Real Estate Business – California Sunset Team http://californiasunsetteam.com/ Sun, 19 Jun 2022 17:41:51 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://californiasunsetteam.com/wp-content/uploads/2021/09/californiasunsetteam-icon-120x120.jpg Real Estate Business – California Sunset Team http://californiasunsetteam.com/ 32 32 Review of Anywhere Real Estate (HOUS) and its Competitors https://californiasunsetteam.com/review-of-anywhere-real-estate-hous-and-its-competitors/ Sun, 19 Jun 2022 16:13:53 +0000 https://californiasunsetteam.com/review-of-anywhere-real-estate-hous-and-its-competitors/ Anywhere Real Estate (NYSE:HOUS – Get Rating) is one of 24 publicly traded companies in the “real estate agents and managers” sector, but how does it differ from its competitors? We will compare Anywhere Real Estate to related companies based on profitability strength, analyst recommendations, valuation, risk, earnings, institutional ownership and dividends. Institutional and insider […]]]>

Anywhere Real Estate (NYSE:HOUS – Get Rating) is one of 24 publicly traded companies in the “real estate agents and managers” sector, but how does it differ from its competitors? We will compare Anywhere Real Estate to related companies based on profitability strength, analyst recommendations, valuation, risk, earnings, institutional ownership and dividends.

Institutional and insider ownership

63.7% of the shares of all the “Real estate agents and managers” companies are held by institutional investors. 2.7% of Anywhere Real Estate shares are held by insiders. By comparison, 26.5% of the shares of all “Real Estate Agents and Managers” companies are held by insiders. Strong institutional ownership indicates that hedge funds, endowments, and large fund managers believe a stock is poised for long-term growth.

Valuation and benefits

This chart compares the gross revenue, earnings per share (EPS), and valuation of Anywhere Real Estate and its competitors.

Gross revenue Net revenue Price/earnings ratio
Everywhere Real Estate $7.98 billion $343.00 million 3.36
Anywhere Real Estate Competitors $5.01 billion $192.55 million 0.01

Anywhere Real Estate has higher revenues and profits than its competitors. Anywhere Real Estate trades at a higher price-to-earnings ratio than its competitors, indicating that it is currently more expensive than other companies in its industry.

Analyst Recommendations

This is a breakdown of recent recommendations and price targets for Anywhere Real Estate and its competitors, as reported by MarketBeat.com.

Sales Ratings Hold odds Buy reviews Strong buy odds Rating
Everywhere Real Estate 0 0 0 0 N / A
Anywhere Real Estate Competitors 58 342 553 13 2.54

As a group, the “Real Estate Agents and Managers” companies have an upside potential of 78.84%. Given that Anywhere Real Estate’s competitors have a higher likely upside, analysts clearly believe that Anywhere Real Estate has less favorable growth aspects than its competitors.

Profitability

This table compares the net margins, return on equity and return on assets of Anywhere Real Estate and its competitors.

Net margins Return on equity return on assets
Everywhere Real Estate 4.13% 14.24% 4.21%
Anywhere Real Estate Competitors 2.52% 7.06% 1.50%

Volatility and risk

Anywhere Real Estate has a beta of 2.46, meaning its stock price is 146% more volatile than the S&P 500. Comparatively, Anywhere Real Estate’s competitors have a beta of 1.29, meaning that their average price is 29% more volatile than the S&P. 500.

Summary

Anywhere Real Estate beats its competitors on 7 of the 10 factors compared.

Anywhere Real Estate Company Profile (Get a rating)

Anywhere Real Estate Inc., through its subsidiaries, provides residential real estate services. It operates through three segments: Realogy Franchise Group and Realogy Brokerage Group. The Realogy Franchise Group segment franchises its residential real estate agencies under the Century 21, Coldwell Banker, Coldwell Banker Commercial, Corcoran, ERA, Sotheby’s International Realty and Better Homes and Gardens Real Estate brands. This segment also offers lead generation and relocation services. As of December 31, 2020, real estate franchise systems and own brands in this segment had approximately 20,100 offices and 320,700 independent sales agents worldwide. The Realogy Brokerage Group segment owns and operates a full-service residential real estate brokerage business under the Coldwell Banker, Corcoran and Sotheby’s International Realty brands to assist home buyers and sellers with listing, marketing, sales and research of houses. As of December 31, 2020, this segment owned and operated 670 brokerage offices with approximately 53,100 independent sales agents. The Realogy Title Group segment provides title, escrow and settlement services to real estate companies, corporations and financial institutions. This segment also serves as an underwriter of title insurance policies in connection with residential and commercial real estate transactions. The company was previously known as Realogy Holdings Corp. and changed its name to Anywhere Real Estate Inc. in June 2022. Anywhere Real Estate Inc. was incorporated in 2006 and is headquartered in Madison, New Jersey.



