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Quarters is out of cash, Convene's revenue plunges

Spare a Quarter?
The music has stopped for German co-living brand Quarters, whose U.S. expansion is ending in bankruptcy.
Eight properties and two LLCs tied to the company filed for Chapter 7 bankruptcy, listing between $1 million and $5 million in combined liabilities and less than $500,000 assets.
Quarters is an offshoot of Berlin-based Medici Living Group, which was founded in 2012 and pitched itself as the “WeWork of co-living.” After raising $1.4 billion to add locations in Europe, Quarters raised $300 million to expand to the U.S. in early 2019. The company signs master leases and then operates co-living spaces.
As of 2019, Quarters was aiming to have 9,000 rooms globally but by last year it only had 5,000. It now claims to have 3,000 rooms with 95 percent occupancy. ....

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Zillow to Charge for Rental Listings

Zillow will charge agents $9.99 per week to post rental listings, borrowing from StreetEasy’s New York City playbook. ....

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Yes MLS Becomes MLS Now

Yes MLS Becomes MLS Now
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CLEVELAND, Jan. 6, 2021 /PRNewswire/ MLS Now, Ohio s largest multiple listing system (formerly Yes MLS), today launches a new name reflective of its members tenacity for action in the present moment. The updated name MLS Now marks a shift in course for the 13,300-member strong organization; while no operational changes will come of today s announcement, MLS Now continues to innovate for streamlined expansion.
MLS Now, Ohio s largest multiple listing system (formerly Yes MLS), today launches a new name reflective of its members tenacity for action in the present moment. The updated name MLS Now marks a shift in course for the 13,300-member strong organization. ....

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Despite COVID, Delta Media Hits Record Growth in 2020, Poised for a 'Breakout' Year in 2021

Despite COVID, Delta Media Hits Record Growth in 2020, Poised for a Breakout Year in 2021
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CANTON, Ohio, Dec. 16, 2020 /PRNewswire/ No one expected real estate to experience a record-setting year in 2020, with the economic slowdown and banning of a number of real estate activities, including open houses. Yet existing-home sales jumped nearly 27% in October year-over-year, the average home price increased by almost 16%, and the annual adjusted rate home sales hit a record pace of 6.85 million.
Because of COVID-19, real estate agents are using more tech tools in the last seven months than in the last seven years, said Michael Minard, CEO and owner of Delta Media. ....

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New 'Homes.NYC' Resets the New York City Home Search Experience

Press release content from Newswire. The AP news staff was not involved in its creation.
New ‘Homes.NYC’ Resets the New York City Home Search Experience
December 14, 2020 GMT
Gabriels Technology Solutions, a leading developer of property search solutions and business software for real estate brokerage firms worldwide, including Douglas Elliman and Christie s International Real Estate, is launching Homes.NYC - a revolutionary way for consumers to search for homes in New York City.
Gabriels Technology Solutions, a leading developer of property search solutions and business software for real estate brokerage firms worldwide, including Douglas Elliman and Christie s International Real Estate, is launching Homes.NYC - a revolutionary way for consumers to search for homes in New York City. ....

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