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Zillow Group real estate rival Compass files for IPO, shows $3.7B in revenue for 2020

GeekWire

Compass CEO Robert Reffkin in 2019 after cutting the ribbon on the real estate brokerage’s tech center in Seattle’s South Lake Union neighborhood. Real estate brokerage Compass filed for an IPO on Monday. billion in revenue last year, up 56% year-over-year, with a net loss of $270 million, down from $388 million in 2019.

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Zillow Group ‘well positioned to thrive’ despite commissions trial outcome, CEO Rich Barton says

GeekWire

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. billion. .

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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. Commercial real estate covers many different things,” Morin says. “We

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Redfin will buy Bay Equity Home Loans for $135M in bid to boost mortgage business

GeekWire

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).

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Porch Group announces two more acquisitions for a total of more than $94 million

GeekWire

Other recent acquisitions include title software company Rynoh, of Virginia Beach, Va., Porch provides enterprise software to home services companies in areas such as home inspections, moving, real estate, and insurance. Its quarterly net loss widened to $16.3 million, from $184 million previously.

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Porch makes $35M acquisition; reshuffles board; revenue up 200%; loss grows; PPP loan forgiven

GeekWire

Its quarterly net loss widened to $16.3 New acquisition: Porch announced the acquisition of title software company Rynoh , of Virginia Beach, Va., ” Porch provides enterprise software to home services companies in areas such as home inspections, moving, real estate, and insurance. million, vs. a loss of $6.3

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Porch Group makes unusual promise in latest acquisition — guaranteeing its stock will double

GeekWire

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.”. ”

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