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Month: April 2019

Knotel in talks for roughly $200M Series C funding round: sources

Knotel CEO Amol Sarva Flexible-office startup Knotel is in talks for a roughly $200 million Series C funding round, according to sources. The Kuwait Investment Authority is said to be one of the main investors in discussions for the ...

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  • 24 Apr
  • The Real Deal
  • Uncategorized
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Riding a wave of demand, First Industrial profits rise in Q1

First Industrial President and CEO Peter Baccile Benefiting from a booming national industrial real estate market, First Industrial Realty Trust saw its earnings rise in the first quarter. The Chicago-based industrial REIT reported net ...

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  • 24 Apr
  • The Real Deal
  • Uncategorized
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These REITs could get hit by the rent control craze sweeping the country

Equity Residential CEO Mark Parrell (Credit: iStock) As roughly a dozen states pursue rent control measures, the proposals are raising concerns for publicly-traded landlords. Equity Residential, AvalonBay Communities and Essex Property ...

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  • 24 Apr
  • The Real Deal
  • Uncategorized
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These are the tallest towers underway in NYC

With New York City’s ever-changing skyline, The Real Deal compiled a list of the top 10 tallest projects currently in the works in the five boroughs. Four of the top 10 buildings under construction or recently topped out were located ...

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  • 24 Apr
  • The Real Deal
  • Uncategorized
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Leaving the Golden State? Kevin Durant just listed his Malibu home

Kevin Durant and the home in Malibu (Credit: 31504 Victoria Point Road) Speculation continues over where Golden State Warriors’ superstar Kevin Durant will play next season, but one thing is for sure, he doesn’t want to live in Malibu. ...

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  • 23 Apr
  • The Real Deal
  • Uncategorized
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Compass doesn’t know how it will turn a profit off slate of new services

Compass COO Maëlle Gavet and CEO Robert Reffkin (Credit: Getty Images and iStock) Even at a $4.4 billion valuation, Compass still has no plan to reach profitability. “We’re not yet at a stage where I have a very clear monetization ...

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  • 23 Apr
  • The Real Deal
  • Uncategorized
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Jamison moves in new direction with plans to build Koreatown hotel

Jamison Services CEO Jaime Lee and the Harvard Boulevard development site Jamison has been one of Koreatown’s most active office and multifamily landlords and developers, but its latest move points in a new direction. Jamison filed ...

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  • 23 Apr
  • The Real Deal
  • Uncategorized
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CoStar reports 20% revenue jump in Q1

CoStar CEO Andy Florance (Credit: Getty Images and iStock) CoStar Group’s revenue jumped 20 percent year over year during the first quarter, reaching $328 million — due in part to strong results from its residential listings platform. ...

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  • 23 Apr
  • The Real Deal
  • Uncategorized
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Sales of new homes skyrocketed in March. Sales of existing homes, not so much.

New home sales in the country hit a 16-month high (Credit: iStock) March was a good month for sales of new homes but not such a good month for sales of existing homes. New home sales in the country hit a 16-month high, increasing by ...

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  • 23 Apr
  • The Real Deal
  • Uncategorized
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Exeter Property buys massive industrial site in hot Inland Empire

Ben Hoog, leasing and acquisitions for Exeter Property Group, and the site at 6227 Cajon Boulevard Exeter Property Group has closed on the latest big industrial sale in Inland Empire, an area that has led the way in that space ...

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  • 23 Apr
  • The Real Deal
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