Blackstone shells out $6B to re-enter rental market
Blackstone Group Inc. has reached a deal to acquire single-family rental home company Home Partners of America Inc. for $6 billion in cash after a competitive bidding process
by Lillian Dickerson Jun 23
A Hong Kong home is asking a whopping $2M in annual rent
Wharf Holdings Ltd. is leasing out a property in its ultra-exclusive The Peak neighborhood for HK$1.35 million, or approximately $174,000 a month
Most cities are making a comeback — but not the priciest ones
Data from Redfin shows that cities are making a comeback, and young white-collar workers are seizing low mortgage rates and work-from-home policies to move to affordable cities
Coldwell Banker partners with JamesEdition on luxury listings
The partnership will allow for the syndication of all Coldwell Banker Global Luxury listings priced at $1M or more to JamesEdition.com, as well as placement on Bloomberg's Property marketplace, among other things
by Lillian Dickerson Jan 11
Influencers marketing condos? Some developers are counting on it
Some New York developers are enlisting influencers to help sell units, by having them create content featuring condos to share images on Instagram
Compass reorganizes regional leadership amid IPO chatter
Danielle Wilkie, who joined Compass in 2019, will serve as central president, a newly created position, to oversee 4,000 agents in markets including Colorado, Texas and Chicago
by Patrick Kearns Nov 30
Hamptons season extended into fall and winter, agents say
'We've done more business for October than at any other time in the past that I can remember,' local broker Angela Boyer-Stump told Inman
The moving industry could lose $2.5B because of COVID-19
Revenue decline across the moving industry could hover between 12.2% and 19.9%, according to a new study from HireAHelper.com
by Lillian Dickerson Jun 23
Vacation rental sites roar back to life with surge of spring bookings
After a period of rolling out more lenient reservation cancellation policies and more stringent cleaning procedures in the wake of the coronavirus pandemic, Airbnb, Vrbo and other vacation-rental websites are starting to see an increase in bookings again
by Lillian Dickerson Jun 16
As the pandemic persists, demand for remote luxury living soars
An estate in a remote part of southeastern Florida has hit the market for $25M — but it's only the most recent socially distant home to draw attention from the upper class
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
Could coronavirus outbreak delay Airbnb's initial public offering?
Bloomberg reported that Airbnb considered beginning the IPO process as early as March. Will uncertainty on Wall Street hold back the short-term rental giant from going public?
by Patrick Kearns Mar 3
Ring fired employees who tried to access customer video data
5 senators had previously raised concerns over the company's privacy practices
How the single-family rental investment landscape has evolved in the past decade
Institutional investors are turning to construction and iBuyers to provide single-family home rentals
by Steve Cook Jan 9
Builders ditching Nest products as Google takes complete control
Consumers now must have a Google account and Google Assistant to use Nest products
by Marian McPherson Oct 22