tech transformation
Issue 105 - October 14th, 2022
We announced some exciting news last week at Pinnacle Realty Advisors, but in addition to this news, we were also named to this list of “275+ Real Estate Technology Companies Transforming Today’s Housing Market” that is published by Thomvest Ventures.
The list includes companies attacking various parts of the transaction ecosystem, and it just shows you how much opportunity there is in this industry to improve the transaction process for every single person and business involved.
We have a long way to go to reach the goals we are striving for to become an industry leading brokerage platform, but I am proud of our team of close to 20 employees now in cities all over the world (full remote and cloud-based company) working to make Pinnacle Realty Advisors an industry defining company in short order.
We are expanding into new markets soon, and we have unveiled a new website recently that continues to be updated with information as we keep marching ahead. If you are an agent interested in learning more about our platform, please reach out to our team or myself directly!
Check out our website HERE
Follow me on Twitter HERE to stay updated with our progress, and always reach out to say hello!
Newsworthy Links To Share
Robert Toll, founder of nationwide home builder Toll Brothers, passed away at the age of 81. The former lawyer sold his first newly built home in 1967 for just $17,500.
As of Q2, Austin, TX leads the nation in office job growth. According to Avison Young, 8.5 MSF of office space are currently being developed.
Nau's Enfield Drug closing in Austin's Clarksville neighborhood after decades of business
It's official: Wells Fargo to build regional campus in Irving (Dallas Business Journal)
There’s a New Menace Stalking Suburbia. Meet the McBasement: Limits on above-ground mansion sizes lead to mammoth grottos with tennis courts and whiskey-tasting rooms. Beverly Hills pushes back: `Violence against the land’ (WSJ)
Warehouses Get a Makeover as Companies Seek to Appeal to Workers:Retailers and distributors are looking for their newest warehouses to do more than store goods these days. Companies including outdoor goods retailer Recreational Equipment Inc. and drug distributor McKesson Corp. are adding features such as natural light, automation aimed at easing work burdens and fitness centers and outdoor work areas to make the industrial sites more inviting as they compete to recruit and retain workers in a tight job market. (WSJ)
Dallas hospitality: Partners Group and Trinity Investments just inked a deal with Marriott International (MAR) to convert the Four Seasons Dallas into The Ritz-Carlton Las Colinas by 2024. (CRE Daily)
CrowdStreet, an Austin-based real estate investing platform, raised $28 million in funding.
“For the second time this year, flat-fee start-up brokerage Homie is laying off a swath of employees. This time, its chief executive is also departing from the role. Homie co-founder Johnny Hanna announced his departure during a tech conference near Salt Lake City last week, Inman confirmed. The departure was first reported by Axios. The former chief executive cited the “turmoil” that’s upended the market in recent years, including sky-high interest rates that, along with early signs of a recession, spell “an uphill battle” for the industry.” (The Real Deal)
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