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Month: December 2019

SoftBank-funded construction startup Katerra promised a tech revolution. It’s struggling to deliver.

(Illustration by Tim Peacock) In an email to employees last week, Katerra CEO Michael Marks had a few uplifting thoughts on the year gone by. His startup, which seeks to transform the $12 trillion global construction industry through ...

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  • 16 Dec
  • The Real Deal
  • Uncategorized
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Meet the financial backers behind WeWork’s rise and fall

Former WeWork CEO Adam Neumann (Credit: Getty Images and iStock) It was only after WeWork pulled its IPO and Adam Neumann’s ouster that one of the company’s board members took a stance. Former Goldman Sachs partner Mark Schwartz ...

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  • 16 Dec
  • The Real Deal
  • Uncategorized
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Everyone’s rushing to be an iBuyer — except for Realtor.com

News Corp. CEO Robert Thomson (Credit: Getty Images, iStock) It was February 2019 when Zillow co-founder Rich Barton reclaimed the CEO role in dramatic fashion, betting the future of the $8 billion company on instant home-buying. In ...

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  • 16 Dec
  • The Real Deal
  • Uncategorized
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Why New Yorkers, Californians and others pay so much rent

The U.S. homeownership rate peaked in 2005 at 69.1% and has been falling since Residential rents in the U.S. increased in 2019 as did the number of tenants, pushing America’s total rent bill to $512 billion, according to a new research ...

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  • 13 Dec
  • The Real Deal
  • Uncategorized
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Coming soon: The Real Deal’s Best of 2019

With a brand new year rapidly approaching, The Real Deal is taking a closer look at the notable commercial, development and residential deals of 2019. We’re revealing the most expensive home sales of the year, the top hotel trades, the ...

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  • 13 Dec
  • The Real Deal
  • Uncategorized
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How Amazon became the leasing king of e-commerce

Amazon leases nearly 154 million square feet of warehouse space compared to the 4 million square feet it owns (Credit: iStock) In a four-story, concrete warehouse on Staten Island, 2,000 workers and hundreds of highly specialized ...

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  • 13 Dec
  • The Real Deal
  • Uncategorized
  •  1

The $100M club: LA’s priciest mansions are having a moment

Four homes have been bought for a combined $400 million recently in L.A. (Credit: iStock, Wikipedia, and Westside Estate Agency) This spring, luxury brokers tasked with selling the priciest homes in Los Angeles had cause for concern. A ...

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  • 13 Dec
  • The Real Deal
  • Uncategorized
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Small Talk: How to survive and thrive during Real Estate Holiday Party Season

It is officially Real Estate Holiday Party Season. Here’s how to make sure you win it. (Credit: iStock) Congratulations on successfully making it to another round of Real Estate Holiday Party Season, a very special time of year when ...

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  • 13 Dec
  • The Real Deal
  • Uncategorized
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Compass SoCal boss Nick Segal steps down

From left: Mark McLaughlin and Nick Segal (Credit: Wikimedia Commons, Pacific Union) Nick Segal is stepping down as co-president of Compass’s Southern California division after 16 months on the job, The Real Deal has learned. Segal, ...

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  • 12 Dec
  • The Real Deal
  • Uncategorized
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Rexford Industrial adds to LA portfolio with $100M in acquisitions

From left: Howard Schwimmer and Michael S. Frankel, with 1601 W. Mission Boulevard and 2757 E. Del Amo Boulevard (Credit: Google Maps) Rexford Industrial Realty has added to its Los Angeles area buying binge in 2019 with two new ...

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  • 12 Dec
  • The Real Deal
  • Uncategorized
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