WeWork’s collapse presents an opportunity for other companies

Rather than a demise of coworking spaces, experts say WeWork’s collapse presents a silver lining for other coworking companies and landlords facing higher vacancies. Continue reading

New commission lawsuit targets REBNY and 26 companies in NYC

Homeseller Monty March filed suit in the Southern District of New York Wednesday, alleging REBNY rules in Manhattan kept commissions high and violated state and federal antitrust laws. Continue reading

Chicago voters to decide whether to hike real estate transfer tax

Proponents said the measure would raise $100 million per year. Chicago Realtors said the tax was volatile and not a reliable funding stream. Continue reading

Here’s how to build a group your team wants to stick with

“You’re in it for the career, not for the year,” Kymber Lovett-Menkiti says as she leads this Inman Connect panel discussion about creating a thriving culture. Continue reading

Sitzer defendants ask for mistrial as HomeServices alleges ‘ambush’

HomeServices of America attorneys filed a motion Wednesday requesting a mistrial in the Sitzer | Burnett trial, saying a video submitted a day earlier jeopardizes its chances for a fair trial. Continue reading

Buffett, Munger foresee ‘hollowed out’ downtowns on the horizon

Billionaire investor Warren Buffett and business partner Charlie Munger see long-term distress in commercial real estate, which could spell trouble for lenders and opportunity for investors. “The buildings don’t go away,” Buffett said. Continue reading

REBNY rule change will require sellers to pay buyer agents directly

As Sitzer | Burnett unfolds, the New York City trade association announced the upcoming rule change amid a nationwide reevaluation of buyer commission structures. Continue reading

NAR to shed 1M members if shared commission banned, analysts say

A report released Oct. 4 by the investment banking firm Keefe, Bruyette & Woods forecasts commissions to decline by at least 30 percent as a result of ongoing threats to the real estate industry. Continue reading