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Month: November 2019

WeWork execs face first lawsuit over botched IPO

Softbank CEO Masayoshi Son and former WeWork CEO Adam Neumann (Credit: Getty Images, iStock) Shareholder litigation against WeWork’s major players has begun. Co-founder Adam Neumann, SoftBank head Masayoshi Son and board members of the ...

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  • 08 Nov
  • The Real Deal
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Rockwood and Artisan make another NoHo office play

From left: Mark R. Laderman, Collin R. Komae, Walter P. Schmidt, and Christopher Peatross, with the $30 million office building bought by Rockwood and Artisan A joint venture of Rockwood Capital and Artisan Realty Partners teamed up to ...

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  • 08 Nov
  • The Real Deal
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Zillow tries out a closing-services platform

(Credit: iStock) In an effort to become a one-stop shop for home buying and selling, Zillow is testing a closing-services platform in an undisclosed number of markets. The new platform will work in tandem with the company’s buying and ...

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  • 08 Nov
  • The Real Deal
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Amenity insanity in LA luxe condo market

Los Angeles Luxury Condo Market Amenities (Credit: iStock) When developer Richard Lewis closed on $21 million for a condo in Emaar Properties’ Beverly West this July, the dwelling came with notable accoutrements –gym, concierge ...

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  • 08 Nov
  • The Real Deal
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Realtor.com’s parent eyeing the mortgage business

News Corporation founder Rupert Murdoch and CEO Robert Thomson (Credit: Getty Images, iStock) UPDATED Friday November 8, 2019, 10:49 a.m.: Side businesses may be coming to Realtor.com. The site’s parent company Move Inc. will be moving ...

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  • 08 Nov
  • The Real Deal
  • Uncategorized
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Real estate data firm Reonomy hauls in $60M

Reonomy CEO Rich Sarkis (Credit: Reonomy, iStock) New York–based real estate data firm Reonomy has raised another $60 million. The company, which provides information on close to 50 million properties across the U.S., said Thursday ...

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  • 08 Nov
  • The Real Deal
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Has Compass eased recruiting?

Since 2012, Compass’ aggressive hiring of top agents from rival firms has stung competitors (Credit: iStock) After getting pummeled by Compass’ aggressive recruiting, Realogy Holdings says its rival is letting up. Four months after ...

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  • 07 Nov
  • The Real Deal
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Zillow iBuying revenue soars — but losses mount

Zillow’s Rich Barton (Credit: iStock) Zillow’s revenue doubled to a record $745.2 million during the third quarter, driven by its year-old iBuying program. For the first time since the Seattle-based company launched an instant ...

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  • 07 Nov
  • The Real Deal
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Berkshire vice chair’s family moves to demolish landmark building

William Harold Borthwick, Charlie Munger, and the Barry Building (Credit: Adrian Scott Fine/L.A. Conservancy) For years, Berkshire Hathaway Vice Chairman and billionaire Charles Munger tried to demolish a landmark Brentwood building in ...

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  • 07 Nov
  • The Real Deal
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Brokerage Side raises $35M for national expansion

Paul Levine of Sapphire Ventures and Guy Gal UPDATED: November 7, 4:50 p.m.: Side, a VC-backed brokerage that provides white-label tools to agents who run their own businesses, has raised $35 million to fuel its national expansion. The ...

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  • 07 Nov
  • The Real Deal
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