Get news and reviews for Anywhere Real Estate Daily – Enter your email address below to receive a concise daily summary of breaking news and analyst ratings for Anywhere Real Estate and related companies with MarketBeat.com’s FREE daily newsletter.

]]>
Why Education Is Vital To The Production Of A Realtor https://californiasunsetteam.com/why-education-is-vital-to-the-production-of-a-realtor/ Fri, 17 Jun 2022 21:13:29 +0000 https://californiasunsetteam.com/why-education-is-vital-to-the-production-of-a-realtor/ All agents know that getting your real estate license takes hours of newly learned subjects. Requirements vary from state to state. But basically, you will need enough training to understand state and national laws in order to get licensed and serve consumers. Continuing education will be a journey of a lifetime to maintain your license. […]]]>

All agents know that getting your real estate license takes hours of newly learned subjects. Requirements vary from state to state. But basically, you will need enough training to understand state and national laws in order to get licensed and serve consumers.

Continuing education will be a journey of a lifetime to maintain your license. Some agents may want to take a few courses, choosing instead to spend more time on hands-on experience. But they may not realize that education can make them even more productive in industry, making the hours they put in worth their weight in gold.

This article explains why making education a cornerstone of your development has a direct impact on the production of an agent.

Why is real estate education so important?

In addition to keeping your license current, there are many benefits to continuing education as an agent. Here are a few to consider.

1. You can get certifications

Some continuing education courses allow you to obtain certifications. These will give you the know-how you need to be an expert in your field. They are also impressive for clients and colleagues.

Here are examples of the types of certifications you can earn:

  • Certified Residential Specialist
  • Certified Luxury Home Marketing Specialist
  • Specialist in resort and second home real estate
  • Certified Member in Commercial Investment
  • Certified Property Manager
  • Certified Real Estate Brokerage Manager
  • Accredited buyer’s representative
  • Sales Representative Specialist
  • Accredited Land Consultant
  • Expert in real estate negotiation
  • Military Relocation Professional
  • Senior Real Estate Specialist
  • Green designation
  • At home with diversity
  • Designation of the Higher Institute of Real Estate

2. Keeps you informed of developments in real estate law

Real estate law is constantly evolving. Not being aware of the laws can land you in trouble. This can cause problems with customers, and if all the T’s aren’t crossed out and the I’s aren’t dotted, you could even face a lawsuit.

Continuing education courses will ensure you’re up to date on the latest real estate laws, so you have great client relationships and a clean criminal record!

3. Improves your marketing skills

Real estate courses can teach you about all aspects of the industry, including marketing. You can learn how to generate leads, create effective campaigns, increase conversions and more. These are the tools that will help you grow your business and generate income.

4. Helps you deliver an exceptional customer experience

It is vital for real estate agents to provide their clients with exceptional service. Real estate is a stressful business and you are bound to find yourself in difficult situations that you don’t know how to handle.

A continuing education course will let you know exactly what customers expect. They’ll walk you through a variety of possible scenarios, so you’ll be prepared to deal with them when they happen in real life.

5. Allows you to grow and grow your business

After being in the real estate business for a few years, you may decide to venture into other related fields. It can help generate more income and steer you towards a slightly different career if you’re looking for something more fulfilling.

There are many courses that will help you explore various aspects of real estate, so you can grow your business and pursue your dreams.

6. Help with time management

In any business, time is money. The right time management tools and strategies will help you meet deadlines so you can be on top of your game and stay as productive as possible. Educational lessons will help you learn how to make the most of your time, so you don’t end up falling behind.

7. Provides Directions

To be successful, you have to set goals. In real estate, these can take the form of generating a certain number of leads per day, reaching a specific sales goal, or moving into a new real estate area.

But you won’t know what goals are available to you until you find out what’s out there. A real estate education will broaden your horizons, familiarize you with your possibilities, and know the best steps to take moving forward.

8. Teaches you to be innovative

When you do the same thing day after day, you get used to a routine, and there’s nothing wrong with that. But education will open your mind to another way of doing things. You can learn new methods that are more efficient and effective and will help you be more productive overall.

9. Teaches you to prioritize

A real estate agent must be thorough. This is a trait that will come in handy when houses are shown and when paperwork is filled out. But over-analyzing certain details will work against you and waste valuable time. A real estate course will teach you what to focus on and what can be dealt with later, so that you provide great service without sweating the small stuff.

10. Helps you understand various aspects of the real estate industry

If you browse through the courses offered at any given real estate school, you will find some that facilitate an understanding of short selling, risk management, business planning, trust funds and more.

There is no end to the things you can learn. You will expand your knowledge in ways you never thought imaginable and establish yourself as a thought leader in your field.

Chris Heller is a real estate industry expert, best-selling author, and currently serves as Director of Real Estate at Ojo Labs.

