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Howard Lorber and Steve Witkoff (Getty, iStock)
National

Lorber, Witkoff launch $250M SPAC

Frequent business partners Howard Lorber and Steve Witkoff have a new project, but it’s not a condo or hotel. It’s a SPAC. The developers’ Ocean Drive Acquisition Corp. is looking to raise $250 million...

Lorber, Witkoff launch $250M SPAC
Compass CEO Robert Reffkin (iStock, Getty/Illustration by Kevin Rebong for The Real Deal)
National

How much Compass paid to scale up

Since 2018, Compass has spent more than $300 million to scale its business, buying other brokerages and tech companies to support its “end-to-end platform,” according to the company’s IPO filing. Backed by $1.5 billion...

How much Compass paid to scale up
Compass CEO Robert Reffkin (Instagram, Compass, iStock/Photo illustration by Kevin Rebong for The Real Deal)
National

Inside Compass’ S-1: How it measures the upside of its tech

Compass’ pitch to investors is all about its agents. The company’s S-1 — a prospectus that details its financial...

Inside Compass’ S-1: How it measures the upside of its tech
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
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
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