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Seattle mayor proposes legislation to help convert commercial real estate for residential uses

GeekWire

(GeekWire Photo / Kurt Schlosser) Seattle Mayor Bruce Harrell wants to make it easier for property owners to convert their commercial buildings for residential use, amid a backdrop of a shaky commercial real estate market and the threat of decreased tax revenue for cities. Read Harrell’s full office conversion proposal below.

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Redfin CEO says housing downturn made real estate giant ‘leaner, hungrier and better’

GeekWire

But the Seattle real estate giant sees some silver linings. The company’s real estate services division, its primary source of revenue, dropped nearly 30% to $127 million. Kelman said the company’s 2023 budgeting assumption predicts 4.3 Redfin’s revenue fell 45% in the first quarter to $325.7

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Zillow and Redfin earnings reports reflect slumping real estate market

GeekWire

(Redfin and Zillow Photos) Redfin and Zillow Group ‘s second-quarter earnings reports point to more pain in the real estate market as limited housing supply and climbing mortgage rates throttle transaction volume. The company’s real estate services division, its primary source of revenue, dropped more than 28% to $180.6

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Former AWS real estate managers, accused of taking millions in kickbacks, challenge Amazon’s motives amid FBI investigation

GeekWire

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.

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10 reasons to keep that data center running

CIO Business Intelligence

It’s much easier to pencil out a budget for a local data center that’s cost competitive if your machines are going to run constantly. Extra real estate. The pandemic has really shaken up the world of commercial real estate and some companies have extra space they can’t easily shed. Perhaps you own the building.

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Is SaaS dead? Not quite, but it’s evolving rapidly

CIO Business Intelligence

For example, were seeing specialized SaaS solutions for healthcare, finance, real estate, and manufacturing, among others. CIOs will need to work closely with finance teams to model different pricing scenarios and choose the options that best align with their organizations needs and budget constraints.

Industry 290
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Why IPaaS is key to gaining insights in higher education

CIO Business Intelligence

Smart buildings and campuses IPaaS can play a key role collating building data and creating a real-estate dashboard ensuring buildings are used as effectively and cost-efficiently as possible.

Education 244