REAL ESTATE TECHNOLOGY
SkySlope | June 03, 2022
SkySlope, the leader in real estate transaction software, has launched Breeze, an all-around simple and streamlined application making Oregon Real Estate Forms (OREF) disclosures easy for Oregon agents and sellers to complete.
Since 2011, SkySlope has enabled brokers, agents, auditors, and transaction coordinators to track their deals while remaining compliant. Equipped with forms and a digital signature tool, SkySlope provides a frictionless workflow that saves time for agents. As the transaction management platform serving 35 percent of the top 20 largest brokerages in the U.S. and Canada, SkySlope is known for its award-winning customer experience.
With the launch of Breeze, SkySlope gives agents the ability to prepare and send disclosures like the Oregon's Seller's Property Disclosure Statement (Form 020) at lightning speed.
Breeze requires minimal preparation for agents to prepare and send disclosures to their clients in minutes, from anywhere. For home sellers, Breeze's TurboTax-style workflow helps simplify complicated and confusing disclosure forms—getting them completed quickly and with more confidence and accuracy.
Streamlined disclosure preparation equipped with MLS data sync
Status visibility, notifications, and easy revision requests
Simple guided workflows with helpful tips for consumers
Equipped with SkySlope DigiSign for free and unlimited digital signatures
Seamlessly integrated with SkySlope's suite of products
"Breeze is truly a one-stop-shop for faster disclosures," says Diana Costas of Golden Gate Sotheby's International Realty. "The guided workflow helps clients complete disclosures quickly and accurately and our agents can easily prepare disclosures, request signatures, and submit forms for compliance review."
Disclosures are a common pain point for both agents and sellers. We're excited to launch a solution that takes a complicated process and makes it effortless for REALTORS® and home sellers."
Tyler Smith,SkySlope CEO
Established in 2011, SkySlope is a comprehensive transaction management platform for brokers, agents, auditors, and transaction coordinators to manage real estate transactions from anywhere at any time. In 2021, over 300,000 users across 8,000 offices used SkySlope to manage 2.25M transactions. SkySlope provides digital transaction management and services to help agents and brokers be more efficient and compliant. From automation to integrations, SkySlope's vision is to keep agents and brokers connected to the customer forever.
REAL ESTATE TECHNOLOGY
Yardi | June 10, 2022
Yardi is excited to welcome clients back in-person to the Yardi Advanced Solutions Conference (YASC) this summer, marking a return to real time after successful interactive virtual events over the last two years.
YASC, scheduled for Aug. 31 – Sept. 2 in San Diego, combines classroom learning with networking and entertainment in a beautiful seaside setting. More than 280 classroom sessions and dozens of product experts will give thousands of professionals in attendance insight into Yardi software solutions that improve efficiency in marketing, leasing, acquisition, energy management, investing and other real estate operations.
Panel sessions will examine key industry trends. Exclusive live outdoor entertainment and fun social activities comprise other elements of a memorable experience at the Manchester Grand Hyatt San Diego, the new host resort on San Diego's waterfront.
We're proud that our clients continued to gain value from virtual gatherings but there's nothing like meeting face-to-face with colleagues. Our software is designed to connect people and communities, and we look forward to continuing that effort in San Diego."
Kevin Yardi, the company's vice president of global solutions
Virtual YASC events will continue on an annual basis, with dates for 2023 to be announced soon.
Ready to join a conference that will provide immediate takeaways? Sign up to attend YASC San Diego and see what's planned for regional in-person YASCs around the world in 2022.
Yardi develops and supports industry-leading investment and property management software for all types and sizes of real estate companies. With 8,000 employees, Yardi is working with our clients globally to drive significant innovation in the real estate industry.
REAL ESTATE TECHNOLOGY
Walker & Dunlop, Inc. | June 15, 2022
Walker & Dunlop, Inc. announced that it arranged $162,400,000 in construction financing for Mandarin Oriental Residences, Fifth Avenue, New York City's first turn-key branded residences available for sale. Located directly on Fifth Avenue at the intersection of East 54th Street in the heart of Manhattan's Plaza District, the property will be managed and operated by Mandarin Oriental, providing owners with access to luxury, five-star hotel services, without the hotel guests. Manhattan-based Northwind Group provided the whole loan solution through its discretionary debt fund. Northwind Group has originated in the last year $840 million of loans secured by 76 properties in NYC, Houston, Miami, and Chicago.
Aaron Appel, Keith Kurland, Jonathan Schwartz, Adam Schwartz, Sean Bastian and Michael Ianno, led Walker & Dunlop's team in arranging the financing. The team served as exclusive advisor to their client, SHVO, the culture-defining real estate development and investment firm headquartered in New York City. Proceeds from the loan allowed SHVO to refinance the existing debt and capitalize for remaining construction costs to complete the conversion of the former Gucci NYC headquarters.
