GeekWire

OCTOBER 9, 2020

After speaking with about 1,000 companies over the past six months, he estimates that many will be cutting their office space by as much as 40% to 60%. Boosting access to talent, reducing costs, and quality of life were among the benefits of remote work cited by companies in Herd’s informal survey. “Bet on cities.

Real Estate 100

Real Estate Trends Groups Report 100

GeekWire

MAY 14, 2020

The Seattle real estate giant on Wednesday announced pricing for stock and debt offerings that will provide up to $993 million in net proceeds. Zillow beat first quarter earnings expectations last week as CEO Rich Barton expressed optimism for the future of real estate amid the COVID-19 pandemic.

Real Estate 59

Real Estate Groups .Net Strategy 59

GeekWire

APRIL 4, 2024

It also marked the ninth straight quarter of negative net office absorption, which is calculated by the total amount of space leased minus the total space vacated in a given quarter. Companies are reducing real estate footprints with the adoption of hybrid work policies. In Seattle, vacancy rates increased from 16.6%

Real Estate 90

Real Estate Construction .Net Google 90

GeekWire

MAY 7, 2020

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. ” The Seattle real estate giant posted Q1 revenue of $1.1 The company reported a non-GAAP loss of $0.25, which beat expectations of -$0.38.

Real Estate 77

Real Estate Groups Virtualization .Net 77

GeekWire

MAY 7, 2020

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). housing market.”

Real Estate 53

Real Estate .Net Programming Report 53

GeekWire

FEBRUARY 16, 2023

The Seattle real estate giant reported $479 million in Q4 revenue, which beat expectations and surpassed the high end of its guidance range. That was the real estate company’s second round of layoffs last year, following an 8% workforce reduction in June. Shares were down 2% in after-hours trading.

Real Estate 90

Real Estate Company .Net Report 90

GeekWire

NOVEMBER 2, 2023

(GeekWire File Photo / Dan DeLong) [This story originally appeared on Real Estate News. And though the company was named as a defendant in a new commission lawsuit filed this week, “we have very good defenses,” he said. Net loss: $19 million, an improvement over the previous quarter’s net loss of $27.4

Real Estate 85

Real Estate .Net Programming Survey 85

GeekWire

AUGUST 2, 2023

Bigstock Photo / Postmodern Studio Zillow Group revenue rose slightly to $506 million in the second quarter, well ahead of its prior guidance of $451 million to $479 million for the three months ended June 30, the company reported Wednesday afternoon. billion visits, down 8% from a year ago. billion visits, down 8% from a year ago.

Real Estate 76

Real Estate Groups Advertising .Net 76

GeekWire

MAY 5, 2021

Redfin first quarter results : The Seattle real estate company saw a 40% surge in revenue in the first quarter, reporting $268 million in sales. Its gross profit soared 229% to $42 million, and its net loss was cut nearly in half to $36 million compared to the first quarter of 2020. Photo via Redfin. million, up from 35.5

Real Estate 102

Real Estate .Net Company Report 102

GeekWire

FEBRUARY 13, 2024

This story originally appeared on Real Estate News. Zillow had a good news, bad news sort of quarter: The company posted a significant net loss in Q4, but managed to pull in better-than-expected revenue from its residential and rental divisions to beat investor expectations.

.Net 76

.Net Groups Real Estate Report 76

GeekWire

NOVEMBER 1, 2023

Geekwire File Photo / Kevin Lisota) [This story originally appeared on Real Estate News. Net income/loss: Zillow reported a net loss of $28 million for Q3, which was slightly lower than the $35 million net loss from Q2 and significantly better than the $53 million net loss from Q2 2022.

Groups 93

Groups Real Estate .Net Industry 93

GeekWire

AUGUST 5, 2021

Seattle-based real estate company Zillow Group reported $1.3 Consolidated net income was $10 million. The company’s Internet, Media, and Technology (IMT) segment grew 70% in revenue year-over-year to $476 million. RELATED: Redfin revenue soars 121% in second quarter as net loss grows on RentPath acquisition.

Real Estate 116

Real Estate Trends .Net Groups 116

GeekWire

NOVEMBER 3, 2021

Aaron Fairchild, left, and Bec Chapin will be co-CEOs of the newly merged company Green Canopy NODE. With the merger, Bunnell has left day-to-day operations and is serving on the company’s board of directors. GreenCanopy NODE photo). “We’re in it together already,” Chapin said. “So let’s be together.”.

