Inside

THE NETWORK OF EMAIL NEWSLETTERS | Login

Inside Real Estate

Inside Real Estate (Jul 15th, 2017)

This Saturday edition contains a report on real estate's ongoing attempts to standardize listing data, the latest on StreetEasy's battle in New York, and the data opportunity that exists in commercial real estate. This special overview is for Inside Real Estate premium subscribers only. On Saturdays, in addition to news, we provide analysis on key sectors in real estate. Let us know what you'd like to see next at realestate@inside.com. To sign up, click here!

Thank you for reading,

Deidre

  • Email gray
  • Permalink gray

A placeholder page on the Amazon website this week prompted speculation that the internet giant may be entering the real estate business. Amazon has since removed the “Hire a Realtor” page but not before the widespread reporting of the news caused Zillow shares to temporarily dip. Currently, Amazon’s Home and Business Services section offers house cleaning, home improvement, and a variety of other services. – SEATTLE TIMES

Email x1 hire a realtor page 2 768x491
  • Email gray
  • Permalink gray

WeWork has raised $760 million in a funding round, bringing the startup’s total valuation to $21 billion. The investment makes the company the fifth most valuable startup and puts it ahead of real estate investment trusts including Vornado Realty Trust and Boston Properties. Combined with the $300 million from SoftBank announced earlier this year, the total size of the funding round is approximately $1 billion. WeWork continues to expand internationally as well as growing its enterprise services for large companies. – CNBC

Email x1 800x 1 2
  • Email gray
  • Permalink gray

Open Listings, a residential real estate startup that offers buyers a reduced commission model, has raised $6.5 million in Series A funding. Open Listings is licensed as a brokerage in states of California and Washington and promises a 50 percent commission refund to home buyers based on the commission paid by the seller. Open Listings was a Y Combinator startup in 2015. Ilya Sukhar of Matrix Ventures, which led the funding round, will join the company’s board of directors. The company will use the funding for expansion to additional states. – TECHCRUNCH

Email x1 product photos mobile screens 2
  • Email gray
  • Permalink gray

New York City’s only casino, Resorts World Casino in Queens, has broken ground on a $400 million expansion at the Aqueduct Racetrack. The project from Malaysia’s Genting Group includes a 400-room four-star hotel, retail space, and four restaurants include one from a celebrity chef. The project is estimated to be completed in 2019 and bring in $200 million and 1,000 jobs to New York. – CRAINS

Email x1 resorts world nyc phase 1 rendering resized
  • Email gray
  • Permalink gray

Abodo’s midyear report on multifamily rentals showed that rental prices are mostly staying flat at the national level. The national median rent for a one-bedroom apartment is $1,016, the same as it was at the start of the year. Rents increased in 26 states and the District of Columbia over the past six months. States with the largest increases included South Carolina, Maine, Vermont, and Rhode Island. Decreases were seen in Utah, Oklahoma, Pennsylvania, and Connecticut. At the city level, New Orleans and Houston saw rents rise while some midwestern cities including Fort Wayne, Indiana, and Lincoln, Nebraska saw prices fall. – MERCURY NEWS

Email x1 july half year 2017 06 1024x770
  • Email gray
  • Permalink gray

London Mayor Sadiq Khan has confirmed that the city will add 50,000 affordable homes to rent and buy over the next four years. The £1.7 billion deal with councils and housing associations is part of the mayor’s London Living Rent and Shared Ownership plan that promises to deliver 90,000 new homes by 2021 to help ease the city's housing woes. The homes will be built in all 32 boroughs of the city by 44 housing providers. Sites have already been identified and bought for almost half the homes. – TELEGRAPH

Email x1 104190072 mcc0071722 pic %c3%82%c2%a9eddie mulholland mayor of london sadiq khan at city hall. large trans nvbqzqnjv4bqd3d2dmolwyuqkr76xzjlqevfx p6sfmi1h6mobw3wqs.jpg
  • Email gray
  • Permalink gray

