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Miami Real Estate Records Best August Sales Month in History; Condo…

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MIAMI Chairman of the Board Jennifer Wollmann

MIAMI Chairman of the Board Jennifer Wollmann

Many of the U.S. individuals who have moved here have made South Florida their primary home, which means they’ll be contributing to our economy year-round.

Miami-Dade County real estate broke another record, posting its best August sales month in history as pent-up demand, more U.S. individuals and companies moving to South Florida, and record-low mortgage rates continue fueling transactions, according to the MIAMI Association of Realtors (MIAMI) and the Multiple Listing Service (MLS) system.

Miami-Dade County total home sales surged 30.6% year-over-year in August 2021, from 2,527 sales to 3,299. Miami single-family home transactions decreased 3.5%, from 1,357 to 1,309. Miami existing condo sales increased 70.1%, from 1,170 to 1,990.

“Many of the U.S. individuals who have moved here have made South Florida their primary home, which means they’ll be contributing to our economy year-round,” MIAMI Chairman of the Board Jennifer Wollmann said. “The many U.S. companies — from Microsoft to CI Financial — who have signed leases and announced plans to open regional hubs/headquarters in Miami are adding high-paying jobs. This record-breaking sales year will have a long-lasting impact on our community.”

Miami is on pace to have its best year ever for total sales, condo sales and single-family home transactions. Miami real estate has already recorded more total sales in eight months this year (26,931) vs. all of 2020 (26,345) and nearly eclipsed 2019 (27,436). Miami’s total sales record is 30,041, set in 2013.

Miami real estate has posted record sales months in each of the last six months (March, April, May, June, July, and August). Of the top-10 best home sales months in Miami history, seven have happened since December 2020. June 2021 (with its 4,057 total transactions) remains the No. 1 overall sales month in Miami history. August 2021 (with its 3,299 sales) ranks as the sixth-best sales month overall since MIAMI began tracking stats in 1993.

Miami home sales are also significantly higher vs. August 2019. Miami total home sales are up 38.9% in August 2021 vs. August 2019, from 2,374 to 3,299. Miami single-family home sales (12.5% increase) and condo transactions (64.5% jump) are higher than August 2019.

Demand for Miami Condos Surges; Condo Sales Jump 70.1% Year-over-Year in August 2021

Nearly every week brings another announcement of a major U.S. company either moving their headquarters to Miami or opening offices here. Last week, Seattle-based Microsoft announced its plans to open a regional hub and Latin American offices in Miami. International companies are also showing interest in opening offices in Miami.

With so many U.S. companies and individuals relocating to our region over the last year, many of those relocating homebuyers are taking advantage of the condo inventory. International homebuyers, who have long preferred condos, have pent-up demand for Miami real estate and are also returning to the No. 1 market for foreign homebuyers.

Miami existing condo sales are up in all price ranges in August 2021, with major transaction increases in properties selling at $300K and above.

Lack of inventory in certain price points is impacting sales, particularly for single-family homes. More inventory is expected to come to the market as potential home sellers become more comfortable listing and showing their homes. The falling number of homeowners in mortgage forbearance will also bring about more inventory.

Miami Luxury Sales Jump as Northeast and West Coast Buyers Move to Mega Region

Miami single-family luxury ($1-million-and-up) transactions jumped 68.6% year-over-year to 258 sales in August 2021. Miami existing condo luxury ($1-million-and-up) sales increased 217.1% year-over-year to 222 transactions.

There are 4 months of supply in luxury single-family homes; 9.8 months of supply in luxury condos. Luxury months of supply continues to trend downward for all property types, month-over-month, and year-over-year.

Low interest rates; a robust S&P 500; the appeal of stable assets in a volatile economy; homebuyers leaving tax-burdened Northeastern states to purchase in Florida (no state income tax); and work-from-home and remote-learning policies have all combined to create a robust market for luxury single-family properties.

With global vaccinations rising and unstable political situations around the world, South Florida is seeing an increase in foreign homebuyers. Global buyers are also coming here for the vaccine and purchasing property. Global buyers purchase in Miami because Miami is a world-class global city with better real estate prices than other similar global cities. Foreign buyers feel at home with our incredible diversity and acceptance of all cultures.

