Dermody has acquired the former headquarters of electric vehicle maker Faraday Future, located at 18455 Figueroa St. in Los Angeles, for an undisclosed sum. The site will be redeveloped as LogistiCenter at 110, a ground-up, Class A logistics facility totaling 180,705 square feet in the supply-constrained South Bay submarket.

“Strategic infill opportunities of this scale are exceptionally rare,” said Matthew Mexia, Southern California region partner at Dermody. “This site presents a compelling redevelopment opportunity transforming a well-located, formerly occupied campus into a best-in-class logistics facility in an area where developable land is virtually nonexistent. We are excited to deliver modern, functional space that directly addresses the South Bay’s significant unmet demand.”

The property was acquired from Rexford Industrial, a company with which Dermody first built a relationship after the closing of LogistiCenter at Eastvale in 2022. CBRE National Partners marketed the property.

Join the Executives Driving Western Industrial Real Estate | August 20
Hear from senior leaders representing the industry’s most active firms as they discuss investment strategy, market fundamentals, leasing trends, and emerging opportunities across the West Coast. Connect Industrial West is where industry leaders come together to share insights, build relationships, and identify what’s next for the sector. Secure your spot: www.connectindustrialwest2026.com

Moving into a partner’s fully furnished home sometimes means being forced to live with undesirable design decisions that were made previously, as one star of “90 Day Fiance” promptly realizes when relocating from the Philippines to her fiance’s Kentucky house that is filled with “dead animal” decor.

Anabelle Chua, 54, is a caretaker from Iloilo City who has traveled to the United States on a K1 visa to marry her American fiance, 54-year-old real estate agent Shea McGuire, within 90 days of arrival.

The international pair is one of seven new couples featured on the hit TLC dating series, which premiered its 12th season earlier this month and has spawned several spinoff shows, such as “90 Day Fiance: Before the 90 Days” and “90 Day Fiance: The Other Way.”

Though the fan-favorite couple is clearly eager to start their lives together under the same roof, Chua’s initial delight with the luxuries in her new American home quickly become overshadowed by the disturbing taxidermy decor that is present throughout the residence. 

In an exclusive clip from the forthcoming episode, “I Manifested You,” McGuire is seen giving Chua a tour of his home in Paducah, KY, with help from one of his daughters, Allison, and a grandson, who both live nearby. 

The group gathers in front of the living room’s blue-gray walls, sheer blue curtains, gold framed mirror, and sign with a quote about family that’s positioned above a console table with an ornate metal candle holder on top.

“Come on, baby, let’s look at the house,” encourages McGuire, as he guides Chua through an archway into the kitchen, where neutral tones dominate. 

The heart of the home has gray walls, cream cabinets, gray countertops, and a black, white, and gray mosaic backsplash. The boldest pops of color come in the form of a pink electronic tablet case that’s resting on the stovetop and the primary hues on a monster truck and action figure strewn on the wood-toned plank flooring.

“Here’s the kitchen, and it’s got toys all over it, too,” notes McGuire as he swiftly directs Chua’s attention to the stainless steel appliances.

“Look how big the fridge is here, babe, compared to yours,” he says about the French door-style refrigerator, before motioning over to the dining room.

The square room is painted gray and has a sign stating “gather” on one wall and a 3D metal piece of art on another. A three-light ceiling light fixture hangs above a round table surrounded by four contemporary chairs. 

Chua seems pleased by the dining room’s bright yellow flowers, display of lemons, and orange-patterned placemats but becomes thrown off by an open box of dog bones and what appears to be a giant bag of dog food resting on the table and chairs.

“Oh, it looks dirty,” she says.

McGuire then points out the oven to Chua, and reveals he’ll have to give his soon-to-be wife a tutorial on how it works.

“That’s the oven, baby. You’ve never used an oven, but that’s where you’ll bake,” he tells her.

Surprised by the revelation, Allison chimes in while standing in front of a large collection of spices on display atop the cabinetry’s open shelving and on a dedicated spice rack that’s resting on the counter.

“You never used an oven before?” asks Allison, to which Chua responds, “No, we don’t have oven in the Philippines.”

McGuire clarifies even further while opening the oven door to give Chua a better look.

“They just used cooktops with gas, so she never used an electric top either, so I’ll have to show you,” he says.

Behind the scenes, Chua gushes about her new home’s amenities.

“Oh my God, American home is so different from Philippines,” she begins. “It’s so big and Shea has oven in the kitchen. I never had that in the Philippines. I like this kitchen a lot.”

Back in the kitchen, Allison unveils another reason for Chua to be excited about moving in with McGuire.

“You should see all the clothes Dad got you in the closet in his room,” she says.

“Oh, yeah, it’s in the bedroom,” confirms McGuire, while continuing the house tour. “We’ll go look. Come here, this is laundry, I’ll show you that in a minute.”

