Steve Murray, co-founder of RealTrends Consulting, stated that anyone claiming privately owned independent brokerages cannot compete is misinformed. The data indicates otherwise, showing their resilience and success.
Adyen's lease covers the connected fourth floors of 111 and 115 Fifth Avenue, plus the fifth floor at 111, on a 10-year term with an asking rent near $89 per square foot. The contiguous fourth floor plate provides Adyen with a clean, efficient footprint that operates across two addresses without the usual patchwork of split floors and awkward corridors.
Interest in proprietary trading, or prop trading, has grown exponentially in recent years. By 2025, the industry is estimated at $20 billion, with more than 2,000 active firms worldwide, most of them in the United States.
Hal is a rare operator who is both fiercely competitive in business and genuinely empathetic in his relationships, and that combination so perfectly aligns with our values as a company that is growing. With his leadership and deep relationships across the residential ecosystem, Hal is a key player in our mission to capture meaningful market share in 2026.
Our agents now have a community of like-minded investment-curious agents, experienced agent investor professionals and the tools to create their own income and wealth-producing portfolios, Dan Duffy, the CEO of United Real Estate Group, said in a statement. The company said the program is designed to help agents not only boost their income, but also build generational wealth for their families and communities. Due to this, the brokerage said it aligns with its core values of Family, Excellence, Fiscal Responsibility and Seeing Things Differently.
We have mastered the art of onboarding brokerages that are otherwise incredibly gifted and market-share dominant, Duffy said. United's focus is not small-team tuck-ins. It is step-function growth. We're really good at going to 1,000- or 2,000-agent venerable firms and bringing them into the United platform culturally, operationally, financially and technology-wise to accelerate their growth, he said. That growth engine, he argues, is fully referenceable.
The global average building utilization rate dramatically jumped in 2025 to 53%, the highest since before the pandemic, validating the effectiveness of hybrid strategies in driving more in-office activity, according to CBRE. Utilization rates were 38% in 2024 and 35% in 2023, compared to the 65% that most respondents to CBRE's global workplace occupancy benchmarking program identified as their target.