REAL ESTATE TECHNOLOGY
JLL-IR | July 07, 2022
JLL announced it has acquired Metropolitan Valuation Services ("MVS"), one of the largest independent commercial property appraisal and real estate consulting firms in the greater New York metropolitan area.
The addition of 20 valuations professionals to JLL's existing team of 10 creates an advisory powerhouse during a period of intensive pricing discovery. MVS's core competency extends to multi-housing, CBD and suburban office buildings, industrial/warehouse and shopping/retail properties, land, property transfers and market rent studies and appraisals for HUD section 8 properties. MVS was founded in 2003 by Principal and Co-Founder Steven Schleider. Clients include major financial institutions, Fortune 500 corporations, REITs, commercial real estate developers, investors, insurance companies, law firms, City of New York and government agencies.
"MVS, a 20-year-old experienced Tri-State team of highly seasoned professionals with a deep and intimate knowledge of New York, is well placed to empower clients with information and knowledge to help them make the best decisions for their real estate assets. Joining forces with MVS enables JLL to enhance our service for existing clients, strengthen our multi-housing capabilities within this buoyant segment and scale our footprint across the U.S.,"
Tony Lenamon, Head of Valuation Advisory at JLL in the Americas
Executive Vice President Ross Friedman and the existing JLL NYC Tri-State team will join forces with MVS Executive Vice Presidents Peter Rastetter and David Lyon under the leadership of Steven Schleider. "We have a unique and detailed understanding of the Tri-State area and I'm excited by the opportunity to expand our capabilities to better serve our clients as part of JLL," said Steven Schleider, President of Metropolitan Valuation Services.
"With JLL, we will have the resources to scale faster, broaden our existing practice areas, serve new asset sectors and to continue assisting investors and lenders in the NYC Tri-State area. We will also advise lenders and owners on navigating the valuation impacts that the energy mandates and sustainability regulations will have on commercial properties. This will all lead to a better understanding of the upside to be gained by creating healthy, sustainable buildings while helping New York City achieve its net zero targets."
As the top investment market globally over the last decade and a top-two market for cross-border investment over this time period, New York remains a key gateway city for national portfolios and global capital. As economic conditions, mobility patterns, consumer spending and tourism are improving in New York, the market is increasingly solidifying its position as a leading global hub for talent and resilient market for investment.
JLL's 2,000 qualified valuation professionals are connected across more than 50 countries, sharing insights and real-time data to advise on changing market dynamics and trends before they happen. A global community of sector-based specialists, the team delivers tailored client solutions for your real estate and business asset interests, giving an accurate picture of value and risk across any opportunity.
U.S. property valuation and tax consulting services are performed by JLL Valuation & Advisory Services, LLC, a wholly owned indirect subsidiary of Jones Lang LaSalle Incorporated.
About Metropolitan Valuation Services
Metropolitan Valuation Services is one of the largest independent commercial property appraisal and real estate consulting firms in the greater New York metropolitan area. Our clients include major financial institutions, Fortune 500 corporations, REITs, commercial real estate developers, investors, insurance companies, law firms, and government agencies.
About JLL
JLL is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $19.4 billion, operations in over 80 countries and a global workforce of more than 100,000 as of March 31, 2022. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated.
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MARKET OUTLOOK
Muriya | July 18, 2022
Muriya, Oman's most diversified real estate developer, has announced the launch of Fanar Views, a new first-of-its-kind residential project primely located in Hawana Salalah. Just a five-minute walk to the Fanar Hotel & Residences beach, the marina and the destination's world-class amenities, Fanar Views offers luxurious waterfront living and a unique investment opportunity with high potential returns within a lucrative year-round rental market.
The project boasts a limited selection of townhouses, twin- and standalone villas, fully serviced and furnished, with private pools overlooking the lagoons. Properties in Fanar Views are available with one-, two- and three bedrooms, offering resort-style living in a developed community. Buyers of all nationalities can also enjoy lifetime family residency, complimentary use of the Fanar Hotel & Residences' swimming pool, beaches, sports facilities, gym, business center and exclusive discounts at the hotel's restaurants.
"With the Governorate of Dhofar continuing to gain standing as a sought-after tourist destination and growing real estate market, Fanar Views is a great choice for living as well as a robust investment opportunity. As the first such development in the area, Fanar Views offers an ideal base from which to experience the beauty of the Governorate, complete with access to all of what Hawana Salalah as well as the key offerings that Fanar Hotel & Residences have to offer, As our latest prestigious neighbourhood, Fanar Views is designed with luxury living in mind, and whether for couples, families, or as a lucrative rental with high return on investment potential in Oman's rapidly-expanding subtropical city, the new neighbourhood unlocks the exceptional."
Seif Elkhouly, Chief Development Officer, Muriya
At the heart of the Governorate of Dhofar sits Hawana Salalah, where resort living becomes a lifestyle. The destination offers plenty of opportunities to live and invest throughout a growing range of freehold properties. Meanwhile, across its 13.6 million sqm Land Area, it offers 1,100 hotel rooms, 7km white sandy beaches, a 170 berth Marina, an Aqua Park, and a variety of bustling restaurants and cafes. Drawing residents and tourists from near and far, Muriya's flagship destination is brimming with life, offering open space, natural surroundings, and a place to be enjoyed for generations to come.
Muriya, the developer of Hawana Salalah, is a partnership between the leading government arm for tourism development in Oman, Oman Tourism Development Company (OMRAN), and the internationally acclaimed developer of fully-integrated towns, Orascom Development Holding (ODH).
About Muriya
Combining global and local expertise, Muriya is a partnership between the internationally acclaimed developer of fully-integrated towns, Orascom Development Holding (ODH) (70%) and the leading government arm for tourism development in Oman, Oman Tourism Development Company (OMRAN) (30%). Established in 2006, Muriya has been leading a solid business performance boasting investments worth over $750 million in developing Oman's most iconic Integrated Tourism Complexes (ITCs), while highlighting the Sultanate's history, heritage and natural beauty in the process. "Building Communities, Enriching Lives" is Muriya's priority across its portfolio of projects that includes, Hawana Salalah, Jebel Sifah and As Sodah Island, located in the Indian Ocean across the southern coast of Dhofar.
Muriya's flagship destination Hawana Salalah is located in the tropical city of Salalah in the Governorate of Dhofar southeast of Oman, with an area of 13.6 million sqm and will house a total of seven hotels, of which the 577-room Fanar Hotel & Residences, the 422-room Salalah Rotana Resort, the 82-room Juweira Boutique Hotel and the 19-beachfront hut, Souly Lodge are operational; totalling the available luxury hotel rooms to 1,100. The destination is home to Oman's first aqua park, the Hawana Aqua Park, a 170-berth marina, freehold residences, which are available to own or rent, and retail venues, restaurants and cafes.
Jebel Sifah, located 40 minutes from the capital city of Muscat, is spread over 6.2 million sqm and is designed to include five world-class hotels, of which the 68-room Sifawy Boutique Hotel is operational. It also houses freehold residences, which are available to own or rent, an 84-berth marina, and a wide range of dining and leisure facilities, and the 9-hole PGA Harradine signature golf course, Muscat's first course offering spectacular sea and mountain views to golfers.
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AGENT,REAL ESTATE ADVICE
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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