Residential Archives | Page 42 of 43 | CREtech
Opendoor, which halted purchases in March and laid off more than a third of its staff as the coronavirus kept U.S. homebuyers indoors, will resume operations in Phoenix this week, with plans to reopen in more than 20 additional markets in the months ahead.
Common unveils property manager for workforce housing. Common, a company known for high-end communal living, is getting into the affordable housing business. The co-living firm revealed Monday that it has launched a brand geared towards workforce housing.
Short-term rentals in a luxury high-rise — what could go wrong? Try “nightmarish living conditions” ranging from armed robbery to harassment, according to a lawsuit by two tenants at 20 Broad Street in the Financial District.
Tom Barrack said the U.S. property market is in “chaos” and still on the verge of collapse because the federal government and local authorities are allowing renters and homeowners to skip payments because of the coronavirus. “We haven’t had a crisis like this,” Barrack, chief executive officer of Colony Capital Inc., said in an interview Friday on...
The nation’s largest real estate listings platform is allowing its employees to work from home for the rest of the year. “My personal opinions about WFH have been turned upside down over the past 2 months,” Rich Barton, CEO of Zillow, tweeted Friday. “I expect this will have a lasting influence on the future of work … and home. Stay safe.”
News that Magic Leap laid off half its staff and abandoned its consumer ambitions may sound like a nail in the coffin for the augmented reality industry. But the most well-funded startup in the space had struggled before the coronavirus pandemic, and there are signs that demand for AR and virtual reality...
Web traffic to for-sale home listings on Zillow fell off dramatically in mid-March as the U.S. coronavirus outbreak began in earnest and stay-at-home orders were expanded, effectively shuttering large parts of the economy. But by mid-April, overall visits to for-sale homes had rebounded to levels — perhaps surprisingly — that are actually slightly higher than a year ago.
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.