Nextdoor, a network of neighborhood social forums, is testing out a pilot program for real estate. The property section features real estate listings in the area. Agents and brokers are being invited to advertise on the site and promote both their properties and themselves. Nextdoor is also launching a “Neighborhood Sponsor” program which is being rolled out to markets in the San Francisco Bay, San Diego, Portland, Phoenix, Atlanta, and Dallas/Fort Worth areas. Nextdoor is increasingly used by local governments to communicate with citizens and recently announced a partnership with the National Oceanic and Atmospheric Administration to provide weather updates. – HW

Email x1 neighborhood sponsorship products2x
  • Email gray
  • Permalink gray
Special Report: Real estate's data wars Real estate has had a data problem for many years. For both residential real estate and commercial real estate, access to data is powerful. 
Content for premium users only

HOT PROPERTIES OF THE WEEK

Rosie O'Donnell has purchased a triplex penthouse in Manhattan for $8 million. The four-bedroom condo in the Sterling Plaza building is nearly  3,600 square feet and takes up the top three floors. The unit has a large living room with a wood-burning fireplace and city views. A rooftop deck includes an outdoor kitchen and bar. O'Donnell previously owned a Greenwich Village penthouse which she sold for $9 million in 2014. – 6SQFT 

Email x1 255 east 49th street ph 2
  • Email gray
  • Permalink gray

A penthouse in Tanjong Pagar Centre is Singapore’s most expensive listing at S$108 million ($78.18 million in US dollars). The Wallich Residence inside the Tanjong Pagar Centre is Singapore’s tallest residence and includes 181 homes. The three-story ‘Super Penthouse’ begins on the 62nd floor and includes 21,000 square feet of space making it the largest non-landed residence in Singapore. It has a private swimming pool, cabana, jacuzzi room, bar facilities, and an entertainment room. Luxury home prices in Singapore have fallen in recent years but some forecasters are predicting a turnaround. – MANSION GLOBAL

Email x1 giphy 3
  • Email gray
  • Permalink gray

Jeremy Piven has purchased a home in the Mount Olympus area of Los Angeles for $6.8 million. The 4,800-square-foot house overlooks the city with views from almost every window. The home has been extensively remodeled and has an open floor plan with rooms opening to the patio and outdoor seating. Outside there is an infinity-edged pool and fire pit area. The master suite has a wall-mounted fireplace and master bathroom with soaking tub. Piven’s Malibu home remains on the market for $10.495 million. – LAT

Email x1 la fi hotprop jeremy piven mount olympus house 006
  • Email gray
  • Permalink gray

How likely are you to recommend Inside Real Estate to a friend or colleague?

          

  • Email gray
  • Permalink gray

CLICK ROULETTE

UP CLOSE WITH MIAMI'S CURVY LADY

This is going to be BIG

  • Email gray
  • Permalink gray

Subscribe to Inside Real Estate

MORE NEWSLETTERS

Small x2 screen shot 2016 09 13 at 5.04.07 pm

Inside Amazon

The best source of in-depth news and analysis about Amazon

TWICE WEEKLY
Small x2 giphy 28

Inside Amazon

TWICE WEEKLY

SUBSCRIBED!

Share via

Small x2 screen shot 2016 10 04 at 4.44.03 pm

Inside AI

Bringing you the latest in Artificial Intelligence, Robotics, and Neurotechnology

WEEKLY
Small x2 giphy 31

Inside AI

WEEKLY

SUBSCRIBED!

Share via

Small x2 screen shot 2016 08 26 at 11.01.00 am

Inside Podcasting

Curating the resurgence of the spoken word

TWICE WEEKLY
Small x2 sbs

Inside Podcasting

TWICE WEEKLY

SUBSCRIBED!

Share via

Small x2 screen shot 2016 08 22 at 1.39.14 pm

Inside San Francisco

Fascinating news and highlights from around the Bay Area

DAILY
Small x2 mqhbsmc

Inside San Francisco

DAILY

SUBSCRIBED!

Share via