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Real Estate Tech Roundup

Real Estate Tech Roundup:

  • Wing CEO Audrey Gelman has resigned from her position at the co-working company. The firm has laid off and furloughed a majority of their staff as 95% of their revenue disappeared overnight. (Forbes)
  • Realogy Holdings just raised $550 million, bolstered by strong demand for a previously-announced debt offering. The brokerage giant announced a $400 million offering of second lien notes on Monday; it upsized that offering on Wednesday based on “improved market conditions” and “strong demand.” (TRD)
  • Rich Sarkis, Reonomy Co-Founder and CEO said that Bill Okun would take over as chief executive. Okun, who previously served on the Reonomy board, joined the startup full-time in February as executive vice president. A veteran of information service and tech companies, he previously worked at S&P Capital IQ, McGraw-Hill and Sapient. Sarkis will take on the role of executive chairman. (TRD)

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