Premier Real Estate Brokerage Introduces First-of-Its-Kind, AI-Powered App for Agents , /PRNewswire/ -- Douglas Elliman Inc. (NYSE: DOUG), one of the largest residential real estate brokerages in the country with the highest national average sales price, today announced the launch of Elli AI, a first-of-its-kind AI-assistant app for the firm's agents. Elli AI will launch initially in Florida before rolling out nationally in 2026 for the brokerage's 6,600 agents in markets across the U.S. "AI is revolution ...

Core Viewpoint - The company has rebranded from Yoshiharu Global Co. to Vestand Inc., reflecting its strategic shift towards an asset-backed growth model that integrates a corporate-level Crypto Treasury strategy with real estate investments [1][2]. Group 1: Corporate Transformation - The new identity as Vestand signifies the company's evolution from a traditional restaurant operator to a diversified platform focused on long-term, asset-based growth [2]. - Starting September 3, 2025, the company's common stock will trade under the new ticker symbol "VSTD" on the Nasdaq Capital Market, with no action required from existing shareholders [2]. Group 2: Crypto Treasury Strategy - Vestand is set to implement a corporate Crypto Treasury strategy that positions digital assets as a core component of its capital structure, aiming to combine stable shareholder returns with the growth potential of digital assets [3]. - The company plans to collaborate with a leading U.S. investment bank to enhance access to global institutional investor networks and build a significant Crypto Treasury portfolio through a phased approach [4]. Group 3: Real Estate Integration - Alongside the Crypto Treasury strategy, Vestand is expanding its real estate portfolio with capital from U.S. and Korean investors, aiming to integrate PropTech initiatives with its Crypto Treasury strategy through Security Token Offering (STO) structures [5]. - This dual approach is designed to balance stable cash flows from real estate with growth opportunities in digital assets [5]. Group 4: Governance and Internal Controls - Under the leadership of its CEO and CFO, Vestand has established a robust internal control framework to enhance transparency, accountability, and regulatory compliance, aligning governance standards with those expected by global institutional investors [6]. Group 5: Leadership Vision - The CEO of Vestand, Ji-Won Kim, emphasized that the new name represents the vision to create a growth platform that combines tangible assets with a corporate Crypto Treasury strategy [7]. - The company is committed to building a balanced portfolio centered on Crypto Treasury, supported by real estate assets for stability and diversification, aiming to deliver long-term value to global capital markets and shareholders [8]. Group 6: Future Outlook - Looking ahead, Vestand plans to continue expanding its restaurant business while pursuing asset-backed growth driven by its Crypto Treasury and real estate strategies, reinforcing its mission to create sustainable value [9].

Core Insights - Douglas Elliman Inc. has expanded its presence in Western Florida by welcoming The Schemmel Soda Group to its Sarasota office, enhancing its luxury real estate offerings in the region [1][6] Group 1: Company Expansion - The Schemmel Soda Group, previously with Premier Sotheby's International Realty, is led by Joel Schemmel and Donna Soda, along with agents Sharon Chiodi and Patti Tebo [1] - This team has been recognized as the 1 team in Sarasota and Manatee Counties since 2019 and ranked among the Top 100 Agents and Teams Worldwide for Sotheby's International Realty from 2021 to 2025 [2] Group 2: Leadership and Expertise - Joel Schemmel, an attorney and former CPA, is noted for his extensive knowledge of Sarasota real estate and has consistently ranked in the top 1% of REALTORS® in the area since 2008 [3] - Donna Soda brings decades of experience and is known for her exceptional market knowledge and client service, particularly in the Greater Lakewood Ranch area [4] Group 3: Strategic Benefits - The partnership with Douglas Elliman is seen as a strategic win, providing the Schemmel Soda Group with enhanced global reach and marketing capabilities while maintaining a personalized service approach [4][6] - The team aims to leverage Douglas Elliman's resources to better serve clients and the community, emphasizing their commitment to integrity and results [5]

