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Real estate firms Compass and Redfin announce layoffs as housing market slows

Real estate firms Redfin and Compass are laying off workers, as mortgage rates rise sharply and home sales drop.In filings with the Securities and Exchange Commission, Compass announced a 10% cut to its workforce, and Redfin announced an 8% cut.Shares of both companies fell Tuesday. Redfin's stock touched a new 52-week low.Rising rates and overheated home prices, which are now up over 20% from a year ago according to various surveys, have crushed affordability. Home sales have been dropping for several straight months,…

Bruce Lee estate ends rumor that Fei Long won’t reappear in Street Fighter

“We have never made any comments of this nature” For roughly the past week, Street Fighter fans were met with mass confusion as to whether or not Fei Long would return to the series. But it seems as if this saga has come to an end. The whole affair began when Daniel Lindholm, a composer for the Street Fighter series, made a comment that Fei Long would never return to the franchise on a YouTube Q&A session (which is now defunct/taken down, but was logged by several outlets). Here’s what they claimed: “A character that…

Five most expensive real estate deals

A Walmart heir’s purchase of properties in Cherry Hills Village last month easily took the No. 1 spot amongst local residential sales in May. Ben and Lucy Walton, acting as Terra Nevada LLC, purchased four parcels in Cherry Hills Village for $22 million on May 11, according to property records. Walton is the grandson of Walmart founder Sam Walton. The Waltons purchased four parcels on East Stanford Avenue and South Vine Way. Arapahoe County records indicate the combined site is nearly 8 acres with three homes. The…

From Garry Leach’s Estate Sale At Gosh Comics Today

| Garry Leach, co-creator of the modern-day Miracleman, died two months ago, at the age of 67. Today, one of his favourite comic book stores, Gosh Comics in Soho, London, for whom he designed their original logo, hosted his estate sale. Gosh Comics stated; A voracious comics fan, over the years Garry amassed a huge collection of books and comics. On Sunday May 29th, we will be hosting a special one-day Estate Sale of Garry's collection to help raise money for his Estate. From 10.30am – 7.00pm our tables upstairs will be…

The Notorious B.I.G.’s Estate Shares new Song “G.O.A.T.” f/ Ty Dolla Sign

Saturday would have marked the 50th birthday of the Notorious B.I.G., who was fatally shot at the age of 24 in 1997. To celebrate Biggie’s milestone birthday, the late rapper’s estate has shared his first single in 17 years, “G.O.A.T.”Featuring Ty Dolla Sign and Nigerian R&B singer Bella Alubo, the Afrobeat-inspired track repurposes Biggie’s lyrics from Life After Death cut “I Love The Dough,” his 1997 collaboration with fellow Brooklyn rapper Jay-Z. “One of the things that I’ve learned building Biggie’s audience all…

Brown Harris Stevens CEO calls real estate reality TV ‘horrible’

A customer looks at listings on display outside a Brown Harris Stevens offices in New York.Brendan McDermid | ReutersThe rise of reality TV shows featuring real estate has been "horrible" for the industry and the image of its brokers, a top brokerage CEO said Thursday."This is not who we are," said Bess Freedman, CEO of Brown Harris Stevens, at the The Real Deal's NYC Showcase + Forum on Thursday. "We want to make sure that we maintain the integrity of our business."Freedman took aim at shows like Netflix's "Selling…

Macklowe Auctions Total $922 Million, Collection Surpasses Rockefeller Estate as Priciest Ever Sold

A group of 65 artworks totaling $922 million and amassed over the past half-century by New York real-estate developer Harry Macklowe and his ex-wife, Linda Macklowe, can now claim bragging rights as the priciest collection ever sold in auction history.Colorful, wall-power paintings by midcentury masters like Mark Rothko, Andy Warhol and Cy Twombly triumphed across a pair of evening sales at Sotheby’s in New York: an initial, $676 million sale held in November, and Monday’s $246 million follow-up. This second and final…

Leonard Cohen’s estate sells his music catalogue

Breadcrumb Trail Links Music Leonard Cohen Photo by CP Article content Hipgnosis Song Management has acquired the music catalogue of Canadian singer-songwriter Leonard Cohen. Advertisement 2 This advertisement has not loaded yet, but your article continues below. Article content “Hipgnosis has acquired rights in all 278 songs and derivatives written by Leonard Cohen, including Hallelujah,” the company said in a press release. Hipgnosis now retains ownership of 100% of the…