Headline and Article from the NY Times:
This was their National Perspectives article.
a new type of real estate market. A former securities trader, Mr. Hickey envisioned a separate property exchange where sellers could market their properties directly to builders without having to pay a full sales commission or go through the charade of house showings.
Hence the creation of Xchange Properties, a real estate company specializing solely in teardowns.
In some communities where Xchange operates, the redevelopment value of teardown properties is triple the sale price of the land and existing house, according to an analysis conducted ....
Xchange Properties website: http://xchangeproperties.com/