Construction 118

Construction Energy Company Real Estate 118

GeekWire

FEBRUARY 24, 2021

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 The company’s market capitalization is more than $9 billion. Redfin and other real estate tech companies including fellow Seattle giant Zillow Group are benefiting from a strong U.S.

Real Estate 118

Real Estate .Net Groups Survey 118

GeekWire

OCTOBER 5, 2021

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

Real Estate 137

Real Estate Programming Fractional CTO Security 137

CIO Business Intelligence

JULY 28, 2023

City skyscrapers and office parks may remain scarcely occupied in the post-pandemic work era, but commercial real estate player JLL’s business is not slowing down, thanks to the company’s embrace of technology and high-growth opportunities to adapt and prosper. Of course, JLL has only just begun to use generative AI and LLMs.

Real Estate 98

Real Estate CTO Hire Fractional CTO Data Center 98

GeekWire

JANUARY 11, 2022

Seattle real estate giant Redfin announced that it will pay an estimated $135 million in cash and stock to purchase Bay Equity Home Loans , a Bay Area-based mortgage lender that is active in 42 states and employs 1,200 people. It has also generated positive net income each of the last three years. (GeekWire Photo / Nat Levy).

Real Estate 117

Real Estate .Net Company Groups 117

GeekWire

AUGUST 3, 2023

(Redfin Image) Redfin shares dropped more than 10% in after-hours trading Thursday after the company reported a 21% drop in revenue as it continues to face headwinds from a slumping housing market. The Seattle real estate giant reported total revenue of $275.6 Due to the cost-cutting moves, the company’s U.S.

Real Estate 94

Real Estate Report .Net Construction 94

GeekWire

APRIL 13, 2023

(Redfin Photo) After predicting that the sluggish housing market had started to rebound in January, Redfin this week blamed real estate market conditions as part of the reason for its latest round of layoffs. ” The company has consistently cited lagging supply as a key factor in declining home sales.

Real Estate 116

Real Estate Report .Net Banking 116

GeekWire

OCTOBER 13, 2023

It also uses Whole Foods locations and Amazon Fresh grocery stores as return drop-off sites, and last year Amazon partnered with office supplies company Staples. The strategy lets Amazon grow its physical footprint for returns without adding real estate. The company reported net revenue of $1.53 year-over-year.

Real Estate 92

Real Estate Retail .Net Survey 92

GeekWire

NOVEMBER 9, 2023

GeekWire File Photo) With revenues declining and net losses increasing, Seattle-based Adaptive Biotechnologies on Thursday said it hired Goldman Sachs to help conduct a review of strategic alternatives for its Minimal Residual Disease (MRD) and Immune Medicine businesses. The company laid off 12% of its workforce last year.

Biotechnology 91

Biotechnology Real Estate .Net Conference 91

GeekWire

MARCH 30, 2023

King County had net domestic outmigration of -16,035 in 2022, compared to -37,655 in 2021. had net domestic outmigration of -9,421 in 2022, compared to -57,611 the prior year. And New York County (Manhattan) had a slight net domestic migration of 2,908 this year, compared to a net domestic outmigration of -98,566 the prior year.

.Net 82

.Net Real Estate Data Report 82

CIO Business Intelligence

JULY 28, 2022

Offering a diverse array of cloud solutions, IT Vortex’s customers include enterprises in industries from manufacturing and mining to fashion and real estate. We also took the opportunity to learn about specific steps the company, based in New Jersey, is taking to shrink its carbon footprint. It’s a humanitarian goal.”.

.Net 98

.Net Vmware Disaster Recovery Data Center 98

GeekWire

JULY 23, 2020

in the second quarter, the second-largest jump of the top 10 metros ranked by net outflow of users. Redfin noted that some homebuyers are moving to vacation spots such as Palm Springs permanently as companies implement work-from-home policies amid the pandemic. The portion of Seattle-based users searching elsewhere rose from 11.2%

Real Estate 134

Real Estate Data Policies .Net 134

GeekWire

FEBRUARY 27, 2024

Redfin shares were down more than 2% in after-hours trading after the company reported its fourth quarter earnings. million, while net loss of $22.9 million, while net losses shrunk to $130 million from $321.1 million, while net losses shrunk to $130 million from $321.1 Revenue was down 2% year-over-year to $218.1

.Net 79

.Net Report Real Estate Company 79

GeekWire

SEPTEMBER 9, 2021

Add two more companies and another $94.45 The Seattle-based home services technology company on Thursday announced the acquisition of home warranty policy provider American Home Protect (AHP) of Plano, Texas, for total consideration of $45.85 Other recent acquisitions include title software company Rynoh, of Virginia Beach, Va.,

Groups 103

Groups Insurance Real Estate .Net 103

GeekWire

OCTOBER 6, 2021

The Bay Area-based makers of quantum computers and processors announced Wednesday that it will merge with a SPAC called Supernova Partners Acquisition Company II in a deal that values Rigetti at $1.5 This is the second SPAC deal for the group, which previously acquired real estate company Offerpad and took it public earlier this year.