]]>
Redfin and Compass lay off workers over housing decline https://californiasunsetteam.com/redfin-and-compass-lay-off-workers-over-housing-decline/ Wed, 15 Jun 2022 16:49:04 +0000 https://californiasunsetteam.com/redfin-and-compass-lay-off-workers-over-housing-decline/ Real estate brokers Compass and Redfin are both laying off employees, a sign that the housing market is cooling as higher interest rates make mortgages more expensive and rising inflation squeezes incomes. Glenn Kelman, managing director of Redfin, announced a reduction in the company’s workforce of around 8% in an email to employees on Tuesday, […]]]>

Real estate brokers Compass and Redfin are both laying off employees, a sign that the housing market is cooling as higher interest rates make mortgages more expensive and rising inflation squeezes incomes.

Glenn Kelman, managing director of Redfin, announced a reduction in the company’s workforce of around 8% in an email to employees on Tuesday, citing the drop in demand, which was 17% lower than last month’s forecast. . “Today’s layoff is the result of a revenue shortfall at Redfin, not people being made redundant,” Mr Kelman said. Redfin employed approximately 6,500 people at the end of 2021.

Compass is cutting 10% of its employees “due to clear signals of slowing economic growth,” a spokesperson said in a statement. Compass employed approximately 4,800 people at the end of 2021.

Declining home sales and rising mortgage rates dampened the housing market, putting pressure on the real estate sector. The rate on a 30-year fixed-rate mortgage has risen to 5.65%, the highest level since 2008, the Mortgage Bankers Association announced on Wednesday. “With mortgage rates well above 5%, refinancing activity continues to be more than 70% lower than last year,” said Joel Kan, associate vice president of economic and industry forecasts at the band.

Redfin is offering employees up to four months of severance pay, according to Mr. Kelman’s email. He said he expected gradual, slower growth in what he described as a “housing downturn.” Redfin shares have fallen nearly 80% in the past six months.

“We could be facing years, not months, of fewer home sales,” Kelman wrote to employees. “If going from $97 per share to $8 doesn’t strain a company, I don’t know what does.”

]]>
Redmond businesses scramble, adapt amid struggles to find and keep commercial real estate https://californiasunsetteam.com/redmond-businesses-scramble-adapt-amid-struggles-to-find-and-keep-commercial-real-estate/ Tue, 14 Jun 2022 01:17:07 +0000 https://californiasunsetteam.com/redmond-businesses-scramble-adapt-amid-struggles-to-find-and-keep-commercial-real-estate/ “If you’re waiting or hesitating at all, it won’t be there,” the broker says REDMOND, Ore. (KTVZ) — In this changing economy, where prices are constantly rising, finding or maintaining affordable commercial real estate has become an added challenge, forcing some small businesses to close or find creative ways to adapt. “A lot of people […]]]>

“If you’re waiting or hesitating at all, it won’t be there,” the broker says

REDMOND, Ore. (KTVZ) — In this changing economy, where prices are constantly rising, finding or maintaining affordable commercial real estate has become an added challenge, forcing some small businesses to close or find creative ways to adapt.

“A lot of people are moving into the area and the inventory we’re struggling with is making it difficult to find a buyer for the property they’re looking for,” Jeff Larkin, owner of Jeff Larkin Realty, said Monday. “When we find this property, we come across several offers.”

A Redmond business owner decided to offer his services as a mobile business, which allows him to stay local.

“Right now I really want to stay in the trailer,” Colby Betschart said. “I just see right now, with such extreme rental prices and rental prices – I feel like it’s going to be the best bet for the market right now.”

Betschart opened a chemically dependent hair salon and supply center just a month ago.

“I’ve just heard way too many people renting and renting for a higher price and then the building being sold under them and then having to move. And so I decided to put the money in a trailer, where they can’t do that,” Betschart said.

Betschart said he thought his decision was more profitable when it came to rental prices.

Larkin said with so much flow, it’s important for businesses to adapt.

“Be ready to jump and be ready to go when a property comes along — because if you wait or hesitate at all, it won’t be there,” Larkin said.

]]>
How to buy shares in local buildings https://californiasunsetteam.com/how-to-buy-shares-in-local-buildings/ Sun, 12 Jun 2022 08:04:13 +0000 https://californiasunsetteam.com/how-to-buy-shares-in-local-buildings/ Commercial real estate is a possibility, but it has been difficult for retail investors to access. The CEO of a new real estate investment exchange told Insider how he hopes to change that. As the stock market tries to regain its footing after a dramatic drop, investors will be thinking more than usual about other […]]]>
  • Commercial real estate is a possibility, but it has been difficult for retail investors to access.
  • The CEO of a new real estate investment exchange told Insider how he hopes to change that.

As the stock market tries to regain its footing after a dramatic drop, investors will be thinking more than usual about other types of investments.

Real estate is often a priority when it comes to diversifying away from stocks. However, for individuals, this usually takes the form of purchasing residential accommodation.

While that has its place of course, there is a whole other world of commercial real estate that offers the juicy returns enjoyed by asset managers and institutional investors.