Miami single-family homes priced between $400K to $600K surged 18.6% year-over-year to 465 transactions in August 2021. Miami existing condo sales priced between $400K to $600K increased 183.6% to 329 transactions.

New Listings Rise; More Inventory Arriving for Low-Supply/High-Demand Market

New listings of Miami single-family homes increased 4.5% to 1,695 from 1,622. New listings of condominiums increased 19.8%, from 2,134 to 2,556.

Inventory of single-family homes decreased 27.4% year-over-year in August 2021 from 4,164 active listings last year to 3,025 last month. Condominium inventory decreased 41.9% year-over-year to 8,263 from 14,226 listings during the same period in 2020.

Months’ supply of inventory is down since July 2019 for single-family, reflecting strong demand. Months’ supply of inventory for single-family homes decreased 42.5% to 2.3 months, which indicates a seller’s market. Inventory for existing condominiums decreased 65.5% to 4.9 months, which indicates a seller’s market. A balanced market between buyers and sellers offers between six- and nine-months supply.

Total active listings at the end of August 2021 decreased 38.6% year-over-year, from 18,390 to 11,288.

Nationally, total housing inventory at the end of August totaled 1.29 million units, down 1.5% from July’s supply and down 13.4% from one year ago (1.49 million). Unsold inventory sits at a 2.6-month supply at the current sales pace, unchanged from July but down from 3.0 months in August 2020.

Miami Homeowners’ Home Equity Continues Surging as Many Pay Lower Mortgage Payments

With interest rates still at record lows, many South Florida homeowners have refinanced their home loans. So not only are many homeowners paying lower mortgage payments today; they are doing so while their wealth (home equity) has significantly increased. Home equity can be tapped for renovations, college loans and more.

Miami-Dade County single-family median prices increased 20.3% year-over-year in August 2021, increasing from $416,000 to $500,500. Miami single-family median prices have risen for 117 consecutive months, a streak of 9.75 years. Existing condo median prices increased 26.4% year-over-year, from $265,000 to $335,000. Condo median prices have increased or stayed even in 119 of the last 123 months.

The greater share of Miami luxury sales in 2021 compared to a year ago is part of the reason for the large year-over-year increase in median prices.

Rising median prices is a trend nationwide as record-low mortgages rates and the increased availability of remote work and education has accelerated the demand for housing. Low inventory relative to high demand leads to prices rising.

Lower mortgage rates are making home purchases more affordable. According to Freddie Mac, the average commitment rate for a 30-year, conventional, fixed-rate mortgage was 2.84% in August, down from 2.87% in July. The average commitment rate across all of 2020 was 3.11%. NAR Chief Economist Lawrence Yun expects the 30-year fixed-rate mortgage to remain below 3.5% in 2021.

Should mortgage rates resume their upward climb, home price growth is likely to slow in response. As more sellers list properties in 2021, the increased inventory should ease the growth of median prices.

Miami remains a bargain compared to other global cities. In Miami, $1 million can net homebuyers 85 square meters of prime property, according to Knight Frank’s 2021 The Wealth Report. Monaco (15 square meters), Hong Kong (23), London (31), New York (34) and Geneva (35) and others offer significantly less prime land for $1 million.

Miami Dollar Volume Totals $2.5 Billion, Showcasing Impact Housing Plays in Local Economy

While other industries struggled over the past year, housing lifted the economy nationally and locally. For every two homes sold in the U.S., one job is created. Miami dollar volume showcases the impact housing plays in the local economy.

Miami total dollar volume totaled $2.5 billion in August 2021. Single-family home dollar volume increased 37.4% year-over-year, from $1 billion to $1.4 billion. Condo dollar volume increased 129.2% year-over-year, from $490.8 million to $1.1 billion.

Miami Distressed Sales Keep Dropping, Reflecting Healthy Market

Only 1.4% of all closed residential sales in Miami were distressed last month, including REO (bank-owned properties) and short sales, compared to 3% in August 2020. In 2009, distressed sales comprised 70% of Miami sales.

Total Miami distressed sales decreased 41.6% year-over-year in August 2021, from 77 to 45.

Short sales and REOs accounted for 0.5% and 0.9% year-over-year, respectively, of total Miami sales in August 2021. Short sale transactions decreased 5.9% year-over-year while REOs decreased 51.7%.

Nationally, distressed sales represented less than 1% of sales in August 2021, equal to August 2020.

