Alex Perriello, the CEO of Realogy Franchise Group (the parent company of Coldwell Banker, Century 21, ERA, Sotheby’s, and Better Homes & Gardens), who used to be my boss’s boss, has an op/ed in yesterday’s New York Times. In it, he proposes a novel solution to the foreclosure crisis: Fortunately, there is a solution. Rather … Read more
Alex Perriello, the CEO of Realogy Franchise Group (the parent company of Coldwell Banker, Century 21, ERA, Sotheby’s, and Better Homes & Gardens), who used to be my boss’s boss, has an op/ed in yesterday’s New York Times. In it, he proposes a novel solution to the foreclosure crisis: Fortunately, there is a solution. Rather … Read more
As reported by Inman News, NAR’s Multiple Listing Issues and Policies Committee has approved a new addition to the Internet Data Exchange (“IDX”) policy as follows: Display of IDX Information by Real Estate Franchise Organizations Participants may provide IDX information to their real estate franchise organizations (“franchisors”) to be indexed for display on franchisors’ websites. For purposes … Read more
(Originally posted on the 7DS Blog) As reported by Inman News, NAR’s Multiple Listing Issues and Policies Committee has approved a new addition to the Internet Data Exchange (“IDX”) policy as follows: Display of IDX Information by Real Estate Franchise Organizations Participants may provide IDX information to their real estate franchise organizations (“franchisors”) to be indexed for display … Read more
Almost a year ago, at a time when various folks in finance and real estate were ready to write eulogies for Realogy, I spent a few posts arguing that the rumors of Realogy’s demise were ahh… premature. My basic point then was that the bondholders of Realogy have very little incentive to push Realogy into … Read more
In the comments section of my post on Alex Perriello’s confidence in denying a bankruptcy for Realogy, a commenter by name of “Still Don’t Agree” raises several very interesting points. And because SDA wasn’t a raving lunatic, but apparently a very smart, very logical, and a calm & measured commentator, I thought it worth using … Read more
I guess because of the recent story on US News.com, there’s been quite a lot of speculation about Realogy going bankrupt. My original post back in November of last year on why I thought Realogy made for a particularly poor bankruptcy candidate is getting rather large amount of traffic, and the comments have been illuminating … Read more
Noah Rosenblatt over at Urbandigs notes potential huge problems over at Realogy (H/T: 4Realz): According to Crain’s “Seven area firms make endangered list“: “The most vulnerable, according to S&P, include Realogy, the Parsippany, N.J.-based owner of such brands as Century 21 and Corcoran Group. The firm, which was taken private last year by Apollo Management … Read more
UPDATE: I have been asked to take this post down by my colleagues at OnBoard, as they feel there is a conflict of interest inherent in a senior member of the executive team writing critically about a current client. While I have my thoughts on that, in this case, I will defer to their judgment. … Read more