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Month: February 2020

Airbnb, once profitable, lost $322M in 9 months

Airbnb CEO Brian Chesky (Credit: Getty Images, Airbnb) Airbnb lost hundreds of millions of dollars last year as the home-sharing business attempted to address widespread safety and security issues on its platform. The news comes as ...

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  • 11 Feb
  • The Real Deal
  • Uncategorized
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CoStar discussing $500M takeover of apartment finder RentPath

From left: RentPath CEO Marc Lefar and CoStar CEO Andy Florance (Credit: CoStar via YouTube) CoStar Group is in talks to acquire a troubled apartment listing firm for close to $500 million. The discussions to acquire RentPath — the ...

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  • 11 Feb
  • The Real Deal
  • Uncategorized
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England’s broker fee ban offers clues on the impact NYC’s version could have 

UK’s former Chancellor of the Exchequer Phillip Hammond (Credit: iStock, Getty Images) New York City real estate players are scrambling to understand the implications of the ban on tenant-paid rental broker fees, a week after the ...

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  • 11 Feb
  • The Real Deal
  • Uncategorized
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JLL still riding revenue wave after HFF acquisition

  JLL President and CEO Christian Ulbrich & JLL Global Chief Financial Officer Stephanie Plaines (Credit: iStock, JLL) UPDATED, Feb. 11, 2 p.m.: JLL has continued to ride the revenue wave since its mid-year merger with HFF. ...

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  • 11 Feb
  • The Real Deal
  • Uncategorized
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Canadian real estate agent among thousands stuck on coronavirus cruise ship

Kim Hamaura Phillips (inset) and the Diamond Princess cruise ship (Credit: Facebook and Getty Images) A Canadian real estate agent has been describing her experience as a passenger on the Diamond Princess, a 2,500-passenger cruise ship ...

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  • 11 Feb
  • The Real Deal
  • Uncategorized
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Forget the Forever 21 auction: Simon Property Group, Brookfield to buy retailer

Forever 21 cancels auction (Credit: Getty Images) In the end, Forever 21 had no choice. The retailer agreed to an offer of $81 million from a group of buyers including Simon Property nGroup and Brookfield Property Partners, the Wall ...

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  • 10 Feb
  • The Real Deal
  • Uncategorized
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Affordable housing developer proposes 73-unit complex in San Fernando Valley

Former Gov. Jerry Brown, who in 2018 signed a bill meant to expedite construction of supportive housing units; and 8767 N. Parthenia Place. California lawmakers and voters have approved a flurry of programs in the last few years to ...

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  • 10 Feb
  • The Real Deal
  • Uncategorized
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US mortgage rates hit 3-year low

The 30-year fixed-rate average fell to 3.45 percent (Credit: iStock) Mortgage rates have hit their lowest level in more than three years, which could provide a boost to the country’s housing market heading into spring. The 30-year ...

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  • 10 Feb
  • The Real Deal
  • Uncategorized
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WeWork’s Marcelo Claure promises profitability, talks SoftBank shakeup

WeWork’s Marcelo Claure with activist investor Paul Singer (left) and Softbank CEO Masayoshi Son (right) (Credit: Getty Images) Marcelo Claure said WeWork’s new plan for profitability makes the firm a good investment for SoftBank, but ...

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  • 10 Feb
  • The Real Deal
  • Uncategorized
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Leaving LA: Here’s where Angelenos want to live outside the city

The top destinations for L.A. residents looking to leave the city are San Diego, Phoenix and Las Vegas, according to Redfin.  Where do Angelenos who are looking to move out look to land? The top three destinations for prospective ...

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  • 10 Feb
  • The Real Deal
  • Uncategorized
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