The Real Word: Investing in real estate during a pandemic

Watch Byron Lazine and Nicole White give a real estate agent’s perspective on industry-related topics. This week, they discuss investing in real estate during a pandemic, SoftBank’s record loss and a few simple ways to do listing videos.

SoftBank posts record loss, warns some investments may go bankrupt

The investor behind Compass and Opendoor predicted that, of the 88 companies the Vision Fund invested in, 15 could go bankrupt due to COVID-19.

Opendoor lays off 35% of its staff

Approximately 600 employees being laid off will reportedly get 16 weeks of benefits coverage and eight weeks of severance pay, Opendoor confirmed.

WeWork struggles to strike deal with landlords to reduce rent costs

As the COVID-19 pandemic causes cancellations to spike, WeWork CEO Sandeep Mathrani is pitching a revenue-sharing deal to the company’s largest landlords.

SoftBank may pull out of pledge to buy $3B in shares of WeWork

The Japanese conglomerate has been rapidly losing faith in the coworking space company.

Ex-Zillow president: IBuyer business will be a ‘two-horse race’

IBuyers not named Zillow or Opendoor are in trouble, and they don’t know it yet, Greg Schwartz said Wednesday at the RE/MAX R4 convention in Las Vegas.

Media entrepreneur joins Compass board

Pamela Thomas-Graham currently runs her own media company and has past experience at Credit Suisse, Liz Claiborne and NBCUniversal.

Meet the New Guard: Mueller, Team, Wilson

The New Guard will be honored at Inman Disconnect March 30-April 1, 2020. Here now, three new inductees worthy of the distinction.

SoftBank Vision Fund lost $2.1B in Q3 as profits continue to plummet

The Japanese conglomerate and backer of Compass and Opendoor is scaling back plans for its second Vision Fund.

After a tumultuous 2019, WeWork has a new CEO

Sandeep Mathrani, previously the CEO of Brookfield Properties’ retail group, has deep ties to the real estate industry.