Mega-Buy Launches Foray into Commercial Real Estate

HOUSTON—Privately held real estate search portal Realty.com recently acquired the entire commercial real estate portfolio of Texas-based Oxley Leasing. The transaction includes approximately 1 million square feet of office space in Houston and Dallas.

The acquisition was led by Realty.com CEO Lance Custen. The purchase price was undisclosed.

The properties are located at 2646 S. Loop West and 8303-8313-8323 Southwest Freeway, both in Houston, 213 W. Southmore Ave. in Pasadena, TX and 5787 S. Hampton Rd. in Dallas. The mega-buy will result in the renovation of all buildings into class-A office spaces with amenities including full-size restaurants, arcades and gyms.

The reasoning for the acquisition is two-fold, says Custen.

“Realty.com Is on a mission to disrupt the real estate market. Up to this point, the primary focus has been in the residential market by providing real estate agents the ability to be the exclusive premium Realty.com agent in their city,”

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Amidst Pandemic-Driven Urban Exodus, Welcome Homes Launches First Fully Digital Home Buying Experience, Bolstered by a $5.35M Seed Round

NEW YORK, Oct. 20, 2020 /PRNewswire/ — Today, Welcome Homes announces its official launch as the first fully-online home building, customization and purchasing experience of its kind, with $5.35M in seed financing led by Global Founders Capital. Welcome Homes will use the capital infusion to expand into new markets, while also bolstering its product, sales and marketing initiatives to streamline the home-buying and customization process, cutting by 50% the time it takes to build and move into a dream home, to six months.

Buying a home is considered by many Americans, about 40%, as the most stressful event in modern life with the complexity of finding the right location, managing construction companies, and all the necessary legal and financial protocols. Over the last few months this has only been exacerbated as city dwellers flee urban areas into neighboring suburbs due to the COVID-19 pandemic and its shelter-in-place orders.

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NAI THOR Launches With Eye on Florida’s Gulf Coast

Two former executives with NAI KLNB have launched NAI THOR Commercial Group, a full-service brokerage firm serving Florida’s Gulf Coast. The firm’s principals are Brad Berzins, a 20-year industrial and investment sales broker who was formerly with NAI KLNB in the Baltimore-Washington, D.C.-Northern Virginia markets, and Andy Georgelakos, a former president of NAI KLNB. Their office will target Tampa, Sarasota, Fort Myers and Naples, among other markets. 

NAI THOR Commercial Group is the 12th NAI affiliate in Florida joining other major market offices in Miami, Orlando, Jacksonville and Fort Lauderdale. There are other offices currently opening in Tampa and Fort Myers, with Sarasoa and Naples coming online shortly.

NAI THOR Commercial Group has formed a strategic alliance with NAI Miami, led by Jeremy Larkin, allowing the firms to connect and serve Florida’s two largest markets in Tampa and Miami consisting of approximately 10 million people, along with the secondary

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Building Engines Launches Partner Network to Create the First Comprehensive Building Operations Ecosystem for Commercial Real Estate

Network brings together CRE tech partners and service vendors in industry’s new centralized building operations hub, Prism

Building Engines, the leading provider of building operations software for modern commercial real estate (CRE), has launched a comprehensive Partner Network. The Network is comprised of technical partners that offer various levels of integration into Building Engines’ new building operations software platform, Prism, as well as vendor partners that offer best-of-breed services, such as cleaning, carpentry, landscaping, and roofing to CRE property owners and operators. The Partner Network will play a central role the growth of Building Engines as it executes its build, partner and buy strategy.

Today, many CRE owners and operators struggle with tech stacks that are overly-complicated and require multiple log ins and replicating data sets across systems. Evaluating, selecting, implementing and managing additional point solutions that focus on solving a single problem further complicates the technical environment. To make

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Bulk Condo Deals Website Launches Due To Pandemic

Richard Swerdlow and Bruce Goldstein 

Richard Swerdlow and Bruce Goldstein

Miami-based Condo.com founder Richard Swerdlow and South Florida developer Bruce Goldstein are partnering to launch an online platform for bulk condo deals, The Real Deal has learned. They’re betting on the growing distress of condo markets across the country and developers’ desire to keep their offers confidential.

