Multifamily Archives | Page 21 of 21 | CREtech

A month after laying off 15 percent of its staff, Compass announced company-wide pay cuts on Wednesday, even as it continues to recruit agents. The Softbank-backed brokerage, which has raced to slash spending in the wake of Covid-19, said it would reduce salaries by 10 to 50 percent, according to an internal document reviewed by The Real Deal.

There is increasing confusion over the future of short-term private accommodation rental brand Stay Alfred. The U.S.-based high-end property platform suspended operations at the beginning of April, as the coronavirus outbreak took a firm grip on cities across the country and travelers were urged to stay at home.

As coronavirus spread through the US cities affecting millions of households and forcing almost a country-wide shutdown, it coincided with the start of an apartment leasing season. This is the time of the year almost half of all renters in the US start switching apartments. If you were like me looking to move, you did your research months ahead and picked out the buildings to tour, only to find yo...

The coronavirus has changed all aspects of everyday life and condo and co-op owners have not been immune. Staff aren’t showing up for their shifts, package deliveries aren’t being made—one landlord commented that his building cannot even receive mail, a big issue for tenants.

NoBroker,  a Bangalore-based startup that helps those looking to rent or buy an apartment connect directly with property owners, has extended its previous financing round to add $30 million to it.

Lex Markets Corp., a startup that allows investors to make small bets on commercial real estate, has added two new board members. Alicia Glen, a former deputy mayor of New York, and Marty Edelman, an attorney at Paul Hastings, are joining the company as directors.