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  • LATEST NEWS

Real Estate

Report: Jeff Bezos sells $63M mansion near Seattle — a record price for Washington state home sale

Amazon founder Jeff Bezos is the seller of a $63 million mansion in Hunts Point, Wash., just east of Seattle, the Puget Sound Business Journal reported Thursday. The newspaper, which… Read More

Fireballs, foxholes, and cryogenic suspension: Redfin CEO Glenn Kelman’s greatest quips

We’re going to miss Glenn Kelman’s earnings calls. Redfin’s CEO, who last week announced a $1.75 billion deal to sell the tech-driven real estate company to Rocket Companies, has a… Read More

Google sets long-term plan to exit Seattle’s Fremont neighborhood, consolidate in South Lake Union

The Center of the Universe is getting less Googley. Google confirmed Friday that the company plans to bring all its employees in Seattle together at its South Lake Union campus,… Read More

Redfin CEO addresses ‘painful’ restructuring; stock dips 11% after Q4 earnings miss expectations 

This story originally appeared on Real Estate News. Redfin closed out 2024 with a healthy bump in revenue, but profits were lower as the company continues to adjust to its… Read More

Zillow vets launch HouseWhisper, giving real estate agents an AI assistant to help with workload

Three veterans of Zillow Group who helped turn the Seattle real estate company into a tech powerhouse have joined forces to launch a new startup that relies on generative AI… Read More

Redfin to lay off 450 employees after inking new rentals partnership with Zillow Group

This story originally appeared on Real Estate News. While a new listings partnership between Redfin and Zillow is expected to benefit both companies in the long run, it comes at a… Read More

Redfin sees uptick in downtown Seattle apartment rents, and watches for further Amazon effect

The median asking rent for an apartment in downtown Seattle rose for the first time in 17 months, according to a new analysis by real estate company Redfin. The bump… Read More

Zillow makes job cuts after reorganizing agent software and advertising teams

Seattle-based real estate company Zillow Group laid off an unspecified number of employees, the company confirmed Friday. According to a statement from Zillow to GeekWire, the cuts impacted roles on… Read More

Redfin lays off 46 employees in latest cuts at Seattle real estate company

Redfin laid off 46 employees on Thursday, in another round of job cuts at the Seattle-based real estate company. A spokesperson confirmed the layoffs, which affected “primarily managers in our… Read More

Zillow is the future of the Multiple Listing Service, says Compass CEO

[This story originally appeared on Real Estate News.] BOSTON — Compass CEO Robert Reffkin has been vocal in his opposition to the National Association of Realtors’ Clear Cooperation Policy, which requires… Read More

Get in the picture: High-tech ‘Portal’ is a visual delight for those entering Seattle office building

Stepping into work never looked this good. A digital “moment of zen” has taken shape at a downtown Seattle office building, using cutting-edge technology and AI tools to showcase iconic… Read More

Seattle home-inspection services startup Inspectify raises $5.3M

Seattle-based home-inspection services startup Inspectify raised $5.3 million in new funding. Founded in 2019, the company provides inspection software and a booking platform for home, property, and rental inspections. It… Read More

Zillow expands AI home search capabilities in tech race among major real estate portals

Zillow says users of its AI-powered residential real-estate search feature will be able reference additional criteria when searching for homes using natural language, including commute time, schools, nearby points of… Read More

Podcast

Zillow Group has a new CEO: Rich Barton hands reins to longtime exec Jeremy Wacksman

Zillow Group named a new CEO, longtime company executive Jeremy Wacksman, announcing that co-founder and two-time CEO Rich Barton will be shifting to the new role of co-executive chair of… Read More

Allen Institute for AI’s new office lease bolsters an emerging artificial intelligence corridor in Seattle

Despite its significance in the world of artificial intelligence, the Allen Institute for AI (AI2) can be tough to find in its current nondescript home on the northeast side of… Read More

WeWork plans to hold onto five more co-working spaces in Seattle area

WeWork plans to hold onto five more of its co-working spaces — bringing the total to 10 — in the Seattle area as part of its effort to renegotiate leases… Read More

Zillow CEO on NAR settlement fallout: ‘Resist the urge to chaos’

[This story originally appeared on Real Estate News.] SCOTTSDALE, Ariz. — When looking toward Zillow’s future, CEO and co-founder Rich Barton emphasized the company’s tech-influenced past — and tech-heavy present —… Read More

WeWork files motion to hold onto another co-working space in Seattle amid restructuring

WeWork is looking to hold onto another location in Seattle, negotiating new terms with its landlord and filing a court motion Monday to remain in the 15th and Market building… Read More

Global health nonprofit PATH moving to new HQ space in Seattle that was once home to Tableau

PATH, the global health nonprofit, is moving to a new headquarters space in Seattle’s Fremont neighborhood after 15 years in South Lake Union. PATH announced a lease agreement Thursday with… Read More

Redfin trims losses in Q4 as it navigates ‘dreadful’ housing market

Redfin shares were down more than 2% in after-hours trading after the company reported its fourth quarter earnings. Related: Redfin targeted in new commissions suit blasting buyer agents via RealEstateNews.com.

Zillow calls immersive home tours on Apple Vision Pro ‘the next best thing to being there in person’

Zillow is embracing the new Apple Vision Pro as the ultimate way to experience interactive home tours, launching its Zillow Immerse experience in the App Store. The Seattle-based real estate… Read More

WeWork closing co-working office space in Seattle’s Capitol Hill amid bankruptcy fallout

Co-working giant WeWork is closing a signature Seattle location amid its efforts to restructure and survive its recent bankruptcy filing. The global office space company will close its space in… Read More

Amazon’s birthplace is back on the market: Visitors flock to the house ‘where it all started’

BELLEVUE, Wash. — With an asking price of $2.28 million, the three-bedroom, two-bathroom house at 10704 NE 28th St. is one of the most affordable single-family homes on the market… Read More

Zillow Group sues listing services in Arizona and Wisconsin over ShowingTime access

Zillow Group and ShowingTime have announced a new lawsuit against the Arizona Regional Multiple Listing Service (ARMLS) and Wisconsin’s Metro Multiple Listing Service (Metro MLS) over what the tech giant… Read More

Slalom moving its HQ and name to ‘Hawk Tower’ near Seattle sports stadiums

A new company will make its nest in Seattle’s “Hawk Tower” in the new year. Seattle-based business and technology firm Slalom Consulting is moving its headquarters into the glass skyscraper at 255… Read More

Redfin ready for a ‘revolution’ after commissions verdict

[This story originally appeared on Real Estate News.] Redfin is on the “right side of history” in the wake of the verdict against the National Association of Realtors and others in… Read More

Redfin revenue dips 12% in Q3 to $269M as it navigates slow housing market

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 million in the… Read More

Seattle office space demand is lowest among U.S. cities measured in new report

The demand for office space in Seattle is the lowest among all cities measured in a new report from VTS, a commercial real estate technology platform. The VTS Office Demand… Read More

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

[This story originally appeared on Real Estate News.] Zillow shared some good news with investors Wednesday, reporting $496 million in revenue for the third quarter, representing a 3% increase from the… Read More

Zillow Group acquiring Follow Up Boss for up to $500M in quest for ‘housing super app’

[This story originally appeared on Real Estate News.] Zillow Group is adding to its arsenal of agent tools with the acquisition of Follow Up Boss, a popular customer relationship management system for… Read More

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