Groupon’s entire HQ is now up for sublease

Groupon CEO Aaron Cooper and 600 West Chicago Avenue (Linkedin, Sterling Bay)
Groupon CEO Aaron Cooper and 600 West Chicago Avenue (Linkedin, Sterling Bay)
Groupon’s entire HQ is now up for sublease

Redfin revenue grows as it races to hire more agents

Glenn Kelman (Randy Stewart via Flickr)
Redfin revenue grows as it races to hire more agents

Fry’s Electronics, go-to for high tech pros, closes forever

(iStock)
Fry’s Electronics, go-to for high tech pros, closes forever

Powell sees new opportunity to reform low-income lending rule

Jerome Powell (Getty)
Powell sees new opportunity to reform low-income lending rule

Churchill Downs looks to sell 326-acre Arlington Park race track

(Arlington Park, Google Maps)
Churchill Downs looks to sell 326-acre Arlington Park race track

Latest News

Airbnb CEO Brian Chesky (Getty)
National

Airbnb’s losses balloon to $4.6B in 2020

Despite the luster of its eye-popping IPO, Airbnb reported a $4.6 billion net loss in 2020 in its first earnings report as a public company. The hospitality startup, which is banking on a travel...

Airbnb’s losses balloon to $4.6B in 2020
Groupon CEO Aaron Cooper and 600 West Chicago Avenue (Linkedin, Sterling Bay)

Groupon’s entire HQ is now up for sublease

The first sign of real trouble for the once thriving Chicago office market came last May, when Groupon decided...

Groupon’s entire HQ is now up for sublease
(IStock illustration by Kevin Rebong)
National Issue

Smaller cities look to cash in on shift to remote work

Taylor Allen said her life after college was a “little bit nomadic,” as she moved from Virginia to China...

Smaller cities look to cash in on shift to remote work
Barry Sternlicht (Getty, Starwood, iStock)
National

Starwood Property Trust’s Q4 earnings fall 38%

Barry Sternlicht was in such a good mood during Starwood’s earnings call on Thursday that he joked he was...

Starwood Property Trust’s Q4 earnings fall 38%
Greta Guggenheim (Getty)
National

TPG RE Finance CEO Greta Guggenheim stepping down

The head of TPG Real Estate Finance Trust is stepping down next month. Company CEO Greta Guggenheim, who joined...

TPG RE Finance CEO Greta Guggenheim stepping down
(Getty, iStock)
National

Victoria’s Secret may close 50 stores this year

Victoria’s Secret’s plans for its future are, well, not so secret. The lingerie retailer will close 30 to 50...

Victoria’s Secret may close 50 stores this year
(iStock)
Los Angeles

Fry’s Electronics, go-to for high tech pros, closes forever

Fry’s Electronics, a quirky chain with character, closed its doors forever. The San Jose-based home electronics retailer permanently shuttered...

Fry’s Electronics, go-to for high tech pros, closes forever
Glenn Kelman (Randy Stewart via Flickr)
National

Redfin revenue grows as it races to hire more agents

The hot housing market has crowned another winner: Redfin. The discount brokerage reported revenue of $866.1 million in 2020,...

Redfin revenue grows as it races to hire more agents
Central Park Tower at 217 West 57th Street and Extell president Gary Barnett
New York

Closings kick off at world’s tallest residential tower

UPDATED, Feb. 25, 2021, 11: 25 a.m.: Move-in day is approaching for buyers at the world’s tallest residential tower....

Closings kick off at world’s tallest residential tower
Compass CEO Robert Reffkin and KVS Title  CEO David Kanstoroom. (KVS, Getty)
National

Compass acquires DC-area title firm

Compass is taking title. Ahead of its much-anticipated IPO, the residential firm has inked a deal to buy KVS Title, a title insurance and settlement services firm in Washington, D.C., the company said Thursday....

Compass acquires DC-area title firm
Canada, South Korea, Germany, Singapore, and the UK top the list of countries investing in real estate. (Getty)
National Insights

South Korea now No. 2 foreign investor in US CRE

Foreign investment in U.S. real estate declined in 2020, but South Koreans didn’t get the memo. Capital flows from...

South Korea now No. 2 foreign investor in US CRE
Susan Dailmer, pictured here with Zillow COO Jeremy Wacksman and CEO Rich Barton. (Zillow, Getty)
National

Zillow taps Susan Daimler as president

Susan Daimler, a longtime general manager at StreetEasy, has been tapped as president of Zillow Group. The Seattle-based listing giant, which has been focused heavily on instant home-buying, said Daimler will succeed Jeremy Wacksman,...

Zillow taps Susan Daimler as president

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