Accessing commercial real estate investments has been difficult for most people who are not investing other people’s money on behalf of a business.

It is of course possible for retail investors to buy shares in a REIT (


REITs

) in the same way as any other share of the company. This provides broad exposure to a broad basket of different commercial properties chosen by the REIT’s managers.

If you want to choose your commercial real estate investments on your own, it has been a failure for the average investor. That could be about to change.

IPSX is the first regulated exchange in the world to offer initial public offerings (IPOs) and secondary market trading of shares of companies holding unique real estate assets.

Simply put, it allows you to buy shares in a specific building or building complex such as a shopping mall, office development or industrial site.

Managing Director Roger Clarke spoke to Insider to explain how it works and why investing through the exchange is worth considering.

“IPSX is an interesting bringing together of two quite different parts of the markets. It combines real estate with stocks. It is important to understand that we are a recognized exchange and that what we do is new and unique. It is not n has yet been done anywhere else in the world,” he said.

Clarke said the way it basically works is that a corporation is formed which then acquires specific real estate. The value and ownership of this building, or group of buildings, is then broken down into shares. These shares are then launched as an IPO in the same way as other companies, and can then be traded. Rental income from the underlying building is paid out as a dividend to shareholders.

It is still in its infancy and so far only two commercial property shares are available for purchase on IPSX. These are M7 Regional E-Warehouse – a group of warehouses in the UK – and The Mailbox, a 698,000 square foot office building in Birmingham, England.

That should change quickly, however, with a full pipeline of new deals in place, Clarke said. As well as expanding into the UK, Clarke plans to bring properties from around the world to IPSX, including the US.

Clarke is aware of the counter-argument that investors who want exposure to real estate can simply buy one of the many large diversified REITs available to retail investors, but sees that as no substitute for what IPSX has to offer.

He said that as an investor using IPSX, the main difference is that you are going to be able to set up an investment strategy based on your own knowledge and preferences. You can invest specifically in offices without touching any point of sale, for example, or simply target logistics warehouses in a certain city.

In the future, you might even invest in buildings in your city that you personally know or use regularly.

Buying a REIT is simply supporting a management team to invest wisely for you and is not an active strategy, Clarke said.

As for why the average investor should add commercial real estate to their portfolio in this form, Clarke said the key is stock market decorrelation, and therefore the benefits of diversification.

“If you’re looking for uncorrelated performance and I can’t find it anywhere, well, in a nutshell, that’s what IPSX is all about,” he said.

Clarke also explained that having freely traded shares in a commercial building that can go up and down in price allows the value to adjust to cash flows from renting the building. This, he argues, brings greater transparency and flexibility than has traditionally been available in commercial real estate investing.

]]>
Resilient commercial real estate in Hyderabad https://californiasunsetteam.com/resilient-commercial-real-estate-in-hyderabad/ Fri, 10 Jun 2022 17:37:14 +0000 https://californiasunsetteam.com/resilient-commercial-real-estate-in-hyderabad/ Posted: Posted Date – 11:07 PM, Fri – 10 Jun 22 File photo of Samson Arthur. Hyderabad is one of the fastest growing tech hubs in India. The city has become one of India’s fastest growing real estate markets, thanks to aggressive government policies, top quality infrastructure and a large pool of talent. While the […]]]>

Posted: Posted Date – 11:07 PM, Fri – 10 Jun 22

File photo of Samson Arthur.

Hyderabad is one of the fastest growing tech hubs in India. The city has become one of India’s fastest growing real estate markets, thanks to aggressive government policies, top quality infrastructure and a large pool of talent. While the pandemic has hampered office leasing activity in all markets, the rebound in leasing activity in Hyderabad in the second half of 2021 has been strong.

GRID policy influencing the development of commercial real estate:

Hyderabad’s Growth Dispersion (GRID) policy aims to spread the IT industry to non-Western regions. According to research by Knight Frank India, the office market remained flat in 2021, with transaction volumes matching the previous year’s annual total of 6.0 million square feet. In the first quarter of 2022, Hyderabad got off to a promising start with office space transactions up 72% year on year to 1.6 million sq ft, while the average negotiated rent remained stable at 61.7 rupees per square foot per month.

The IT industry continues to be the largest office occupier, contributing 55% of all transactions. Tech players, non-banking financial services as well as international pharmaceutical companies continue to be the main occupants of the city’s good quality (Grade A) office space.

The commercial property market in Hyderabad is also seeing a shift towards coworking spaces, which has bridged the gap between occupiers and developers. Coworking has evolved into what is now popular as “managed office” space due to the flexibility they offer in terms of cost, occupancy, and amenities. It has also become increasingly popular due to the new flexi and hybrid work culture in the post-pandemic era. New companies continue to enter the market for managed offices and coworking spaces, aiming to establish a foothold in the city. Those who survived Covid continue to expand their portfolios even as occupiers seek to take over their offices to reduce attrition.

