“We are erring on the side of having too much capacity”: Amazon reports massive Q3

Jeff Bezos (Getty, iStock)
Jeff Bezos (Getty, iStock)
“We are erring on the side of having too much capacity”: Amazon reports massive Q3

Lost summer, failed plan haunt Coney Island

After a lost summer, Coney Island businesses are struggling to imagine how to survive the winter. (Getty)
Lost summer, failed plan haunt Coney Island

Zillow cuts 80 jobs from iBuying biz

Zillow's Rich Barton (iStock)
Zillow cuts 80 jobs from iBuying biz

CBRE income falls nearly 10%

Bob Sulentic (Getty, iStock)
CBRE income falls nearly 10%

Two mortgage companies delay IPOs amid market volatility

Caliber Home Loans CEO Sanjiv Das and AmeriHome CEO Jim Furash (Photos via Caliber Home Loans; AmeriHome; iStock)
Two mortgage companies delay IPOs amid market volatility

Latest News

Real estate stocks end week mixed as virus fears rise and markets fall

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...

Real estate stocks end week mixed as virus fears rise and markets fall
CBRE CEO Bob Sulentic; the firm has shifted its global HQ from LA to Dallas. (CBRE, Getty)

“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...

“Sad day” in LA: CBRE’s corporate exit latest blow to dented office market
Redfin CEO Glenn Kelman (Photos via Redfin; Getty)

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...

Redfin accused of redlining in lawsuit
JLL CEO Christian Ulbrich and CBRE CEO Bob Sulentic (Getty; CBRE; Pixabay)

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...

JLL, CBRE keep cutting as recovery drags
Upper Buena Vista in Miami and the Macerich-owned Green Acres Mall in New York (Upper Buena Vista, Macerich)

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...

Open air windfalls: Shopping centers breeze past malls in their recovery
Hudson Pacific Properties CEO Victor Coleman and Sunset Las Palmas Studios (Google Maps, iStock)

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 —...

Hudson Pacific studio revenue takes hit
Gov. Gavin Newsom, Shenzhen New World Group chairman Huang Wei and former L.A. City Council member Jose Huizar (Getty, the L.A. Grand Hotel Downtown)

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...

Inside LA’s opaque program to house homeless in hotels
Knotel CEO Amol Sarva (iStock)

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...

Knotel slashes its workforce again
(Illustration by Chris Koehler)

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...

How to get away with [selling a] murder [house]
After a lost summer, Coney Island businesses are struggling to imagine how to survive the winter. (Getty)

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...

Lost summer, failed plan haunt Coney Island
Jeff Bezos (Getty, iStock)

“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...

“We are erring on the side of having too much capacity”: Amazon reports massive Q3
Bob Sulentic (Getty, iStock)

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...

CBRE income falls nearly 10%
Zillow's Rich Barton (iStock)

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...

Zillow cuts 80 jobs from iBuying biz
Caliber Home Loans CEO Sanjiv Das and AmeriHome CEO Jim Furash (Photos via Caliber Home Loans; AmeriHome; iStock)

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...

Two mortgage companies delay IPOs amid market volatility
Essex Property Trust president Michael Schall (Photo via Nareit)

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...

Essex Property’s tenant concessions help drive down Q3 earnings
Kris Jenner and Khloe Kardashian both bought homes in the Hidden Hills (Getty)

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...

Kris Jenner and Khloe Kardashian buy mansions on land once owned by Woodbridge Group
Sandeep Mathrani (WeWork)

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...

WeWork eyes another IPO effort
One man’s quest to label real estate data companies as cartels

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...

One man’s quest to label real estate data companies as cartels

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