Patrick Clark

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Zillow Shuts Home-Flipping Business After Racking Up Losses

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Zillow decided its pricing algorithms weren't accurate enough to build a stable business.

Billionaire Charlie Munger's Timely Apartment Bet Began With Hebrew Bible

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A encounter with a teenager led him to an investment in California apartment complexes.

Goldman Sees 750,000 Evictions In U.S. As Bans Come To An End

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The evictions would create new rental housing inventory, partially offsetting rising housing costs, the firm said.

Property Investors Make Record Bets As U.S. Housing Flourishes

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Property investors are riding rapid home price appreciation and fast-rising rents.

U.S. Hotels Finally Surpass Pre-Covid Levels As Travel Surges

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Red-hot demand from leisure travelers boosted a key lodging industry metric higher than its 2019 figure.

Blackstone Bets $6 Billion On U.S. Suburban Home Rentals

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Blackstone's REIT just made a major acquisition in the single-family rental space.

Wall Street's Favorite Suburban Housing Bet Is Getting Crowded

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The pension manager for the Canadian Mounties is the latest investor in single-family rentals.

Senior Living Centers' New Sales Pitch: Sign Lease, Get Vaccine

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One senior living operator is dangling access to vaccines in a bid to fill vacant units.

Unsold U.S. Hotel Rooms Near 1 Billion As Lodging Crisis Deepens

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All the lost room nights have made it hard to keep up with loan payments

Sheldon Solow, Billionaire Real Estate Developer, Dies At 92

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The college drop-out became a real estate billionaire by developing architecturally distinctive high-rise buildings in Manhattan.

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