South Florida Tech HubSouth Florida Tech Hub
18
Apr, 2024

By Nikki Cabus

The 6% Commission Era Ends – Homebourse is changing the game for real estate sales

Read Time 4 Minutes
Following the recent announcement of the demise of the 6% commission standard in home purchase transactions, Homebourse, a game-changing platform has emerged right here in South Florida.
In light of the National Association of Realtors’ groundbreaking settlement, eliminating rules on commissions, the real estate sales landscape is rapidly evolving. With the abolishment of this long standing practice, a window of opportunity has opened for alternative models in selling real estate, prompting a seismic shift in the market. This news comes amongst the midst of one of Florida’s rapid population growth and a robust supply of new housing units. The new era of real estate is here – enter Miami-based Homebourse.

Homebourse is a cutting-edge click-and-buy marketplace set to revolutionize how developers market and sell their new developments. The company is bringing the convenience of online shopping to the world of property acquisition by empowering developers and agents to market and sell pre-construction properties and new developments online globally. Without the need to travel across the globe, Homebourse enables buyers to experience the entire buying process, from browsing listings to closing deals. With the power of Homebourse, buyers can now purchase new construction properties with the ease and convenience akin to shopping online on platforms like Amazon.

As the Florida real estate market continues to propel the state’s economy, investors turned their attention to the best real estate investment cities within the Sunshine State. With the median property price pegged at $625,492 in 2023 and an average cash on cash return for long-term rentals at 4.04%, the appeal for investing in real estate here is clear. Driven by rapid population growth and a robust supply of new housing units, Florida’s housing markets are experiencing a demand surge, making it an attractive hotspot for real estate investors seeking sustained growth.

In this competitive landscape, certain cities in Florida stand out as the best places to invest in real estate, offering unique advantages from cultural vibrancy to waterfront luxury. According to Homebourse, the top 10 prime locations that promise high returns for real estate investors are Sarasota, Tampa, Orlando, Jacksonville, Ft. Lauderdale, Gainesville, Ft. Myers, St. Petersburg, Vero Beach, and Tallahassee.

In such a hot marker for real estate, Homebourse is changing the game for developers. Homebourse offers a suite of features including a customizable AI Agent, electronic offer and counteroffer management, e-signing, payment management, marketing solutions, and streamlining the sales process entirely online. This platform empowers developers to reach global markets and enhance buyer satisfaction with a seamless purchasing experience.

“It’s about time the real estate industry underwent a digital transformation,” said Istvan Fehervari, CEO and Founder of Homebourse. “We want to streamline buyers’ home buying process while helping developers embrace the tech revolution and access global audiences.” 

Homebourse allows developers’ sales teams to showcase and sell their pre-construction and new developments online in a simple, streamlined process. It empowers developers and agents to market and sell pre-construction properties and new developments online globally. Without the need to travel across the globe, Homebourse enables buyers to experience the entire buying process, from browsing listings to closing deals. Homebourse introduces the future of real estate.

By integrating Homebourse into their sales toolkit, developers and their agents gain a unique blend of a listing platform and tech-powered marketing services for their projects. At the same time, buyers can experience the entire buying process online, from browsing listings to signing legal documents and managing payments. Homebourse makes remote and overseas transactions more user-friendly, helping developers tap into international purchasing power. 

With Homebourse, developers get a branded Project Page under a unique subdomain (projectname.homebourse.com) showcasing available inventory, project information, and much more. It brings the in-person experience online, offering 3D tours and live video tours, with buyers receiving project-specific information and general information about the location and market delivered by Homebourse’s AI Agent and customer support team. The AI Agent is trained to provide detailed information about the project and converse with potential buyers. This AI Agent aims to facilitate searches, drive sales, and seamlessly connect users with realtors. 

For large-scale projects, Homebourse offers to create fully customized websites, leveraging the ecosystem’s capabilities. This allows brands to showcase their distinctiveness and exclusivity with all of Homebourse’s innovative features. 

For buyers, Homebourse provides a convenient way to browse and shop for properties. In its one-stop-shop platform, buyers can seamlessly discover, research, and purchase properties online. Homebourse ensures streamlined transactions with a full mortgage origination stack.

