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Only 17 new homes remain at Nobility Crest in Ocean Township

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Only 17 new homes remain at Nobility Crest.

With its premier Jersey Shore address close to beaches, shopping and more, Fried and Vitale appreciate how centrally located the premier, gated community is. “Everything you need is so close to Nobility Crest,” they continued. “We look forward to lots of good times here.”

The countdown begins! Only 17 new homes remain at Nobility Crest in Ocean Township! With nearly 30 closings last month, the time to act is now. Just ask one of many residents who have given rave reviews of the popular 55+ condominium community.

Vivian Fried and Jean Vitale, who purchased a new construction condo at Nobility Crest say that the sales staff makes the process so easy. “They are always there for me,” Fried continues. “My mom has lived here for 15 years and just loves her wonderful friends and neighbors. It’s great being so close to each other in such a beautiful community not far from where we have lived for 50 years.”

With its premier Jersey Shore address close to beaches, shopping and more, Fried and Vitale appreciate how centrally located the premier, gated community is. “Everything you need is so close to Nobility Crest,” they continued. “We look forward to lots of good times here.”

Racielle Lande purchased at Nobility Crest last October. “It has been wonderful,” she says. “All the people I have met have been so friendly and there is never a dull moment. I have to thank Jennifer Cavalluzzi (Sales Manager for Nobility Crest) for all of her efforts to make sure I selected the perfect unit for me!”

For those interested in joining all the happy homeowners at Nobility Crest, Robert Adinolfi, Chief Operating Officer at Renaissance Properties says the last building is projected for move-ins this winter. “Buyers in that building have the opportunity to lock-in a price on their new home at today’s prices and still have time to prepare to market their existing home,” said Adinolfi. For more information, call 732-361-4982 to schedule a one-on-one or virtual appointment. All in-person appointments will follow all state-mandated guidelines to guarantee the safety of staff and future residents.

Nobility Crest features one- and two-bedroom home designs with 1,017 to over 1,700 sq. ft. of living space, priced from $374,990. All homes highlight open living spaces, spacious master suites, and appealing, designer-selected finishes. In addition, each home comes with an assigned parking spot and storage space in a secure, well-lit enclosed garage that enjoys elevator access to and from each floor.

Showcasing a low-maintenance lifestyle with exciting onsite amenities that can be enjoyed year-round, Nobility Crest offers a 4,300 sq. ft. Lifestyle Center with a fitness center, business center, lounge, library, large multi-purpose room, media room, billiard and card rooms. Each of the three new buildings will also add either a club room with billiards, a fitness room or an all-purpose room. For those with furry friends, a new dog park is also onsite.

Following a $1M redesign and renovation of Nobility Crest’s pool and amenity area, residents are spending the summer taking advantage of all that the community has to offer with a beach-entry pool, sundeck, shaded pergolas, barbeque areas, fire pit and more.

Located in a premier location along the Jersey Shore, Nobility Crest puts residents at the center of it all. Nearby shopping includes everything from groceries at Shop Rite just 1.3 miles away to incredible deals on world-famous designer goods at the Jersey Shore Premium Outlets less than three miles away. Need some beach therapy? Make a quick left onto Route 66 and you’ll be at the Asbury Park Beach and Boardwalk in under four miles. The community also offers easy access from both Route 18 and the Garden Parkway.

Nobility Crest is located at 7 Centre Street in Ocean Township. Take Route 66 to Cedar Village Boulevard, enter “0827” on the Call Box for the salesperson to open the gate and make a left on Centre Street. To learn more, visit NobilityCrest55.com or email [email protected] The Sales Center is now open, call 732-361-4982 to schedule an appointment from 10am to 5pm daily.

About Renaissance Properties
Since its creation nearly 30 years ago, Renaissance Properties has evolved from a small real estate brokerage company to a multi-faceted real estate development firm and home builder with over 1,000 new homes and nearly 800,000 square feet of commercial space to its credit. The dedicated team at Renaissance Properties works tirelessly to ensure quality, integrity and customer satisfaction in all its endeavors. With distinctive designs and accommodating layouts, new home buyers and tenants alike are delighted with the product offered by Renaissance Properties. To learn more, visit RenaissanceProp.com.

About Blue Star Group
With over 80 years of combined experience in home building excellence and customer satisfaction, the Blue Star Group, LLC is recognized as one of Staten Island’s foremost builders. Since its inception in 1976, Blue Star has received continual acclaim both from homebuyers and respected industry associations. Blue Star’s standards are set at the highest levels of home design, building materials and craftsmanship to consistently deliver on its promise of bringing the best value to its deserving customers.

