Interesting industry stuff from my friends at www.Inman.com . FJ
Zillow Taking 5 More Floors In Seattle High-Rise
Trulia moving ahead with its own expansion plans as acquisition by Zillow looms
If brick-and-mortar investments are any indication, operators of real estate’s two most popular sites, Zillow and Trulia, are projecting further digital dominance.
Zillow announced today that it’s taking over five more floors in the 42-floor Russell Investments Center, which will make it the Seattle high-rise’s largest tenant, with workers sprawled out over 268,514 square feet on 12 floors by 2017.
Trulia, which just before news of its pending acquisition by Zillow broke announced plans to expand its office space by 50 percent, this month moved into into a brand-spanking-new building in San Francisco’s SOMA district.
Trulia — which Zillow has said will continue to operate as a distinct brand — expects to occupy 79,215 square feet at 535 Mission St. by next October.
Zillow also has offices in New York City; San Francisco; Irvine, California; and Lincoln, Nebraska. It has also been hiring like mad.
“This is an exciting time at Zillow,” said Zillow CEO Spencer Rascoff in a statement. “We continue to hire the best and brightest to support our record growth.”