REAL ESTATE INVESTMENT
William Raveis Real Estate, Mortgage & Insurance | August 11, 2021
William Raveis Real Estate, Mortgage & Insurance (WRRE), the top family-owned real estate company in the Northeast, spanning to Florida, is pleased to announce it has acquired Sarasota, Fla.-based Key Solutions Real Estate, a leading luxury and family-owned brokerage with 44 professional sales associates, effective today. Key Solutions' offices on Siesta Key and in Lakewood Ranch will reopen under the William Raveis Real Estate luxury brand, creating unprecedented value for their customers and the community. The acquisition marks WRRE's entry into the Sarasota market, following Naples and Palm Beach.
William Raveis Real Estate has acquired Key Solutions Real Estate, a luxury and family-owned brokerage in Sarasota, Fla.
"Key Solutions Real Estate has built a wonderful culture with their staff and sales associates, and delivers an exceptional level of customer service," says William "Bill" Raveis, Chairman and CEO of WRRE, who founded the company 47 years ago and has grown it into a luxury real estate powerhouse with more than 4,300 agents in eight states and $16 billion in production in 2020.
The addition of two offices in Sarasota brings the current total of William Raveis offices in Florida to 14, and the family-owned company is actively seeking additional growth opportunities on both coasts of Florida. Since opening its first office in Naples just 5 years ago, and then expanding to Palm Beach, WRRE is on track to close well over $3 billion in sales in Florida alone.
"Florida is hot in more ways than one," said Raveis. "As more and more people from the Northeast buy primary or vacation homes in Florida, we plan to expand throughout Florida for many years, further strengthening our luxury network."
Susan Saltalamacchia, along with her son, Brian Tresidder, and close family friend, Keith Redding, spent a decade building Key Solutions into a highly successful, collaborative and family-oriented boutique luxury brokerage, specializing in the sale and rental of properties throughout Sarasota, and have generated close to $1 billion in sales since their inception.
"When we were approached to join William Raveis Real Estate, we knew it was a perfect fit. Their company and leadership team have the same values we embrace in our offices and their focus on agent success and training to improve the customer experience is second to none. We knew this was a company we wanted to be working with, and not against," says Tresidder, who will continue on as broker for the two Sarasota offices.
Strengthened Luxury Network from Sarasota to Northeast, International
This acquisition secures a competitive edge in the South Florida luxury markets by broadening WRRE's high-end network of ultra-luxury markets from areas in the Northeast like Nantucket, Wellesley, Greenwich, Westchester and Manhattan to Naples, Palm Beach and now Sarasota.
"There's no other brokerage like us in Sarasota. We have more than 4,000 sales associates in our Northeast footprint, and considering 4 of the top 5 states with the most people moving to Sarasota County are from the Northeast, we offer a marketing network unlike any other," adds Matt Lane, General Manager of William Raveis in Florida.
In 2018, Luxury Portfolio International, the marketing division of the world's largest international brokerage network, Leading Real Estate Companies of the World, recognized William Raveis as the #1 Global Luxury Broker in their unrivaled global network of 550 leading independent brokerages in 65 countries. Together with Leading Real Estate's luxury marketing arm and Luxury Portfolio International, WRRE's listings are broadcast to the best brokers and the most affluent buyers around the world.
WRRE is the only privately held firm offering mortgage and insurance services under one roof to its clients, thereby creating a seamless end-to-end customer experience. In addition, WRRE is proud to be the first in the nation to offer homeowners the most complete set of real estate services on the market. Not only will WRRE help clients buy and sell homes, they offer an expert partner to help renovate and stage the property, finance and mortgage the home, and provide closing services and insure a client's next home. With Raveis Purchase, WRRE will even purchase the client's home to make the process completely hassle-free. The newly launched program, Raveis CashBid, empowers buyers to present a cash bid, giving them an advantage in a competitive market.