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Source: https://www.prweb.com/releases/only_17_new_homes_remain_at_nobility_crest_in_ocean_township/prweb18026720.htm

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Austin-based Fetch Package secures $60M in equity & debt after tripling ARR in 2020

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Fetch Package, a last-mile package delivery company for apartment communities, has raised $50 million in a Series C round of funding and closed on a $10 million venture debt facility.

Michael Patton founded Fetch in May 2016 after being frustrated by having packages lost at the apartment community in which he was living. 

“I took the time to research how communities were handling packages. What I found was that some communities are receiving up to 300 to 400 packages a week and trying to manage that volume manually, adding a significant time burden on the team,” he told TechCrunch. “I knew there had to be a better way and that solution needed to be one that could easily handle the future of package delivery as e-commerce was gaining significant traction.”

Fetch launched its operations in Dallas in February of 2017 with the goal of solving “the package problem” for apartment communities. The startup, which later moved its headquarters to Austin, has seen impressive growth.

By the end of 2017, the SaaS company was servicing approximately 2,000 apartments in the Dallas area. Over the next three years that number grew to almost 150,000 doors being serviced out of 25 warehouses in 15 markets, including Atlanta, Austin, Charlotte, Chicago, Denver, Houston, Orlando, Portland, Phoenix, Arizona and Seattle.

Fetch currently has just over 200,000 doors, or around 700 communities, across the country under contract. It says it works with seven of the top 10 nationally recognized apartment management companies in the country, in addition to “a majority of the largest owners and developers.” Last December, it inked a national preferred vendor agreement with management giant Greystar. Fetch delivered about 3.5 million packages in 2020, and hit the 2.5 million mark for volume in June 2021. The company says it’s currently on track to deliver more than 8 million packages by the end of the year. 

While the company would not disclose hard revenue figures, Patton says it tripled its year-over-year ARR (annual recurring revenue) in 2020 and GAAP revenue grew 6x year-over-year. Over the last two years, Fetch has seen “record sales,” he added, and is on pace to surpass 300,000 units by year’s end. Austin-based Ocelot Capital led its Series C round, which also included participation from Greenpoint Partners, Alpaca VC and Rose Park Advisors. Existing backers Iron Gate Capital, Signal Peak Ventures, Venn Ventures, Pando Ventures and Seamless also put money in the round. 

In addition to the equity raise, Signature Bank provided the company with a $10 million venture debt facility. The latest financing brings Fetch’s total funding to more than $92 million, and triples its valuation from its $18 million Series B raise last August.

Andrew Townsend, managing member at Ocelot Capital, believes that Fetch is “solving for a major bottleneck within the supply chain that is often overlooked.”

“We expect e-commerce delivery volume to continue to grow for the foreseeable future and Fetch is the only scalable solution available to multifamily operators,” he said. 

What makes Fetch stand out, in his view, is that the company can “efficiently” manage the fluctuations in package volume in ways that traditional parcel storage solutions cannot. It also provides apartment residents with the “unique convenience of on-demand doorstep delivery that aligns with the varied schedules of apartment dwellers,” Townsend added.

All packages at Fetch’s client communities are sent to the company’s facilities using a unique code identifier. The company then coordinates scheduled, direct-to-door delivery with residents directly via its app in a time frame that it says “works best for their schedule.”

“This takes the property out of the package management business and provides residents with a convenient amenity,” Patton said.

Fetch works with a mix of W2 employees as well as 1099 contractors to fulfill their service. On the W2 side, Fetch has had a 50% increase in total employees since the middle of last year, with about 350 employees today. This is in addition to the “thousands” of independent contractors/gig economy workers who also serve as drivers in all their markets.

Looking ahead, Fetch will use its new capital primarily to expand into new markets, with plans to launch in South Florida, Philadelphia, San Francisco, Nashville, Minneapolis and a “few other markets” over the next two quarters. Over the next 18 months, the company intends to launch around 20 new markets. The money will also go toward investing in its tech stack and operational infrastructure, Patton said.

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Source: https://techcrunch.com/2021/07/21/austin-based-fetch-secures-60m-in-equity-debt-after-tripling-arr-in-2020/

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Engel & Völkers Florida Reports Successful Second Quarter in…

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Engel & Völkers Florida Reports Successful Second Quarter in 2021

Engel & Völkers Florida Reports Successful Second Quarter in 2021

Our aggressive franchise expansion roadmap, commitment to coaching and accountability programs, innovative systems and tools and unparalleled leadership position us for continued success in 2021 and beyond.

Engel & Völkers Florida today announced its second quarter of 2021 report. The company has seen significant year-over-year increases, a steady stream of transactions at all price points, increased sales volume, growth in advisor count through talent attraction, and continuous franchise expansion.

