Sotheby’s International Realty Affiliates LLC today announced that its independently owned and operated affiliate, Ocean Sotheby’s International Realty in Islamorada, Florida, has acquired Tradewinds International Real Estate. The acquired firm will now operate as Ocean Sotheby’s International Realty.
The acquisition expands Ocean Sotheby’s International Realty into new markets, including Marathon and Key West, while continuing to serve the luxury residential real estate market in Islamorada. With this addition, the firm has now grown to over 30 independent sales associates.
Market Experts Array Pent Up Demand for In-City Homeownership; Downtown Seattle Condo Prices Surge 33%
Representatives of Realogics Sotheby’s International Realty and Burrard Group announced a major milestone in the development of the 41-story NEXUS Condominium Tower today as it begins a vertical ascent towards completion in fall 2019. With excavation now complete, SKANSKA, the general contractor for NEXUS, has poured the foundation mat, which comprised of 3,900 cubic yards of concrete and measures up to twelve feet thick.
Local Leaders in Global Real Estate Position for Further Growth; Expand Operations with Downtown Seattle Annex
Representatives of Realogics Sotheby’s International Realty (RSIR) announced today the appointment of Stacia Smith to Director of Sales / Seattle Branch Manager overseeing approximately 85 licensed brokers in Seattle with plans to double in size by 2020.
“We are elated to welcome Stacia to help lead the next generation of real estate professionals in our Seattle-area offices,” said Dean Jones, President and CEO of RSIR. “Our brokers will greatly benefit from her nearly 30-years of experience in all facets of real estate while programming a caring and collaborative corporate culture within our fast-growing firm.”
According to a recent Geekwire feature, Baidu, the top search engine in the Chinese language, has opened an office the Seattle area as an effort to expand its reach in Artificial Intelligence and Cloud Computing. Situated in downtown Bellevue, the new office reportedly has space to accommodate upwards of 40 engineers within one year, depending on the rate at which they are able to bring top industry workers to the company. The move comes as Baidu continues to expand beyond the bounds of search, “in areas ranging from financial services to artificial intelligence – seeking breakthroughs in computer vision, speech recognition, deep learning and natural language understanding.”
Representatives of Realogics Sotheby’s International Realty (RSIR), ReMax Northwest Realty and Attollo Development jointly announce the commencement of construction and home reservations for The Pinnacle at Alki – an eleven-unit, luxury condominium development located at 1118 Alki Avenue SW in West Seattle. Representatives confirm the boutique community, offered by The 11 @ Alki, LLC, has secured reservations on six of eleven homes and one home received a back-up reservation during a Design Preview Event held on Saturday, October 14th. Several dozen prospective buyers and brokers attended the reception to view floor plans, renderings, preliminary specifications and introductory pricing that ranged from a single one-bedroom plan of 885-sq. ft. and offered from below $800,000 to three-bedroom plans (1,723-sq. ft. to 2,043-sq. ft.) ranging in price from $1,500,000 to more than $2,350,000. Five homes remain for reservation, with presales commencing in November 2017. An Encore Preview Event is scheduled for October 21st (1-4pm) at 2715 1st Avenue in downtown Seattle.
The Pinnacle at Alki Announces Priority Presales Event on October 14th
The meteoric rise in local property prices and the stresses associated with buying in today’s real estate market have been well articulated by the Seattle Times, which followed a home in West Seattle through listing to close, and proclaimed that millennials and some first-time buyers are “coming to grips with the reality that they simply can’t save up quickly enough to match the rise in home costs.” Though the market conditions may seem daunting to potential buyers, brokers say unit reservations and presales offer a much needed relief for those that can plan ahead.
Global Real Estate and Management Leader to Spearhead Sotheby’s International Realty Brand’s Global Growth Plans and Servicing Initiatives
On September 20th, Sotheby’s International Realty Affiliates LLC announced the appointment of Julie Leonhardt LaTorre, global real estate and management professional, as chief operating officer. In this role, LaTorre is responsible for overseeing the global servicing and operations functions for the Sotheby’s International Realty® brand.
Event Sparks a Conversation About Seattle and Bellevue’s Trajectory into 2020 and Beyond
On September 26th more than 400 registered guests joined industry thought leaders during the 2017 “State of the Market” Event held at the Westin Hotel in downtown Seattle. The first panel included Ada Healy of Vulcan Real Estate, Martin Selig of Martin Selig Real Estate and Tom Alberg of Madrona Venture Group and was moderated by John Hempelmann of Cairncross & Hempelmann. The second panel, moderated by Dean Jones, Principal of Realogics, Inc. and CEO of Realogics Sotheby’s International Realty, comprised of Jennifer Foschler of O’Connor Consulting Group; Brenda Gage of JayMarc Homes; Trevor Bennett of Caliber Home Loans; Christian Chan of Burrard Group and Brian Evans of Madrona Financial Advisors.
The Popular Print and Digital Platform Will Distribute Media from The FutureCast Forum; Property Listings
Representatives of Realogics Sotheby’s International Realty (RSIR) and Tiger Oak Media, publisher of Seattle Magazine announced today a new real estate portal to host content in print and online with SeattleMag.com. The exclusive platform will distribute news media from The FutureCast Forum – a collaborative of third-party opinion leaders that explore current and projected market fundamentals influencing the Seattle/Bellevue metro area by 2020 and beyond. It’s founding members and guest columnists will provide timely insights on the state of the economy, commercial and residential development, evolving demographics, wealth management considerations, government policy, lifestyle trends and international influences that are shaping the regional landscape. RSIR will also feature relevant property listings on the new media channel.
Next week, thousands of affiliates from the Sotheby’s International Realty® network will ascend upon Las Vegas for the brand’s annual Global Networking Event (GNE) from September 25th to 27th at the Wynn Las Vegas. Brokers, owners, managers and sales associates will come together at the event for extensive networking and learning opportunities with keynote speeches, breakout panels and cocktail receptions. RSIR is thrilled to share that three members of the firm were invited to speak at the GNE. Dean Jones, Owner and Principal of RSIR will lend his expertise to an Asia Global Alliance panel and a New Development panel, and RSIR brokers Sam Cunningham and Phil Greely will cover Metro Markets and Millennial Trends in Emerging Opportunities, respectively.