National, State Housing Demand Robust as More Inventory Expected to Arrive

Nationally, total existing-home sales transactions completed transactions that include single-family homes, townhomes, condominiums and co-ops, fell 2.0% from July to a seasonally adjusted annual rate of 5.88 million in August. Year-over-year, sales dropped 1.5% from a year ago (5.97 million in August 2020).

Statewide, closed sales of single-family homes in August totaled 29,550, up slightly (0.2%) year-over-year, while existing condo-townhouse sales totaled 12,550, up 13.1% over August 2020. Closed sales may occur from 30- to 90-plus days after sales contracts are written.

Nationally, the median existing-home price for all housing types in August was $356,700, up 14.9% from August 2020 ($310,400), as prices increased in each region. This marks 114 straight months of year-over-year gains.

The statewide median sales price for single-family existing homes in August was $354,000, up 18% from the previous year, according to data from Florida Realtors Research Department in partnership with local Realtor boards/associations. Last month’s statewide median price for condo-townhouse units was $252,500, up 16.1% over August 2020. The median is the midpoint; half the homes sold for more, half for less.

Miami Real Estate Attracting Multiple Bids, Buyers Going Over-List Price

The median percent of original list price received for single-family homes was 98.7% in August 2021, up 2.8% from 96% last year. The median percent of original list price received for existing condominiums was 97.1%, up 2.5% from 94.7% last year.

The median number of days between listing and contract dates for Miami single-family home sales was 17 days, a 66.7% decrease from 51 days last year. The median time to sale for single-family homes was 64 days, a 36% decrease from 100 days last year.

The median number of days between the listing date and contract date for condos was 35 days, down 56.3% from 80 days. The median number of days to sale for condos was 80 days, a 39.4% decrease from 132 days.

Miami Cash Sales 76.8% More than National Figure in August 2021

Cash sales represented 38.9% of Miami closed sales in August 2021, compared to 27.1% in August 2020. About 22% of U.S. home sales are made in cash, according to the latest NAR statistics.

The high percentage of cash buyers reflects Miami’s top position as the preeminent American real estate market for foreign buyers, who tend to purchase with all cash as well as some moving from more expensive U.S. markets who can buy more with their profits from real estate sales.

Cash sales accounted for 47.6% of all Miami existing condo sales and 25.8% of single-family transactions.

To access August 2021 Miami-Dade Statistical Reports, visit http://www.SFMarketIntel.com

Note: Statistics in this news release may vary depending on reporting dates. MIAMI reports exact statistics directly from its MLS system.

About the MIAMI Association of Realtors
The MIAMI Association of Realtors was chartered by the National Association of Realtors in 1920 and is celebrating 101 years of service to Realtors, the buying and selling public, and the communities in South Florida. Comprised of six organizations, the Residential Association, the Realtors Commercial Alliance, the Broward-MIAMI Association of Realtors, the Jupiter Tequesta Hobe Sound (JTHS-MIAMI) Council, the Young Professionals Network (YPN) Council and the award-winning International Council, it represents 52,000 total real estate professionals in all aspects of real estate sales, marketing, and brokerage. It is the largest local Realtor association in the U.S. and has official partnerships with 223 international organizations worldwide. MIAMI’s official website is http://www.MiamiRealtors.com

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Source: https://www.prweb.com/releases/miami_real_estate_records_best_august_sales_month_in_history_condo_transactions_up_70_1_year_over_year_in_august_2021/prweb18215879.htm

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L37 Completes Construction on Serif, Part of a Mixed-Use Development…

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With Serif being at the center of the renaissance now underway in San Francisco’s Mid-Market neighborhood, our goal is to reignite the area while staying connected to its rich history and culture,” said Joy Ou, managing partner to L37.

L37, a San Francisco-based real estate development and management firm, announced today that construction is now complete on Serif, the residential component of a mixed-use development comprised of 242 condominiums, The LINE Hotel, retail and dining experiences and the legendary Magic Theatre located in San Francisco’s eclectic Mid-Market neighborhood.

