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

GeekWire

Amazon Web Services had embarked on a data center building boom to handle soaring demand as attendees gathered for its 2019 re:Invent conference in Las Vegas. Eleven data center deals are now the subject of a suit by Amazon vs. two former AWS real estate managers and others. GeekWire Photo / Todd Bishop).

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Zillow Group CEO Rich Barton on why he’s bullish about real estate despite pandemic

GeekWire

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 GeekWire Photo/Kevin Lisota). billion, up 148% year-over-year and ahead of the $1.02

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Seattle office market continues to struggle as vacancy rates rise for ninth consecutive quarter

GeekWire

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%

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JLL reinvents itself for the AI era

CIO Business Intelligence

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.

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Census data shows Seattle-area population rose again last year after pandemic dip

GeekWire

King County had net domestic outmigration of -16,035 in 2022, compared to -37,655 in 2021. million) was the first for the county since the early 1970s, according to Data Commons. had net domestic outmigration of -9,421 in 2022, compared to -57,611 the prior year. King County’s population dip from 2020 (2.27

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Redfin data shows more homeowners looking to move out of Seattle and San Francisco

GeekWire

Redfin published new data Thursday showing year-over-year increases in the number of Redfin users based in San Francisco, Seattle, Washington, D.C., in the second quarter, the second-largest jump of the top 10 metros ranked by net outflow of users. Data from Realtor.com shows 18 of the top 50 U.S. ” (Redfin Chart).

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Redfin beats Q4 earnings estimates with $244M in revenue and record traffic

GeekWire

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 Redfin and other real estate tech companies including fellow Seattle giant Zillow Group are benefiting from a strong U.S. million, up from 30.6 million from $80.8 million in 2019.