Airbnb reported revenue grew 58 percent in the second quarter from a year earlier to $2.1 billion, reflecting its strongest second quarter ever. The company also recorded $379 million of net income, the highest ever for that period.
WeWork management has maintained that more customers are drawn to its flexible office space offering as they attempt to figure out long-term real estate strategies in a new world of hybrid and remote work. It now has 62,000 subscriptions to its...
Freddie Mac expects multifamily origination volume to slow in the second half of 2022, reports Multi-Housing News. A recent survey shows nearly one third of Americans now expect to check in on work when taking time off, according to Fortune. These...
The MTA may not regain 100 percent of pre-pandemic crowds across its entire system until about 2035. Yet, ridership on the weekend for the subway is around 70 percent of pre-pandemic levels.
Lonestar Airport Holdings says it spent smore than $32.5 million after signing a contract six years ago to revive a largely abandoned auxiliary terminal at Austin-Bergstrom International Airport. But the city now wants to end the lease 34 years...
Marriott’s earnings report underscores the recovery in the hotel sector, reports The Wall Street Journal. Multifamily Dive looks at how many more apartment units the U.S. needs to build. These are among today’s must reads from around the...
Irving’s city council is set to vote Thursday on a package with a value of more than $30 million for the new Wells Fargo campus. The facility would serve as a regional hub for the San Francisco-based bank.
In some cities, most of the workforce has already returned to the office, reports The New York Times. Commercial Observer looks at how real estate attorneys are helping investors close deal in a more challenging environment. These are among today...
The Atlanta-based company is working with a financial adviser on the potential sale. Other logistics firms and investment funds have expressed preliminary interest in acquiring the business.