With prices starting in the low $500,000s, Serif is already seeing strong interest from homebuyers with over 40 residences under contract since the sales gallery opened in June. Along with the completion of construction, three model residences are now available for private tours. Serif offers studios, junior one-bedrooms and one- and two-bedroom residences ranging in size from approximately 450 to 1,200-square-feet. Minimalistic and modern, with an eye toward the urban context, each residence at Serif is a blank canvas on which residents can impart their personal style. Serif is raw and industrial yet thoughtfully crafted – every detail is designed to complement the vibrancy of Mid-Market.

“With Serif being at the center of the renaissance now underway in San Francisco’s Mid-Market neighborhood, our goal is to reignite the area while staying connected to its rich history and culture,” said Joy Ou, managing partner to L37. “The Serif experience is bringing back the allure of Mid-Market by reawakening the theater, dining, retail and nightlife scenes that culminate into a thriving, interesting and inspiring place to live.”

Located on the corner of Market and Turk, the dynamic architectural design of the 12-story building is the result of a collaboration between conceptual architect Bjarke Ingels Group of Denmark, architect of record Handel Architects of San Francisco and interior architect IwamotoScott, also of San Francisco. The result is unlike anything in the city – in form, in color, in style. The bright white, textured facade takes cues from contemporary architecture, while the flatiron at Turk and Market recalls early 20th century San Francisco.

Decidedly modern with an urban flair, the interior design brings an artistic attitude to the residences by combining angular forms with raw materials and finishes, such as concrete, blackened steel, ceramic-and-stone tiles, wood and a palette that blends striking black and white background surfaces with highlights of warm, natural hues and finishes.

With the building’s unique shape, each residence is available in several different sizes with perfectly placed windows to connect the building’s interiors to the surrounding Mid-Market area. Functional and flexible floor plans include open kitchens and living spaces, while select floor plans feature flexible offices and dens. Buyers will also have the opportunity to upgrade their spaces with Bumblebee Spaces, which allows residents to maximize their space with a bed and storage that disappears into the ceiling to create space for a fully functional home office or additional flexible space.

Upon arrival, residents are welcomed into the lobby by a 24-hour attendant, polished concrete floors and white walls punctuated by a curated selection of artwork. Wood-veneered millwork and blackened steel adorn the reception desk and mailroom, while ceramic-and-stone tile walls feature geometric patterns that recall facets of the facade.

Serif’s residents and their guests have exclusive access to a wealth of amenities. Chief among them is the landscaped rooftop solarium, which serves as both a co-working and entertainment space equipped with a library, bar, restaurant, a chef-grade kitchen for private events and indoor and outdoor spaces – where an airy lounge atmosphere complements bird’s eye views of the neighborhood. Other amenities include a state-of-the-art fitness center and yoga room, a pet spa, dog run and a bike parking and storage room equipped with controlled access.

At Serif, home is only the half of it. Serif also shares its space with the Magic Theatre and the effortlessly cool The LINE Hotel, a lifestyle hotel that is part of the Membership Collective Group portfolio, which includes Soho House. With locations in Los Angeles, Washington D.C. and Austin, the LINE is known for its exceptional mix of entertainment, programming and culinary experiences. Expected to open spring 2022, the 236-room hotel will feature a ground-floor bar and restaurant in addition to a rooftop bar with panoramic city views. The LINE’s design ethos draws from both past and future, incorporating the neighborhood’s complex history and embracing its vibrant evolution into twenty-first century San Francisco.

While the Turk side of the building will feature Alfred, a popular coffee shop that will open its third location with the LINE brand, the Market side will be home to a restaurant which includes a bar and outdoor dining space operated by the LINE. In addition to the non-profit Magic Theatre, Serif shares the space with several local businesses.

A confluence of the eclectic, Mid-Market is no longer filled with vacant storefronts, it’s where a new generation of restaurants and bars are cropping up alongside long-standing landmarks of the City’s theater, music and LGBTQ scenes. A short walk from the city’s best – Union Square, the Financial District, SoMa, the Tenderloin, Nob Hill – Serif truly is the middle of everywhere.

SoMa, the Tenderloin, Hayes Valley, Nob Hill, the Mission, Union Square, the Financial District—all are within a short walk of Serif, as are icons such as City Hall and the Ferry Building. Biking is also an option, with four bike-share docks within three blocks. For longer journeys, Powell Street Station, one block away, is a major stop for Bart, Muni, and one of the last remaining cable cars in the city. Numerous buses and the F Market streetcar also pass right in front of Serif.

