Zillow sues Compass for poaching execs, allegedly stealing trade secrets

Zillow Group slammed Compass with two lawsuits late Friday, alleging the SoftBank-backed brokerage hired three executives in violation of their non-competes as it staffed up its nascent tech hub in Seattle. The lawsuits also claim that Compass actively sought to obtain proprietary information from Zillow to avoid building its own technology. The suits — one… Read More Zillow sues Compass for poaching execs, allegedly stealing trade secrets

Zillow sues Compass for poaching execs, allegedly stealing trade secrets

Zillow Group slammed Compass with two lawsuits late Friday, alleging the SoftBank-backed brokerage hired three executives in violation of their non-competes as it staffed up its nascent tech hub in Seattle. The lawsuits also claim that Compass actively sought to obtain proprietary information from Zillow to avoid building its own technology. The suits — one… Read More Zillow sues Compass for poaching execs, allegedly stealing trade secrets

Access Industries Tapped CMBS Market for DTLA Ford Factory Buy

When it was time for Access Industries to finance its purchase of the former Ford Factory in L.A.’s Downtown Arts District, the CMBS market was a perfect fit. “A long-term fixed rate loan solution was the best execution given the predictable, income-producing profile of the property and the current low interest rate/spread ‎environment,” Jonah Sonnenborn, Access… Read More Access Industries Tapped CMBS Market for DTLA Ford Factory Buy

Everywhere a sign: New home construction falls in March

Adding another sign that the housing market is slowing down, new home construction in the U.S. fell last month to its lowest level since May 2017, despite declining mortgage rates. The news could signal that homebuilders are having a difficult time constructing cost efficient homes amid rising supply and labor costs. In March, overall construction… Read More Everywhere a sign: New home construction falls in March

Same-sex couples denied a mortgage nearly 75% more often than heterosexual couples: report

Same-sex couples have a much harder time securing a mortgage than heterosexual couples. That’s according to the results of an Iowa State University study of 30 million mortgages originated across the country between 1990 and 2015, Housing Wire reported. The study found that same-sex couples were 73 percent more likely to be denied a mortgage.… Read More Same-sex couples denied a mortgage nearly 75% more often than heterosexual couples: report

Everywhere a sign: New home construction falls in March

Adding another sign that the housing market is slowing down, new home construction in the U.S. fell last month to its lowest level since May 2017, despite declining mortgage rates. The news could signal that homebuilders are having a difficult time constructing cost efficient homes amid rising supply and labor costs. In March, overall construction… Read More Everywhere a sign: New home construction falls in March

Same-sex couples denied a mortgage nearly 75% more often than heterosexual couples: report

Same-sex couples have a much harder time securing a mortgage than heterosexual couples. That’s according to the results of an Iowa State University study of 30 million mortgages originated across the country between 1990 and 2015, Housing Wire reported. The study found that same-sex couples were 73 percent more likely to be denied a mortgage.… Read More Same-sex couples denied a mortgage nearly 75% more often than heterosexual couples: report

Mark your calendars: These are NYC’s top real estate events next week

Here are a couple of real estate events coming up next week! On April 25, NAHREP Queens is hosting a Branding Summit at Floral Terrace, 250 Jericho Turnpike from 1 p.m. to 4 p.m. This event will focus on the increasing importance of branding when it comes to building and maintaining success in the real… Read More Mark your calendars: These are NYC’s top real estate events next week