
Glenn Kelman Steps Down as Redfin CEO After 20 Years
Glenn Kelman, the longtime CEO of Redfin, is stepping down after 20 years. The move comes six months after the real estate brokerage was acquired by Rocket Companies.

Noah Feldman is a Senior Business Correspondent for Crezzio, specializing in corporate finance, mergers and acquisitions, and market-shifting business news. He has over a decade of experience covering major transactions in the real estate and technology sectors.
Portfolio

Glenn Kelman, the longtime CEO of Redfin, is stepping down after 20 years. The move comes six months after the real estate brokerage was acquired by Rocket Companies.

Hedge fund Anson Funds Management reports its flagship fund returned 21.2% last year, more than doubling its prior performance, due to successful Canadian real estate bets.

Compass has officially completed its acquisition of Anywhere Real Estate, forming a new industry giant named Compass International Holdings.

Real estate brokerage Compass is raising $1 billion in financing as its merger with Anywhere is set to close on January 9 with 99% shareholder approval.

Compass and Anywhere Real Estate have finalized their $1.6 billion merger, creating a brokerage giant projected to control nearly 20% of U.S. home sales.

Zillow is shifting its business model to navigate a slow U.S. housing market, moving from advertising to offering direct financial and transaction services.

The real estate brokerage industry saw a major wave of consolidation in 2025, as firms pursued mergers to gain scale and navigate market pressures.

The iconic Neiman Marcus building in Beverly Hills has been sold to Ashkenazy Acquisition Corp., but the luxury retailer will remain as a long-term tenant.

Oracle co-founder Larry Ellison is investing $450 million to transform Manalapan, Florida, into an exclusive enclave for the ultra-rich with major property acquisitions.

Compass CEO Robert Reffkin is in a high-stakes battle with industry giants like Zillow, a move that could fundamentally reshape how Americans buy and sell homes.

Indian property developer RMZ Corp. is reportedly exploring an initial public offering that could raise up to $1 billion, capitalizing on a record-breaking IPO market in India.

Realty Income Corporation will make an $800 million perpetual preferred equity investment in the real estate of ARIA Resort & Casino and Vdara Hotel & Spa.

Private equity firm Apollo Global Management is in advanced talks to acquire health and fitness giant David Lloyd Leisure in a deal valued at around £2 billion.

The Trump Organization is in talks for a branded property in Saudi Arabia's $63 billion Diriyah development, a move that deepens its business ties in the Gulf.

Kathleen McCarthy, global co-head of real estate at Blackstone, will depart at the end of the year, leaving Nadeem Meghji as the sole head of the division.

The US real estate industry is facing a period of intense change, with major lawsuits challenging commissions, tech iBuyers like Opendoor struggling financially, and new data showing the high cost of

News Corp announced increased revenue and profit for its fiscal first quarter, largely driven by strong performance in its Dow Jones and digital real estate divisions.

The U.S. real estate industry is facing a major shakeup amid talks of a Compass-Anywhere merger, the rapid growth of newcomer LPT Realty, and divergent strategies from firms.

Sonida Senior Living has announced a $1.8 billion merger with CNL Healthcare Properties, a move that will create the eighth-largest senior living owner in the U.S.

Global law firm Mayer Brown has hired a top-tier real estate and hospitality legal team in San Francisco, positioning itself for growth in the recovering market.