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Tag Archive business

Startup that allows agents to sell leads they don’t want raises $12M in funding round

Agentology’s David Tal

A real estate tech firm that sifts through agents’ online leads and lets them sell listings they don’t want just raised $12 million in a funding round.

Startup company Agentology provides a “rapid response” service to agents, by using sales reps to vet buyer and seller leads and referring these leads to other brokers, who are willing to take the jobs. In return, the referring agent will receive 25 percent of the commission on a successful deal.

Co-founder David Tal told Techcrunch that the app is meant to provide a management system for agents still adapting to online listings services that have shaken up the real estate industry.

“Part of the reason the industry is broken is that the industry went from one extreme to another,” Tal said. “You had to do all of these things face to face, now you can do all of these things at their fingertips so people don’t have any loyalty to any provider or any service individual.”

Agentology ends up costing agents between $4 and $6 per lead, the company told Inman in June.

The startup’s $12 million round, disclosed Tuesday, was led by venture capital firm Defy.vc. The co-founder of Defy, Trae Vassallo, will join Agentology’s board of directors with Jenny Lefcourt, who led the company’s seed fundraising round under Freestyle Capital. It raised $4.5 million in an earlier funding round. [TechCrunch]David Jeans

Source: http://feeds.feedburner.com/trdmiami

Dennis Horrigan buys Stan Lipsey's waterfront condo

Admirals Walk condo sells for $849,000.

Source: http://feeds.bizjournals.com/industry_21

Charlotte ranks among top markets for spending on multifamily construction

Charlotte ranks No. 5 in the nation for per-capita spending on new multifamily construction, according to a report from Apartment List.

That puts the Queen City in company with Seattle, Denver, Dallas and Portland, Ore., which, when controlled for population, respectively rank as the top four metros for such spending.

From 2000 to 2016, the report said that the Charlotte metro spent $9.5 billion on new multifamily construction.

Charlotte’s spending on new residential, in specifically the multifamily…

Source: http://feeds.bizjournals.com/industry_21

CSX terminal Tilford Yard could be Atlanta's next big redevelopment

CSX selected Colliers International – Atlanta as its real estate adviser for the future of Tilford Yard, which stretches just west of Marietta Road northward toward Cobb County.

Source: http://feeds.bizjournals.com/industry_21

Huge country estate in La Grange with 11-room house, swimming pool listed for $1.55M: Open House

Those in search of a quiet, country setting to call home should take a gander at a 54-acre estate less than an hour from Milwaukee.

Located in La Grange and surrounded by land owned by the Department of Natural Resources, the estate is priced at $1.55 million and includes an in-ground swimming pool, a pole barn, attached three-car garage and a six-bedroom, 4,600-square-foot home.

Built in 1993, the 11-room home also features six bathrooms, a sunroom, bar area, multiple fireplaces, full basement…

Source: http://feeds.bizjournals.com/industry_21

INSIDE LOOK: Omni Louisville offers first glimpse of its luxury apartments (PHOTOS)

Fifteen percent of the luxury apartments in the 30-story Omni Louisville Hotel are leased, and tenants are expected to start moving in by mid-May.

Local media outlets were invited in for the first time Wednesday afternoon to capture images of the apartments in The Residences at Omni Louisville, a 225-unit complex that is part of the 30-story Omni hotel in downtown Louisville. The complex offers studio, one-, two- and three-bedroom units across several floor plans with sweeping views of downtown…

Source: http://feeds.bizjournals.com/industry_21

Dayton rental prices jump highest in U.S.

A study from a Madison, Wis.-based apartment database found rental prices in March for the Dayton region increased more than any other metro area in the country.

Data taken from apartment listings on ABODO.com shows average rents in Dayton increased from $608 for a one-bedoom in March to $697 at the beginning of this month. Overall, the area saw a 14.6 percent increase in average rent prices, making it the highest increase in any metro area for the month.

However, this increase was only found in…

Source: http://feeds.bizjournals.com/industry_21

Greystone launches $168.6 million initiative to restore low-income apartments in Georgia

Greystone & Co. will work with federal and state agencies to renovate 1,130 low-income apartments in Georgia, according to the Wall Street Journal. 

The initiative will cost $168.6 million. It involves preserving and recapitalizing 26 properties in 17 counties that were built in the 1970s and 1980s by Atlanta-based Hallmark Cos. The units were developed under the Section 515 rural-housing program, which was created to provide low-rent housing for people over 62. 

Tenants at these complexes, which…

Source: http://feeds.bizjournals.com/industry_21

Dream Cabins: Lanesboro-area retreat space on the market for $2.65 million

A 9,548-square-foot home in the bluff country region of southeastern Minnesota is on the market for $2.65 million. 

The property is at 23234 Grosbeak Road in Carrolton Township, which is near Lanesboro. Built in 2001, it comes with 10 bedrooms, nine bathrooms and in-floor heating. It’s a four-story house with a custom-built timber frame. It also comes with two wrap-around porches and a 10-car garage. 

It was once a bed and breakfast, so it could have many different uses. Built on 103 acres,…

Source: http://feeds.bizjournals.com/industry_21

SABJ honors the Top 100 Real Estate Agents and Teams for 2018

Real estate is a challenging and competitive business, and the right real estate agent or Realtor can be the key to helping a person or a family find the house that they envision as their next home.

It’s not all open houses and showings. There are priorities to sort for the buyer, budgets to consider and talent for matching the right property to a new owner.

This week, the San Antonio Business Journal recognizes the Top 100 Residential Real Agents and Teams in San Antonio in the following categories:…

Source: http://feeds.bizjournals.com/industry_21

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