Poised to strike

Article Abstract:

Insignia Financial Group Chairman President and Chief Executive Officer Andrew Farkas purchased a 60% share of CAGISA in 1997 because he felt the Italian property management business will grow by 500% in the near future. Farkas has continued his expansion plans by also purchasing Richard Ellis UK. Insignia has grown rapidly from its inception in 1990. The company consists of 60 different property management firms holding a portfolio of 300,000 units, mostly in the residential market. Farkas has also experienced business failure when, in the late 1980s, he was almost made bankrupt.

Real Estate Management, Activities Related to Real Estate, Officials and employees, Interview, Executives, Company Profile, Real estate management firms, Insignia Financial Group Inc., Farkas, Andrew

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Step into the 21st century

Article Abstract:

Half of all US property agents have computers connected to the Internet, with 89% viewing the Web as a method of improving business. Some industry experts point out the Internet is a good way to advertise properties and it can also be used to reduce time spent on finalizing deals. Whilst others suggest it is cheaper than many other advertising outlets. Some property agencies are using the RealBid Web site to market investment properties. Canadian estate agents Royal LePage found 3.4 million people visited their Web site, during March 1998.

Advertising, Advertising and Related Services, United States, Management, Usage, Canada, Internet, Real estate industry, Advertising services

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Bidding to conquer Europe

Article Abstract:

Auction sales in the style of those which take place in the UK are to be held by Allsop and Co in Madrid, Spain, for unfinished developments, repossessed sites and holiday homes. The company is undertaking this venture in partnership with the Spanish unit of Ernst and Young. The lots are likely to be worth up to 4 million pounds sterling. The venture is also planning to expand into Germany and France.

Foreign operations, Real estate agents and brokers, Allsop and Co.

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