“Engel & Völkers Florida had an outstanding second quarter as our shops and advisors continue to transform the real estate industry,” said Timo Khammash, Managing Partner of Engel & Völkers Florida. “Our aggressive franchise expansion roadmap, commitment to coaching and accountability programs, innovative systems and tools and unparalleled leadership position us for continued success in 2021 and beyond.”

In the second quarter of 2021, Engel & Völkers Florida reported 1,748 transactions; a 203-percent increase from deals seen in quarter two of 2020. The sales totaled a volume of $1,188,852,186; a 210-percent year-over-year increase. According to Zillow, the typical value of a home in Florida was $297,390, a 15-percent increase over the past year. Our average sales price was $799,610, nearly 169-percent higher than the state average. Year-to-date, the company has generated $2,031,982,848 in revenue.

A 43-percent increase in advisor growth was observed, with 93 professionals changing their brokerage affiliation to join Engel & Völkers shops throughout the state of Florida. Engel & Völkers Florida continues to account for 5-percent of the company’s global network of 14,105 advisors.

Engel & Völkers Florida expanded their reach to include two new shops located in Palm Coast and Ponte Vedra Beach. The Master License Partner now operates a franchise network of 40 locations in Florida, which contributes to the 961 total shop count in 33 countries. Engel & Völkers Florida is continuing its franchise expansion efforts in premium first and second home markets throughout the state, as well as working closely with its existing franchisees to gain additional market share in protected areas.

“Engel & Völkers Florida continues to have exponential growth at a far greater pace then our competitors,” said Peter Giese Chief Growth Officer at Engel & Völkers Florida. “We’re able to do this by attracting full-time real estate advisors that are properly trained submarket specialists who mostly represent listings. I am proud of everyone associated with the brand. We are on target to have 50 shops in the state of Florida by the end of 2021.”

###

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, 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/engel_volkers_florida_reports_successful_second_quarter_in_2021/prweb18083570.htm

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Silvernest and Open Up Collaborate on Homesharing Initiative Designed…

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We believe deeply in the power of homesharing and its positive impact, and collaborating with Open Up allows their team to focus on case management and robust support for those who may need it. We’re here to make the rest of the process easy for everyone.

Silvernest and Open Up are joining forces on a homesharing program that aims to bring more affordable housing options to those living in the Metro Denver area. As part of the relationship, Open Up will use Silvernest’s online platform to match employed renters in career development programs with homeowners who choose to rent out space in their homes.

Working collaboratively, the organizations hope to broaden the adoption of homesharing in the Denver area and help solve community challenges, such as providing an immediate inventory of more desirable, budget-friendly rental housing and heading off homelessness.

Denver’s housing prices are quickly climbing to levels that are significantly higher than before the pandemic, with the monthly rent for a one-bedroom apartment averaging $1,724 — a price that’s out of reach for many area residents. At the same time, one report estimates that there are about 442,000 owner-occupied homes in the metro area that have spare bedrooms.

Through Open Up’s homesharing program, renters benefit by gaining access to housing options that are typically below market rent rates, saving an average of $659 a month. Meanwhile, homeowners are able to leverage their homes to generate supplementary income, as well as reap the satisfaction that comes with supporting their neighbors.

“Open Up is thrilled to bring Silvernest’s world-class platform to our hard-working clients to make finding a safe, stable, and affordable home more easily within reach,” said Andy Lyde, executive director for Open Up. “Together with Silvernest, we are demystifying homesharing in Colorado with an easy-to-use and simple process for finding a great housing match. Now, working Coloradans have more affordable housing options available to them immediately and don’t have to spend over 30% of their paycheck just to live in their preferred location.”

By tapping into Silvernest’s all-in-one homesharing platform, Open Up is able to make its process as simple and straightforward as possible. Open Up clients now have access to the technology tools needed to match with potential housemates based on compatibility, request background screens (sponsored by Open Up), communicate securely without sharing personal details, generate Colorado-specific leases and manage automated payments.

“Silvernest is proud to team up with nonprofits to scale and support their critical work in communities,” said Amy Ford, vice president of strategic partnerships and business development for Silvernest. We believe deeply in the power of homesharing and its positive impact, and collaborating with Open Up allows their team to focus on case management and robust support for those who may need it. We’re here to make the rest of the process easy for everyone.”

Homeowners and renters interested in homesharing through Open Up can get started here: https://info.silvernest.com/open-up.

About Silvernest

Silvernest was created to change how we can live by delivering the many benefits of homesharing (independence, housing choices, financial wellness, powerful social connections) at scale through an all-in-one online homesharing platform. Features include roommate matching via a proprietary compatibility algorithm, in-app messaging and background screens, a lease creator, rent auto-pay, insurance and an online hub of resources and tools. To date, we’ve helped homeowners and renters recognize over $50 million in rent income and savings by homesharing with a compatible roommate. Visit us at http://www.silvernest.com, read our blog and follow us on Facebook and Twitter.