Serif is located at 960 Market Street. To schedule a visit, book a private tour or to learn more, visit SerifSF.com or call 415-805-8896. San Francisco-based Polaris Pacific, the leading real estate sales and marketing group for new residential communities, is handling the sales and marketing for the building.

About Serif

As part of a mixed-use development in San Francisco’s Mid-Market neighborhood, Serif is a 12-story, 242-residence condominium building, comprised of studios, junior one-bedrooms, and one- and two-bedrooms residences ranging in size from approximately 450 to 1,200 square feet and priced from the low $500,000s. Located on the corner of Market and Turk Street, Serif is designed to complement the energy and eclecticism of Mid-Market while reimaging the architecture of Market Street circa 1905. The bright white, textured facade takes cues from contemporary architecture, while the flatiron design recalls early 20th century San Francisco. The striking architecture is the result of a collaboration between conceptual architect Bjarke Ingels Group, architect of record Handel Architects and interior architect IwamotoScott. Serif provides residents with exclusive access to a wealth of amenities such as a landscaped rooftop solarium equipped with a library and bar, a chef-grade kitchen for private events, a state-of-the-art fitness center, a pet spa, dog run and a 24-hour lobby attendant and building security. Serif will share its space with the sumptuously hip The LINE Hotel, retail and dining experiences, and the legendary Magic Theatre. For more visit, SerifSF.com.

About L37 Partners

L37 prides itself on being a design-oriented and civic-minded real estate developer. No matter how big or small the project, we bring a holistic approach to design that actually builds and revitalizes urban communities. Our projects embrace and highlight the complications of the urban world. We believe serendipitous interactions create dynamic environments; when there are issues to solve, that’s where we find the best opportunities for innovation, entrepreneurship and collaboration.

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Source: https://www.prweb.com/releases/l37_completes_construction_on_serif_part_of_a_mixed_use_development_in_mid_market/prweb18263224.htm

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Lake City’s “Double Barrel Ranch” Listed for Sale by Engel &…

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Double Barrel Ranch: 1628 SW Mandiba Dr. Lake City, FL 32024

Double Barrel Ranch: 1628 SW Mandiba Dr. Lake City, FL 32024

Life at Double Barrel Ranch allows you to enjoy the pleasures of the Midwest, without leaving the beauty of Florida.

Engel & Völkers Florida today announced the listing of Double Barrel Ranch located at 1628 SW Mandiba Dr, in Lake City, Florida. Carrie Cason, License Partner of Engel & Gainesville is representing the listing. The 120 acre property and 13,000 square foot home are offered at $4,995,000.

“Life at Double Barrel Ranch allows you to enjoy the pleasures of the Midwest, without leaving the beauty of Florida,” said Cason. “Lake City is a gateway to neighboring metro areas, so it’s ideal for someone who wants to quickly and frequently escape their city life at a ranch. I’m leveraging all of Engel & Völkers tools to maximize exposure of this prestigious property such as EDGE syndication, print advertising, public relations, digital marketing, and more.”

Double Barrel Ranch was dubbed as such due to its double-sided layout. Inspired by the styles of Big Sky Country, this spectacular six bedroom, six bathroom estate boasts stone accents imported from Montana and reclaimed wood décor. Modern touches include industry-leading appliances throughout the home. The property also contains two barns for livestock and farm equipment.

“In a brief period of time, Carrie and her team of advisors have executed a strategy of utilizing Engel & Völkers tools to secure and sell the most prestigious properties in their area,” said Peter Giese, Chief Growth Officer at Engel & Völkers Florida. “We are thrilled to support their continued exponential growth.”

Double Barrel Ranch is one of the largest properties in North Florida, making its $4.995 listing price quite the bargain. The typical value of homes in Lake City is $183,138, where prices have risen nearly 21 percent over the past year. Located between Jacksonville, Tallahassee, and Gainesville near the intersection of I-10 and I-75, Lake City has long been known as the “gateway to Florida.” Double Barrel Ranch is located within The Oaks of Lake City, a master planned equestrian and lifestyle community located in North Florida. This unique region boasts a temperate climate, noticeable change of seasons and rolling hills. Complete with a community barn and miles of trails, this facility offers a wide variety of equestrian activities. The main barn is also available for large events such as weddings, receptions and more.

