Skip to content
Jan 14 21

Wardman Park files for Chapter 11

by Greg Robertson

“All references to Marriott have been removed or taped over in the last couple of days.”

“Wardman Hotel Owner LLC, an affiliate of Pacific Life Insurance Co., has filed for Chapter 11 bankruptcy and has ended its management contract with Marriott International.”

The hill. That huge atrium. The long glass hallway. Waving hi to a friend as you go down the escalator and they are coming up. Long taxi lines. Secret elevators. Hotel room parties. Dancing in the bar. Last call.

Man, if those elevators could talk….

Jan 14 21

WAV Group launches Real Estate M&A advisory group

by Greg Robertson
George Slusser

George Slusser to Head New Real Estate M&A Advisory Division at WAV Group

“George Slusser, one of the real estate industry’s most experienced and well-known valuation experts, will join WAV Group to head its new Mergers and Acquisition Advisory Division.


“George literally wrote the book on real estate M&As,” WAV Group Managing Partner Victor Lund said. Slusser authored the industry best-selling book, Acquiring Profit, which created the foundation for today’s modern M&A industry for U.S. real estate brokerages. “We can honestly say that no one will offer brokers better M&A advice than WAV Group with George on board.

With all the consolidation in the industry it seems like a smart move for brokers to get a sense of what their operations are worth. I have to believe the valuations are pretty high right now.

Jan 13 21

RIP Freddy

by Greg Robertson
Freddy Sarabia

I don’t have the words right now. Freddy was such a gentle and kind person. So damn sad. If I hear anything from the family I’ll post it here. #FUCKCOVID

Jan 12 21

2021 Swanepoel Power 200 list includes 17 MLS executives

by Greg Robertson

It’s that time of year again! T3 Sixty just came out with their Power 200 list. Rich Barton keeps the top spot this year, keeping Gary Keller at number 2 for the second year in a row.

This year I count about 17 MLS Execs makings the list, down one from last year. The vast majority of them moving up in the rankings of the overall Power 200 list.

Bob Hale, CEO of the Houston Association of REALTORS was the highest ranked MLS executive at #26. Art Carter, CEO of CRMLS at #34, up 1 spot from last year, Brian Donnelan, CEO of Bright MLS #58 (big jump from last year #75), Teresa King Kinney, CEO of the Miami Association of REALTORS now in double digits at #74, John DiMichele, CEO of Toronto Real Estate Board #81, Merri Jo Cowen, CEO of Stellar MLS moved up to #96 Rebecca Jensen, CEO of MRED, LLC, also advanced to #98, Kathy Condon, CEO of MLSPIN up to #121, Matt Consalvo, CEO of ARMLS also moves up to #126 , Dionna Hall CEO of Broward, Palm Beaches and St. Lucie Realtors, the nation’s third largest local Realtor association and Beaches MLS up to #128 , Jim Speer CEO of One Key MLS move up to #138, Tom Hurdelbrink, CEO of Northwest Multiple Listing Service #161, Jeremy Crawford, CEO of First Multiple Listing Service #165 , Anne Marie DeCatsye CEO of Canopy Realtor Association and Canopy MLS steady at #179, Emily Chenevert, CEO of Austin Board of REALTORS up to #174, Brad Bjelke CEO of UtahRealEstate.com advances to #175, and Chris Carrillo, CEO of MetroMLS up to #176.

Congrats to everyone!

Jan 11 21

Drone fun

by Greg Robertson

Some of you have been by the W+R Studios offices in Huntington Beach. We bought a drone for my son, Cole, for Christmas. A DJI Mini 2. This weekend the weather was perfect so Cole took some great shots starting from our office to the pier and beach. I added some music to his footage. Hope you enjoy.

Jan 7 21

Yes MLS is now MLS Now

by Greg Robertson

Ohio’s largest MLS rebrands with an eye on consolidation

“The new moniker reflects “its members’ tenacity for action in the present moment,” MLS Now said Wednesday in a press release. The rebranding does not come with operational changes, though the MLS made the announcement with an eye toward future growth. Yes MLS was formed in 2018 when Cleveland area-based Northern Ohio Regional MLS (NORMLS) and Akron-based Centralized Real Estate Information Service (CRIS) dissolved to form a new, consolidated company that would serve 36 counties in Ohio, West Virginia and Pennsylvania.”

If consolidation is what they looking towards, then NOW is the time. See what I did there? 😆

Jan 7 21

Elm Street dials up VoicePad

by Greg Robertson

ELM STREET TECHNOLOGY ACQUIRES VOICEPAD TO EXPAND OFFERINGS AND ACCELERATE GROWTH

“We’re thrilled to welcome VoicePad to the Elm Street Technology team as we look to broaden our platform of integrated real estate technology solutions to help us reach the next stage of our growth,” said Prem Luthra, President and CEO of Elm Street Technology. “Since its founding in 2016, VoicePad has provided high-level service to a robust portfolio of real estate brokerages, brands and professionals.  We look forward to expanding our offerings to our collective audiences.”

The consolidation trend continues. I believe this is Elm Street‘s seventh acquisition. Congrats to Elm Street and the VoicePad teams.

Jan 7 21

Something good

by Greg Robertson

Like everyone else I was pretty shocked about what happen and has been happening in our country. But this year I’m trying to look towards the positive. Here’s the positive I can draw from yesterday.

Republicans and Democratic lawmakers came together
Jon Ossoff, a son of Jewish immigrant became a Senator of the United States of America.
Raphael Warnock became the first black Senator from Georgia
They will join a Catholic President Elect and the first Black and Indian Vice President.
Donald Trump has now committed to a peaceful transition of power.

🇺🇸

Jan 6 21

2021 Swanepoel Trends Report launches.

by Greg Robertson
2021 Trends Report

2021 Swanepoel Trends Report prepares brokers for a year like no other

“The report, available in a digital edition for the first time (including an audio version), explores how brokerages can grow their profits with a focus on ancillary business opportunities and by building a lead-generation and -conversion machine. In addition, it provides an analysis of Covid-19’s impact on the brokerage business now and into the future, how the Clear Cooperation Policy is impacting brokerages and MLSs, insight into the nation’s looming housing affordability challenge, a full picture of the industry’s franchise landscape, how two of the industry’s most powerful companies have instigated and responded to massive industry change, and how the industry can and should become more diverse.”

Just got mine in the mail. The PDF version is a welcome addition and I’m interested to check out the audio version. But I’m old school and prefer the hard copy. It’s an easy $200 dollars to spend on yourself or order multiple copies for your team as I do. Stefan and his crew do a great job with this every year. It will join their RE Almanac that sits at the ready on my desk.

Jan 5 21

Melissa King joins Compass

by Greg Robertson
Melissa King

After working at Stellar MLS for over 10 years, most recently as the VP of MLS Services Melissa King is joining Compass as an Industry Relations Director. She joins Bill Fowler (Sr. IR Director) and recently added Joe Schneider who started at Compass last month after six years at N.A.R.

Melissa knows her stuff and will be working at Compass to manage relationships with RE industry partners, assist expansion efforts in new & existing markets, work closely with legal and product teams on compliance issues, and lobby for policy changes.

Congrats to Melissa and Compass. Hopefully, we will all be together again this year to raise a glass.