Author Archives: Ben Verde

Airbnb co-founder launches new backyard home venture, Samara

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The startup from Airbnb co-founder Joe Gebbia began as an in-house project for Airbnb, but has spun off as an independent company with backing from the short-term rental platform. Continue reading →

WeWork to close 40 locations across US amid otherwise promising Q3

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The co-working space lost $568 million in Q3, an improvement from the same period last year when it lost $802 million, according to earnings on Thursday. Its revenue hovered at $817 million, a 24 percent lift from 2021. Continue reading →

Redfin shuts down iBuyer Redfin Now while slashing 13% of workforce

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As many as 264 employees impacted by the cuts were from Redfin Now, the company’s iBuying division, while an additional 218 jobs from other departments are also being eliminated. Continue reading →

Steve McQueen’s former Malibu home hits market for $16.995M

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The house contains multiple decks with views of the Pacific, a surfboard storage room, a private staircase to the beach and main rooms that seamlessly transition onto its deck, according to the listing. Continue reading →

The pandemic unleashed a flood of office-to-residential conversions

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New adaptive reuse apartments are growing at a faster rate than new construction apartments, jumping 25 percent over the past two years, compared to a 10 percent increase in new construction apartments. Continue reading →

Homebuyers and sellers have a ton of misconceptions, new poll shows

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Homebuyers and sellers are struggling to keep up with the rapidly shifting market, according to a Zillow survey of real estate agents, which found many believe home prices will fall steeply in 2023. Continue reading →

Colony Capital founder Thomas Barrack acquitted by federal jury

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On Friday, a federal jury found Thomas J. Barrack Jr., a real estate investor and close adviser to former President Donald Trump, not guilty of foreign lobbying and lying to the FBI, reports say. Continue reading →