Where do SoftBank’s struggles leave Opendoor, Compass and real estate tech?

The Vision Fund’s commitment to real estate remains intact, according to a person familiar with its thinking. By the fund’s estimation, it’s still early innings for industry disruption, the person said. Continue reading

Compass sued over a single decimal point

According to the complaint, The Mark Company orally agreed to pay RRA 16.25 percent of gross sales commissions from the sales of condominium units at an ultra-luxury development in San Francisco, 181 Fremont St. The companies signed a letter agreement … Continue reading

How the real estate industry is celebrating Pride 2019

June in America is LGBTQ Pride Month, with parades and celebrations across the country commemorating the anniversary of the Stonewall Riots – a series of gay rights demonstrations in 1969 that were met with police force and gave birth to the LGBTQ move… Continue reading

EXCLUSIVE: Compass, eXp Realty and Redfin voice support for Equality Act

Just in time for Pride Month, the annual June celebration of LGBTQ rights in the U.S., three major real estate brokerages – Compass, eXp Realty and Redfin— all confirmed to Inman this week for the first time that they support the Equality Act, a propos… Continue reading

EXp Realty is expanding to New York City

James Hynes will serve as the managing broker of eXp Realty’s Brooklyn operations. Hynes has been with eXp Realty for more than two years in Rochester, New York. Continue reading

Zillow’s way or the highway?

IBuyer expert and real estate analyst Mike DelPrete explains how market incumbents are stepping up their game to adapt to a shifting business landscape ahead of Inman Connect Las Vegas on July 22-26. Continue reading

Century 21 Beachside and Coldwell Banker Beachside are shutting down

Tom Denny, the longtime owner of both residential brokerage franchises, plans to retire, he told Inman. That means all the more than 550 agents who presently hang their hats across the 10 offices maintained by the two brokerages will be looking for new… Continue reading

Traditional brokerage or tech company: How is Compass being valued?

Is Compass worth $4.4 billion, and is it being valued as a traditional brokerage or a technology company? Mike DelPrete takes a look at the company’s valuation, revenue, transaction volume, agent count and profitability. Continue reading

America’s most expensive rental is available for $1.5M a month

The mega-mansion, located at 908 Bel Air Road and initially priced for sale at $180 million, was listed for rent earlier this week. The dwelling covers more than 34,000 square feet and comes with an infinity pool, a health and wellness spa, and surroun… Continue reading

Connect Las Vegas: Throwback to Compass and Realogy CEOs sharing their vision

At the Inman Connect New York 2019 conference, Realogy CEO Ryan Schneider and Compass CEO Robert Reffkin took to the stage to discuss their differing visions for the residential real estate market going forward. Continue reading