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Archive for the ‘Real Estate Articles’ Category

Seattle: Bidding war for $330,000+ home that was too filthy and hazardous for anyone to even tour

A Bothell, Seattle hous -- so filled with garbage, water damaged, and hazardous that the real estate agent didn't allow anyone inside -- just sold in a bidding war for more than its $330,000 list price. Only one photo, of the exterior, was provided in the listing. There were 17 offers; the buyer and final ...

UPDATE: Los Angeles-based CREXi raises $30 million for its online real estate marketplace

Los Angeles is one of the most desirable locations for commercial real estate in the United States, so it’s little wonder that there’s something of a boom in investments in technology companies servicing the market coming from the region. It’s one of the reasons that CREXi, the commercial real estate marketplace, was able to establish ...

Los Angeles-based Luxury Presence raised $5.4 million for its real estate marketing services

Real estate is a big business in the sprawling city of Los Angeles and new technology tools to target the industry continue to attract investor attention. The latest of these is Luxury Presence, which pitches digital marketing services to real estate agents and has raked in $5.4 million in financing to support the buildout of ...

Perch, now called Orchard, raises $36M to simplify home buying and selling

Perch, the vertically integrated platform for buying and selling homes, has today announced the close of a $36 million equity round led by Navitas, with participation from existing investor FirstMark Capital, Juxtapose and Accomplice. The company is also announcing that it is rebranding from Perch to Orchard. Orchard launched in September of 2017 with a ...

Domio raises $100M in equity and debt to take on Airbnb and hotels with its curated apartments

Airbnb has well and truly disrupted the world of travel accommodation, changing the conversation not just around how people discover and book places to stay, but what they expect when they get there, and what they expect to pay. Today, one of the startups riding that wave is announcing a significant round of funding to ...

The last decade in real estate, and a peek into the next one

New real estate technology 2.0 entrants would do well to learn from the mistakes of their 1.0 predecessors as they scale in coming years.       ...

Jiji raises $21M for its Africa online classifieds business

Pan-African digital classifieds company Jiji has raised $21 million in Series C and C-1 financing from six investors, led by Knuru Capital. The Nigeria based venture, co-founded by Ukrainian entrepreneur Vladimir Mnogoletniy, has an East to West presence that includes Ghana, Uganda, Tanzania, and Kenya. Buyers and sellers in those markets use Jiji to transact ...

Airbnb invests as Zeus corporate housing raises $55M at $205M

As Airbnb absorbs more and more of the demand for housing, it’s exploring how to monetize opportunities beyond vacation rentals. A marketplace for longer term corporate housing could be a huge business, but rather than build that itself, Airbnb is making a strategic investment in one of the market leaders called Zeus Living and will ...

In a race against Travis Kalanick, Kitchen United aims to **** with kindness; here’s its playbook

Cloud kitchens, ghost kitchens, dark kitchens. No doubt by now you know a little about these businesses that are moving into underused or more affordable properties that can be turned into shared workspaces for the purposes of cooking up meals exclusively for delivery. You probably also know that former Uber CEO Travis Kalanick has been ...

For sale: Decommissioned underground missile complex in Arizona

This decommissioned underground missile complex near Tucson, Arizona can be yours for just $400,000. The property sits on (under) 12 acres of land. A true fixer-upper, this unique piece of real estate would make an excellent starter lair for a supervillain family. Titan II missile not included. Here is the listing on Zillow.