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Month: March 2020

Zillow slashes expenses by 25%, cancels revenue guidance

Zillow CEO Richard Barton (Credit: JD Lasica via Flickr, iStock) Zillow Group suspended its full-year revenue guidance and said it would slash expenses by 25 percent to ride out the coronavirus pandemic. The Seattle-based company ...

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  • 23 Mar
  • The Real Deal
  • Uncategorized
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Compass lays off 15% of staff

Robert Reffkin (Credit: Brad Barket/Getty Images for Fast Company) Compass laid off 15 percent of its staff on Monday, The Real Deal has learned. With the economy reeling from the coronavirus pandemic, the Softbank-backed brokerage ...

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  • 23 Mar
  • The Real Deal
  • Uncategorized
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California landlord group calls on members to freeze rents and evictions

California Apartment Association CEO Thomas K. Bannon The California Apartment Assn., the state’s largest landlord representation group, has called for members to freeze rents and halt evictions in response to the coronavirus pandemic. ...

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  • 23 Mar
  • The Real Deal
  • Uncategorized
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Real estate stocks fall despite Fed’s move to expand lending

REIT Stocks Fell Monday (Credit: iStock) Real estate stocks continued to tumble Monday, in some measures performing worse against the broader market, after Congress failed to pass a nearly $2 trillion stimulus package. Markets closed ...

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  • 23 Mar
  • The Real Deal
  • Uncategorized
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Coronavirus-related supply chain delays threaten developers and builders

The Port of Los Angeles (Credit: iStock) The coronavirus pandemic is taking its toll not only on landlords and tenants, but also on developers and the construction firms. The pandemic has slowed global shipping of building materials — ...

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  • 23 Mar
  • The Real Deal
  • Uncategorized
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Deals fall through and agents struggle to sell over coronavirus measures

(Credit: iStock) The coronavirus COVID-19 pandemic has all but completely upended the business of being a real estate agent. Restrictions on large gatherings have put a hold on open houses and many buyers and sellers are understandably ...

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  • 22 Mar
  • The Real Deal
  • Uncategorized
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A 17th century London estate once home to the Queen Mother is on the market for $61M

550 Kings Road (Credit: Google Maps, Wikipedia) A 340-year-old estate in central London is on the market for the first time in two decades. The Stanley House and the acre it sits upon in Chelsea is asking $60.7 million, according to ...

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  • 22 Mar
  • The Real Deal
  • Uncategorized
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Bahamas spread with Jackie-O and Heinz family connections hits market

Jackie Kennedy Onassis and the Bahamas home Jackie Kennedy Onassis’s winter retreat in the Bahamas is on the market. The five-bedroom, five-bathroom villa is listed with Christie’s International Real Estate for $5.5 million, according ...

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  • 22 Mar
  • The Real Deal
  • Uncategorized
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Houston’s office market faces a double whammy from oil turmoil and coronavirus

Houston, Texas (Credit: Unsplash) The Houston office market is bracing for an economic storm. Weakening oil demand and oil prices together with the wider economic downturn caused by the coronavirus COVID-19 pandemic could deal a ...

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  • 21 Mar
  • The Real Deal
  • Uncategorized
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European property markets are at a near standstill over coronavirus

Nantes, France (Photo by Estelle Ruiz/NurPhoto via Getty Images) European real estate markets have all but ground to a halt as the threat grows from the coronavirus COVID-19 pandemic. The pandemic is impacting just about every sector ...

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  • 21 Mar
  • The Real Deal
  • Uncategorized
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