Real estate stocks end week mixed as virus fears rise and markets fall
Real estate services stocks largely ended a dismal week unscathed, as the broader markets fell for a second straight...
“We are erring on the side of having too much capacity”: Amazon reports massive Q3
Two mortgage companies delay IPOs amid market volatility
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“Sad day” in LA: CBRE’s corporate exit latest blow to dented office market
CBRE’s decision to shift its global HQ from Los Angeles to Dallas wasn’t mentioned on the company’s third-quarter earnings...
Redfin accused of redlining in lawsuit
The National Fair Housing Alliance has accused Redfin of discriminatory policies and redlining, months after the national brokerage’s CEO pledged to address systemic racial discrimination. In a lawsuit filed Wednesday in the United States...
JLL, CBRE keep cutting as recovery drags
The commercial real estate industry’s biggest service firms continue to slash expenses as the economic slowdown squeezes their business. JLL and CBRE recently made layoffs and budget cuts to trim costs as revenues from...
Open air windfalls: Shopping centers breeze past malls in their recovery
Since reopening in May, Miami’s Upper Buena Vista has seen its foot traffic surpass normal pre-Covid levels, according to...
Hudson Pacific studio revenue takes hit
Hudson Pacific Properties achieved a major milestone this summer when it sold Blackstone Group 49 percent of its $1.65 billion Hollywood real estate portfolio, which includes 1.2 million square feet in soundstage space —...
Inside LA’s opaque program to house homeless in hotels
Less than a year ago, black SUVs and international tourists crowded the L.A. Grand Hotel Downtown, a prime property...
Knotel slashes its workforce again
Flex office provider Knotel is tightening its belt even more as Manhattan workers balk at the idea of returning to the workplaces. On a conference call Thursday afternoon, the company announced it has laid...
How to get away with [selling a] murder [house]
Los Angeles might be just as famous for its grisly murders as it is for its movie industry. Tourists...
Lost summer, failed plan haunt Coney Island
Coney Island was eerily quiet this summer. The Cyclone did not clickety-clack, no screams pierced the salty air and tourists who normally roam the boardwalk were nowhere to be found. The seasonal destination missed...
“We are erring on the side of having too much capacity”: Amazon reports massive Q3
How much capacity is too much? For Amazon, the limit doesn’t exist. At least not yet. The e-commerce giant...
CBRE income falls nearly 10%
CBRE’s income fell nearly 10 percent during the third quarter as the pandemic forced large office tenants to put their leasing decisions on hold. Income for the world’s largest real estate services firm fell...
Zillow cuts 80 jobs from iBuying biz
Zillow has cut 80 jobs from its home buying and selling business, despite its big bet on the burgeoning sector. The real estate giant doesn’t disclose how many of its 5,300 employees work for...
Two mortgage companies delay IPOs amid market volatility
Some mortgage companies are getting skittish about recent market volatility and have delayed plans to go public. Caliber Home...
Essex Property’s tenant concessions help drive down Q3 earnings
Essex Property Trust, one of the largest apartment owners on the West Coast, reported double-digit declines in funds from...
Kris Jenner and Khloe Kardashian buy mansions on land once owned by Woodbridge Group
Kris Jenner sold her Hidden Hills mansion earlier this year, but she isn’t leaving the area. The Kardashian family...
WeWork eyes another IPO effort
Like many around the world, WeWork is looking to forget this year and pick up where it left off in 2019. The office-space company is going to revisit plans for an initial public offering...
One man’s quest to label real estate data companies as cartels
Apartment landlords have always had a bit of an upper hand on tenants. The most obvious reason is that...