Factors influencing the growth of commercial real estate market in Hyderabad:

Despite postponing return to office in Q1 due to Omicron impact, Hyderabad’s occupancy rate remained high, exceeding 88.2% in Q1 2022 from 87.8% in Q4 2021 and 85.6% in the third quarter of 2021. The IT industry leads with 55% share of the total space processed, followed by BFSI (12%).
As tech companies embrace remote working methods to attract globally distributed talent, the need for physical hubs with accompanying digital infrastructure remains. Factors such as the existence of well-planned infrastructure and growing opportunities in the IT/ITeS sector and manufacturing industries have enhanced the attractiveness of Hyderabad.

Additional factors such as good connectivity, favorable government policies and development of industrial and warehousing facilities have increased the demand for commercial properties in growth corridors like Medchal, Shamshabad and Patancheru.

Supportive government policies:

Telangana has evolved over the past few years to become a preferred destination for global investments under the leadership of Chief Minister K Chandrasekhar Rao.

The state government’s supportive industrial policies had played a crucial role in attracting investment and boosting the real estate market as a whole. While transaction volumes have increased, rental levels have held steady or increased over the past two quarters. Occupancy levels should improve as IT companies return to the office; rents are also expected to firm up as demand increases. Overall, the commercial market outlook in Hyderabad remains strong and is expected to reach pre-pandemic levels.

-Samson Arthur
Senior Branch Manager Hyderabad
Knight Frank India

]]>
Boulder’s ‘real estate king’ reigns from a new castle https://californiasunsetteam.com/boulders-real-estate-king-reigns-from-a-new-castle/ Wed, 08 Jun 2022 22:41:34 +0000 https://californiasunsetteam.com/boulders-real-estate-king-reigns-from-a-new-castle/ For nearly four decades, the name Goodacre & Co. – a brokerage firm founded by Bill Goodacre, who was later joined by his son Tim Goodacre – has been synonymous with high-end residential real estate in Boulder. While that doesn’t change, a new corporate flag flies alongside the Goodacres. Bill and Tim Goodacre run the […]]]>

For nearly four decades, the name Goodacre & Co. – a brokerage firm founded by Bill Goodacre, who was later joined by his son Tim Goodacre – has been synonymous with high-end residential real estate in Boulder. While that doesn’t change, a new corporate flag flies alongside the Goodacres.

Bill and Tim Goodacre run the Goodacre Group of residential real estate brokerage Milehimodern in Boulder. (Milehimodern/Courtesy photo)

The father and son team has partnered with Denver-based brokerage Milehimodern LLC, which operates under the trade name and style of milehimodern, and will lead The Goodacre Group of the Milehimodern business unit out of the gleaming new offices. from Pearl Street to MHM.

Canadian-born Bill Goodacre got his start in real estate – after studying and playing hockey at Colorado College – in Lubbock, Texas, the hometown of then-wife Glenna Goodacre, an artist who died about two years ago. years and renowned for sculpting the Vietnam Women’s Memorial in Washington, DC, and for designing the Sacagawea $1 coins for the U.S. Mint.

“I haven’t sold a house for three months,” Bill Goodacre told BizWest, recalling that he’s earned about $200 in commissions on homes priced below five figures.

“It was enough when you were selling two or three a month,” he said.

But soon the Colorado itch hit and the family moved to Boulder, where Goodacre and Co. was founded in 1974.

“I’ve basically been in the real estate business all my life because I’ve always worked for dad” doing landscaping, painting and demolition work, said Tim Goodacre, who studied l commercial real estate at Southern Methodist University in Texas and returned to Colorado in the 1990s after selling properties in Arizona.

“The worst moment of my life was when he left for SMU,” Bill Goodacre said of his son’s college years. “When he decided he was coming back, it was the best day of my life.”

The elder Goodacre is ‘like the king of real estate in Boulder, so it was a gift for me to be able to stand up under him,’ said Tim Goodacre, whose sister is Jill Goodacre, model and wife of Harry Connick Jr.

Under this leadership, Goodacre and Co. diversified its operations into development and completed a series of multi-family and retail projects around Boulder and Denver.

“I really enjoyed it, but it scared the crap out of me,” said Bill Goodacre, as he had his own investment capital at stake.

In recent years, as the Goodacres continued to cement their legacy in Boulder, a new group of brokers emerged in Denver.

Owned by Peter Blank, Carmelo Paglialunga and Carla Thompson, the Milehimodern brand has been around for about 15 years under several brokerage umbrellas.

The company, headquartered in Cherry Creek with an additional Denver office in the Lower Highlands neighborhood, prides itself on career coaching and reducing administrative tasks so brokers can spend more time work with customers.

At the start of the COVID-19 pandemic, a handful of MHM-affiliated agents worked in Boulder. Company leaders saw an opportunity and spent the next few months establishing an MHM outpost in the city.

Boulder’s chief broker, Jen Fly, was hired last summer, and in February 2022 MHM opened its Pearl Street offices in a former jewelry store.

