Markets come off day's high; ITC down 1%

  | June 29, 2016

Markets came off their day's highs as investors booked profits at higher levels with FMCG shares emerging as the top losers.

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ATLANT Platform is building a next generation global real-estate platform based on blockchain technology. We believe blockchain has the potential to help accelerate the doption of the Sharing Economy which has already begun to unleash industry disruption by opening up significant amounts of previously untapped private capacity and tokenization of property may completely changereal estate transactions.


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REAL ESTATE ADVICE

Douglas Elliman Expands into Basalt, Colorado

Douglas Elliman Realty | July 27, 2022

Douglas Elliman Realty, one of the largest independent residential real estate brokerages in the United States, announced today that it has expanded its footprint in Colorado. With the opening of a new office in Basalt — its fourth office in the state — the company is well positioned to bring its market expertise and unparalleled service to the Mid-Valley communities of Basalt, Carbondale and Glenwood Springs, near Aspen where Douglas Elliman consistently sets record-breaking sales. Located at 310 Market Street, the 800-square-foot office will provide space for both agents and staff members. With more than 330 active listings, the Mid-Valley is poised to exceed the $943 million in total sales volume generated in 2021. *Statistics provided by Land Title Guarantee and Aspen Glenwood MLS. "Like the increasing numbers of homebuyers and investors drawn to the region, we see tremendous opportunity in Colorado's Mid-Valley, With the current inventory and growing demand for new developments, we expect to substantially increase our market share." Scott Durkin, CEO, Douglas Elliman Realty As a result of remarkable sales activity in nearby Aspen over the past two years, numerous Aspen sellers have taken their financial gains and migrated to the Mid-Valley. And with two luxury country clubs—The Roaring Fork Club in Basalt and Aspen Glen in Carbondale—the region has become a draw for out-of-state buyers, including from Texas. "Our strong sales in Aspen propelled Douglas Elliman to the number two position in overall market share," said Stephen Kotler, CEO of Douglas Elliman Realty's Western Region. "Our new presence in Basalt combined with our ability to leverage our national and international referral network positions us to replicate that success in the Mid-Valley." "With the increased demand for new inventory, numerous development projects are currently under construction or scheduled to break ground over the next 12 months," said Edmund Foran, Executive Manager of Sales and Managing Broker, Aspen and Snowmass Village, for Douglas Elliman Realty. "Having a visible presence in the Mid-Valley will enhance our ability to secure new listings." Some of Elliman's current listings in the Mid-Valley communities include 5616 County Rd 100 in Carbondale listed by Amy Doherty and Julia Herman for $9.8 million, 227 Sage Rim Circle in Basalt listed by Mary Kate Farrell for $9.925 million, 1270 County Road 240 in Glenwood Springs, a 1123 acre ranch on the Colorado River listed by Michael Latousek for $38.647 million and 2561 Frying Pan Road in Basalt, featuring 137 acres and half a mile of frontage of Gold Medal fly fishing on the Frying Pan River for $15.95 million also listed by Michael Latousek. About Douglas Elliman Inc. Douglas Elliman Inc. (NYSE: DOUG, "Douglas Elliman") owns Douglas Elliman Realty, LLC, which is one of the largest residential brokerage companies in the United States with operations in New York City, Long Island, Westchester, Connecticut, New Jersey, the Hamptons, Massachusetts, Florida, California, Colorado, Texas and Nevada. In addition, Douglas Elliman sources, uses and invests in early-stage, disruptive property technology ("PropTech") solutions and companies and provides other real estate services, including development marketing, property management and settlement and escrow services in select markets.

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REAL ESTATE TECHNOLOGY

STAIRCASE LAUNCHES LANDMARK CREDIT WATERFALL TECHNOLOGY FOR MORTGAGE LENDERS

STAIRCASE | August 19, 2022

Staircase, the company building an integrated, digital infrastructure to accelerate tech-enabled mortgages, has launched Credit Waterfall, a new application program interface (API) that empowers lenders to streamline originations by providing access to all credit providers serving the mortgage market. Credit Waterfall enables lenders to easily switch between credit providers to get the best pricing every time and to securely share a borrower's credit data throughout their other systems. The new API also lets lenders toggle between soft and hard credit pulls so they are able to better control expenses while protecting their leads from trigger credit pull alerts at other lenders. Currently, most lenders order a borrower's credit through hard-wired connections between a single credit provider and their point-of-sale (POS) system or loan origination system (LOS). This strategy fails to provide lenders with the best credit option for a particular scenario and prevents them from sharing a borrower's credit data with their other systems which drive up costs. "Pulling a borrower's credit to determine their eligibility for a loan is an essential part of the mortgage process, but also one of the largest sources of lender costs, With Credit Waterfall, lenders now have the full breadth of choices when it comes to pulling a borrower's credit, with the best possible option chosen every single time, automatically. There's nothing else on the market like it." -Soofi Safavi, Staircase cofounder and CTO Most lenders are struggling to reduce expenses, especially given today's tight housing market, Yet, they are typically hamstrung by poor technology integrations and lack of credit options when qualifying borrowers. By performing a soft pull on a borrower's credit, Credit Waterfall enables lenders to check a borrower's credit earlier in the application process without tipping off competitors that their customer is in the market for financing,said Staircase CEO and cofounder Adam Kalamchi. Credit Waterfall is available through Staircase's low-code credit API, which allows lenders to switch from their current credit provider in just minutes. With Credit Waterfall, lenders are only charged $1 to access any given credit provider. For $2, they can create a credit "waterfall," which uses dynamic business logic to choose the best solution from multiple credit providers. In less than a month, Credit Waterfall develops a logical sequence to provide lenders with the optimal credit workflow for their organization's needs. Lenders pay nothing if Credit Waterfall does not return any results. Our customers on average reduce their credit expense by 33% right away and realize further savings with just a few weeks of fine tuning, Kalamchi said. Beyond Credit Waterfall, Staircase's unique waterfall technology has numerous applications, enabling lenders and servicers to create automated, integrated loan processing workflows using the optimum service partner or partners. If a partner does provide adequate results, Staircase automatically goes to other partners in waterfall fashion until the process is complete. About Staircase Staircase is an API and low-code marketplace which automates complex technologies and makes them self-serve for the U.S. residential mortgage industry. Focused on providing automation for complicated mortgage functions, it allows for the integration and orchestration of all U.S. mortgage industry technology providers and enables all parties throughout mortgage origination, insurance, and servicing to easily communicate with zero friction. Staircase is based in Philadelphia, with employees in over 20 countries.

