Hell without the L could open up real estate heaven along the 7

The engine that brings Brooklyn’s monocled fixie-riders into Manhattan will be shutting down in 2019, and a new report claims property owners along the revitalized 7 line could benefit the most. The report, from brokerage Ariel Property Advisors, predicts that neighborhoods along the train in Queens, like Sunnyside, Woodside and Jackson Heights, will see real[…]

Compass hits $1B+ valuation with Series D round

Compass has leapfrogged past a $1 billion valuation after raising a $75 million Series D round, according to Bloomberg.  The round, led by Wellington Management Capital, means the residential brokerage has raised $210 million from venture investors. This is the first investment in Compass for Wellington, an operator of mutual funds that has bet on[…]

iFunding says it settled lawsuit from investor who wanted to dissolve company

Real estate crowdfunding company iFunding says it settled a lawsuit brought by an investor who had sought to dissolve the company. The startup agreed to pay $150,000 in cash to Michael J. Turner, in return for Turner giving up all claims against the company and its CEO William Skelley. Turner, who runs a Connecticut-based contracting firm,[…]