Elliman’s property management arm suffers data breach
Thousands of New York residents who live in buildings run by Douglas Elliman’s property management arm may have had...
breaking
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Gowanus rezoning gets green light
UPDATED, April 19, 2021, 4:30 p.m.: The Gowanus rezoning is a go. Judge Katherine Levine on Monday agreed to lift a temporary restraining order, allowing the proposal to enter the city’s seven-month approval process....
Broker fee ban an “error,” court rules
UPDATED April 12, 2021, 11:28 a.m.: An Albany judge sided with the real estate industry Friday, declaring New York state regulators’ attempt to ban tenants from paying landlords’ broker fees an “error of law.”...
National
Compass cuts valuation to $7B ahead of IPO
UPDATED, March 31, 2021, 3:48 p.m.: Compass has slashed the price of shares and reduced the size of its total stock offering ahead of its IPO. In an updated S-1 filed with the U.S....
National
Compass seeks $10B tech valuation
Compass is aiming to go public at a $10 billion valuation, positioning itself as a tech company rather than a traditional brokerage. The New York-based firm said it will offer 36 million shares priced...
Compass slams REBNY with antitrust suit
The Real Estate Board of New York represents the interests of the city’s many residential brokerages. Compass says it’s not one of them. The brokerage alleges in a new lawsuit that REBNY has conspired...
Court saves SJP’s 200 Amsterdam from wrecking ball
The controversial Upper West Side condo tower that a judge ruled was built too tall may avoid the wrecking...
National
Compass lost $270M in 2020, revenue up 56% : IPO filing
On the verge of going public, Compass disclosed it earned $3.7 billion in revenue last year but lost $270...
Compass to acquire Bold New York
Compass is acquiring Bold New York, a 10-year-old brokerage with a robust portfolio of rental developments, The Real Deal has learned. The deal, announced by Bold at a town hall meeting Tuesday, will boost...
National
Jeff Bezos, who turned real estate upside down, quits
Jeff Bezos, the e-commerce titan who drove one of the biggest office and industrial space expansions in history, and...