Engel & Völkers majority stake acquired by global private equity firm Permira

Financial details of the transaction were not disclosed, but the Völkers family, as well as CEO Sven Odia and CFO Thilo von Trotha, will maintain nearly 40 percent of the company’s shares. Continue reading

New Adwerx product leverages motion graphics in online listing ads

Advertising company Adwerx announced the launch of Adwerx Motion, an HTML5-based offering that displays animated ads for agents and brokerages and their listings. Continue reading

Black agent and client handcuffed during home showing in Michigan

A Black real estate agent in Wyoming, Michigan, was showing a home to a client and his 15-year-old son, who are also Black, when police arrived on the scene and placed all three of them in handcuffs. Continue reading

Americans get comfy with digital transactions: report

A new report from Notarize shows that 81 percent of people in the U.S. feel safe making financial transactions online Continue reading

Ken Dunn, co-founder of Rainier Companies, dies in plane crash

The co-founder of a Dallas-based real estate investment firm with a $1.6 billion portfolio died last week in a plane crash, his company said. Continue reading

Lone Wolf extends shopping spree with Terradatum acquisition

In most recent acquisition, Lone Wolf Technologies picked up Terradatum to integrate its predictive analytics software with Lone Wolf Broker Cloud, an enterprise-level solution available throughout North America. Continue reading

@properties scores its biggest franchise yet

Plat Collective in Indianapolis will be the Chicago-based brokerage’s fourth franchise. The firm has 114 agents and is on track to do $650 million in sales volume this year. Continue reading

Prefab homebuilder Plant Prefab rakes in $30M in financing

The company also announced it has opened a second factory in Ontario, California, and is working on a third factory, which will be its first automated facility, capable of building homes 20 to 50 percent faster than traditional methods. Continue reading

Related Companies latest real estate company to require vaccinations

The New York City-based firm’s 4,000 employees will have until August 31 to get their first coronavirus vaccination shot or be fired. Continue reading

Imaging startup Planitar launches tech tool to assess home damage

The new iGUIDE Radix uses Planitar’s existing imaging system but is designed to cater to the needs of insurance and restoration professionals. Continue reading