Tag: Media

Guggenheim CIO Pays $12.5 Million For Two Miami Penthouses, Forming City’s Largest Condo
By: Date: July 18, 2021 Categories: Business,Editors' Pick,Media,Real Estate,Uncategorized Tags: , , ,
guggenheim-cio-pays-$12.5-million-for-two-miami-penthouses,-forming-city’s-largest-condo

A view inside one of Scott Minerd’s two new penthouses. Bill Hernandez of Douglas Elliman In yet another sign of the white-hot residential market in Florida, Guggenheim Partners chief investment officer Scott Minerd bought a pair of penthouses in Miami for $12.5 million, sources familiar with the transaction tell Forbes. The purchases comprise an entire…

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SoftBank-Backed Better.Com Places Top Executive On Leave After Bullying Complaints
By: Date: July 15, 2021 Categories: Business,Editors' Pick,Media,Real Estate,Uncategorized Tags: , , ,
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Better.com chief product officer Elana Knoller. Patrick McMullan via Getty Images There’s more executive turmoil swirling at Better.com, one of the mortgage industry’s hottest new startups, and it’s hitting just days after reports that SoftBank is investing $500 million of new funding that values the business at $6 billion. Elana Knoller, Better’s chief product officer,…

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Inside Larry Ellison’s $1 Billion Real Estate Portfolio
By: Date: July 7, 2021 Categories: Business,Editors' Pick,Media,Real Estate,Uncategorized Tags: , , ,
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Larry Ellison pictured at his Palm Springs home. Jamel Toppin/The Forbes Collection Serial trophy home buyer Larry Ellison has added another prize to his vast real estate collection after purchasing an $80 million mansion in North Palm Beach this week, the third largest oceanfront home in the posh Florida county. The six-acre property—inside a gated community—boasts…

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One Of Florida’s Biggest Real Estate Investors Says Market Is Headed For A Correction
By: Date: July 6, 2021 Categories: Business,Editors' Pick,Media,Real Estate,Uncategorized Tags: , , ,
one-of-florida’s-biggest-real-estate-investors-says-market-is-headed-for-a-correction

Billionaire Jeff Greene speaks at a debate during his unsuccessful run for Florida governor in 2018. Wilfredo Lee/AP Photo Just before a power lunch at Sant Ambroeus in Palm Beach, real estate billionaire Jeff Greene picks up the phone to discuss the past year’s “huge migration” to southern Florida. “People have realized that they can…

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One Of Florida’s Biggest Real Estate Investors Says Market Is Headed For Correction
By: Date: July 5, 2021 Categories: Business,Editors' Pick,Media,Real Estate,Uncategorized Tags: , , ,
one-of-florida’s-biggest-real-estate-investors-says-market-is-headed-for-correction

Billionaire Jeff Greene speaks at a debate during his unsuccessful run for Florida governor in 2018. Wilfredo Lee/AP Photo Just before a power lunch at Sant Ambroeus in Palm Beach, real estate billionaire Jeff Greene picks up the phone to discuss the past year’s “huge migration” to southern Florida. “People have realized that they can…

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Chinese And Hong Kong Billionaires On Top As Global Real Estate Fortunes Surge $151 Billion
By: Date: June 28, 2021 Categories: Business,Editors' Pick,Media,Real Estate,Uncategorized Tags: , , ,
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Lee Shau-kee, the world’s richest real estate billionaire. David Wong/South China Morning Post via Getty Images The world’s real estate billionaires collectively added $151 billion to their fortunes in the past year, driven by a spike in Asian markets, according to the 2021 Forbes Billionaires rankings. The 215 real estate moguls have a combined net…

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Zillow Cofounders Debut On Forbes Billionaires List Amid White-Hot Residential Market
By: Date: June 25, 2021 Categories: Business,Editors' Pick,Media,Real Estate,Uncategorized Tags: , , ,
zillow-cofounders-debut-on-forbes-billionaires-list-amid-white-hot-residential-market

Richard “Rich” Barton, cofounder and CEO of Zillow. Andrew Harrer/Bloomberg Zillow cofounders Rich Barton and Lloyd Frink debuted on the Forbes Billionaires list on Tuesday following a heady year both for their company and the broader residential real estate market. Barton, 53, joins the rankings with a net worth of $2.2 billion and Frink, 56,…

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Compass Cofounder Robert Reffkin Is Worth $500 Million Following IPO
By: Date: June 12, 2021 Categories: Business,Editors' Pick,Media,Real Estate,Uncategorized Tags: , , ,
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Compass CEO Robert Reffkin, pictured in 2019. (Photo by Brad Barket/Getty Images for Fast Company) Getty Images for Fast Company Nine years after its founding, real estate brokerage Compass went public on Thursday, minting a huge windfall for the company’s investors and employees. As of early afternoon Eastern Time, cofounder and CEO Robert Reffkin was…

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SoftBank-Backed Compass To Begin Trading After Trimming IPO Plans
By: Date: June 12, 2021 Categories: Business,Editors' Pick,Media,Real Estate,Uncategorized Tags: , , ,
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Robert Reffkin, cofounder and chief executive officer of Compass. (Photo by Cate Dingley/Bloomberg) © 2019 Bloomberg Finance LP Compass, the fast-growing real estate brokerage backed by SoftBank, is expected to go public on Thursday on the New York Stock Exchange. Shares are currently priced at $18, giving the nine-year-old firm a valuation close to $7…

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Opendoor Seeks To Cash In On Hot Market—Again—With $680 Million Public Offering
By: Date: May 27, 2021 Categories: Business,Editors' Pick,Media,Real Estate,Uncategorized Tags: , , ,
opendoor-seeks-to-cash-in-on-hot-market—again—with-$680-million-public-offering

Eric Wu, cofounder and CEO of Opendoor, pictured in 2018. (Photographer: David Paul Morris/Bloomberg) © 2018 Bloomberg Finance LP Barely a month after going public as part of the SPAC boom, Opendoor is raising money once again. On Tuesday, the company announced that it plans to sell another 24 million shares of common stock—worth approximately…

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