WeWork struggles to strike deal with landlords to reduce rent costs
As the COVID-19 pandemic causes cancellations to spike, WeWork CEO Sandeep Mathrani is pitching a revenue-sharing deal to the company's largest landlords
by Marian McPherson Apr 2
Cost of marketing on Facebook, Instagram falls during pandemic
Homesnap has found that with more people online, the cost of clicks and impressions on certain platforms is going down during the crisis
by Jim Dalrymple II Apr 2
Fear and uncertainty is mutual among renters and landlords: Poll
A vast number of renters have lost their jobs during the pandemic, leading to 'fear far worse than expected,' according to a new survey of more than 2,700 landlords and 7,300 renters
by Jim Dalrymple II Apr 1
Compass is launching virtual services to keep agents in business
The platform is aimed at keeping business going as some states issue stay-at-home orders
by Patrick Kearns Apr 1
Transactly raises $3M to boost outsourced transaction coordination
With a total of $4.7M raised in 2 years, the company is aiming to win the market for outsourced transaction coordination. While its software can be used for free by agents and brokerages, the company charges for use of a designated transaction coordination
by Craig C. Rowe Mar 31
T3 Sixty offers brokers free business consultations
The real estate analytics and consulting firm is offering a 30-min one-on-one session with an expert
by Patrick Kearns Mar 31
How to get a loan and save your business during the pandemic
The government is basically giving away free money. Most brokerages and agents should be able to take advantage of it
by Jim Dalrymple II Mar 30
JPAR lowers April franchise fees, hires new growth exec
The growing real estate franchisor announced a Weichert and Regus vet is joining the company as chief growth officer, showing the company is committed to growth even as the industry slows
by Patrick Kearns Mar 30
California Realtors group lays out agent aid programs
Agents and brokers can now get loans and payments akin to unemployment insurance thanks to a bill lawmakers passed last week
by Jim Dalrymple II Mar 30
Redfin is increasing agents' fixed pay during market slowdown
Redfin CEO Glenn Kelman will take no salary for the rest of 2020 to help offset some of the cost
by Patrick Kearns Mar 26
Cheesecake Factory says no to rent at 294 locations. Socialists rejoice
Thanks to pandemic-related closures, the company said it doesn't have enough to pay landlords in April. Jokes about a caramel-drizzled revolution ensued
by Jim Dalrymple II Mar 25
Major banks agree to mortgage grace period in California
Gov. Gavin Newsom announced Wednesday that Wells Fargo, Citibank, JP Morgan and U.S. Bank would give homeowners a 90-day grace period
by Jim Dalrymple II Mar 25
Airbnb-backed startup Lyric sacks staff, shutters locations amid virus
The boutique hotel has fired a majority of its 100-person staff and plans to close 400 units in 10 locations
by Marian McPherson Mar 25
Realogy temporarily cuts executive pay amid coronavirus slowdown
Realogy CEO Ryan Schneider is taking a 90% pay cut while his direct reports are reducing compensation by 50%
by Patrick Kearns Mar 25
StreetEasy suspends 'days on market' display
The Zillow-owned search portal is making changes to listing displays as the real estate industry slows down in New York, the epicenter of the country's coronavirus outbreak
by Patrick Kearns Mar 24
Compass is still onboarding new teams despite slowdown, layoffs
Based in New Jersey, the 15-person Oldendorp Group, which is joining Compass from Keller Williams this week, will be virtually onboarded through Enboarder
by Patrick Kearns Mar 24