real estate

Are Zillow’s and Its Premier Agents’ Interests Becoming More Closely Aligned?

Are Zillow’s Interests Now More Closely With Agents? Zillow is undergoing some dramatic changes.  We will briefly examine two such changes, seeking to determine whether they have brought Zillow’s interests and those of its Premier Agents into closer alignment. First Change – Best of Zillow The first change we will discuss is the roll out of the Best of Zillow badge, through which Zillow recognizes the top Premier Agents.  To… Read More »Are Zillow’s and Its Premier Agents’ Interests Becoming More Closely Aligned?

WeWork Watch – Event Driven (IPO)

Is there any Justification for Valuing WeWork’s Leased Space at $1,000 Per Square Foot? WeWork (new name: The We Company) leases spaces from some very sophisticated landlords including TIAA-CREF, Boston Properties, Beacon Capital Partners and Moinian Group.  In theory, WeWork has a simple business model, leasing office space and then subleasing the space to businesses ranging from start-ups to Fortune 500 companies. A substantial part of the business model is… Read More »WeWork Watch – Event Driven (IPO)