Homebourse elevates the pre-construction and new development sales experience for buyers and developers, bringing real estate sales to the digital age. 

For more information, please visit www.homebourse.com. 

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17
Jul, 2023

By Nikki Cabus

New real estate tech platform DASH has launched in South Florida

Read Time 3 Minutes

DASH just announced the launch of its exclusive online platform created exclusively for licensed residential agents.

The platform gives agents access to verified and current development marketing materials, data and insights in a single user-friendly platform for a low monthly fee. DASH’s new platform provides a universally desired solution to the universally acknowledged problem of property discovery and identifying accurate developer content. Unlike other property platforms on the market, DASH is built specifically to help residential real estate agents find and share new development inventory data, so they can focus on what they do best — selling real estate.

The platform’s pilot market is launching in the South Florida tri-county area in July with plans to expand into the nation’s top 10 markets within the next 30 months. This user-friendly tool ensures reliable communication, transparency, and accuracy while helping agents focus on what matters most to them: Sales. DASH is destined to become the “go-to source” for new development updates and information. It provides perfectly formatted marketing materials (photos, renderings, floorplans, brochures, graphics) that can be efficiently accessed and shared anywhere, anytime, under the agents’ personal branding. DASH subscribers will have a competitive advantage by dramatically reducing research and discovery time, allowing them to realize greater sales at a faster pace.

DASH was created by industry veteran Len Dugow, who has over thirty years of experience in the real estate industry, leading branding and marketing strategies that have resulted in more than $40 billion in residential real estate sales for some of the most prominent developers and brokerage firms across the nation.

“In today’s rapidly changing markets, particularly in regions experiencing soaring demand like South Florida, it is more important than ever for agents to have access to reliable information,” said DASH Founder and CEO Len Dugow. “The current system is ‘old fashioned’ causing agents many hours of wasted time chasing information that’s inaccurate, along with compromising their professional reputations. With this innovative tool, sales teams can work more efficiently and effectively than ever before to communicate with developers and provide their prospects with information they can count on to close deals.”

DASH provides market-ready, developer-approved content at agents’ fingertips. It showcases a wealth of exclusive developer inventory, spanning pre-and new construction and all developer inventory of condos, hotel condos, penthouses, townhomes and single-family communities. Three years in development, DASH is the product of a true collaboration with a network of the nation’s top residential developers, brokerages and agents. Douglas Elliman, Compass, Corcoran, Related, BH3, One World Properties, BHS, ONE Sotheby’s Realty, Zeckendorf, Oak Capital and Swire Properties, among many others, came together to provide their insights and feedback.

Len Dugow’s innovative ideas have revolutionized how developers, brokerage, and agents collaborate in major markets such as New York City, South Florida, California and beyond, paving the way for a new era of efficiency and success. With DASH, his latest venture, the industry is about to experience a transformative shift towards a more future-forward approach to residential real estate sales.

DASH is a revolutionary PropTech platform that provides a one-stop solution for licensed residential real estate agents’ marketing needs. The dual revenue SaaS company has the most comprehensive database of developer-approved, project-specific content and inventory that is perfectly formatted to be efficiently shared on all channels — anywhere, anytime. Designed to streamline and maximize efficiency and day-to-day processes, DASH is a user-friendly platform that ensures effective communication, reliability and transparency between agents, developers and their on-site brokerage. The platform enhances the process of project research, discovery and information gathering to help produce more sales.

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05
Feb, 2023

By Nikki Cabus

CP Group announces 17,786 sf of new flexible office suites in Boca Raton, includes a leading VC firm

Read Time 4 Minutes

CP Group, the largest office landlord in Florida and prominent owner-operator of office properties throughout the Sunbelt, today announced five new leasing agreements at Two Town Center — a 145,344-square-foot, 11-floor Class A office tower in Boca Raton, FL.

This leasing momentum includes five new tenants which will occupy 17,786 sf of newly constructed flexible office suites developed at the building as part of CP Group’s flexible workspace offering, worCPlaces.

