CIO Business Intelligence

JULY 28, 2023

City skyscrapers and office parks may remain scarcely occupied in the post-pandemic work era, but commercial real estate player JLL’s business is not slowing down, thanks to the company’s embrace of technology and high-growth opportunities to adapt and prosper. Commercial real estate covers many different things,” Morin says. “We

Real Estate 246

Real Estate Fractional CTO CTO Hire Data Center 246

GeekWire

FEBRUARY 17, 2021

Eleven data center deals are now the subject of a suit by Amazon vs. two former AWS real estate managers and others. Two of the participants in the August 2017 meeting — Casey Kirschner, an AWS real estate manager, and Carl Nelson, Kirschner’s boss and mentor — were leading that physical expansion for Amazon.

Real Estate 126

Real Estate Data Center Meeting Data 126

GeekWire

JUNE 8, 2021

WeWork is closing its location in the Ballard neighborhood of Seattle less than two years after the space opened as the office-sharing company restructures its real estate footprint amid continued fallout from the COVID-19 pandemic. WeWork reported a net loss of $2.06 (WeWork Photo).

Real Estate 107

Real Estate Company .Net Report 107

CIO Business Intelligence

JULY 28, 2022

Offering a diverse array of cloud solutions, IT Vortex’s customers include enterprises in industries from manufacturing and mining to fashion and real estate. Lou Corriero, Vice President of Cloud Technologies at IT Vortex, notes that the organization frees its customers to focus on their businesses, not the IT required to run them.

.Net 245

.Net Vmware Disaster Recovery Data Center 245

GeekWire

MAY 7, 2020

The Zillow Group CEO expressed optimism for the future of real estate despite a global pandemic that has slowed home sales and leaves the industry with an uncertain future. ” The Seattle real estate giant posted Q1 revenue of $1.1 GeekWire Photo/Kevin Lisota). billion, up 148% year-over-year and ahead of the $1.02

Real Estate 98

Real Estate Groups Virtualization .Net 98

GeekWire

OCTOBER 9, 2020

Commercial real estate firms, which have their own inherent biases on the topic, remain bullish about employees eventually returning to the office despite increasing vacancy rates over the past quarter. But it may be some time until the commercial real estate market returns to pre-pandemic levels, if at all.

Real Estate 101

Real Estate Trends Groups Report 101

GeekWire

MAY 14, 2020

The Seattle real estate giant on Wednesday announced pricing for stock and debt offerings that will provide up to $993 million in net proceeds. Zillow beat first quarter earnings expectations last week as CEO Rich Barton expressed optimism for the future of real estate amid the COVID-19 pandemic.

Real Estate 81

Real Estate Groups .Net Strategy 81

GeekWire

APRIL 12, 2023

This is the third time in less than a year the Seattle real estate company has conducted a workforce reduction. The company also reported a net loss of $61.9 The most recent round of cuts will mostly affect workers in the real estate support segment. million, compared to $27 million in the year-ago quarter.

Real Estate 135

Real Estate .Net Healthcare Programming 135

GeekWire

MARCH 10, 2025

billion deal that will bring together the nation’s largest mortgage lender with a longtime tech-fueled real estate brokerage. billion, with a net loss of $164.8 billion, with a net loss of $164.8 billion in 2024, and adjusted net income of $456 million. ” Redfin CEO Glenn Kelman. .”

Real Estate 111

Real Estate Company .Net Financial 111

GeekWire

AUGUST 19, 2024

The real estate consolidation at Nordstrom comes as as the Nordstrom family considers taking the company private. Nordstrom reported a net loss of $39 million in the first quarter, which missed expectations. Net sales grew 5.1% The company employed about 54,000 people as of Feb.

Real Estate 144

Real Estate .Net Policies Company 144

GeekWire

FEBRUARY 24, 2021

A hot real estate market helped Redfin’s monthly active visitors grow to a record 44.1 million, while net losses dropped to $18.5 Redfin and other real estate tech companies including fellow Seattle giant Zillow Group are benefiting from a strong U.S. million, up from 30.6 million from $80.8 million in 2019.

Real Estate 135

Real Estate .Net Groups Survey 135

GeekWire

NOVEMBER 10, 2022

housing market continues to show signs of weakening, impacting Seattle real estate tech companies such as Zillow Group and Redfin. The Seattle real estate giant reported revenue of $600.5 30 and a net loss per share of $0.83, which both narrowly missed analyst expectations of $603 million and $0.80, respectively.