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Press contact:

Linzee Werkmeister, Junior Vice President, Marketing & Franchise Support

Email: Linzee.Werkmeister(at)evrealestate.com

Tel: (239) 348-9000

About Engel & Völkers:

Engel & Völkers is a global luxury real estate brand. Founded in Hamburg, Germany in 1977, Engel & Völkers draws on its rich European history to deliver a fresh approach to luxury real estate in the Americas with a focus on creating a personalized client experience at every stage of the home buying or selling process for today’s savvy homeowner. Engel & Völkers currently operates approximately 240 shop locations with 5,000 real estate advisors in the Americas, contributing to the brand’s global network of over 14,000 real estate professionals in more than 30 countries, offering both private and institutional clients a professionally tailored range of luxury services, including real estate and yachting. Committed to exceptional service, Engel & Völkers supports its advisors with an array of premium quality business services; marketing programs and platforms; as well as access to its global network of real estate professionals, property listings and market data. Each brokerage is independently owned and operated. For more information, visit http://www.evrealestate.com.

About Engel & Völkers Florida:

Engel & Völkers Florida is the Master License Partner of the global luxury real estate brand Engel & Völkers in the state of Florida. Recognized for uniquely recruiting, training and equipping some of the top professionals in the real estate industry, Engel & Völkers Florida’s exclusive franchise model positions its license partners at the top of the premium market to gain market share and support their bottom line. The company represents franchise locations in: 30A Beaches, Amelia Island, Belleair, Boca Raton, Bonita Springs-Estero, Cape Coral, Clermont, Delray Beach, Destin, Fort Lauderdale, Fort Myers Downtown, Gainesville, Hollywood Beach, Islamorada, Jacksonville, Jacksonville Beach, Jupiter, Madeira Beach, Marco Island, Melbourne Beachside, Melbourne Central, Melbourne Downtown, Miami Coconut Grove, Neptune Beach, Olde Naples, Orlando, Orlando Downtown, Orlando-Winter Park, Palm Beach, Palm Coast, Ponte Vedra Beach, Sarasota, South Tampa, St. Augustine, St. Pete, St. Pete Beach, Stuart, Tampa Water Street, Venice Downtown, Wellington, and Windermere.

Engel & Völkers Florida is continuing to strategically strengthen and expand its presence in premium real estate markets across the state of Florida. If you would like to know more about the Engel & Völkers brand or how to join its global network—which is known for demonstrating competence, exclusivity and passion, feel free to call our corporate office, located at 633 Tamiami Trl N, Suite 201, Naples, FL 34102 USA. Tel: +1 239-348-9000.

For more information about Engel & Völkers Florida, please visit http://www.florida.evrealestate.com

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Source: https://www.prweb.com/releases/lake_citys_double_barrel_ranch_listed_for_sale_by_engel_volkers_gainesville_for_4_995_million/prweb18268779.htm

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Technology Veteran Joins Synergy to Deliver the Industry’s First Truly…

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Today, Synergy Global Housing (Synergy), a global leader in extended-stay business travel and human mobility program management, announced the hire of Head of Information Technology, serviced accommodation technology veteran Lance Bradwell. Bradwell will report to Synergy co-founder Henry Luebbert and lead the company’s growing 16-person technology team.

“Lance understands the needs of both our guests and our clients and brings a wealth of industry experience and knowledge to his new role,” said Luebbert. “As we sprint to deliver the industry’s first truly live global booking platform in Q1 of 2022, Lance will be hyper-focused on ensuring our technology solutions remain nimble for future adaptation and are fortified to the latest data protection best practices.”

Bradwell joins Synergy after more than two decades with BridgeStreet Global Hospitality, most recently as the company’s Chief Information Officer. Fresh off last month’s announcement of a major investment in industry technology firm Coded, Inc. — by Synergy’s innovation lab, REVE — Bradwell’s hire adds to the growing stable of assets driving the company’s industry-leading technology solutions.

“Our investment in technology looks to find ways to bring efficiencies through automation, instant access to our vast global network of vetted supplier partners, and ultimately make it easier for our clients and guests to use our products and services on a day-to-day basis,” said co-founder Jack Jensky. “While our people will always be at the center of our guest-centric service delivery, we believe technology will exponentially increase their ability to meet the evolving demands of today’s extended-stay business traveler.”

