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News
Flat-Fee Brokerages Automate Research, Return Thousands to Residential Buyers
9+ hour, 29+ min ago (298+ words) Propmodo TurboHome, an AI-powered residential brokerage launched in late 2024, charges buyers a flat fee at closing and rebates the difference between that fee and the seller-paid commission. On a $1.5 million home with a 3% buyer-agent commission, the company keeps $12,000 and returns…...
Indoor Digital Mapping Expands From Emergency Response to Daily Operations
10+ hour, 4+ min ago (252+ words) Propmodo Frisco, Texas, deployed an indoor mapping system in 2008 to give first responders detailed floor plans and live camera feeds during school emergencies. Known as SAFER, the program runs on Esri’s ArcGIS platform and now covers more than 200 facilities, including…...
Regional Casinos Expand Non-Gaming Revenue as Digital Betting Shifts Customer Base
1+ day, 3+ hour ago (416+ words) Propmodo Casino operators across the U.S. are redesigning properties to emphasize dining, entertainment, and outdoor amenities as younger gamblers shift to digital platforms. Penn Entertainment spent $360 million renovating the Hollywood Casino and Hotel Aurora outside Chicago, adding a food hall, murals…...
Move-In Maintenance Might Be the Most Underutilized Retention Tool in Multifamily
1+ day, 3+ hour ago (950+ words) Propmodo The multifamily industry spends an enormous amount of energy on renewals, and most of that energy gets deployed in the last quarter of a lease term. Renewal offers go out 90 to 120 days before expiration. Pre-renewal surveys get fielded. Retention…...
The Built Environment Will Be the First Place AI Agents Actually Work
4+ day, 6+ hour ago (805+ words) Propmodo The AI trend today is a conversational experience or an advanced co-pilot that suggests, drafts, and waits for you to hit send and that’s especially true in real estate and community management. That can come in the form of…...
Home Builders Struggle to Convert Buyer Interest Into Sales Amid Rate Pressures
4+ day, 6+ hour ago (244+ words) Propmodo Hovnanian Enterprises posted a $1.8 million loss for the three months ended July 31, reversing a $16.6 million profit from the same period last year. Revenue fell 12 percent to $705.7 million as quarterly contracts dropped roughly 4 percent to 1,359 homes. The company cited high…...
Prudential's Asset Arm Targets $3 Billion Home Improvement Loan Portfolio
4+ day, 10+ hour ago (211+ words) Prudential’s Asset Arm Targets $3 Billion Home Improvement Loan Portfolio Propmodo PGIM Credit agreed to acquire up to $3 billion of home improvement loans from GreenSky under a three-year forward flow arrangement. The asset manager will purchase future consumer loans originated by…...
How King's Cross Turned Its Industrial Past Into Its Most Valuable Asset
5+ day, 6+ hour ago (919+ words) How King’s Cross Turned Its Industrial Past Into Its Most Valuable Asset Propmodo Most large-scale urban regeneration projects share a common failure. They deliver the buildings, the infrastructure, and the amenity mix, and they still feel like developments rather than…...
Commercial Buildings Don't Need Cooling Anymore. They Need Thermal Engineering.
5+ day, 12+ hour ago (740+ words) Commercial Buildings Don’t Need Cooling Anymore. They Need Thermal Engineering. Propmodo For most of the modern history of commercial development, HVAC was a category that rewarded standardization. You calculated the load, specified equipment from a catalog, installed it, and moved…...
America's Largest Mall Tests Revenue From Underused Surface Parking
5+ day, 10+ hour ago (197+ words) America’s Largest Mall Tests Revenue From Underused Surface Parking propmodo.com Mall of America will screen three drive-in movies in its North Lot between August and October, charging $25 per vehicle for up to six people. Movies at the Star will…...