Airbnb-backed startup Lyric sacks staff, shutters locations amid virus

The boutique hotel has fired a majority of its 100-person staff and plans to close 400 units in 10 locations across the country as the pandemic worsens. Continue reading

Compass lays off 15% of staff amid coronavirus ‘economic standstill’

CEO Robert Reffkin said Monday in a letter that the coronavirus has created ‘one of the most challenging and uncertain moments in our lifetimes.’ Continue reading

The real estate companies that went bust in 2018

The story of real estate in 2018 was one of exploding investment and technology — but not every company managed to make it all the way through the year. Continue reading