Technology is always a hot-button topic in the serviced accommodation industry as many providers compete to deliver live global apartment availability with instant booking capability.

“I was attracted to join Synergy because out of all the agencies and operators I’ve come across in my two decades in the industry, I believe they have the infrastructure, platform and financial backing to deliver live apartment availability,” said Bradwell. “The company also has a very experienced team in place, and they are building their technology stack the right way with data privacy and protection at the forefront—and it’s an honor to work for two founders with such a passion and vision for the sector.”

Synergy’s data privacy and protection initiatives are led by global information security and infrastructure veteran Mitch Christian, CISSP – CISM. The company recently completed its annual SOC 2 Type II audit, which is available upon request.

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About Synergy Global Housing:

Founded in 1999, Synergy is an international serviced accommodation provider headquartered in San Ramon, CA, delivering a superior hospitality-driven extended-stay experience to the business travel and mobility industries. Providing best-in-class housing and services in over 2,000 cities in more than 85 countries, the company has offices in China, Singapore, India, England, Ireland and multiple locations throughout the United States. Recognized globally, Synergy recent awards include 2021 Corporate Housing Provider of the Year from the Forum for Expatriate Management (FEM); 2021 and 2020 Corporate Housing Provider of the Year from the Corporate Housing Providers Association (CHPA); 2020 Corporate Business of the Year from the Association of Services Apartment Providers (ASAP), and the 2020 Best Service Apartment Provider – Regional/Global award from Relocate Magazine.

Synergy is a member of The Ascott Limited (Ascott), a leading international lodging owner-operator based in Singapore. Spanning more than 190 cities in over 30 countries, Ascott’s serviced residence and hotel brands include Ascott The Residence, The Crest Collection, Somerset, Quest, Citadines, lyf, Préférence, Vertu, Harris, Citadines Connect, Fox, Yello, Fox Lite and POP!. Ascott is a wholly-owned subsidiary of CapitaLand Limited (CapitaLand), one of Asia’s largest diversified real estate groups headquartered and listed in Singapore. Today, the company boasts over 30 years of industry track record and award-winning brands that enjoy recognition worldwide.

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Pacific Workplaces Announces an All Access Pass

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Pacific Workplaces, the San Francisco-based provider of flexible offices and coworking with 18 locations, announces today that it is rolling out an All-Access Pass that gives users the opportunity to use vacant private offices or meeting rooms anytime at any of the 18 Pacific Workplaces locations.

The pass is designed for professionals that might Work-From-Home (WFH), but want to check into a private office close to home to do some concentrated work when the home environment falls short. For each booking, the user will be directed to a vacant office or meeting room available that day, which may differ each time.

Laurent Dhollande, Pacific Workplaces CEO explained: “In this time of diminishing but still high vacancy, this is a good way for us to make our idle assets available to our members, while at the same time helping people move out of their home office when they can’t do it anymore because of the kids, the dog, the roommates, or the lack of infrastructure at home, just to name a few reasons why people use this product. We have already piloted that concept with great success and we are extending the offering to the entire portfolio.”

Amanda Leffew, Director of Marketing for Pacific Workplaces added: “The All Access pass is one of the tools we are using to make people feel comfortable going back to the office, along with the ‘Safe Offices For Vax’d Users’ program. We want to offer our members another inexpensive option to ease their way back to their nearby office. The price for the pass is $269/month, a fraction of the cost of a dedicated private office which often exceeds $1,000/month.

Media Contact:

Kim Seipel

Kim@PacificWorkplaces.com

800-835-3525

About Pacific Workplaces

Pacific Workplaces (PAC for short) are great flexible office and coworking places, with a wide range of part-time and full-time furnished office spaces including virtual offices, private offices, and team rooms, in a shared infrastructure environment, with curated communities that maximize networking opportunities and serendipity. Members have access to safe meeting rooms, coworking areas, business lounges, enterprise-grade internet, VoIP telephony, phone answering services, IT support, and preferential access to a network of 950 vetted touchdown locations worldwide, under a Workplace-as-a-Service™ model. Most of the PAC centers are located in Northern California and all are operated by PBC Management LLC under the Pacific Workplaces and NextSpace brands.

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Source: https://www.prweb.com/releases/pacific_workplaces_announces_an_all_access_pass/prweb18259681.htm

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