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Brown Harris Stevens launches global broker network

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Brown Harris Stevens launches global broker network
30 firms are promoting each others’ listings
New York /
Bess Freedman and Hall Willkie
After Brown Harris Stevens was unceremoniously dumped by Christie s last year, the luxury brokerage found itself without an international partner for the first time in 30 years. So co-president Hall Willkie cracked open his Rolodex.
Six months later, he s rounded up 30 brokerages around the globe that have agreed to promote each others listings online — without the fees or marketing costs associated with other affiliation agreements. The initiative went live in late December.
The unique part is that for each listing, the contact is the listing broker themselves, said Willkie, adding that there are no meetings, no dues and no referral fees — just exposure to buyers and sellers. It s a service we provide to our partners and they to us.
So far, the group of 30 firms includes BHS, Hilton Hyland Real Estate in Beverly Hills, Daniel Féau in Paris and London s Strutt Parker, among others. Willkie estimates the group will include 45 by the end of the year.
Over the past decade, nearly every residential firm in New York has buddied up with an international player — such as Leslie J. Garfield and London-based Beauchamp Estates; Stribling Associates and Savills; Douglas Elliman and Knight Frank; and Corcoran Group an[……]

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Hotel union: Airbnb removes thousands of apartments from rental market

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Hotel union: Airbnb removes thousands of apartments from rental market
New study funded by Hotel Trades Council accuses startup of gentrifying neighborhoods
New York /
Bedford-Stuyvesant (Credit: Airbnb)
A new report, funded by the Hotel Trades Council, claims that Airbnb removed between 7,000 and 13,500 apartments from the long-term rental market in the last three years.
The report states that Airbnb hosts are driving up rent and contributing to the city s housing shortage, Politico reported. The analysis is based on data from September 2014 to August 2017.
The study notes that many of the apartments removed from the long-term rental market are in neighborhoods that are expected to see a surge in new development, like East New York. Bedford-Stuyvesant is another popular neighborhood. The report points out that these areas are predominately occupied by black residents, but the Airbnb hosts profiting off the neighborhood are mostly white.
A representative for Airbnb noted that properties rent for a median of 47 nights per year in the city.
What that signals and what we believe is that most folks in New York are using it as an occasional source of supplemental income, the representative told Politico. That unit is not being lost to the long-term rental market. It s being used.
Meanwhile, the city has continued to crackdown on landlords accused[……]

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