Core Insights - La Rosa Holdings Corp. reported a 22% year-over-year increase in revenue for Q2 2025, reaching $23.2 million compared to $19.1 million in Q2 2024 [1][5] - The company's residential real estate services revenue grew by 24% in Q2 2025, amounting to $19.7 million, up from $15.9 million in the same quarter of 2024 [4][5] - The CEO highlighted the potential for further growth due to easing mortgage rates and improving inventory levels in the housing market [4] Q2 2025 Financial Highlights - Total revenue for Q2 2025 was $23.2 million, a 22% increase from $19.1 million in Q2 2024 [5] - Residential real estate services revenue increased by approximately $3.9 million to $19.7 million, representing a 24% growth [5] - Property management revenue rose by approximately $326 thousand to $3.1 million, a 12% increase [5] - Gross profit for Q2 2025 was $1.9 million, up 17% from $1.6 million in Q2 2024 [5] H1 2025 Financial Highlights - Total revenue for the first half of 2025 reached $40.7 million, a 27% increase from $32.1 million in H1 2024 [5] - Residential real estate services revenue for H1 2025 grew by approximately $7.9 million to $34.0 million, a 30% increase [5] - Gross profit for the first half of 2025 was $3.4 million, a 23% increase from $2.7 million in H1 2024 [5] Operational Insights - As of July 31, 2025, La Rosa's agent network expanded to over 3,100 agents in the U.S. [4] - The company operates 26 corporate-owned brokerage offices across several states and has begun its expansion into Europe, starting with Spain [12] - La Rosa's flexible brokerage model attracts top-producing agents through competitive compensation and additional income opportunities [4][10]

Core Insights - Cloudastructure, Inc. has been recognized with the "Project Management Solution of the Year" award for its Alpha™ platform at the 5th Annual PropTech Breakthrough Awards, highlighting its innovative contributions to the real estate technology sector [1][7]. Company Overview - Cloudastructure specializes in AI Surveillance and Remote Guarding, offering a scalable cloud-based security platform that integrates advanced AI/ML analytics with remote guarding solutions [9]. - The company aims to provide proactive, end-to-end security solutions that significantly reduce the total cost of ownership by up to 75% compared to other systems [9]. Product Features - Alpha™ is a solar-powered, fully autonomous AI mobile surveillance trailer designed for rapid deployment and effective crime deterrence across various environments, including construction sites and storage facilities [2][4]. - Key features of Alpha™ include: - 3 HD PTZ cameras on a 27-foot mast - 24/7 live streaming capability - 450-foot infrared detection range, which is twice the industry-leading range - Advanced AI-driven analytics for enhanced threat detection [6]. Industry Context - The PropTech sector is transforming real estate by delivering greater efficiency, transparency, and sustainability through innovative technologies [7]. - The annual PropTech Breakthrough Awards program aims to recognize and inspire innovation within the industry, evaluating thousands of nominations to highlight leading technology companies and solutions [8].

Core Insights - SIMPPLE Australia Pty Ltd, a subsidiary of SIMPPLE Ltd., has successfully deployed the largest fleet of autonomous cleaning robots in New Zealand's retirement living sector in partnership with Mode Technology [1][3] - The robots are operational in over 80 facilities, utilizing advanced sensors and AI for efficient navigation and cleaning, thereby enhancing hygiene and reducing labor for staff [2][3] Company Overview - SIMPPLE Ltd. is headquartered in Singapore and specializes in advanced technology solutions within the PropTech space, focusing on autonomous facility management [4] - The company has established a strong presence in Singapore, serving over 60 clients across public and private sectors, and is expanding into Australia and the Middle East [4] Partnership and Impact - The collaboration with Mode Technology, initiated in November 2024, aims to create cleaner and safer environments for residents in retirement living facilities [3] - The deployment of these cleaning robots is expected to transform the cleaning processes in retirement living, improving hygiene and enhancing resident experiences [3][5]

