Redfin: April's home-price growth proves the market is heating up

Redfin | May 17, 2019

In April, the nation’s home-sale prices stabilized, rising 2.8% from 2018 levels, according to new data from Redfin. This means U.S. home-sale prices reached a median of $307,000 in April, marking a rebound from March’s annual price decline. Additionally, Redfin’s data determined that only five of the 85 largest metros saw a year-over-year decline in their median price. This was especially so for San Jose, California, which saw its home prices fall 5% in April. However, other California cities like San Francisco experienced declines as little as 0.1%.

Spotlight

If you've bought or sold a home through Windermere Real Estate, you're a part of the Windermere Foundation, and you've helped make a positive difference in the lives of your neighbors in need. The following infographic shows the types of services.


Other News
REAL ESTATE TECHNOLOGY

JPAR - Real Estate Enters Lubbock, Texas Market Through Acquisition Of John Walton Realtors

JPAR - Real Estate | March 23, 2022

JPAR Real Estate, America's #1 fastest-growing, full service 100% commission brokerage, announced the acquisition of John Walton Realtors in Lubbock Texas. John Walton Realtors has been serving the Lubbock community for more than 45 years. With nearly 40 sales associates, they have a long standing legacy of serving the West Texas market that is consistent with the values of JPAR - Real Estate - integrity, productivity and service. We are excited to join forces with Wayne and Wendy Walton and all the associates of this amazing firm. Over the last 45 years they have created a market presence and legacy of service that we take very seriously. Both firms are known for exceeding customer expectations and serving the local community. We look forward to continuing that tradition of excellence." Mark Johnson, President of JPAR - Real Estate The firm's Lubbock office will remain at its current location and Wayne Walton will join the JPAR - Real Estate staff as a support broker. Wayne Walton said, "I am excited to join the JPAR - Real Estate family. Mark Johnson is an exceptional leader and visionary who has his pulse on how best to serve today's real estate professionals and the consumer. Our associates will benefit from a world-class technology platform and full service, a capped, transaction-based financial model." Lubbock is a new market for JPAR - Real Estate and is the 11th-most populous city in Texas. With a population of 257,141 in 2020, the city is also the 86th-most populous in the United States. Lubbock's nickname, "Hub City", derives from it being the economic, educational, and health-care hub of the multi-county region, north of the Permian Basin and south of the Texas panhandle. "It was important for us to partner with a solid operator like JPAR – Real Estate. Mark Johnson and the JPAR team understand the real estate brokerage business," stated Wayne Walton. We support their mission to develop influential industry leaders and we feel confident its industry-leading marketing, technology and training programs will benefit all of our associates and extend our legacy for years to come." About JPAR - Real Estate JPAR - Real Estate and JPAR Franchising is a full-service real estate brokerage and franchise platform offering a highly competitive transaction fee-based model and agent-centric culture. The JPAR platform provides agents 7 day-per-week broker support, physical office locations, a comprehensive tech stack and open architecture, physical office locations, marketing, lead generation, training, coaching, mentoring and agent health care. The company boasts more than 3,300 agents operating in 65 offices across 25 states and closes more than $8B annually in sales volume.

