article thumbnail

WeWork shutting down Ballard location in Seattle as it restructures real estate footprint

GeekWire

WeWork is closing its location in the Ballard neighborhood of Seattle less than two years after the space opened as the office-sharing company restructures its real estate footprint amid continued fallout from the COVID-19 pandemic. WeWork reported a net loss of $2.06 (WeWork Photo).

article thumbnail

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

GeekWire

Eleven data center deals are now the subject of a suit by Amazon vs. two former AWS real estate managers and others. Two of the participants in the August 2017 meeting — Casey Kirschner, an AWS real estate manager, and Carl Nelson, Kirschner’s boss and mentor — were leading that physical expansion for Amazon.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Redfin beats Q3 estimates but stock dips; CEO says company’s tech is a ‘passport to a new life’

GeekWire

Revenue was down 1% year-over-year while net income more than quadrupled. “Redfin’s increasing share of North America’s online real estate audience, coupled with a strong housing market, has generated demand faster than we can recruit agents, lenders and partners,” Redfin CEO Glenn Kelman said in a statement.

article thumbnail

Law firm is strictly watching the Houser LLP data breach

Dataconomy

All details regarding the Houser LLP data breach In a disclosure made to the office of Maine’s attorney general on Wednesday, it was revealed that during the incident related to the Houser LLP data breach, certain documents were not only encrypted but also illicitly extracted from the company’s network.

Data 36
article thumbnail

Porch makes stock market debut, raising $322M to fuel its ambitions in home services technology

GeekWire

A recent example was San Francisco-based homebuying company Opendoor Technologies, which went public via SPAC on Monday as a potential bellwether for Porch’s debut as another company in the real estate sector. It posted a net loss of $103 million last year on revenue of $77.6 closing price the day before, as of 7:35 a.m.

article thumbnail

Tech Moves: Expedia board director Skip Battle resigns; Madrona promotions; Vacasa’s new CFO

GeekWire

Its net loss for the first nine months of this year was $2.2 She succeeds co-founder David Brown, who will remain on the board of the global network for entrepreneurs. Based in New York City, Gavet was most recently COO at real estate startup Compass. The company posted revenue of $4.2 billion in 2019. Jamie Cohen.

Groups 69
article thumbnail

Lynk & Co will make you rethink outdated ideas of car ownership

The Verge

That’s valuable real estate that could otherwise be returned to people. The €500/month fee covers insurance, warranty repairs, roadside assistance, and maintenance by Volvo’s dealer network. Seats made from recycled fishing nets. A VW Up from Geenwheels next to the Lynk & Co 01 PHEV in Amsterdam.

Examples 116