toronto West. With the new office in Toronto, the company has fourteen offices in Canada and three in Toronto. It joins the brokerage's growing network with the recent launch having more than 75 offices in the US, Mexico, Canada, Europe and the Caribbean. Industry veterans Katia Bailey, Paul Greenberg, and Steve Bailey, as Managing Partners and Matt Lionetti, Managing Director, will run the new office named The Agency Toronto West.

The company has expanded globally throughout the last year, making it one of the fastest-growing luxury boutique brokerages worldwide. The independent brokerages owned by the company are referred to and integrated as genuine global partners. Every Managing Partner, from corporate or independently-owned offices, functions as a unified, genuine global network. The Agency's global partners have access to technology, tools, leadership, marketing, training and public relations in the company's corporate offices. Within the first quarter of the current year, it launches six new offices, including the recent launch of the Toronto West office, with more on the horizon in the coming months.

The Agency's well-known brand has been featured on international television programs like Buying Beverly Hills, which premiered on Netflix on November 4, 2022, along with The Real Housewives of Beverly Hills as well as Million Dollar Listing Los Angeles. The Agency has expanded to more than 70 corporately owned and franchise offices worldwide, making it one of the world's fastest-growing luxury boutique brokerages. Additionally, The Agency was recently ranked 21st on the RealTrends 500 list for 2022 and led the top 50 firms in average sales price by sides at $2.5 million. Additionally, the Agency was named Inman's Luxury Brokerage of the Year in 2022.

About The Agency

The Agency is a global brokerage real estate company with agent-first, tech-driven boutique luxury representing clients worldwide in various classes, including residential, new development, resort real estate, luxury leasing and vacation rentals. The Agency adopts a collaborative business strategy, departing from the traditional brokerage model and fostering a culture of partnership in which all clients and listings are represented in a collaborative setting. The shared resources and networks of the entire global team benefit the agents and clients. It has closed over $57 billion in real estate transactions since 2011, including 70 offices in 10 countries, with its headquarters in Beverly Hills, California.

Spotlight

Spotlight

Related News

Real Estate Technology, Real Estate Investment

Covius Announces New Digital Home Equity Title Solution With Pre-Screening Component for Banks and Credit Unions

PRnewswire | July 12, 2023

Covius, a leading provider of technology-enabled solutions to the financial services industry, announced today that its Settlement Services division has introduced a new home equity decisioning solution that significantly accelerates the origination process and gives lenders early insight into property and/or borrower issues that could expedite or delay decisions. The Covius Home Equity Solution will allow bank and credit union clients to offer a streamlined origination experience to their home equity customers. For example, title and tax reports that used to take 3 or more days are now delivered in hours on a majority of loans, enabling closings to occur in as fast as 5 days, as opposed to the industry average of 20-plus days. The new solution also features Covius Loanscape, a separate point-of-sale component for lenders that provides critical property and consumer insights in fewer than 45 seconds. This report reveals title, valuation and credit information that enhances a lender's loan origination workflow, coupled with expedited decisioning and abbreviated closing timelines. The Covius Home Equity Solution is fueled by Flueid's leading title data and decisioning platform, Flueid Decision, as an expansion of the companies' integration announced in February 2023. Joe Chappell, Executive Vice President of Operations at Covius, said, "The demand for home equity products is extremely strong, but the competition for this business is intense. Our new solution[s] enable clients to differentiate themselves by delivering a modern, streamlined customer experience, beginning at point-of-sale and continuing throughout the underwriting and closing processes. "In seconds, Covius Loanscape allows lenders to determine if the loan qualifies for an expedited clear-to-close. Sharing this information at the point of sale empowers lenders to set borrower expectations more accurately, better prioritize orders and improve overall pipeline performance. Likewise, lenders will know that a lead on a property will not meet criteria before ordering full credit, valuation or other third-party products, and having underwriters spend days on an application that will be declined. This is especially valuable with home equity origination, where many costs are absorbed by the lender." About Covius Covius is a trusted provider of services, insight and technology to leading financial companies. Covius' technology-enabled solutions deliver operational efficiencies, mitigate risk and empower compliant decisions and borrower interactions. Covius businesses are recognized leaders in loss mitigation, document and data solutions, title and settlement services, compliance and critical borrower communications, lien release tracking and preparation, HOA tracking, quality assurance, REO asset management and auction services, credit reporting and verification, capital markets due diligence and oversight, insurance policy analysis as well as rapid-development, customizable cloud-based business process solutions. The company was named a 2023 HousingWire Tech100 winner. For more information about the company and its services, visit www.covius.com.