This transaction highlights the current demand – among both lenders and consumers – for uniquely-branded, turn-key condominium product located in one of Manhattan's most iconic neighborhoods. This financing will reinforce the project's swift completion, with closings anticipated later this year for this world-class, luxury product that is unavailable to buyers in today's market"
Aaron Appel, Senior Managing Director and Co-Head of New York Capital Markets for Walker & Dunlop
Ran Eliasaf, Founder and Managing Partner of Northwind Group said "We were able to curate a flexible financing solution for this once in a lifetime asset, that will assist our Borrower to achieve its goals, and complete the transformation of this property into one of Manhattan's most beautiful residential buildings. This financing fits well in our strategy and marks another step in our growth as a company. Northwind intends to deploy this year close to $1 billion in debt transactions in NYC and other major gateway cities."
SHVO has developed a forward-thinking best-in-class offering with residents having access to hotel-inspired living, encompassing the legendary service of Mandarin Oriental with the added security and privacy of a residential-only building. The Mandarin Oriental Residences feature 69 fully-furnished and accessorized homes ranging from junior suites to two-bedroom residences appointed with Molteni kitchens and fitted closets, Miele appliances, chevron oak floors, Juliet balconies, custom upholstery, and comprehensive wall coverings as well as Frette sheets, Georg Jensen silver, and custom champagne fixtures by Dornbracht gilded in 22 karat galvanized gold. In addition to white-glove Mandarin Oriental service, the suite of unparalleled amenities includes a state-of-the-art fitness center with steam, sauna, and treatment rooms; a private rooftop pool, with a lounge and bar, featuring views of Central Park; and a private restaurant by Michelin-Starred chef Daniel Boulud – Boulud Privé.
About Northwind Group
Northwind Group is a real estate private equity firm with offices in Manhattan and Cleveland that has transacted on $3.0+ billion worth of debt and equity investments covering a portfolio of over 100 properties and nearly 6M square feet. Northwind currently manages three discretionary debt funds providing acquisition, bridge, condo-inventory, construction, predevelopment and land loans secured by real estate and healthcare properties.
About Walker & Dunlop
Walker & Dunlop is one of the largest providers of capital to the commercial real estate industry, enabling real estate owners and operators to bring their visions of communities — where Americans live, work, shop and play — to life. The power of our people, premier brand, and industry-leading technology makes us more insightful and valuable to our clients, providing an unmatched experience every step of the way. With over 1,000 employees across every major U.S. market, Walker & Dunlop has consistently been named one of Fortune's Great Places to Work® and is committed to making the commercial real estate industry more inclusive and diverse while creating meaningful social, environmental, and economic change in our communities.
Walker & Dunlop is the third largest provider of capital to the U.S. multifamily market, originating $49 billion in transactions in 2021. With one of the strongest networks in the industry, the firm's 2021 brokered loan originations totaled $30 billion, a 170% increase over 2020.
REAL ESTATE ADVICE
Sklar Kirsh | June 29, 2022
Los Angeles-based law boutique Sklar Kirsh LLP announced that it has bolstered its real estate practice with the addition of Amit S. Patel, who joins the firm as a Partner.
Patel represents owners, developers, and investors in the acquisition, sale, lease, development, and financing of retail, office, commercial, industrial and residential real estate. His recent work includes oversight over the fifth largest multifamily sale in the history of U.S. real estate, worth approximately $1.85 billion and consisting of 13,243 apartments at 36 properties, 21 loan defeasances and 11 loan assumptions. An expert in portfolio transactions on behalf of industrial owners, he recently handled approximately $850 million over two sales of 26 properties.
Joining the highly successful practice chaired by firm Co-Founder Andrew T. Kirsh, Patel brings the total number of attorneys working under the firm's real estate arm to 18.
We've been expanding steadily as a firm, but our goal hasn't been to add attorneys for the sake of it - we're cultivating talent that will add value to our clients for years to come. Between Amit's thriving practice and his tireless dedication to his practice, we couldn't be happier to add him to the team."
Andrew T. Kirsh,Co-Founder
Patel additionally counsels clients in operating and tenants-in-common agreements, restructuring and buy/sell agreements and property management agreements.
Patel praised the quality and versatility of Sklar Kirsh's real estate team, which he attributed as a primary motivator for joining the team.
"I've always taken a comprehensive approach to representation, guiding clients from start to finish while looking out for them from every angle," said Patel. "It's refreshing to be practicing with a team of professionals who shares and complements that mindset."
Sklar Kirsh LLP is a boutique law firm that provides sophisticated and expert advice in the areas of corporate, real estate, bankruptcy, and entertainment law as well as commercial, real estate and entertainment litigation.