Real Estate - CybAI news

26 Sep

Singapore Entertainment Firm Neon Is Said to Weigh IPO Next Year

stp2y0 CommentsRAG modelsentertainment, IPOs, japan, Peru, Real Estate, Singapore, Technology, venture capital

Immersive entertainment group Neon is considering an initial public offering in Singapore that may raise as much as S$500 million ($389 million), according to people with knowledge of the matter.The company, which is backed by Temasek Holdings Pte.’s 65 Equity Partners, has interviewed financial advisers for a potential offering that could take place as soon as next year, the people said, asking not to be identified as the process is private. A first-time share sale may raise S$400 million to S$500 million, the people said. Source link lol

23 Aug

The Apartment Rental Market Is Rigged by Algorithms, a DOJ Lawsuit Alleges

stp2y0 CommentsAIartificial intelligence, housing, justice department, lawsuits, Real Estate

If you’ve rented an apartment in the US in the last several years, you may have had the sense that the game was rigged: Prices creep up not only at your building but at others throughout the city, seemingly in lockstep. A new civil lawsuit brought by the US Department of Justice today alleges that in many cases it’s not just in your head—and that a single company’s algorithm is to blame.That company is RealPage, a Texas-based firm that provides commercial revenue management software for landlords. In other words, it helps set the prices of apartments. But it does so,…

17 Aug

Real Estate Agent Commissions Are Changing. Here’s How It’ll Work

stp2y0 CommentsRAG modelsGovernment, Indiana, Indianapolis, Jake Johnson, JULY SARL/CAEN, Missouri, New Jersey, Real Estate, REDFIN CORP, regulation, Technology

Real estate agents and US housing experts have had the date circled on their calendars for months: Aug. 17, when the terms of a class-action settlement over industry compensation practices will take effect.The changes laid out in the agreement are technical, revolving around paperwork consumers complete at the beginning of the buying or selling process, and they add new wrinkles to an already complicated undertaking. Agents currently command a 5% or 6% fee that gets divvied up between both sides, but the rules are poised to shift power away from them, and drive down commissions over time. Source link lol

09 Aug

Millions Meant for a National ID System Instead Benefited Congo’s Elites

stp2y0 CommentsRAG modelsarchitecture, cities, Congo, Government, Kinshasa, Private Equity, Real Estate, shopping, Technology, Unemployment, World Bank

In Congo’s second city of Lubumbashi, a blue glass-and-steel shopping mall towers over the dust-blown skyline, dwarfing the surrounding colonial-era architecture. In 2018, then President Joseph Kabila was guest of honor at the development's opening ceremony, using a pair of golden scissors to cut a ribbon printed in Congo’s national colors of yellow, red and blue.Six years later, the $25 million Hypnose complex stands as a monument to the corruption that has long dogged the vast central African nation. It illustrates how money intended to develop a national ID system was leveraged to serve a small number of elite with…

08 Aug

Chinese Swap Handbags for Trips as ‘Experience Economy’ Booms

stp2y0 CommentsRAG modelschina, China Renminbi Spot, Consumer Spending, food, Home Prices, LVMH MOET HENNESSY LOUIS VUI, Real Estate, Tax Revenue, Technology, Tourism, travel

Watching orders dwindle as China’s housing market slumped, factory owner Zheng Weirong decided to take action and protect his steel business from the real estate downturn.Betting on a tourism revival, he wound down a production line making metal bars in 2021 and shifted investment to producing container-sized cabins, often used as guest houses. The pivot paid off, with demand exploding last year after Chinese travel rebounded following the lifting of pandemic restrictions. Source link lol

08 Aug

About 1,200 Tech Workers Sign Letter Backing Kamala Harris

stp2y0 CommentsRAG modelsAPPLE INC, Billionaires, education, Julia Collins, Kamala D Harris, law, META PLATFORMS INC-CLASS A, Real Estate, SALESFORCE INC, Technology, U.S. Democrats

A group of about 1,200 technology workers have pledged to back Kamala Harris’ presidential bid — part of an effort to show wide industry support for Democrats in Silicon Valley, outside of its most vocal investor class. Tech4Kamala plans to unveil the signatories of a letter supporting Harris late Thursday night, it told Bloomberg. The letter called Harris an “archetypical innovator” and “champion of technology” who “worked to expand access to STEM education, promote entrepreneurship and close the digital equity gap.” Source link lol

07 Aug

Rich Barton Departs as Zillow CEO, Passing Reins to Top Deputy

stp2y0 CommentsRAG modelsEXPEDIA GROUP INC, Interest Rates, Jeremy Wacksman, Lloyd D Frink, MICROSOFT CORP, Real Estate, Rich Barton, SATURDAY NIGHT LIVE, Technology, travel, Wealth, ZILLOW GROUP INC - A

Zillow Group Inc. Chief Executive Officer Rich Barton is stepping down from the top job at the home listings company for the second time — with his latest tenure defined by a ill-fated attempt to reinvent the company, and more recently, his efforts to grow the business despite a historically sluggish housing market. Jeremy Wacksman, a longtime Zillow executive who was chief operating officer, was named to the position, according to a statement Wednesday. Barton will become co-executive chair, a title he will share with co-founder Lloyd Frink. Source link lol

06 Aug

China Vanke Sales Slump Extends, Adding to Debt Woes

stp2y0 CommentsRAG modelschina, CHINA REAL ESTATE INFORM-ADR, China Renminbi Spot, Debt, economics, finance, Government, JULY SARL/CAEN, Markets, Real Estate, Technology

China Vanke Co.’s sales slump extended in July, adding to liquidity pressure at the developer that’s become the latest focal point of the nation’s property crisis. Contracted sales for the month slumped 13% from a year earlier to 19.2 billion yuan ($2.7 billion), following a 29.3% slide in June, corporate filings show. The total was 24% lower on month. Source link lol

06 Aug

Amazon, Microsoft Keep Data Center Spending Spree Going

stp2y0 CommentsRAG modelsALPHABET INC-CL A, AMAZON.COM INC, artificial intelligence, business, Capital Expenditures, cloud computing, DELL TECHNOLOGIES -C, Earnings, fully-charged, META PLATFORMS INC-CLASS A, MICROSOFT CORP, Real Estate, Technology

Major technology companies are spending billions of dollars in capital expenditure and most of it is going for the same thing. But first... Source link lol