The new tenants include:

  • Related Fund Management, a national real estate and credit investment management firm.
  • RRE Ventures, a leading venture capital firm represented by John Criddle with CBRE.
  • BMO Harris Bank, a national investment banking company represented by Bob Schneiderman of Colliers of Florida.
  • Cordoba Legal Group, a Boca Raton-based law firm represented by Mark Rubin and Jake Stauber of Colliers of Florida.
  • The Praedium Group, a real estate investment firm focused on middle-market, underperforming, and undervalued assets. They were represented by Richard Shay Coker of Douglas Elliman.

One notable new tenant is RRE Ventures, an early-stage venture capital firm headquartered in New York City focused on investing in tech enabled ventures.

Harvard Business School classmates, Stuart Ellman and James D. Robinson IV, founded RRE Ventures in 1994 with Robinson’s father, James D. Robinson III, former Chairman and CEO of American Express Company from 1977 to 1993.

RRE Ventures primarily invests in seed, series A and series B rounds and focuses on companies operating in the software, internet, communications, aerospace, robotics, 3D printing and financial services sectors.

According to General Partner, Jason Black, in a September 2022 RRE blog post, “RRE Ventures has been a leading venture capital firm in New York with nearly $2.5B under management and +400 portfolio companies. With over 25 IPOs and dozens of trade sales through the years, there is a lot going on at any given time.”

“Recent well-known companies include Datadog, Venmo, Braintree, DCG, Noom, Kindbody, Spring Health, Olo, and BuzzFeed, among many other category-defining businesses. We pride ourselves not only on investing in great entrepreneurs and delivering stellar returns to our LPs but also on being supportive partners to our portfolio companies and active members of the venture community.”

Since it’s inception, RRE Ventures has been seeking out and partnering with extraordinary entrepreneurs who seek to disrupt and transform industries using technology. The company has often been on the forefront of new innovations and industry-leading investments such as their first crypto investment in 2013.

Although RRE invest across the United States and in select overseas geographies, they view New York’s burgeoning innovation economy as critically important to the creation of the next wave of large technology companies. They have been one of New York Metro regions most active investors. Now, they are bringing their expertise, connections, and funding to South Florida.

South Florida, specifically Boca Raton, has been one of the most sought out areas in the region for new office space for investors, real estate and law firms, and finance companies. The CP Group is already underway on construction of another full floor of spec suites, which will deliver six more suites ranging from 1,714 to 3,212 square feet. Construction is expected to be completed by summer 2023.

“This leasing momentum is proof of the high demand for next-generation, flexible work environments in today’s office market,” said John Osborne, Senior Vice President at CP Group.

“We’re proud to bring worCPlaces to the Boca Raton market to meet the changing needs of premier tenants like these and look forward to offering them first class amenities on and off-site, including the nearly completing Restaurant Row adjacent to the building.”

Restaurant Row, Boca Raton’s first ever restaurant-driven complex initially designed by CP Group and later sold to PEBB Enterprises, sits directly in front of Two Town Center, and is expected to open this year. The four-restaurant complex will include El Camino, Pubbelly Sushi, Fiolina Pasta House, and Shabibi, a Lebanese-inspired eatery from chef and “Hell’s Kitchen” runner-up Ralph Pagano.

Two Town Center is one of the market’s tallest buildings and offers sweeping views of Boca Raton. It boasts a newly renovated lobby and common areas, along with floor-to-ceiling windows, a full-time Tenant Services Coordinator, an incoming café, and covered parking. The building is also WELL Health-Safety Rated.

The property’s prime location in Boca Raton offers tenants immediate access to I-95 and the city’s business corridor. Adjacent to the renowned Town Center Mall, Glades Plaza, Boca Center, and incoming Restaurant Row, the property is within walking distance to dozens of restaurants, hotels, and boutiques.

To learn more about the property, visit twotowncenterboca.com

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The 6% Commission Era Ends – Homebourse is changing the game for real estate sales
New real estate tech platform DASH has launched in South Florida
CP Group announces 17,786 sf of new flexible office suites in Boca Raton, includes a leading VC firm