Market

RealPage Faces Lawsuits Alleging Rental Market Cartel Collusion: What This Means for Renters and Landlords

by

DALLAS, TEXAS – Lawsuits filed against RealPage, a Texas-based company, have brought attention to the role of algorithms in the rental market. The company is being accused of facilitating a cartel among major property managers, leading to higher rents for tenants and increased profits for landlords who utilize RealPage’s software. RealPage, however, denies any wrongdoing. The lawsuits have shed light on a new facet of cartel behavior, challenging conventional understanding of the concept. By allegedly creating a system that enables collusion among property managers, RealPage stands accused of manipulating prices and limiting competition within the … Read more

Law Firm Leasing Surges in 2023, Signaling Potential Turnaround for Commercial Real Estate Market

by

NEW YORK — Office leases in New York City were disappointingly small in 2023, signaling a slowdown in the commercial real estate market. While some deals were larger than in the previous year, they still fell short of the record-breaking leases seen in 2019. However, the market made a surprising recovery towards the end of the year, with several significant leases signed in December. The largest lease of 2023 was signed by the white shoe law firm Paul Weiss, who took 765,000 square feet at Fisher Brothers’ 1345 Avenue of the Americas. This lease seemed … Read more

Epic Scores Big Win: Jury Unanimously Finds Google Guilty of Anticompetitive Behavior in Android App Market

by

SAN FRANCISCO (AP) — In a landmark decision, a jury has unanimously found that Google holds a monopoly in the Android app distribution and in-app billing services markets. The jury also determined that Google engaged in anticompetitive behavior in these markets, causing injury to the game developer Epic. Furthermore, the jury concluded that Google’s distribution agreement, known as Project Hug, as well as its deals with game developers and original equipment manufacturers (OEMs), were all anticompetitive. Google has announced its plans to appeal the verdict. Wilson White, Google’s vice president of affairs and public policy, … Read more