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REAL ESTATE INVESTMENT

HILCO REAL ESTATE ANNOUNCES ITS CONTINUED EXPANSION OF RECEIVERSHIP SERVICES

Hilco Real Estate | August 30, 2022

Hilco Real Estate LLC (HRE), a division of Hilco Global, celebrates the expansion of its receivership services to benefit lenders and loan servicers of commercial real estate. This specialized platform complements our asset management and disposition services to provide a full suite of offerings for our clients. The receivership expertise of senior members of the HRE team has led to the recovery of hundreds of millions of dollars for lenders with troubled real estate loans or REO. Our team has worked with national, regional and community banks, CMBS Special Servicers, private equity funds and opportunistic bridge lenders. Notable receivership engagements include: the disposition of 27 vacant national restaurants on behalf of a regional bank; leasing and disposition oversight for a 45,000 SF shadow-anchored retail center; and overseeing the property management and leasing activity on a portfolio of five industrial/flex properties to stabilize the properties for sale. "We're thrilled to continue our focused growth in essential services such as receivership as we strive to be a one-stop solution providing ease and expertise to best support our valued clients." -Neil Aaronson, CEO of Hilco Real Estate Mitch Vanneman, vice president of business development and HRE's lead in its receivership practice, states, HRE clients have access to another valuable tool for gaining control and monetizing troubled loans or assets with the inclusion of receivership services in its platform. Having a third party (receiver), whose sole focus is managing commercial real estate assets, to oversee and control the operations of the property, helps to ensure a speedier monetization and value maximization of a real estate asset. Receivership services can be utilized by both commercial real estate lenders and, in the case of partnership disputes when a neutral third party is needed, to protect an asset from a decrease in value or when value creation is needed. About Hilco Real Estate Hilco Real Estate (HRE), a Hilco Global company, is headquartered in Northbrook, Illinois (USA). HRE is a national provider of strategic real estate disposition and repositioning services. Acting as an agent or principal, HRE uses its experience to advise and execute strategies to assist clients in deriving the maximum value from their real estate assets. By leveraging multi-faceted sales strategies & techniques, aggressive repositioning and restructuring experience, a vast and motivated network of buyers and sellers, and substantial access to capital, HRE exceeds expectations even in the most complex transactions.

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REAL ESTATE INVESTMENT

JDM PARTNERS REACQUIRES STAKE IN DOUGLAS RANCH MASTER PLANNED COMMUNITY FROM THE HOWARD HUGHES CORPORATION®

The Howard Hughes Corporation | August 23, 2022

The Howard Hughes Corporation® announced today that JDM Partners has exercised their remaining option to reacquire a stake in Douglas Ranch, the recently launched large-scale master planned community in Phoenix's West Valley. The community was acquired by The Howard Hughes Corporation from JDM Partners and El Dorado Holdings last October for approximately $541 million. On August 18, JDM Partners exercised its second option to buy back into Douglas Ranch, acquiring an additional 2.8% interest in the Douglas Ranch joint venture for approximately $15 million. The transaction brings the aggregate of JDM Partners' investment in Douglas Ranch excluding Trillium, the community's first 3,000-acre village to approximately $65 million, which equates to approximately 12% of the joint venture. JDM Partners and El Dorado Holdings are 50/50 joint venture partners with HHC on Trillium. Land sales at the master planned community are expected to begin this fall. About The Howard Hughes Corporation® The Howard Hughes Corporation owns, manages, and develops commercial, residential, and mixed-use real estate throughout the U.S. Its award-winning assets include the country's preeminent portfolio of master planned communities, as well as operating properties and development opportunities including: the Seaport in New York City; Downtown Columbia®, Maryland; The Woodlands®, The Woodlands Hills®, and Bridgeland® in the Greater Houston, Texas area; Summerlin®, Las Vegas; Ward Village® in Honolulu, Hawaiʻi; and Douglas Ranch in Phoenix, Arizona. The Howard Hughes Corporation's portfolio is strategically positioned to meet and accelerate development based on market demand, resulting in one of the strongest real estate platforms in the country. Dedicated to innovative placemaking, the company is recognized for its ongoing commitment to design excellence and to the cultural life of its communities. The Howard Hughes Corporation is traded on the New York Stock Exchange as HHC.

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Spotlight

ATLANT Platform is building a next generation global real-estate platform based on blockchain technology. We believe blockchain has the potential to help accelerate the doption of the Sharing Economy which has already begun to unleash industry disruption by opening up significant amounts of previously untapped private capacity and tokenization of property may completely changereal estate transactions.

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