Month: March 2021

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Robert Reffkin (Getty, Securities and Exchange Commission) On the verge of going public, Compass disclosed it earned $3.7 billion in revenue last year but lost $270 million, according to an investor prospectus it filed Monday. The IPO filing, known as a form S-1, provides the clearest look into the financials of the company, which is…

U.S. mall values fall 60% after appraisals

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Many of the lower-tier malls that will be sold will likely be redeveloped into something else. (Getty) The suburban mall that you frequented as a teenager could now be worth substantially less than the dirt underneath it. U.S. mall values declined 60 percent due to appraisals in 2020, according to an analysis by Bloomberg News.…

CoStar ups its bid to acquire CoreLogic

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Photo illustration of CoStar Group CEO Andrew Florance (iStock, Getty/Illustration by Kevin Rebong for The Real Deal) The fight for the future of CoreLogic continues. CoStar Group upped its offer to acquire the real estate data company to $97 per share, an increase over its most recent offer of $95.76 per share, Bloomberg News…

“Stuck With U” songwriter drops $13M for Beverly Hills manse

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Freddy Wexler and his new Beverly Hills home. (Getty, Jade Mills Estates) Songwriter Freddy Wexler is the new owner of an 8,155-square-foot mansion in Beverly Hills Flats. The 34-year-old paid $12.8 million for the nine-bedroom, 8.5 bathroom home, according to Dirt. The property totals just over an acre — a typical size in Beverly Hills…

Construction spending hits new record in January

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Homebuilding is largely responsible for the increase in construction spending. (Getty / Photo Illustration for The Real Deal) U.S. construction spending reached the highest level on record last month as both local and federal governments began loosening the purse strings. Spending hit a seasonally adjusted annual estimated rate of $1.5 trillion across all sectors last…

Westside apartment portfolio fetches $73M

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