Check out market updates

Google Invests $50 Million in Online Property Broker

Google Invests $50 Million in Online Property Broker

Google has done it again! They just purchased a minority stake in for a cool $50 million! With this purchase, is now valued at $1.2 Billion! Here’s the snip from

March 5 (Bloomberg) — Google Inc.s new investment arm is buying a minority stake in LLC, the largest U.S. online real estate auction firm, for $50 million.

The investment by Google Capital, which expects to spend about $300 million this year to back late-stage companies, is the first in a real estate venture for the unit of the Mountain View, California-based Internet search firm. The deal values at $1.2 billion, the Irvine, California-based company said today in a statement.

“Like EBay kind of drove transparency and created a marketplace for hard-to-find items, is creating transparency in part of the real estate market,” David Lawee, head of Google Capital, founded last year, said in a telephone interview. “Here, you can go on to a site and see thousands of properties that are listed for sale that would be great investment opportunities.”

Read more:

See all Oceanfront.
(all data current as of 3/28/2015)

  1. 2 beds, 3 full baths
    Home size: 1,861 sq ft
    Lot size: 2,703 sqft
    Year built: 1950
    Parking spots: 5
    Days on market: 1

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Leave a Reply

Menu Title