Two months after passing a referendum to control rents, Berliners are battling extreme leasing fees, which include thousands of dollars upfront for furniture, appliances and kitchen cabinets. Continue reading
The investigations — which are relatively common after a company discloses very bad news — are a response to Zillow’s announcement that it will end its iBuying business. Continue reading
The news comes just weeks after the company announced a pause in its iBuying, and follows reports that it was underpricing homes in a number of cities. Continue reading
Zillow said labor and supply issues in the market have created an “operational backlog for renovations and closings.” The pause will enable the company to catch up on its existing contracts. Continue reading
In a Securities and Exchange Commission filing on Oct. 4, Opendoor revealed it has entered into an amended mezzanine debt facility with a $3 billion limit. The amended mezzanine debt facility will bridge the gap between Opendoor’s debt and equity finan… Continue reading
Blackstone Group Inc. has reached a deal to acquire single-family rental home company Home Partners of America Inc. after a competitive bidding process. Continue reading
Wharf Holdings Ltd. is leasing out a property in its ultra-exclusive The Peak neighborhood for HK$1.35 million, or approximately $174,000 a month. Continue reading
As the COVID-19 pandemic causes cancellations to spike, WeWork CEO Sandeep Mathrani is pitching a revenue-sharing deal to the company’s largest landlords. Continue reading
Bloomberg reported that Airbnb considered beginning the IPO process as early as March. Will uncertainty on Wall Street hold back the short-term rental giant from going public? Continue reading
Five senators had previously raised concerns over the company’s privacy practices. Continue reading