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Real estate giant Redfin beats Q2 estimates with $214M in revenue; CEO says ‘we’re inside a tornado’

GeekWire

Seattle-based real estate company Redfin topped Wall Street estimates for its second quarter earnings , reporting $214 million in revenue, up 8%, and a net loss per share of $0.08. The real estate market is on a roller coaster this year as buying activity slowed due to the pandemic but has rebounded in recent months.

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Zillow Group CEO Rich Barton on why he’s bullish about real estate despite pandemic

GeekWire

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. It is leaning on technology such as virtual home showings in the meantime. ” The Seattle real estate giant posted Q1 revenue of $1.1

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Redfin beats Q4 earnings estimates with $244M in revenue and record traffic

GeekWire

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.

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Redfin partners with security giant ADT for program that lets buyers tour homes without an agent

GeekWire

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

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GI Partners Buys LA Telecom Hub One Wilshire » Data Center.

Data Center Knowledge

The new owner, a long-time player in data center real estate, acquired the building from Hines Property Trust. The deal for One Wilshire underscores the premium value of data center real estate. | High Net World HNW Magazine. Virtualization. ” The Data Center Premium. By comparison, the U.S.

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Redfin posts $191M in Q1 revenue; CEO says tech will help real estate giant navigate COVID-19 crisis

GeekWire

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).

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Redfin beats Q3 estimates but stock dips; CEO says company’s tech is a ‘passport to a new life’

GeekWire

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. .