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Residential News
California Association of Retailers Launches Statewide Rental Listing Service
The California Association of Realtors (C.A.R.) has launched the California Rental Listing Service, the first statewide database of rental properties servicing the state of California.
Powered by Rental Beast, the rental data and rental software solutions provider exclusively recommended by the National Association of Realtors, the California Rental Listing Service was developed by Rental Beast and C.A.R.’s Real Estate Business Services LLC (REBS) — the source of essential real estate business services for C.A.R.’s more than 217,000 members.
Available to C.A.R. members via car.org and to California renters soon at rlsca.com, the service affords users with a view of available rental listings throughout the state, with search results returning both rental listings represented by C.A.R. members alongside properties sourced from Rental Beast’s database of owner-sourced rental listings. California-based MLSs have the option to integrate with the service, providing their subscribers with direct access through their existing systems, to assist rentals as they do buying and selling.
Backed by new ownership and offering a comprehensive technology solution and an enhanced connection to the world-renowned Christie’s auction house, Christie’s International Real Estate has returned to Miami, signing one of South Florida’s largest independently-owned brokerage firms, Fortune International Realty, as its newest affiliate.
Since its acquisition last December by Chicago-based brokerage and technology firm, @properties, Christie’s International Real Estate has been updating and expanding its global luxury brand — integrating @properties’ proprietary pl@tform technology and launching new luxury marketing programs.
Fortune International Realty was founded in 1983 by the Defortuna family and is still led by President and CEO Edgardo Defortuna. Fortune has over 600 agents in 11 Miami offices and will open an office in Fort Lauderdale later this year. Fortune will be Christie’s exclusive affiliate for Miami-Dade and Broward counties. The firm will now be known as Fortune Christie’s International Real Estate.
United Real Estate Forges New Florida Alliance in National Expansion
United Real Estate (United) announced that a Jacksonville, Florida-based brokerage has joined United’s national network in a merger. The firm (formerly affiliated with a different national brokerage) will operate as United Real Estate Gallery moving forward and retain all leadership.
The partnership brings together the seventh largest national real estate brokerage operation in the U.S. and a prominent brokerage celebrating 15 years in business. United Real Estate Gallery is currently a top ten market share leader with 400 agents and eight locations throughout Northeast Florida.
“We wanted to grow faster and provide resources for our agents to compete in any market. After an extensive period of due diligence considering many paths forward, we determined United is the forward-thinking partner who will help us achieve our goals. They are high-energy, quick-moving and sharp. They recognize our team’s talent, have the resources required to make the investments in our business to drive agent outcomes and are eager to help,” stated United Real Estate Gallery CEO Raymond Rivera.
It is United’s fifth merger in 2022.
Photo courtesy of Fortune
Forbes Global Properties has expanded its services to the Cayman Islands, adding the luxury brokerage 1503 Property Group.
1503 Property Group was founded by industry veterans Jill Davison and Ruth Gustafsson, who draw from more than 30 years of experience. The firm’s team of real estate professionals deploys emergent marketing strategies and technology to drive and deliver meaningful results.
The exclusive worldwide residential real estate partner of Forbes, Forbes Global Properties provides branding and marketing services to the world’s premier real estate firms and is now represented by more than 12,600 real estate agents across 20 countries in approximately 400 locations. Forbes has an engaged auidence of 140 million. “It is my privilege to welcome 1503 Property Group to our global community of respected luxury property experts,” said Michael Jalbert, CEO of Forbes Global Properties. “The Cayman Islands is one of the world’s leading financial centers.”
Buyer Demand in Greenwich Market Remains Strong As Limited Inventory of Homes Constrains Sales
Buyer demand for homes in the Greenwich, Connecticut market remained strong in the third quarter but a limited inventory of homes for sale continued to constrain market performance, according to the Houlihan Lawrence Q3 Greenwich Market report.
Although home sales declined 36% in the third quarter versus Q3 2021, sales improved compared to Q2 2022. In addition, the time it took to sell a home tightened to just 58 days on the market while median prices rose to more than $2.4M. Overall, it remains an opportune time to sell a home in Greenwich.
The $5 million to $6 million price range was the only price category showing an increase in sales contracts versus 2021. The $10 mil-
Leasing Launches at Brooklyn’s 540 Waverly
The Daten Group has launched leasing at its new luxury residential rental and retail offering at 540 Waverly Ave., located between Atlantic Avenue and Fulton Street in Clinton Hill, Brooklyn.
With leasing exclusively handled by MNS, the nine-story, 135-unit rental development offers homes that range in size from studios NS one- and two-bedroom apartments, starting from $3,175 per month. Designed by Kutnicki Bernstein Architects, residences at 540 Waverly feature interiors with bright and airy open layout concepts complimented with floor-to-ceiling window fixtures.
Other notable design elements include custom two-toned kitchen cabinetry, quartz countertops, modern chrome finishes ns high-end appliance packages in every residence, with in-unit washer and dryer equipped in all one- and two-bedrooms.
A roster of on-site amenities include a furnished rooftop terrace with BBQ stations and a sundeck with private roof cabanas.
lion-plus market was the only price range showing an uptick in inventory, with 34 homes for sale compared to 20 a year ago.
According to the report, 535 single-family homes have sold in Greenwich this year.
Photo courtesy of MNS
