Browse Author: noscope

There Could Be A Potent Combination A Booming Commercial Real Estate Market In New York If They Paired With Town Residential

A recent review of New York City luxury real estate market reports by the website know as the Real Deal revealed some very interesting information about commercial and residential real estate for the burrows of Brooklyn and the expensive burrow of Manhattan. The commercial data for the burrows of Manhattan and Brooklyn were especially interesting in the article which can be found here. There was also some interesting data under the commercial category for New York City in its entirety. There was a 97% jump in the dollar volume from August to September. This can likely be attributed to the the myriad of multifamily sales. The total of multi-family sales totaled approximately $1.7 billion. This is an insane amount of money, which goes to show the growing value of real estate market and its reach in New York.

Office leasing has also been huge business in New York as of late, and the numbers the Real Deal has been reporting on New York City commercial real estate would blow most normal people’s concept of money and expenses into orbit. Almost 22 million square feet of business space was leased during a good portion of the year up until this fall. Manhattan’s vacancy rate was steady at 8.9 percent in quarter 3, and the standard asking rent rose to about $71 for every square foot. It is safe to say retail and other forms of commercial real estate are making a huge comeback in New York City financially.

Town Residential’s real estate management and consultant firms are more than able to help interpret, act as mediators and even handle the sales themselves. The knowledge this firm possesses for both residential and commercial transactions can’t be matched. They take a hand-on approach no matter what pricing structure the client uses in order to ensure satisfaction to all of their clients. The members of the firm who happen to assist in transactions have no equals in the field of real estate transactions, and their knowledge is truly unmatched.

Town Residential has used a winning formula combined with a unique approach used by its expert employees in residential transactions, but they have also learned to adapt and formulate a style for commercial transactions. The formula for the commercial transactions is just as impressive as the firms residential transaction. There has always been a great deal of care give to transaction whether they are commercial or residential.

Kheradpir’s Road to Coriant

Shaygan Kheradpir is a very educated executive. He earned his B.A., M.A. and PhD. in engineering all at Cornell University. He is today oozing with leadership wisdom experience. To date, he has more than 28 years of experience as an executive in a variety of industries. He began his successful business journey once his education was completed. His most successful, society-altering position came early last decade when GTE named him EVP and CIO of the new Verizon Communications. He soon became the top executive and drove the new company to become the top telecommunications company in world history.

After several future-transforming years, he left Verizon in very good standing to join the team of London-based bank, Barclays, as its Chief Operation and Technology Officer. Not surprisingly, he was soon promoted to the bank’s top executive branch where he was named the bank’s first technology executive. He was charged with leading the technological aspects and the customer service in the company’s many branches throughout 50 countries. He was recently named the CEO of optical transport vendor, Coriant.

The executive was with Juniper Networks until 2014. While working there, he aided Marlin Equity Partners as a major consultant. In this role, he helped lead the company as its Operating Executive. The executives at Marlin were so impressed with his obvious top-notch leadership skills that they named him the CEO, their new acquisition. His appointment is not only acceptable to all at Marlin Equity. They are absolutely delighted that they have landed on the good fortune of acquiring such an esteemed and experienced executive.

All are also very confident that he will take the company to before inconceivable heights of success. As he assumed this top role, Kheradpir replaced Rami Rahim who became the company’s vice president. Coriant currently has a role of around 500 customers in more than 100 countries and annual revenues of over $1 billion. Kheradpir is up for the task of not only managing all of this, but increasing it. Although Kheradpir is more than up for the task, it will still be very difficult in a marketplace with so many top competitors in the exact same field.

The New Gondola Being Planned By Andy Wirth

 

Andy Wirth has been a successful manager of Squaw Valley ski area in California. However, the company that manages Squaw Valley manages Alpine Meadows ski area. Now, Andy Wirth is planning to connect the two areas. This will effectively merge the two large ski areas, giving skiers the opportunity to go from one to the other with ease.

The resorts will be linked by a gondola, which guests to either resort will be able to ride. Andy Wirth and the team that is working on this plan has not yet decided whether the new gondola will start at the base or slightly up on the mountain. The reason for this is that snow cover may not be deep and stable enough to have the gondola run from the base. However, in either case, it will make it possible for people to go back and forth between the resorts with ease.

Andy Wirth has been in the ski management industry for decades. Prior to managing Squaw Valley, he also worked with the management of Steamboat Springs ski resort. He was involved with the management for over 20 years. This has given him a great deal of experience knowing what works and what doesn’t.

It wasn’t until 2010 that he began to work with Squaw Valley. However, he has been successful at managing the resort during the years that he has worked with them as the CEO. He has done a lot of work to improve the resort for guests to the ski area, and he has successfully acquired the funding for these projects. The addition of the gondola connecting the resort with Alpine Meadows will be one of the greatest achievements of his career. It is even possible that he will have turned his ski resort into the biggest ski area of the contiguous 48 states.

Andy Wirth has had a very successful career as a manager of ski areas. He has greatly improved Squaw Valley into what it is today. Now, he may be on the verge of making an incredible improvement to the ski mountain.

Handy Proves There Is A Need For Home Service Platform By Raising $50 Million More In Funding

Home service startups have been met with plenty of challenges, and many of the challenges have proven to be too much. Many have found themselves collapsing under the logistics and the pressure of creating a home service platform that works. Handy however, an app that helps connect customers with tradespeople that can provide needed services is not facing the same problems. While they admit that there are challenges within the industry, they have been able to circumvent them so far and announced that they have been able to raise another $50 million to help expand the reach of their business.

The money was raised under the lead of Fidelity Management as part of a Series C round that also involved other previous investors of Handy including Revolution Growth, General Catalyst, Highland Capital, and TPG Growth. The new round of funding means that Handy has now raised about $111 million and although Handy will not comment on their business valuation, experts believe it would have to be around the $500 million mark.

The company was founded by Oisin Hanrahan the current CEO of Handy and its COO Umang Dua along with Ignacio Leonhardt and Weina Scott who have since left the company. It was launched in 2012 and since then has completed more than 100 million bookings according to Hanrahan. On demand services on the rise right now as customers want to be able to find just about anything they need on their smartphone. Therefore, it only makes sense that having a platform to find help for home services could blossom.

Hanrahan stated that the company wants to offer customers a great experience and want to make it easier for pros to use the platform so that both sides walk out of the arraignment satisfied. He also added that at the moment about 80% of all jobs are home cleaning services, but they want to encourage more tradespeople to get online so that customers can find all trade services online via the helpful tool.

Right now Handy is in 28 markets and with the new round of funding Hanrahan wants to invest more into these markets to help grow membership numbers. Cities include many major US cities as well as a few international markets such as London. As these grow Handy also has its eye on further expansion to open up its platform to a wider base of customers and professionals.