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The property owner in this case signs a property management agreement with the company, giving the latter the right to let it out to new tenants and collect rent. The owners don't usually even know who the tenants are. The property management company usually keeps 10-15% of the rent amount and shares the rest with the property owner.
Zillow Group, Inc., or simply Zillow, is an American tech real-estate marketplace company that was founded in 2006 [4] by co-executive chairmen Rich Barton [5] and Lloyd Frink, former Microsoft executives and founders of Microsoft spin-off Expedia; Spencer Rascoff, a co-founder of Hotwire.com; David Beitel, Zillow's current chief technology officer; and Kristin Acker, Zillow's current ...
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On July 1, 2008, the company announced the sale of its home lending division to Lone Star Funds for $1.5 billion in cash and the assumption of $4.4 billion in debt and the sale of its manufactured housing loan portfolio, with a face value of $470 million in loans, to Vanderbilt Mortgage and Finance for approximately $300 million. [17] [18]
Jones Lang LaSalle Incorporated (JLL) is a global real estate services company, founded in the United Kingdom with offices in 80 countries.The company also provides investment management services worldwide, including services to institutional and retail investors, and to high-net-worth individuals, [2] as well as technology products through JLL Technologies, and VC investments via its PropTech ...
A sale-and-leaseback is typically a commercial real estate transaction in which one party, often a corporation, sells its corporate real estate assets to another party, such as an institutional investor, or a real estate investment trust , and then leases the property back at a rental rate and lease term that is acceptable to the new investor ...
Eastridge, officially Eastridge Center, is a shopping mall in San Jose, California, located in the Evergreen district of East San Jose.Eastridge opened as the largest mall on the West Coast in 1971 and has been redesigned multiple times throughout its history, most recently in 2017.
In February 2018, San Jose's city council approved a stage of a sale of downtown property to Google for $67 million. [4] However, in April 2023, it was reported that Google paused on its West San Jose construction projects due to an economic slowdown.