Core Insights - Douglas Elliman reported a 5% year-over-year decline in revenue for Q2 2025, totaling $271.4 million compared to $285.8 million in Q2 2024 [1][5] - The company experienced a significant increase in net loss, reaching $22.7 million, with a diluted loss per share of $0.27 [6] - Adjusted EBITDA swung from a positive $2.9 million in the prior year to a negative $(0.8) million, indicating underlying operational challenges [6][12] Financial Performance - Revenue for Q2 2025 was $271.4 million, down from $285.8 million in Q2 2024, reflecting a 5% decrease [2][5] - Gross Transaction Value (GTV) decreased to $10.2 billion from $10.6 billion, a decline of 3.8% year-over-year [2][7] - The number of transactions fell to 5,530 from 5,885, although the average price per transaction remained strong at $1.84 million [7][11] Profitability Metrics - Net loss expanded to $22.7 million, with an adjusted net loss of $4.7 million compared to $0.5 million in the prior year [6][11] - Adjusted EPS (Non-GAAP, Diluted) was $(0.06), a deterioration from $(0.01) in Q2 2024, reflecting a 500% increase in losses [2][6] - Operating expenses remained high, with real estate agent commissions at $204.6 million and sales and marketing expenses at $20.1 million [9][10] Business Strategy and Focus - The company aims to strengthen its luxury brand and expand in growth markets while leveraging property technology (PropTech) [4][11] - Management emphasized the importance of maintaining a trusted reputation and attracting top-tier agents to drive transaction volume [4][11] - There were no updates on agent recruitment, new office openings, or PropTech rollouts during the quarter [11][12] Future Outlook - Management did not provide specific forward guidance for revenue or earnings for the remainder of fiscal 2025 [12] - The focus remains on long-term value creation and investments in core markets and technology, but without clear financial targets for the second half of the year [12][13] - Future results will depend on market dynamics and the company's ability to convert its brand strength into transaction growth [13]

Core Insights - Douglas Elliman Real Estate has launched Elliman Capital, an in-house mortgage platform aimed at simplifying the home financing process for both traditional and non-traditional borrowers [1][2] - The platform will initially be available in Florida, with plans for expansion to all states where Douglas Elliman operates [1][3] Company Overview - Douglas Elliman Inc. is one of the largest residential brokerage companies in the United States, with operations in multiple states including New York, Florida, California, and Texas [5] - The company is also involved in early-stage property technology solutions and offers various real estate services [5] Product Offering - Elliman Capital provides a wide range of loan products, including conventional loans, jumbo loans, construction loans, investment property financing, bridge loans, commercial lending, second home mortgages, FHA loans, VA loans, and USDA loans [2][4] - The platform is designed to cater to diverse borrower needs, including self-employed individuals, investors, and foreign nationals [2][3] Technology and Process - The new mortgage platform incorporates advanced technology to streamline the mortgage application and approval process, allowing agents to track loan progress and receive real-time updates [4][6] - This integration aims to enhance the overall client experience from property search to closing [4] Competitive Advantage - Douglas Elliman's established reputation for luxury service and market expertise positions Elliman Capital to become a significant player in the residential lending market [4] - The company leverages strong lender relationships to offer competitive rates and optimal terms for clients [6]

Company Overview - Yoshiharu Global Co. is transitioning to a new name, "Vestand, Inc.", to reflect its evolution from a restaurant operator to a diversified brand that includes real estate development and digital asset ventures [1][2][3] - The company currently operates 15 restaurants specializing in Japanese ramen and has gained recognition in Southern California and Las Vegas since its debut in 2016 [6] Strategic Initiatives - The name change and rebranding to Vestand is part of a strategic initiative to position the company as a leading player in the U.S. PropTech market, focusing on real estate investments and digital assets [3][5] - A strategic Memorandum of Understanding (MOU) has been signed with Good Mood Studio, a real estate firm known for over 1,400 successful property flips, to accelerate real estate initiatives [4] Market Outlook - The U.S. real estate market is characterized by stability and strong demand, with significant long-term appreciation potential [5] - Technological advancements such as tokenization platforms, AI-based property analysis, and virtual transactions are enhancing efficiency, access, and liquidity in the real estate market [5]

Core Insights - Yoshiharu Global Co. is entering the U.S. real estate market to diversify its growth engines beyond its traditional ramen business [1][4] - The company has signed a strategic MOU with Good Mood Studio and plans to invest approximately $2 million for a 10% stake in Wealthrail, a real estate tokenization platform [2][3] - The U.S. real estate market is viewed as the largest and most attractive globally, with plans to position Yoshiharu as a leading PropTech player [4] Company Overview - Yoshiharu specializes in authentic Japanese ramen and has expanded to operate 15 restaurants across Southern California and Las Vegas since its debut in 2016 [5]