Articles by E.B. Solomont

@properties co-CEOs Thad Wong and Mike Golden (Photo via @properties)

@properties to franchise its brand

In 2018, Chicago’s @properties defended its home turf from national competitors with a massive billboard cautioning locals not to “ask for directions from a tourist.” But now the firm itself has found the allure...

@properties to franchise its brand
ButterflyMX CEO Cyrus Claffey (iStock; ButterflyMX)

ButterflyMX raises $35M to grow smart-intercom business

UPDATED: Sept. 29, 11:15 a.m.: Smart-intercom startup ButterflyMX has raised $35 million in growth capital to meet surging demand...

ButterflyMX raises $35M to grow smart-intercom business
Compass CEO Robert Reffkin and Charles Phillips (Photos via Flickr; Getty)

Compass makes good on diversity pledge, adding Charles Phillips to board

UPDATED: Sept. 29, 10:50 a.m.: Compass, making good on a call for companies to diversify their boards, has tapped...

Compass makes good on diversity pledge, adding Charles Phillips to board
The Real Deal's E.B. Solomont

Future City: Behind Zillow’s brokerage play, Common’s $50M for co-living

Why Zillow bet on brokerage for profits For years, Zillow said it wouldn’t become a brokerage. But in a...

Future City: Behind Zillow’s brokerage play, Common’s $50M for co-living
Zillow CEO Rich Barton (JD Lasica via Flickr; iStock)

Drawing agent ire, Zillow bets on brokerage to deliver profits

At the risk of alienating agents, Zillow is also banking on them to reach an elusive goal: profitability for...

Drawing agent ire, Zillow bets on brokerage to deliver profits
Zillow's Rich Barton (iStock)

Zillow launches brokerage to boost iBuying

For years, Zillow denied it had plans to become a brokerage. But the listings giant is doing just that, in a move it says will streamline its iBuying operation. Starting in January 2021, the...

Zillow launches brokerage to boost iBuying
Brad Hargreaves (Photo by Francesco Sapienza; iStock)

Common raises $50M, eyes housing for remote workers

With its eye on housing for remote workers, co-living startup Common has raised $50 million in new funding. The...

Common raises $50M, eyes housing for remote workers
WeChat ban on hold: Why that’s good for real estate

WeChat ban on hold: Why that’s good for real estate

WeChat users facing a U.S. ban of the social media app starting Sept. 20 got an 11th-hour reprieve from...

WeChat ban on hold: Why that’s good for real estate
Opendoor founder Keith Rabois, Opendoor CEO Eric Wu, and Social Capital CEO Chamath Palihapitiya (Getty; iStock; Resolute Ventures)

Opendoor is ready to go public. Is its balance sheet?

Five months ago, iBuying startup Opendoor was in survival mode: It paused home buying, laid off 35 percent of...

Opendoor is ready to go public. Is its balance sheet?
Zumper CEO Anthemos Georgiades (Getty; iStock)

What you need to know about Zumper, a $400M startup accused of renter bias

On September 1, Zumper published a set of core principles it said defined its brand: inclusivity, safety and respect....

What you need to know about Zumper, a $400M startup accused of renter bias
Avi Dorfman and Compass' Robert Reffkin and Ori Allon (Getty; iStock)

Cash, no stock: Compass aims to cut down any Avi Dorfman windfall

With a jury trial looming, Compass is trying to lessen the windfall Avi Dorfman could reap if he proves...

Cash, no stock: Compass aims to cut down any Avi Dorfman windfall
Eric Wu (left) and Chamath Palihapitiya (Getty, iStock)

Opendoor confirms $4.8 billion IPO

UPDATED: Sept. 15, 5:10 p.m.: iBuying startup Opendoor made its IPO plans official Tuesday, confirming a $4.8 billion deal with a blank-check company. The company’s merger with Chamath Palihapitiya’s Social Capital Hedosophia Holdings II...

Opendoor confirms $4.8 billion IPO
Hungry for cash, Opendoor eyes IPO

Hungry for cash, Opendoor eyes IPO

Five months after laying off 800 staffers — or 35 percent of its workforce — iBuying startup Opendoor is eyeing a $5 billion IPO with a blank-check company. Welcome to 2020, the year of...

Hungry for cash, Opendoor eyes IPO
Trump’s crackdown on TikTok and WeChat could further chill Chinese investment in U.S. real estate.

TikTok, Clarice: Why the government’s moves against Chinese firms could hurt real estate

Daniel Chang’s phone wouldn’t stop lighting up. It was the night of Aug. 6, shortly after President Trump signed...

TikTok, Clarice: Why the government’s moves against Chinese firms could hurt real estate
No “rout” about it: Real estate tech stocks rebound

No “rout” about it: Real estate tech stocks rebound

Real estate tech stocks rallied Wednesday after a three-day tech rout roiled the market. After the market closed yesterday,...

No “rout” about it: Real estate tech stocks rebound
Trump’s crackdown on TikTok and WeChat could further chill Chinese investment in U.S. real estate.

TikTok, Clarice: Why the government’s moves against Chinese firms could hurt real estate

Daniel Chang’s phone wouldn’t stop lighting up. It was the night of Aug. 6, shortly after President Trump signed an executive order banning the...

TikTok, Clarice: Why the government’s moves against Chinese firms could hurt real estate
Mosaic CEO Salman Ahmad and Mandalay CEO Dave Everson (Photos via Mosaic)

Tech startup inks $100M deal to help build 400 homes

With demand for new homes surging, a Phoenix startup is teaming up with a local builder to churn out...

Tech startup inks $100M deal to help build 400 homes
Airbnb's Brian Chesky (Getty, iStock)

Airbnb’s IPO roadshow, now in the Zoom waiting room

Airbnb’s IPO roadshow is looking more and more like a staycation. After filing confidential plans to go public last...

Airbnb’s IPO roadshow, now in the Zoom waiting room
Airbnb's Brian Chesky (Getty)

Five things to know about Airbnb’s IPO

More than a decade after Brian Chesky rented out a room in his San Francisco apartment, Airbnb made it official this week: The hospitality marketplace is going public. The home-share unicorn, most recently valued...

Five things to know about Airbnb’s IPO
Realogy settled part of its $400M Cartus lawsuit. Now what?

Realogy settled part of its $400M Cartus lawsuit. Now what?

Realogy settled part of its lawsuit over the aborted $400 million sale of its relocation business. In a regulatory...

Realogy settled part of its $400M Cartus lawsuit. Now what?
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