“As a small brokerage, it can be difficult, especially with marketing. You’re still playing catch-up,” Tim Goodacre said. “We rely on our reputation and the loyalty of our customers. We do a lot of volume just on (our reputation) and our longevity here. But (joining MHM) is an opportunity to take it to another level.

As the Goodacres learn the lay of the land for MHM’s new offices on Pearl Street, it won’t be long before they’re back in more familiar digs.

Milehimodern has leased 2450 Broadway, the headquarters of Goodacre and Co. for over a decade, from the family, and is in the process of setting up a second Boulder office there.

“We moved out and they’re going to renovate, make the house cooler and move back in,” said Tim Goodacre.

While the Pearl Street outpost features an open layout and glass walls, the Broadway space will offer more private offices and conference rooms.

There are approximately 30 agents on MHM’s roster of approximately 160 brokers in total who work out of the Boulder office. When the Broadway office comes online, the plan is to add more.

The company scored another recent recruiting victory when it brought on ReMax from John McElveen of Boulder.

“Milehimodern’s mission is to provide the highest level of representation to buyers and sellers using industry-leading marketing and our market expertise,” Paglialunga said in a statement. “We are honored to attract top producers such as John to join our team as we continue to expand our presence in Boulder County and beyond.

MHM “grows and does it in a really intentional way,” Fly said, recruiting agents who exemplify the brand’s customer-focused ideals.

This article was first published by BizWest, an independent news agency, and is published under a license agreement. © 2022 BizWestMedia LLC.

]]>
#MemberSpotlight on Arun Singh, CFO of MDH Partners https://californiasunsetteam.com/memberspotlight-on-arun-singh-cfo-of-mdh-partners/ Mon, 06 Jun 2022 23:42:48 +0000 https://californiasunsetteam.com/memberspotlight-on-arun-singh-cfo-of-mdh-partners/ We spoke with Arun about his love for Atlanta, the relationships built through ULI, and his commitment to ESG in the golden age of industrial investing Arun Singh remembers becoming interested in real estate when he was a high school student in Columbus, Ohio. “I liked its tangible nature and each building being unique,” ​​he […]]]>

We spoke with Arun about his love for Atlanta, the relationships built through ULI, and his commitment to ESG in the golden age of industrial investing

Arun Singh remembers becoming interested in real estate when he was a high school student in Columbus, Ohio. “I liked its tangible nature and each building being unique,” ​​he said. However, despite this, he chose to study computer science at Georgia Tech.

After a year, he realized his mistake and returned home to Ohio State University, where his father was a professor and where he studied real estate. One thing that marked him from his year at Tech? A love for Atlanta. “The old adage, a city too busy to be hated, really sounded true,” he said. He appreciated that Atlanta was “diverse in every way that Columbus was not and represented an opportunity.” He knew he would eventually find his way back.

Singh graduated from Ohio State with a degree in real estate from Fisher College of Business and took a job in a rotation program at BP Oil and ended up in a group selling the company-owned stations Across the country. He eventually sold 3,000 stations between 2007 and 2009 and Singh’s group was selling over 50 a day. “Before I was 25, I had done more transactions than some people ever do,” he said. “I hope you will learn something from each.”

Singh said one thing that would surprise people about him is that he was not a very good student. “The professional work environment is what I was built for,” he said. However, he returned to school to earn a graduate degree at NYU in 2009. He worked full-time during the day and went to school from 6 p.m. to 10 p.m. He found the NYU program more engaging because his professors worked full-time. – spending time in real estate and bringing real-world issues to class for discussion. “Instead of a traditional classroom experience, it felt more like a colleague mentoring younger colleagues, working together on a problem,” he said. “I liked it.”

After finishing with a master’s degree in real estate, with a concentration in finance and investing, he accepted a job in another rotational program, this time at MetLife. He started out in research, where he was able to examine a wide variety of strategic real estate topics – from buying liquidated assets from banks, to buying asset managers, to privatizing public REITs. He moved on with several roles within MetLife and in 2014 was offered a position in commercial loan origination – in Atlanta. He was thrilled to be back in the town where he had felt so comfortable as a freshman.

One of the first things he did in Atlanta was join ULI. In his early thirties, he quickly joined and became an active member of the Young Leaders Group, which allows emerging leaders to interact with established leaders in unique contexts, both socially and professionally.

“I was interested in building a professional and personal network and it worked out wonderfully,” he said. “I liked hearing how others, such as architects and general contractors, viewed the same deals I was working on, but from a different perspective.” He continues to enjoy those relationships today.

MDH Partners

Singh also went to another CRE organization’s event, where in 2014 he heard Jeff Small, the CEO of MDH Partners, speak. MDH was an entrepreneurial company founded by Small and other former executives of MD Hodges, one of the leading industrial property developers in the Atlanta metro area from the 1960s to the early 2000s.

