Industry News

Redfin real estate search site plans expansion

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Redfin, a Seattle-based real estate Web site that combines mapping technology with detailed property information, has announced plans to expand into markets in California and the East Coast. Redfin also announced the hire of new executives. Glenn Kelman, who formerly co-founded a software company, will serve as CEO, and Brian Marsh, a former senior manager for's community group, will serve as chief technology officer. Redfin founder David Eraker will continue to lead business development and product strategy initiatives at the company, Redfin officials announced today. Additionally, the company has received an injection of investor money from Madrona Venture Group and Madrona's Paul Goodrich will serve as chairman for Redfin's board of directors. Kelman said that Redfin will expand to the San Francisco Bay Area, Los Angeles and San Diego markets in California this year, along with two East Coast markets. The company has plans to launch new e-commerce services later this mo...