Read More

REAL ESTATE TECHNOLOGY

Cian Announces Changes to Its Board of Directors and Committees

Cian | March 14, 2022

Cian PLC, a leading online real estate classifieds platform in Russia, announced that Ms. Cloe Harford has tendered her resignation as a member of the board of directors of the Company, effective as of 4:02 p.m. Eastern time on March 8, 2022. Ms. Harford informed the Company that she has resigned as a result of recent geopolitical developments. Ms. Harford served as a member of each of the Audit Committee of the Board, the Compensation, Governance and Nominating Committee of the Board and the Strategy Committee of the Board. On March 10, 2022, upon recommendation of the Compensation, Governance and Nominating Committee, the Board appointed Gilles Blanchard to the Audit Committee, with effect immediately following the Effective Time. The Board has determined that, after due consideration of all relevant factors, Mr. Blanchard qualifies as independent under the rules of the Securities and Exchange Commission (SEC) and the New York Stock Exchange (NYSE). The Board has also determined that, based on his education and experience, Mr. Blanchard is financially literate in accordance with the requirements of the NYSE. Following Mr. Blanchard’s appointment, the Audit Committee consists of Douglas Gardner, Simon Baker and Gilles Blanchard, with Mr. Gardner serving as Chairperson. On March 10, 2022, upon recommendation of the Compensation, Governance and Nominating Committee, the Board appointed Maksim Melnikov to the Compensation, Governance and Nominating Committee, with effect immediately following the Effective Time. Following Mr. Melnikov’s appointment, the Compensation, Governance and Nominating consists of Gilles Blanchard, Dmitry Antipov and Maksim Melnikov, with Mr. Blanchard serving as Chairperson. Further, following the resignation of Ms. Harford, the Strategy Committee consists solely of Simon Baker, who serves as Chairperson. The Company has previously disclosed in its registration statement on Form F-1, declared effective by the SEC on November 4, 2021, that it follows the corporate governance practices of its home country, Cyprus, in lieu of certain of the corporate governance requirements of the NYSE. In addition to the previously disclosed practices, the Company intends to rely on this "foreign private issuer exemption" with respect to: NYSE Rule 303A.01, which requires an issuer to have, among other things, a majority of its board members be independent; NYSE Rule 303A.4, which requires an issuer to have a nominating/corporate governance committee composed entirely of independent directors; (iii) NYSE Rule 303A.05, which requires an issuer to have a compensation committee comprised entirely of independent directors. About Cian Cian is a leading online real estate classifieds platform in the large, underpenetrated and growing Russian real estate classifieds market, with a strong presence across Russia and leading positions in the country’s key metropolitan areas. The Company ranks among the top ten most popular online real estate classifieds globally in terms of traffic (based on SimilarWeb traffic data for other online real estate classifieds and Google Analytics data for Cian for September 2021). Cian’s networked real estate platform connects millions of real estate buyers and renters to millions of high-quality real estate listings of all types — residential and commercial, primary and secondary, urban and suburban. In the third quarter of 2021, the Company had over 1.9 million listings available through its platform and an average UMV of over 18.7 million. Through its technology-driven platform and deep insights into the Russian real estate market the Company provides an end-to-end experience for its customers and users and helps them address multiple pain points on their journey to a new home or place to work.