Hardware 143

Hardware Real Estate Groups IBM 143

GeekWire

FEBRUARY 2, 2021

” In a new blog post on Tuesday, Amazon’s global real estate chief John Schoettler offered up details on the architectural and ecological elements at PenPlace, the name of the site where Amazon will someday station 25,000 employees in the suburb of Washington, D.C. But that’s not Seattle’s Spheres.

Real Estate 111

Real Estate Architecture Construction Development 111

GeekWire

NOVEMBER 5, 2020

Revenue was down 1% year-over-year while net income more than quadrupled. Still, the company’s stock was down as much as 6% in after-hours trading. Kelman pointed to the company’s digital tools that enable virtual tours, video appointments with agents, and more. million from $745,000.

Real Estate 85

Real Estate Video Virtualization .Net 85

GeekWire

AUGUST 16, 2021

Seattle-based home services technology company Porch Group boosted its second quarter revenue by 200% to $51.3 Its quarterly net loss widened to $16.3 New acquisition: Porch announced the acquisition of title software company Rynoh , of Virginia Beach, Va., Rynoh contributed 1,099 companies to that total.

Insurance 106

Insurance Real Estate Groups Software 106

GeekWire

MAY 4, 2021

Zillow Group Q1 earnings : The Seattle real estate giant beat expectations with $1.2 Net income of $52 million was up from a $163 million loss in the year-ago period. Zillow Offers: The company’s home-buying segment brought in $704 million in revenue, down 9%, with a loss of $58.5 Geekwire Photo / Kevin Lisota).

Groups 108

Groups Real Estate .Net Trends 108

GeekWire

DECEMBER 22, 2020

Rich Barton is the co-founder of Zillow Group and Expedia, and an angel investor who has backed companies such as Avvo, Glassdoor and Nextdoor. Despite the pandemic, Barton’s net worth has soared in 2020 as shares of Seattle-based online real estate juggernaut Zillow Group more than tripled this year.

Real Estate 131

Real Estate .Net Groups Microsoft 131

GeekWire

OCTOBER 28, 2021

Big deals have become almost run-of-the-mill for Seattle-based home services tech company Porch Group , which has been acquiring an array of companies in areas such as home inspections, moving, real estate, and insurance. ” The net impact, he said, is “less dilution and more value for our shareholders.”.

Groups 99

Groups Insurance Real Estate Software 99

GeekWire

APRIL 5, 2023

“If you are looking for a local jurisdiction that does not impose a net income tax, but does tax capital gains, I don’t have an example.” The state law imposes a 7% tax on capital gains of more than $250,000 from the sale of stocks and bonds, excluding revenue from real estate and retirement accounts, among other exceptions.

Real Estate 144

Real Estate .Net Government Construction 144

GeekWire

NOVEMBER 2, 2023

Redfin met expectations for its third quarter earnings report with $269 million in revenue, down 12% year-over-year, and a net loss of $19 million, compared to $90.2 The slow housing market continues to impact the company’s brokerage business, which was down 18% to $166 million in revenue. million in the year-ago period.

.Net 85

.Net Business Continuity Report Real Estate 85

GeekWire

DECEMBER 24, 2020

Eight years later, he just took the company public from the same house. “We’ve now earned the opportunity to build what we set out to,” the Porch CEO said via video from Seattle on Thursday morning, thanking the company’s employees, investors and partners before the ceremonial ringing of the Nasdaq opening bell.

Real Estate 143

Real Estate Software Software Company 143

GeekWire

MARCH 1, 2022

Real estate gains, retirement accounts, and some sole-proprietor businesses are excluded, among other exemptions. But others believe the tax is a net-positive for the state’s business ecosystem. Early education and childcare would receive a majority of the funds. The tax has sparked a heated debate.

Real Estate 113

Real Estate Education .Net Construction 113