Auction site bids to attract buyers amid commission changes

Rock Smart Realty, led by broker RJ Timlin, will launch a website called moversandshakers.ai to help consumers and agents buy and sell homes in an open-offer, transparent environment. Continue reading

REACH Commercial announces latest proptech class

The seven startups that are part of REACH Commercial’s latest class each promise to advance the way commercial brokerages service the industry, ranging from a green building resource solution to a pro-small business engine to help entrepreneurs own the… Continue reading

Douglas Elliman sees revenue tick up in Q2 2024

The company’s improved financial results no doubt came as a sigh of relief, as Elliman faced increasing pressure from shareholders in recent months because of its shaky performance over the past few quarters. Continue reading

Real Brokerage sees new highs in revenue, gross profit during Q2

The cloud-based brokerage saw surprisingly positive second-quarter earnings results during a tough market. Real chairman and CEO Tamir Poleg said the results were a testament to the firm’s business model. Continue reading

RentSpree releases new income verification reporting tool

RentSpree’s latest reporting product is designed to help property management providers more accurately verify the income of lease applicants. Continue reading

Matterport revenue grows, losses improve during Q2

Total revenue grew to $42.2 million during the second quarter of 2024, up from $39.6 million the previous year, as the company worked to increase its market share. Continue reading

Investment firm loses former Trump hotel to foreclosure auction

Miami-based investment firm CGI Merchant Group purchased the luxury hotel in 2022 for $375 million with a $285 million loan from BDT & MSD Partners. By 2023, the firm had defaulted on its debt. Continue reading

Florida Realtor association keys in on partnership with SentriLock

Orlando Regional Realtor Association, one of the nation’s top 10 largest multiple listing services, has made its decision on an official lockbox partner by selecting SentriLock, one of two primary industry providers. Continue reading

Mixed-use development delayed 18 months after radioactive findings

The U.S. Navy will expand a toxic remediation project at the Hunter’s Point Shipyard after radioactive findings at the site. Continue reading