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Zillow Group's (ZG) CEO Spencer Rascoff on Q2 2017 Results

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Zillow Group, Inc. (ZG) Q2 2017 Earnings Conference Call August 08, 2017 17:00 P.M. ET Executives RJ Jones – VP, Investor Relations Spencer Rascoff – CEO Kathleen Philips – CFO Analysts Ronald Josey - JMP Securities Mark Mahaney - RBC Capital Markets Unidentified Analyst - Sli.do © Provided by Seeking Alpha Earnings Call Transcripts Michael Graham - Canaccord Genuity Christian Rice - Needham & Company Hayden Blair - Stephens Inc. Brian Nowak - Morgan Stanley Mark May - Citigroup Lloyd Walmsley - Deutsche Bank Bradley Erickson - KeyBanc Capital Markets Shyam Patil - Susquehanna Financial Group Heath Terry - Goldman Sachs Presentation Operator Good day, ladies and gentlemen, and welcome to the Zillow Group's Second Quarter 2017 Earnings Call . At this time all participants are in a listen-only mode. Later we will conduct a question-and-answer session and instructions will be given at that time. [Operator Instructions]. As a reminder, today's call is being recorded. I wou...

Nickell Rentals Makes Inc.'s List of America’s Fastest Growing Private Companies for Third Year Running

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Inc. magazine  has ranked Nickell Rental No. 217 in construction on its 36th annual Inc. 5000 list of the fastest- growing private companies in America. Overall, Nickell moved up to the #3632 spot, making their name known for the third year in a row on this acclaimed list . Nickell Rental is one of two traditional rental companies on the list including Durante Rentals – fellow members in the ARA – and is following in the footsteps of other well-known companies such as Yelp, Zillow, Microsoft, Linked In and many more that gained their first national exposure as honorees of the Inc. 5000. “Being on the list three years in a row is a surreal achievement,” says Josh Nickell – CEO of Nickell Rental . “It shows we aren’t just a one-hit wonder, but rather a driving force in the industry – and it’s our amazing team that is behind that wheel. We care deeply about the success of the individuals on our team, which spills over into the level of care that we give to our customers.” The 2017 Inc...

Rent control rumored to be driving apartment sales | News

Mountain View's rent- control program has already survived political and legal trials -- but what about the business test? An increasing number of apartment owners appear to be cashing out rather than working under the new restrictions. If the trend continues, some say it will lead to a cascade of redevelopment spearheaded by large corporate buyers . This scenario would result in older apartments being phased out and replaced with new housing that is exempt from rent control. Those looking at the data with a more critical eye point out that sales of apartment buildings are up throughout the South Bay, and that the number of buyers indicates a healthy interest in investing in Mountain View housing , regardless of rent control. To take one example, Fremont residents Ann and Paul Lethers decided in June to sell their 18-unit complex on Del Medio Avenue in Mountain View, which they created from separate purchases of two adjacent nine-unit buildings. They say they h...

Groundbreaking For Luxury Apartments On The Platinum Mile

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HARRISON, NY – A 421- unit luxury rental community is being built on the site of two former office buildings along the I-287 corridor once a mecca for businesses. The apartment building on Corporate Park Drive will have retail on the first floor and an in- building parking garage . Amenities will include a club room, fitness center, kid’s playroom, pet spa, bike lounge, craft room, co-working lounge and pool. The Carraway development is another example of an ongoing trend of repurposing vacant office buildings along Westchester’s Platinum Mile into residential and retail uses, including a fitness center on what was once the site of The Journal News building in Harrison and plans for a Wegmans supermarket on a former office building site on Corporate Park Drive . (For neighborhood news like this, sign up to get Patch’s daily newsletter, news alerts and updates.) Tuesday the developers, Toll Brothers Apartment Living , joined with officials from the Town of Harrison and Westcheste...

Where Millennials Live Alone—and Where They're With Mom and Dad

The kids are not all right—or so the click-bait headlines would lead you to believe. There are countless stories about those flighty millennials who job-hop every year, are crazy-obsessed with their iPhone phablets and shell out too much on  Instagrammable avocado toast or kale smoothies to move out of their parents’ basements and ( gasp !) pay their own rent. There's more than a hint of truth to that last part. About 15% of 25- to 35-year-olds were still crashing with their folks in 2016, according to a  Pew Research study . And that leaves 85% either cramming into apartments with friends or living solo. The young-at- heart data team at realtor.com® decided to dig into these numbers. As it turns out, where millennials are living plays a big role in whether they   are   most likely to live alone, as opposed to with their folks. And there's a lot of variation across the country, we learned. Related Articles "We definitely see a larger percentage of millennials living at...

Vanguard Group is America's new landlord

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Vanguard Group is fast becoming a dominant investor in the U.S. real estate industry . Securities and Exchange Commission reports compiled by Bloomberg show that the company’s mutual funds and exchange-traded funds are now the leading owners of real estate investment trusts (REITs), the tax- protected investor funds that own many of the nation’s offices, shopping centers, apartments, hotels, warehouses, and data and storage centers. Including its indexed stock and REIT-focused funds, Malvern- based Vanguard owns 18 percent of Host Hotels & Resorts, whose portfolio includes Ritz -Carlton, Marriott, and Westin hotels; 15 percent of Simon Property Group , the national mall owner that counts King of Prussia Mall among its holdings; and a similar share of Prologis, the warehouse giant. Locally, Vanguard funds control 16 percent each of Brandywine Realty Trust , which owns a majority of Center City’s highest buildings; Liberty Property Trust ...

Nashville Apartment Locator Doubles Sales Opportunities using Omniquo’s AI based Sales & Marketing Software

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SUNNYVALE, CALIFORNIA, USA, August 23, 2017 /EINPresswire.com/ -- Real estate brokers make money when they sell and lease real property .  If it were only that easy!  A sale has always required qualifying large numbers of prospects. When it comes to qualifying potential sales and leasing leads that call in to the brokerage, brokers have had two options in the past.  They can qualify those leads themselves, which takes up valuable time when they really should be in the field selling, or they can hire a real estate assistant to qualify the incoming leads .  Even highly motivated real estate assistants find qualifying incoming leads an exhausting and boring chore.  Omniquo’s industry leading artificial intelligence (AI) based product OMNIQ solves this problem. OmniIQ creates virtual assistant that works on your sales agent’s behalf by engaging with the prospects. The virtual assistant will contact, engage with, and qualify potential clients . It is able to understand and respond ...