“He was Jeff Small, which is to say, he was an amazing public speaker,” Singh said.

Singh spoke to her afterwards and eventually launched her business. They started working together and eventually Singh developed a new product for MDH Partners which resulted in $275 million in funding over the next few years and MetLife became the go-to funding source for MDH. In 2020, Singh accepted a position as CFO of MDH.

His work is much broader than his title suggests. He oversees finance, accounting, investor relations, human resources, operations, technology, strategy, ESG, marketing efforts and capital markets. “I don’t just keep the books,” he said. “I focus on strategy and how we operate in the best possible way.”

MDH, which had only five employees when Singh and Small met, is now a team of 25 people. Over the past two years, they’ve invested Fund I, raised Fund II, and deployed about half of Fund II’s capital, acquiring nearly 20 million square feet. industrial assets in 20 states in just three years. The accelerated timeline is necessary because MDH is taking advantage of what Singh calls “the golden age of industrial investment.”

MDH has long focused on ESG “because it was the right thing to do, not because our sources of capital required us to do it”. Singh drafted the ESG policy upon joining MDH, formalizing the company’s longstanding business approach. The company was later recognized for its outstanding commitment to ESG programs and won the Global Emerging Manager ESG Award, as part of the Pension Real Estate Association’s (PREA) inaugural Real Estate Investment ESG Awards.

MDH’s ESG policy and unique location with all capital coming from foundations and university endowments has enabled the company to apply its value-added approach in more than 30 cities across the country with a long-term vision. MDH’s ESG policy is instilled in every asset, whether it’s installing clerestory windows for more natural light or replacing outdated lighting with energy-efficient LED bulbs or improving operations.

Singh highlighted two initiatives that represent MDH’s ESG policy at its core, first, CarbonCure Technologies. MDH was one of the first industry developers to adopt CarbonCure, which injects captured CO2 into concrete as it is mixed, reducing carbon emissions by incorporating the CO2 into the cement, instead of releasing it into the atmosphere. . The company has used the technology in three developments so far, saving more than 250 metric tons of carbon dioxide. Most recently, the company opened one of the largest CarbonCure developments of its kind, Busch Commerce Center in Cartersville, GA.

At the Cartersville project, MDH has used so much CarbonCure that it is equivalent to removing more than one million automobile miles from the road each year.

The second ESG initiative he mentioned is the project’s commitment to the neighborhood surrounding Lee + White, which MDH is redeveloping with Ackerman. In addition to being home to a variety of local and diverse businesses, the adaptive reuse development offered free meeting space and hosted several community organizations. Examples include meetings for the West End Neighborhood District (WEND), a giveaway event for the Free99 Fridge mutual aid project, free COVID testing through the Community Organized Relief Effort (CORE), and a partnership with public schools. of Atlanta for remote learning modules and a food giveaway for neighborhood families during the height of the pandemic. It recently hosted the Beltline Lantern Parade and provided space for them to complete the lanterns.

Despite his busy schedule, Singh finds time to give back. He has focused much of his efforts on his alma mater Ohio State, where he helped fund a scholarship and mentors real estate students. MDH just hired a recent Ohio State graduate who was president of the real estate club. “When I was a student, that was something I really missed, mentorship by young real estate professionals,” Singh said. “So I’m committed to doing my part to improve that.”

This article originally appeared in the June 6, 2022 edition of the Saporta report.

]]>
AlUla in Saudi Arabia will be home to a remarkable film studio that will boost the region’s real estate sector https://californiasunsetteam.com/alula-in-saudi-arabia-will-be-home-to-a-remarkable-film-studio-that-will-boost-the-regions-real-estate-sector/ Fri, 03 Jun 2022 07:49:54 +0000 https://californiasunsetteam.com/alula-in-saudi-arabia-will-be-home-to-a-remarkable-film-studio-that-will-boost-the-regions-real-estate-sector/ CANNES, FRANCE – MAY 21: Stephen Strachan, guest, Wayne Borg, Zeinab Abu Alsamh and Matt Rhodes … [+] attend the Film AlUla luncheon during the 75th annual Cannes film festival at the American Pavilion on May 21, 2022 in Cannes, France. (Photo by Tim P. Whitby/Getty Images for AlUla Film) Tim P. Whitby/Getty Images for […]]]>

Saudi Arabia is building a major new studio in the AlUla region as part of the country’s historic infrastructural growth.

Located in the Fadhla neighborhood of AlUla, the structure will include two 24,000 square foot sound stages, catering, production offices, a backlot and film clusters.

As noted, Gerard Butler’s Kandahar recently wrapped filming in the region, as has Cherry – an Iraq War story that will air on Apple TV+.