ABOUT WILLIAM RAVEIS REAL ESTATE, MORTGAGE & INSURANCE
William Raveis Real Estate, Mortgage & Insurance is the number one family-owned real estate company in the Northeast, spanning to Florida, and the sixth largest independent real estate brokerage in the United States, according to RealTrends. William Raveis, WRRE's CEO and Chairman, founded the company 47 years ago and has turned it into a real estate powerhouse with more than 4,300 talented sales associates across 134 offices in Connecticut, Florida, Massachusetts, New Hampshire, New York, Rhode Island, Maine, and Vermont. WRRE is the only privately held firm offering mortgage and insurance services under one roof to its clients, thereby creating a seamless end-to-end customer experience. In 2020, William Raveis closed $16 billion in real estate sales, $2 billion in mortgages, serviced 30,000 insurance customers, and closed 27,000 transactions.
Dealpath | June 16, 2020
Dealpath, the leading software solution for real estate investment and portfolio management, announced today that Manulife Investment Management has chosen Dealpath as its real estate deal management solution. Dealpath will provide its industry-leading software solution to manage the investment pipeline and streamline the acquisition and disposition process. Manulife Investment Management’s Real Estate team will leverage Dealpath as their command center for smart pipeline tracking, powerful deal analytics and collaborative workflows empowering smart acquisition decisions, driving operational leverage and mitigating enterprise risk.
REAL ESTATE INVESTMENT
MRA Group | December 01, 2021
MRA Group (MRA) announced that they have closed on the acquisition of DuPont's Chestnut Run Lab Campus located at 984 Centre Rd in Wilmington, DE, and have embarked on an ambitious $500 million redevelopment plan. Renamed Chestnut Run Innovation & Science Park (CRISP), the 163-acre campus contains approximately 780,000 square feet of existing lab, research, and advanced manufacturing space.
Located in the Greenville area of Wilmington, Chestnut Run Innovation & Science Park is four miles west of Central Wilmington, DE, and just ¼ mile south of Barley Mill Plaza, which is currently developing over 110 residential units and commercial spaces, including the area's first Wegmans supermarket.
"We recognized the amazing potential for the campus to address the regional demand for market-ready life science and advanced manufacturing facilities, particularly when combined with its superior location along the I-95 corridor, Northern Delaware is ideally positioned to emerge as a hub for life science, research & development, and pharmaceutical manufacturing companies. The deep pool of educated and experienced professionals is an incredible asset to any firm locating here."
- Mike Wojewodka, MRA Group Executive Vice President and Partner.
Wojewodka believes the CRISP campus will further Delaware's attractiveness to innovative companies from around the world. Development plans include shared amenities to foster interaction and collaboration between tenants and the surrounding community. Dupont will continue to maintain its presence on the campus by leasing approximately 190,000 square feet in two buildings.
This is the third major campus redevelopment for MRA, having reinvented the 133-acre 600,000 square foot Spring House Innovation Park in Lower Gwynedd Township, PA, and the 137-acre, 800,000 square foot TEK Park in the Lehigh Valley, PA. MRA will utilize and enhance the existing infrastructure to create state of the art life science laboratories, scientific research facilities, and Class A office space. Planned campus amenities include a hotel, fitness center, conference space, an outdoor amphitheater, and accommodations for food services including restaurants and eateries.
"We are excited to be back in Delaware with such an incredible opportunity, and grateful to be at the helm of such an impactful project, Our vision for CRISP will set a new standard for innovative campus redevelopment in the region, as we believe it will become Delaware's leading biotechnology and science hub, while also providing an engaging community experience."
- MRA Group Founder and CEO Lawrence Stuardi.
About MRA Group
MRA Group (MRA), based in Horsham, PA, is a privately-held, multi-disciplined real estate solutions firm servicing the life sciences, health care and higher education sectors. Founded in 1991 by president and CEO Lawrence J. Stuardi, MRA prides itself on maintaining the same high level of integrity and excellence that led to its recognition as one of the most respected real estate firms in the mid-Atlantic region. With 30 years of providing clients with real estate solutions varying from development to advisory and management services, MRA has more than 4.5M square feet of medical, life sciences and office real estate under management, and has structured over $1B of financing. A few recent and notable development projects include Spring House Innovation Park, the Holy Redeemer Medical Building at 201 Veterans Way, Pennovation Lab at the University of Pennsylvania's Pennovation Works Campus, TEK Park, Oxford Valley Medical Plaza and the St. Clair Medical Office Building at St. Mary Medical Center.