Residential Archives | Page 27 of 43 | CREtech
Back in September, the online real-estate platform made a splash announcing its merger with one of venture capitalist Chamath Palihapitiya’s prized special-purpose acquisition companies as a means to a public offering. The move essentially combined a few of 2020’s hottest trends: a SPAC, a disruptive touchless technology and housing fever. Together, they have brought much hype to an unproven b...
The housing market is one of the starkest examples of the disparate impacts of the pandemic on America’s citizens. In August, the Aspen Institute released a report that estimated 30 million to 40 million America...
For years, single-family home builders have lamented that they can’t build affordable, first-time starter homes and still make a profit. That started to change in 2019, when, after sales of luxury and move-up homes dwindled in 2018, builders such as Meritage, Lennar, and KB Home followed the lead of D.R. Horton’s Express brand and pivoted toward entry-level product. The surprising part was the...
One of the largest commercial real estate services companies in the U.S. just added another service. JLL has launched a division specifically for advising
Opendoor’s IPO last month crowned CEO Eric Wu a billionaire. It quintupled the value of SoftBank’s stake to $2.3 billion. And it reaped early investor Khosla Ventures a 36x return — on paper. After merging with a blank-check company last month, the iBu...
Shares of real-estate investment trusts that are big owners of rental apartments in New York, San Francisco and other large urban areas got clobbered last year as investors worried about the pandemic’s impact on cities.
Investors are buying hotels and turning them into rental apartments, in the latest sign of how the Covid-19 pandemic is changing the American real-estate market. These buyers are trying to take advantage of the
