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
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
Compass CEO encourages agents to spend billions with Black vendors
Robert Reffkin is inviting his company’s approximately 15,000 agents to guide 15% of their spend to Black-owned companies or vendors
by Patrick Kearns Jun 8
Real estate stocks slammed amid coronavirus market woes
Days of coronavirus-induced stock selloffs have driven the share price of numerous companies, including many in the real estate industry, plummeting
by Jim Dalrymple II Feb 27
Cash offer startup Ribbon raises $330M in cash and debt
Ribbon sees itself as a kind of credit card for homebuying and aims to make consumers who need financing more competitive
by Jim Dalrymple II Oct 29
Opendoor appoints new batch of executives, board members
The new leaders — none of whom have backgrounds in real estate — have previous experience working at Amazon, Netflix, Hulu and in the venture capital industry
by Jim Dalrymple II Oct 14
Mortgage startup snags $160M funding round
The backers of Better.com, a startup that digitizes the mortgage process, include Citi, Goldman Sachs, Ally Financial and American Express Ventures
by Patrick Kearns Aug 19
Texas man sentenced in insider trading scheme over Move tip
Authorities say Hamed Ettu, 44, illegally purchased call options in Move, the operator of realtor.com
by Patrick Kearns Jul 18
Compass names chief financial officer, ending 8-month search
Former Carlyle Group exec Kristen Ankerbrandt will oversee financials, including acquisitions and growth
by Patrick Kearns Nov 19
Mychal Kendricks #95 of the Philadelphia Eagles reacts in front of Zay Jones #11 of the Buffalo Bills
NFL linebacker Mychal Kendricks made $279,000 selling Move Inc. stock after the company was acquired by News Corp.
by Patrick Kearns Aug 29
Cadre scores $250M deal with Goldman Sachs' private wealth clients
Marks beginning of ongoing strategic partnership between the two companies
by Marian McPherson Jan 11
Rex Real Estate raises $15M, boasts 2% listing fee
Tech-driven L.A.-based startup operates outside the MLS
BRP Companies begins construction on East NY affordable housing
Rehabilitation and new construction to deliver 710 affordable apartments
by Jennifer Riner Sep 23
An ace up the sleeve

Goldman Sachs’ $5 billion and Wells Fargo’s $1.2 billion settlements of mortgage wrongdoing would be grounds for giggling if it were not all so painful. Goldman has — at last — this week settled with the Department of Justice for securitizing bad loans from 2005-2007, and Wells for lousy underwriting of FHA loans from 2001-2008.

by Lou Barnes Apr 13
How a 4-woman team is enjoying its old-to-new transition
Here's a tale of an all-female team that recently moved to an indie brokerage
by Gill South Mar 11