Speaking on Screen at the Cannes Film Festival AlUla Film Commissioner Stephen Strachan said of the project, “We are keen to support local productions, but also to attract more international productions to AlUla and build a studio ( one of the first in Saudi Arabia) will help achieve this goal,”

He continued, “We have already obtained permission to build the studio and are currently planning construction, with the aim of opening the studio by February 2023. We want filming to take place there all year round. ”

To support the infrastructure of the studios, a resort-style complex is also being built about 15 minutes away. The complex will have around 300 mixed units between housing and offices to help and accommodate productions and studio staff.

AlUla is already popular in the region, totaling 639 shooting days from January to March 2022, as the region has enviable topography ranging from mountains and volcanoes to UNESCO World Heritage Sites.

The future of film studios

Real estate technology is an area that has been growing for a few years, from 3D printing to building materials. With the growth of Web3, can blockchain add another element to film and television real estate?

Real estate technology company, Immobilium, is a blockchain-powered real estate trading platform that uses technology to advance and improve the way real estate transactions are conducted. Using blockchain, the platform transforms real estate into commodity-like assets that can be traded quickly and globally – with crypto and fiat.

The concept could viably open up many sectors. Movie and TV studios, OTT platforms and broadcasters could easily license and purchase specific studios or stages to help with the growing demand for content. It could also help financiers and banks in the trading process.

Immobilium Founder and CEO, Sasha Poparic, said of the current state of the industry: “Globally, real estate is the single largest wealth holder. It is both the largest and least liquid asset class. It is a shame to leave such a beautiful asset class without the possibility of changing hands faster than today. The time it takes to complete a real estate transaction is not up to modern times.

“Technology enables this, the regulatory framework is more understanding and accepting of technology and the security that technology can provide aligns well with regulators’ goals. It’s a win-win for everyone involved.

Currently, the company is headquartered in Los Angeles, California, with the United States representing its primary business market, but the company believes growth in global markets is inevitable.

Poparic added: “We don’t see ourselves as disruptors, we think we are a solution for everyone. An extension tool for brokers with global reach and an option for regular consumers to make sales on their own.

“We envisioned a process of completing real estate transactions in 15 minutes and closing escrow in just days, and we are making it happen. Imagine what this can do to the entertainment real estate market? »

Nenad Mitosevic, co-founder of the company, continued, “Blockchain can turn real estate into commodities and it can affect the whole industry.”

“It addresses and solves an important problem with regard to the [real estate] industry – confidence. The blockchain allows everyone to transparently see all relevant details of a property, previous ownership and transaction details, eliminating any uncertainty for interested buyers or investors.

With Netflix
NFLX
By renting large sound stages in the UK and around the world, the potential utility for larger entities becomes evident with decisions and transactions taking place within a day rather than months. Something that comes in handy in the fast-paced world of entertainment.

Lazaros Georgiadis, the company’s second co-founder, concluded: “This opens up the possibility for so many companies to be flexible in their way of thinking. It also allows governments and states to accelerate studio growth due to ease of transfer and market conditions. All of this helps to foster a healthier environment.

“For investors in the sector, this gives you security and the ability to transfer funds in different ways, which will help scalability and job creation in the film and television industry, and in other sectors.”

With blockchain still becoming a fully user-friendly concept, the biggest challenge for adaptation in the field seems to be changing workflows, mindsets and adjusting user behavior to enable the industry to studio real estate – and others – to be optimized.

]]>
The Cigar Vault is another type of business opening in Wooster https://californiasunsetteam.com/the-cigar-vault-is-another-type-of-business-opening-in-wooster/ Wed, 01 Jun 2022 09:06:09 +0000 https://californiasunsetteam.com/the-cigar-vault-is-another-type-of-business-opening-in-wooster/ WOOSTER – When Mike Heidelman finally found the perfect building for the cigar shop he dreamed of opening, there was only one problem. It was a working bank. “I’m in the bank doing business and I’m thinking, ‘That would be an amazing cigar store. “, he said of that visit to the Chase Bank branch […]]]>

WOOSTER – When Mike Heidelman finally found the perfect building for the cigar shop he dreamed of opening, there was only one problem.

It was a working bank.

“I’m in the bank doing business and I’m thinking, ‘That would be an amazing cigar store. “, he said of that visit to the Chase Bank branch at 601 Portage Road about five years ago.

A few years later, he was able to light a long-awaited cigar of victory. When Chase closed the branch, it made an offer in November and closed the property in March.

After:New owner of Friendly Wholesale: “We keep and grow the employee base here”

“It’s the realization of a 16-year dream.” he recently said inside the near-complete renovated facility set to open in mid-June as The Cigar Vault, a business the 54-year-old is opening with his 24-year-old son , Michael.

Michael and Mike Heidelman inside their cigar humidor at their new Wooster business, The Cigar Vault, which opens in mid-June.

With a laugh and a quick wink at his son, he added, “I’m a horrible dad. I introduced him to cigars at a young age.”

Then with a big smile, he said, “I’m very, very lucky that he followed my passion and now we’re doing it together.”

After:East Wayne Deputy Fire Chief visits White House and receives Medal of Valor for 2019 rescue

]]>