Zillow to acquire StreetEasy for $50M

Zillow to acquire StreetEasy for $50M

 · Zillow expands its turf; buys StreetEasy Monday, August 19, 2013 – 03:30 Aug 19 – Zillow is set to acquire New York’s leading real estate website StreetEasy in a deal worth $50M.

StreetEasy is New York City’s leading local real estate marketplace on mobile and Web. It provides New Yorkers, and anyone shopping for real estate in NYC, accurate and comprehensive for-sale and for-rent listings from hundreds of real estate brokerages throughout New York City and the major NYC metropolitan area.

] On Monday, Seattle-based real estate marketplace Zillow (NASDAQ: Z) announced it inked a $50 million cash deal to acquire residential real estate website StreetEasy, based in New York.

Zillow will spend $50 million acquiring New York real estate website, StreetEasy, giving the online real estate site a deeper reach into a key housing market.

Zillow Acquires StreetEasy For $50M For More nyc real estate Listings, Also Listing Follow-On Offering Of 2.5M Shares Zillow and Trulia continue to battle it out in the war to become the preeminent real estate website.

The financing will allow Prana to continue to acquire additional workforce housing in Los Angeles. Betsy Kim is the bureau.

Every new StreetEasy fee spurs a familiar cycle among brokers: outrage, pay up, rinse, repeat. But its latest program, designed to appease some of those worries, may break the cycle. In the two years.

Moody’s: Single-family rental equity securitization poses more risk  · Last fall, Blackstone (NYSE:BX), a private equity firm, bundled rental payments from 3,207 single-family homes to create a $479 million bond, the first of its kind. Offering mortgages on the.

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By the way, if you bought Zillow in April when Apple traded at $390 and w67 said to buy Apple, you would be up 60% on Zillow vs 30% on Apple. Nearly the same if you waited and bought Apple in late June because you were kicking yourself for not having listened to 67 the first time despite the fact that his initial call involved selling Ford to buy Apple.

StreetEasy Brooklyn First-time Home Buyers  · Zillow the national real estate website will purchase StreetEasy the local NYC real estate website for $50 million. Zillow is a national website, like most national real estate websites they have never been able to cover accurately the unique New York city real estate market.

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Zillow is buying the New york city-focused online real estate company StreetEasy for $50 million to strengthen its foothold in on one of the country’s most lucrative markets. StreetEasy, founded.

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