Real Estate 130

Real Estate .Net Programming Company 130

GeekWire

MAY 5, 2021

Redfin first quarter results : The Seattle real estate company saw a 40% surge in revenue in the first quarter, reporting $268 million in sales. Its gross profit soared 229% to $42 million, and its net loss was cut nearly in half to $36 million compared to the first quarter of 2020. Its net loss came out to 37 cents per share.

Real Estate 107

Real Estate .Net Company Report 107

GeekWire

AUGUST 7, 2024

(Zillow Group Photos) Zillow Group named a new CEO, longtime company executive Jeremy Wacksman , announcing that co-founder and two-time CEO Rich Barton will be shifting to the new role of co-executive chair of the real estate media and technology company, joining co-founder Lloyd Frink in the role. The top line is growing nicely.

Groups 122

Groups Real Estate .Net Company 122

GeekWire

OCTOBER 5, 2021

Tech tools such as video tours have increasingly helped power real estate transactions during the pandemic, decreasing the need for face-to-face interactions. Related: The new realities of real estate: Redfin CEO on tech, climate, housing, and the era of ‘a thousand HQs’. Its net loss widened to $27.9

Real Estate 138

Real Estate Programming Fractional CTO Security 138

GeekWire

MAY 7, 2020

The Seattle real estate company posted its first quarter earnings report on Thursday with $191 million in revenue, up 73% and beating expectations of $178 million. Net loss per share came in at $0.64, lower than estimates of -$0.75. (GeekWire Photo / Nat Levy).

Real Estate 66

Real Estate .Net Programming Virtualization 66

GeekWire

AUGUST 5, 2021

Seattle-based real estate company Zillow Group reported $1.3 Consolidated net income was $10 million. RELATED: Redfin revenue soars 121% in second quarter as net loss grows on RentPath acquisition. Zillow Group CEO Rich Barton. Zillow Group Photo). Expected revenue was $1.28 billion, with earnings per share of 24 cents.

Real Estate 117

Real Estate Trends .Net Groups 117

GeekWire

AUGUST 8, 2024

Shares of the Seattle real estate giant were up more than 18% in early trading Thursday, following the company’s second quarter earnings release and the news that co-founder Rich Barton is handing the CEO reins to longtime executive Jeremy Wacksman. (Zillow Photo) Housing market headwinds remain strong.

Real Estate 111

Real Estate .Net Industry Groups 111

CIO Business Intelligence

AUGUST 16, 2022

For example, a real estate project of 100,000 square feet could net $1 million in add-on revenues over five years from digital twin-related services, and nearly 80% of an asset’s lifetime value is realized in operations. Over time, these subscription-based services could add a significant amount to the original sale price.

Industry 364

Industry 3D Real Estate Construction 364

GeekWire

JULY 23, 2020

in the second quarter, the second-largest jump of the top 10 metros ranked by net outflow of users. The Seattle-based real estate giant also published a separate report Thursday showing a “strong” U.S. real estate metros returning to or passing pre-pandemic levels of market activity, The New York Times reported.

Real Estate 135

Real Estate Data Policies .Net 135

GeekWire

JANUARY 11, 2022

Seattle real estate giant Redfin announced that it will pay an estimated $135 million in cash and stock to purchase Bay Equity Home Loans , a Bay Area-based mortgage lender that is active in 42 states and employs 1,200 people. It has also generated positive net income each of the last three years. (GeekWire Photo / Nat Levy).

Real Estate 120

Real Estate .Net Company Groups 120

GeekWire

APRIL 4, 2024

It also marked the ninth straight quarter of negative net office absorption, which is calculated by the total amount of space leased minus the total space vacated in a given quarter. Companies are reducing real estate footprints with the adoption of hybrid work policies. In Seattle, vacancy rates increased from 16.6%

Real Estate 100

Real Estate Construction .Net Google 100

GeekWire

AUGUST 2, 2023

But despite exceeding Wall Street’s expectations and outperforming the overall market, the Seattle-based real estate services and media company continued to feel the effects of higher mortgage rates and a challenging housing market. Its brands include Zillow.com, Trulia, StreetEasy and HotPads.

Real Estate 98

Real Estate Groups Advertising .Net 98

CIO Business Intelligence

JANUARY 24, 2024

Gilbane is one of the largest privately-held real estate development and construction companies in the US. billion company has been family owned from its inception in 1870, with sixth-generation employees currently in the business.

Architecture 297

Architecture Construction Real Estate Virtualization 297

GeekWire

NOVEMBER 2, 2023

GeekWire File Photo / Dan DeLong) [This story originally appeared on Real Estate News. Net loss: $19 million, an improvement over the previous quarter’s net loss of $27.4 million, and significantly better than the net loss of $90.2 Redfin CEO Glenn Kelman at the 2018 GeekWire Summit. million, down from $232.2

Real Estate 103

Real Estate .Net Programming Survey 103

GeekWire

MAY 2, 2023

Redfin, the tech-focused Seattle-based real estate brokerage, said last week it was changing course on its own policy and will now require workers in the office two days a week. ” Some companies have relinquished office space with the rise of remote work, sparking concern within the commercial real estate sector.

