Every day, The Real Deal rounds up New York’s biggest real estate news. We update this page in real time, starting at 9 a.m. Please send any tips or deals to [email protected] CoStar reached a $10.75 million settlement with what’s left of Xceligent. The Bethesda-based real estate data giant had alleged its competitor stole thousands of images and proprietary information from its commercial listings platform. The agreement comes two years after Xceligent filed for chapter 7
The post CoStar settles copyright lawsuit, Sam Chang snaps up Midtown hotel site: Daily digest appeared first on The Real Deal New York.
Blueground and its new investors are banking on fast growth and a “recession resistant” model. The luxury-rental company announced its Series B funding round raised $50 million in equity financing. The round was led by Airbnb investor Laurence Tosi’s investment firm Westcap Group and Europe-based Prime Ventures. It brings Blueground’s total equity funding to $78 million. CEO Alex Chatzieleftheriou said the cash infusion will allow the company to expand to London, Paris and Seattle before
Triplemint is expanding its footprint for the first time. The brokerage officially merged with Hoboken-based Court Street Property Group in July. While Triplemint CEO David Walker declined to disclose details of the deal, he said they would be “investing heavily” in the Hudson County market. The venture-backed brokerage, which has raised more than $17.7 million to date, develops operational technology systems in-house. One of its top brokers, Tyler Whitman, is also co-starring on the Bravo