Who joined forces in the Los Angeles real estate industry in October to help agents up their game, and who’s rolling out new products? Here’s our rundown, in chronological order.
October 14
Coretrust Capital Partners, a private real estate operating company based in Los Angeles, was selected for inclusion in the Scout Program and closed its first fund with a $200 million equity commitment from Scout Fund II, which is managed by Hawkeye Partners. “As we transitioned from closing the TPGI merger in December 2013 to forming our new firm in April 2014, a primary goal was to align with an important capital source,” said Coretrust Managing Principal John Sischo in a statement “We sought an investor that would enable Coretrust to share and leverage its core competencies, deep relationships and diverse access to deal flow that has been forged over two decades of working with one another.”
Coldwell Banker Residential Brokerage has added Updater to its Southern California Concierge Program. “We’ve always been committed to delivering excellent service by going above and beyond for our clients,” said Teresa Howe, Southwest Service Center Regional Vice President of Coldwell Banker Residential Brokerage in Southern California, in a statement. “Our partnership with Updater, in addition to our new website, conciergeservice.com, is an obvious reinforcement of that commitment, with the added benefit of actually simplifying one of the most stressful parts of a real estate transaction — the move.”
October 15
Realty Group International, a luxury real estate network headquartered in Beverly Hills, will now cover the United Arab Emirate markets. “There are some extraordinary opportunities in this region and we believe our experience and relationships will help make this a great success,” said RGI’s CEO, Michael Fiscina, in a statement. “The team of both English and Arabic speakers looks forward to working with the finest properties in the region and providing our clientele with access to luxury properties all over the world as part of the RGI global network of carefully selected affiliates.”
Email partnership announcements to press@inman.com.