Swerdlow and Goldstein are rolling out their nationwide website, BulkCondoDeals.com, so that developers and other sellers can post their bulk deals – defined as more than one condo unit – on the site with detailed financial information. That will include annual cash flow, fixed costs, cap rates, discounts, building information and projected returns.

However, the listings will exclude building names and addresses, so that developers won’t compete with their own existing retail inventory. The venture will act as a broker for the deal, taking commissions ranging from 1 percent to 5 percent, co-founder Swerdlow said.

The veiled listings

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TIME for Kids Launches Digital Subscription to Bring Classroom News Content to Homes

(New York, NY — October 19, 2020) — Today, TIME for Kids, the trusted publication that has provided quality journalism to millions of students in elementary classrooms across the U.S. for 25 years, launches a new premium digital subscription product that, for the first time, provides at home access to the same age-appropriate news and current event content that TIME for Kids offers in schools. This new TIME for Kids digital experience is designed to keep kids learning, help them understand the news, and connect them to the world from home.

“The mission of TIME for Kids is to create a safe and engaging experience for kids to explore the world on their own,” said TIME for Kids editor in chief Andrea Delbanco. “With the continued uncertainty around kids going back to school amid the coronavirus pandemic, TIME for Kids has built its first-ever home product to be flexible

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TVNET/WRLD1 launches Global Real Estate and Business / Finance / Investment group of Internet TV Networks

SAN FRANCISCO, Oct. 19, 2020 /PRNewswire/ — Nathan Sassover, CEO of TVNET INC. today announced the launch of the WRLD1 Global Real Estate Group of TV networks converged with its Business / Finance / Investment Group across all world regions.

 The TVNETGlobal Real Estate Group includes:

■ https://PropertiesTV.com
Luxury Properties Worldwide

■ https://RealtorsTV.com 
Realtors Global Network

■ https://CitiesTV.com 
Cities Global Network

■ https://LatinAmericaTV.com
Latin America Network

■ https://MANHATN.com
Manhattan News

■ https://WestHwd.com
West Hollywood News

■ https://HomeVues.com
Virtual Tours Network   [January 2021]

■ https://RepairsTV.com 
Home Repairs Network

The TVNET Real Estate Networks group features PropertiesTV.com as the first global TV network unifying worldwide luxury residential properties within a TV network environment across 8 world regions, extending the generic ‘virtual tour’ to more immersive insights of homes and enhancing broker marketing resources for more impactful buyer / seller engagement.

RealtorsTV.com converges a

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Landsea Homes Launches New “LiveFlex” Program That Adapts To Homebuyers’ Evolving Lifestyles

NEWPORT BEACH, Calif., Oct. 15, 2020 /PRNewswire/ — Landsea Homes, a Newport Beach-based homebuilder, has launched its “LiveFlex” program in communities across Arizona, Northern and Southern California and New York. The new program offers smarter and more thoughtful ways for today’s homebuyers to personalize their home and seamlessly adapt to their lifestyle.

“Landsea Homes prides itself on utilizing technology to be at the forefront of providing homes that meet the ever-changing needs of today’s homebuyers – especially during these uniquely transformational times,” said Mike Forsum, president and chief operating officer, Landsea Homes. “With so many people currently working from home and that trend expected to continue, designated spaces for functional and technology-forward home offices, at-home fitness hubs and education-friendly spaces have become essential.”

The LiveFlex program presents the opportunity to transform spaces into whatever a homebuyer’s lifestyle may need, whether that’s a home office, an

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Veteran real estate broker launches Houston real estate firm

As the coronavirus pandemic disrupted retailing, veteran commercial real estate broker Josh Jacobs launched Blue Ox Group, a boutique real estate firm specializes in shopping centers, investment sales, project leasing, tenant representation and land sales.

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