Real Estate 124

Real Estate Company Policies .Net 124

GeekWire

NOVEMBER 1, 2023

Geekwire File Photo / Kevin Lisota) [This story originally appeared on Real Estate News. Net income/loss: Zillow reported a net loss of $28 million for Q3, which was slightly lower than the $35 million net loss from Q2 and significantly better than the $53 million net loss from Q2 2022. billion.

Groups 107

Groups Real Estate .Net Industry 107

GeekWire

JULY 1, 2024

Tomo Photo) — Carey Schwaber Armstrong , the former Zillow exec who co-founded real estate startup Tomo four years ago, has stepped down from the company. Tomo’s initial focus was on a tech-fueled mortgage and transaction platform targeted at both real estate agents and consumers. Carey Armstrong.

Real Estate 114

Real Estate Microsoft Google HP 114

GeekWire

APRIL 13, 2023

(Redfin Photo) After predicting that the sluggish housing market had started to rebound in January, Redfin this week blamed real estate market conditions as part of the reason for its latest round of layoffs. The company also reported a net loss of $61.9 That came after an 8% workforce reduction last June.

Real Estate 126

Real Estate Report .Net Banking 126

GeekWire

SEPTEMBER 9, 2021

Porch provides enterprise software to home services companies in areas such as home inspections, moving, real estate, and insurance. Its quarterly net loss widened to $16.3 Other recent acquisitions include title software company Rynoh, of Virginia Beach, Va., million, from $184 million previously. million, vs. a loss of $6.3

Groups 122

Groups Insurance Real Estate .Net 122

GeekWire

NOVEMBER 5, 2020

Revenue was down 1% year-over-year while net income more than quadrupled. “Redfin’s increasing share of North America’s online real estate audience, coupled with a strong housing market, has generated demand faster than we can recruit agents, lenders and partners,” Redfin CEO Glenn Kelman said in a statement.

Real Estate 114

Real Estate Video Virtualization .Net 114

GeekWire

MARCH 30, 2023

King County had net domestic outmigration of -16,035 in 2022, compared to -37,655 in 2021. had net domestic outmigration of -9,421 in 2022, compared to -57,611 the prior year. And New York County (Manhattan) had a slight net domestic migration of 2,908 this year, compared to a net domestic outmigration of -98,566 the prior year.

.Net 106

.Net Real Estate Data Report 106

GeekWire

FEBRUARY 13, 2024

This story originally appeared on Real Estate News. Zillow had a good news, bad news sort of quarter: The company posted a significant net loss in Q4, but managed to pull in better-than-expected revenue from its residential and rental divisions to beat investor expectations. Adjusted EBITDA for the full year was $391 million.

.Net 102

.Net Groups Real Estate Report 102

GeekWire

NOVEMBER 3, 2021

Chapin realized that togetherness in a newly announced business merger between NODE, the Seattle-based, carbon-cutting construction company that they co-founded, and Seattle and Portland’s Green Canopy, an eco-focused real estate developer and home builder. And it’s a complicated ecosystem with lots of moving parts.

Construction 128

Construction Energy Real Estate Company 128

GeekWire

DECEMBER 8, 2020

There are similar offerings from fellow real estate giants such as Opendoor and Zillow Group. Opendoor has a 59% market share of iBuyer transactions; Zillow with 26%; Offerpad at 23%; and Redfin at just 1%, according to real estate analyst Mike DelPrete. Redfin then fixes up the homes and sells them. million, up from 35.6

Real Estate 120

Real Estate .Net Report Company 120

Vox

OCTOBER 21, 2021

Developers are buying up real estate in the hope that it will become a destination for the life science and innovation sectors. The number of net new households that moved to the suburbs grew 43 percent last year , according to data from the Wall Street Journal, compared to 2019. Anton Grassl.

Real Estate 132

Real Estate Construction Travel Retail 132

GeekWire

OCTOBER 6, 2021

This is the second SPAC deal for the group, which previously acquired real estate company Offerpad and took it public earlier this year. 31, 2021, and a net loss of $26.1 Reid spent 21 years at Blackstone. Clifton was most recently a senior investment professional at The Carlyle Group. ” Rigetti reported revenue of $5.5

Hardware 144

Hardware Real Estate Groups IBM 144