About Open Up

Open Up makes existing shared living space available to people earning between 30% and 50% area median income in Colorado as an affordable housing option. While Colorado is short on affordable housing, it is not short on unused bedrooms. Homeowners earn extra income through sharing their home and our clients save money. Instead of spending a large proportion of their income on rent, in 2020 our clients saved an average of $659 every month living in a homeshare. Visit us at https://letsopenup.org and follow us on Facebook and Instagram.

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Source: https://www.prweb.com/releases/silvernest_and_open_up_collaborate_on_homesharing_initiative_designed_to_create_more_affordable_rental_housing_options_in_denver/prweb18080806.htm

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Commercial real estate lending startup Lev brings in $30M on a $130M valuation

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Commercial real estate has been slow to embrace technology; though it has an addressable financing market of more than $40 billion, putting together a deal is still mostly manual, paper-heavy and complicated.

New York-based Lev is taking on this problem by automating workflows online and gathering hundreds of millions of data points into machine learning software to ensure financing accuracy. To do this, the commercial real estate financing transaction platform raised $30 million to give it a $130 million valuation just two years into its inception.

The latest financing comes four months after the company raised $10 million in seed funding led by NFX. Greenspring led the latest round, with participation from First American Title. Existing investors NFX, Canaan Partners, JLL Spark, Animo Ventures and Ludlow Ventures also joined in to give Lev total investments of more than $34 million, according to Crunchbase data.

Lev founder and CEO Yaakov Zar previously co-founded Boston-based Dispatch, which built tools for home services businesses. It was when he and his wife went through the homebuying process — and their mortgage fell through — that Zar decided to look at real estate financing.

He channeled his frustration into becoming a licensed mortgage loan originator. After relocating to New York, Zar was helping a friend at a nonprofit organization refinance their building and got a firsthand look at what he said was a fragmented commercial real estate mortgage industry.

Companies like Blend are addressing the problem of real estate lending, Zar told TechCrunch, but very few are focusing on commercial real estate, where lending is sensitive to interest rates and total amortization. In addition, property owners have a burden of refinancing every five to 10 years.

“Legacy businesses like JLL, which is an investor, Cushman Wakefield and CBRE work on lending, but they are much more ‘relationship focused’ than tech focused,” Zar said. “We think that it is a necessary part because the deals are so large and complex that you need a relationship for them, but transactions less than $1 billion are pretty straightforward. On experience and product, no one is close to us.”

Initially, Zar and his team wanted to build the “Rocket Mortgage of commercial real estate lending,” but found that to be difficult because real estate brokers are putting together their own pitch books for lenders. Instead, Lev is building a technology platform of more than 5,000 lenders with information on what projects they like to finance. It then analyzes a customer’s portfolio and connects them in minutes with the right lender, taking 1% of the loan amount for each transaction as payment. Lev is also working to be able to close deals online.

Zar wasn’t looking for funding when he was approached by investors, but said he was introduced to some people who liked the company’s growth and trajectory and decided to accept the funding offer.

He intends to use the new funding on product development, with the aim of giving a term sheet in seconds and closing a loan in seven days. Right now it can take a week or two to get the term sheet and 45 to 90 days to close a loan.

The company has about 40 employees currently in its New York headquarters, Miami R&D center, Los Angeles outpost and remotely. Continued investments will be made to expand the team.

Lev grew 10 times in volume in the past year, closing approximately $100 million of loans in 2020. Zar expects to close over $1 billion in 2021.

“Customers come back to us repeatedly, and there are a ton of referrals,” Zar said. “We want to be the platform on which capital market transactions are processed. You need an advantage to network and find great deals. I don’t want to mess with that, but when you find it, bring it to us, we will close it and provide the asset management with the best option to close online and manage the deal from a single platform.”

Meanwhile, Pete Flint, general partner at NFX, told TechCrunch that he got to know the Lev team over the last 18 months, checking in on the company during various stages of the global pandemic, and was impressed at how the company navigated it.

As co-founder of Trulia, he saw firsthand the problems in the real estate industry over search and discovery, but as that problem was being solved, the focus shifted to financing. NFX is also an investor in Tomo and Ribbon, which both focus on residential financing.

Wanting to see what opportunities were on the commercial real estate side, Flint heard Lev’s name come up more and more among brokers and industry insiders.

“As we got to know the Lev team, we recognized that they were the best team out there to solve this problem,” Flint said. “We are also among an amazing group of people complementing the round. The folks that are deep industry insiders will put a helpful lens on strategy and business development opportunities.”

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Source: https://techcrunch.com/2021/07/20/commercial-real-estate-lending-startup-lev-brings-in-30m-on-a-130m-valuation/

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