This year has been tough on real estate. But investors think several major companies have done enough to boost their standing — and box out key competitors.
The amended complaint reiterates the allegation that Move "incurred costs exceeding $5,000 as a result of Mr. Kaminsky's unauthorized access to Move's protected computer systems" and adds details regarding those damages.
During the first nine months of the year, Matterport pulled in a total of $125.8 million in revenue. Most of that is from recurring services and subscriptions.
The National Advertising Division on Friday denied CoStar's challenge to Realtor.com's "No. 1 site real estate professionals trust" tagline. CoStar said it's based on outdated data. NAD disagreed.
CoStar Group inked a deal with a longtime tenant of its new Arlington HQ, which leased 13 of the building's 31 floors. The tenant agreed to downsize to two floors, giving CoStar enough space for the 500 employees moving to the new HQ.
A California judge on Monday dismissed a pair of Move's computer fraud claims against CoStar Group and a former Realtor.com editor accused of stealing trade secrets.
The Opportunity Report calls for NAR to regain the trust of its members by making political advocacy its central mission, sunsetting the three-way agreement and reforming its governance.
Visual Lease makes a platform serving more than 1,500 corporate clients. The acquisition bolsters CoStar's core commercial real estate business.
CoStar Group's revenue grew 11 percent year over year, to $693 million, while monthly average unique visitors for the Homes.com Network of sites reached 130 million, according to Q3 earnings results on Tuesday.
Compass has hired Soham Bhonsle as its head of investor relations, according to an announcement on Wednesday. In his new role, Bhonsle will be responsible for maintaining strong investor relationships and maximizing shareholder value.
Two weeks after California District Judge George H. Wu denied its preliminary injunction request against CoStar, Move has filed a new motion claiming former Realtor.com News & Insights editor James Kaminsky violated the 1986 Computer Fraud and Abuse Act when he accessed Move-owned documents roughly 40 times after being laid off in January.
Digital twin creator Matterport introduced a new lineup of property marketing features to enrich its appeal as a more accessible resource for listing agents and brokers, including a de-furnishing tool and an artificial intelligence listing description tool.