Read More

Real Estate Investment

Kimco Realty® Acquires Stonebridge at Potomac Town Center

Kimco Realty Corporation | August 25, 2023

Kimco Realty® North America’s largest publicly traded owner and operator of open-air, grocery-anchored shopping centers and a growing portfolio of mixed-use assets, today announced the acquisition of Stonebridge at Potomac Town Center, a 96%-occupied, 504,000-square-foot, grocery-anchored lifestyle center in Woodbridge, Virginia, for $172.5 million. The center, which has an estimated population of over 230,000 people and an average household income of $125,000 within a five-mile radius, is anchored by a 138,500 square foot Wegmans, one of the state's top-ranking grocers with a trade area of 40 miles, and the only Apple store in the greater trade area. The center's diverse tenant mix features a complementary blend of leading national brands, including REI, Ulta Beauty, Starbucks, Cava, Firebirds Wood Fired Grill, as well as a variety of local shops which include boutique fitness, personal services, restaurants and medical uses. "We’re excited to add Stonebridge at Potomac Town Center, a premiere grocery-anchored center situated in a high barrier-to-entry location with strong demographics, to our dynamic portfolio,” said Ross Cooper, Kimco’s President and Chief Investment Officer. “This center boasts a robust growth profile that will complement and solidify Kimco’s position as the leading retail player in the suburban Washington D.C. market.” This acquisition presents a variety of growth prospects, including the potential to develop three outparcel retail buildings, increase density through mixed-use development, and enhance the existing merchandising mix through the recapture of below market leases. Strategically located at the intersections of I-95, Dale Boulevard, Route 1, and Opitz Boulevard, the center benefits from 5.5 million annual visits, ranking in the 97th percentile nationally. Construction of a municipal park and ride garage adjacent to the center demonstrates continued government investment in the area and is expected to drive additional traffic upon its completion in mid-2024. About Kimco Realty Kimco Realty is a real estate investment trust (REIT) headquartered in Jericho, N.Y. that is North America’s largest publicly traded owner and operator of open-air, grocery-anchored shopping centers and a growing portfolio of mixed-use assets. The company’s portfolio is primarily concentrated in the first-ring suburbs of the top major metropolitan markets, including those in high-barrier-to-entry coastal markets and rapidly expanding Sun Belt cities, with a tenant mix focused on essential, necessity-based goods and services that drive multiple shopping trips per week. Kimco Realty is also committed to leadership in environmental, social and governance (ESG) issues and is a recognized industry leader in these areas. Publicly traded on the NYSE since 1991, and included in the S&P 500 Index, the company has specialized in shopping center ownership, management, acquisitions, and value enhancing redevelopment activities for more than 60 years. As of June 30, 2023, the company owned interests in 528 U.S. shopping centers and mixed-use assets comprising 90 million square feet of gross leasable space.

Read More

Real Estate Technology, Real Estate Investment

MRI Software Acquires PropTech Services Leader Loci Solutions

PRNasia | July 17, 2023

MRI Software has acquired Loci Solutions Group Pty Limited, an Australian property technology consulting and outsourced managed services company serving commercial, industrial, and retail property markets across Asia Pacific. Loci Solutions is well-known as an MRI Certified Partner specialising in the implementation of property management systems (PMS) for property developers, managers, and owners/investors. It also provides value-add outsourced accounting and lease administration services, as well as concierge support. David Bowie, Senior Vice President and Managing Director for MRI Software in Asia Pacific, said, "I'm excited to officially welcome Nikki, Gwen, and the rest of the Loci team to MRI. This acquisition strengthens our MRI @Work™ capabilities and enables us to scale and better support our commercial clients in their business growth. We're particularly excited to add Loci's outsourced lease administration services to our portfolio, helping clients automate manual tasks, reduce costs, and accelerate time to value." "Loci has been one of our key partners for over 15 years, serving as our primary implementation partner for Property Management X (PMX) in APAC for most of this time. As we integrate Loci's capabilities into our solution suite, our clients will have a more consistent experience and further benefit from our combined PropTech expertise," he said. Loci co-founder to lead MRI @Work Professional Services and Support Loci CEO and co-founder, Nikki Steadman, will lead the APAC MRI @Work Professional Services and Support team, which supports some of Australia's largest and most complex commercial real estate portfolios. Speaking in her new capacity as Head of MRI Professional Services and Support for MRI @Work, Asia Pacific, Ms. Steadman says, "We've felt like an extension of the MRI family for the last 15 years, and it's an honour to be formalising our relationship. Creating a united team like this allows an even more integrated approach for our commercial clients. I am really excited about the depth and breadth of service and product we're able to offer together. It's my privilege to now lead the unified team as we work from beginning to end in a client's journey and success." Mr. Bowie says, "Rest assured, MRI remains committed to our core value of providing clients the ability to choose the service providers that best meet their business needs. We look forward to continuing to grow and enable our managed services and consulting partner ecosystem to meet client demands and deliver world class services with a sole focus of client success." The financial terms of the deal are confidential. About MRI Software MRI Software is a leading provider of real estate software solutions that transform the way communities live, work and play. MRI's open and connected, AI-first platform empowers owners, operators and occupiers in commercial and residential property organisations to innovate in rapidly changing markets. MRI has been a trailblazer in the PropTech industry for over five decades, serving more than six million users worldwide. Through innovative solutions and a rich partner ecosystem, MRI gives real estate companies the freedom to realise their vision of building thriving communities and stronger businesses. For more information, please visit mrisoftware.com/au.

Read More