Read More

REAL ESTATE TECHNOLOGY

BioMed Realty Acquires Premier Site in Seattle Innovation Cluster

BioMed Realty | April 18, 2022

BioMed Realty, a leading provider of real estate solutions to the life science and technology industries, announced the acquisition of Denny Park South in Seattle, Washington. Located in the highly amenitized and talent-rich South Lake Union/Denny Triangle district, the 1.6-acre property consists of two adjacent parcels in close proximity to industry-leading life science and technology companies and research institutions. The proposed 616,000-square-foot development will provide additional optionality for prospective and existing BioMed tenants as they seek purpose-built buildings to accommodate research. BioMed continues to be focused on growth and expansion in our established core markets, like Seattle, where market fundamentals remain strong and innovation ecosystems are thriving. We now have the ability to double our footprint in the Seattle market and continue investing in mission-critical lab infrastructure needed to meet strong tenant demand as life science and technology companies grow and scale in the region.” Tim Schoen, CEO of BioMed Realty The Denny Park South acquisition will allow BioMed Realty to grow its existing 1.2 million-square-foot portfolio in Seattle which includes the recently completed flagship Dexter Yard project in South Lake Union. This acquisition of Denny Park South, along with the T6 Innovation Center at 200 Taylor Avenue North, represent an additional 1.2 million square feet of development potential. The Company anticipates investing an additional $700 million to develop these new facilities over time and expects to create nearly 850 new local construction jobs. BioMed’s local network of best-in-class life science and technology properties, along with its development pipeline now represent 2.4 million square feet in the region to provide companies with the flexibility to grow or establish a presence in the Seattle community. The Company’s local tenants include blue chip companies seeking to be connected to the region’s talent, capital and research institutions. Notable tenants include the Seattle Children’s Research Institute, Novo Nordisk, Omeros Corporation, InBios International, Inc., Lyell Immunopharma, Inc., Shape Therapeutics and Tableau. “The South Lake Union/Denny Triangle cluster where Denny Park South is situated is flush with renowned research institutes like UW School of Medicine, Gates Foundation, Fred Hutch, and the Allen Institute, as well as large tech users such as Amazon, Meta and Apple,” said Jon Bergschneider, President of West Coast markets at BioMed Realty. “As demand from life science and technology companies in this neighborhood remain strong, BioMed is well-positioned to provide much-needed sustainable facilities that enable our tenants to continue their critical, and life-saving, work.” BioMed Realty will continue to prioritize its local community engagement initiatives, expanding on its ongoing efforts to create a more equitable, inclusive and climate-resilient Seattle, with organizations such as the Downtown Seattle Association, the Seattle Chamber of Commerce, the South Lake Union Chamber of Commerce and the University of Washington. About BioMed Realty BioMed Realty, a Blackstone portfolio company, is a leading provider of real estate solutions to the life science and technology industries. BioMed owns and operates high quality life science real estate comprising 14.5 million square feet concentrated in leading innovation markets throughout the United States and the United Kingdom, including Boston/Cambridge, San Francisco, San Diego, Seattle, Boulder and Cambridge, U.K. In addition, BioMed maintains a premier development platform with 3.7 million square feet of Class A properties in active construction in these core innovation markets to meet the growing demand of the life science and technology industries.

Read More

REAL ESTATE INVESTMENT

BROAD STREET REALTY, INC TO ACQUIRE MIDTOWN ROW IN WILLIAMSBURG, VA

Broad Street Realty | February 23, 2022

Broad Street Realty, Inc. (OTCQX: BRST), a fully integrated and self-managed publicly owned real estate company, announced today the acquisition of Midtown Row in Williamsburg, Virginia for $122 million. The mixed-use property is a recently completed development comprised of 240 student housing units with 620 beds and a retail component of 63,573 square feet of gross leasable area. The Midtown Row Acquisition is subject to customary closing conditions, and the Company expects to close the Midtown Row Acquisition by the end of the second quarter of 2022. There can be no assurances that these conditions will be satisfied or that the Company will complete the Midtown Row Acquisition on the terms described herein or at all. We are proud to further solidify our commitment to Midtown Row and the Williamsburg region with this acquisition, We have served as the development manager for Midtown Row and serve as the property manager and the leasing broker for the retail portion as well so this is truly a natural evolution." Michael Z. Jacoby, Chairman of the Board of Directors and Chief Executive Officer of the Company. Midtown Row is Broad Street Realty, Inc.'s fifth active property in Virginia and sixteenth within the overall portfolio. About Broad Street Realty, Inc. Broad Street Realty, Inc. is a fully integrated and self-managed real estate company that owns, operates, develops and redevelops primarily grocery-anchored shopping centers and mixed-use properties in the Mid-Atlantic, Southeast and Denver, Colorado markets. Broad Street is also a market-leading commercial real estate services firm that delivers cost-effective solutions for office, industrial and retail clients. The Company has extensive experience in tenant representation, landlord representation, property acquisition and disposition, real estate development, project/construction management, finance, strategic consulting, property management and asset management.

Read More

Spotlight

If you've bought or sold a home through Windermere Real Estate, you're a part of the Windermere Foundation, and you've helped make a positive difference in the lives of your neighbors in need. The following infographic shows the types of services.

Resources