Making their way down a hallway adorned with multiple gold frames, art, and two metal candle sconces, the group passes by a mounted deer head on the wall above a gray bench, which unbeknownst to Chua, is a sign of what’s to come in the primary bedroom she’ll be sharing with McGuire. 

“And here’s our bedroom, kind of big, like the one we stayed in last night, right, babe?” asks McGuire. 

The large bedroom houses a chunky wooden bed frame boasting pillars that stretch to the ceiling and a bench at its foot. The furniture set also includes a large wooden armoire that supports a pile of baseball caps on top and a glass-enclosed shelving unit stuffed with books.

There’s a puffy recliner chair, a desk that sits below a wall-mounted flatscreen TV, and mismatched end tables propping up lamps that are decorated with birds.

The nature theme is continued in the landscape art hung above the bed, but it’s the collection of taxidermy deer heads popping off the gray-blue walls from multiple angles that command everyone’s attention.

“See the deer? All four corners,” McGuire says.

The happy reaction Chua entered the room with turns to shock as she takes in the unconventional bedroom ornaments, and she starts to question her future husband’s interior design style.

“Oh, my God, babe, this is a lot, right? There are so many dead animals in the room. Why there so many dead animals? It looks weird, the deer with eyes and the horn. Oh my God,” she comments.

The surprisingly rugged decor is clearly a head-scratcher for Chua—until McGuire proposes his best explanation for the aesthetic.

“It’s Kentucky, babe, have you ever heard of a redneck?”

“90 Day Fiance” airs Sundays at 8 p.m. on TLC.

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“There’s a lot of AI companies coming out … I think there’s a new one every week in real estate,” Tim Quirk, co-founder at Final Offer, said to me during our recent conversation.

Quirk echoes a frustration felt by many brokerage leaders and industry analysts, the problem created by an explosion of AI-adjacent startups with a low barrier to entry and too little differentiation.

The resulting fragility, where tools disappear, APIs change and platforms disappear, never to be heard from again, makes it hard to commit to the financial and time commitment required for adding a new tool to your tech stack.

I sat down with Quirk; Georgi Chigogidze, founder and CEO at Purlin; and Ashley Stinton, managing partner at the NAR REACH program, to talk about how the recent merger between Purlin and Final Offer creates a new paradigm, where durability is built in, and “end-to-end” is more than a catchphrase.

Consolidation isn’t a trend. It’s a necessity

By creating an integrated workflow instead of a series of point solutions, smart proptech consolidation can make the promise of end-to-end transaction management a viable reality, not just a sales pitch, Stinton said.

Real estate buyers and sellers don’t care about your CRM, your transaction management tool or your latest AI-powered whoziwhatsis. They care about their transaction.

The best tech tools make the transaction feel seamless, allowing agents to focus on judgment, negotiations and relationship-building — the real differentiators that set one agent apart from the pack.

In the case of these two companies, the merger represents a shift from vertical tools to horizontal platforms:

• Final Offer was a point solution, focused on offer transparency.

• Purlin was a horizontal system combining AI, workflow and compliance.

• Combined, Purlin Enterprises became an operating system for real estate transactions, providing end-to-end logistics support during the emotional and time-sensitive offer process.

The challenge of merging companies — and egos

The merger between Purlin and Final Offer didn’t happen overnight, and it didn’t happen randomly. “Merging companies, merging teams, merging egos: It’s very difficult,” Chigogidze said.

The two companies focused on three alignment pillars to make sure the combined company would have the best chance at success. According to Stinton, by focusing on multiple stakeholders, the two companies enhanced their chances of a successful merger.

• Customer overlap: Both companies were focused on the same user at different moments in the transaction journey.
• Product fit: That looks like front-end transparency combined with back-end infrastructure.
• Human fit: Trust, culture and a shared vision were essential for creating a seamless integration.

“Trust … is the most important thing,” said Chigogidze. “What trust does is lubricate speed.”

One of the advantages Purlin and Final Offer enjoyed was that they didn’t feel forced to merge; they created a partnership built around value creation, not just the optics of expansion so common in the current real estate climate.

That allowed them to combine their strengths instead of competing for the same space, removing friction for both clients and the real estate professionals who make up their target consumers.

What the industry can learn from the Purlin-Final Offer merger

As teams combine instead of competing, brokerages consolidate their capabilities and eliminate operational redundancies, and vendors feel the pressure to integrate or disappear, the real estate landscape is evolving in the direction of consolidation and efficiency.

In the same way, the latest tech tools are expected to reduce costs and increase efficiency, all while driving revenue. “Gone are the days when you could just slap a really good pitch deck together and go fundraise a few million dollars,” Stinton said. The value needs to be demonstrable to garner the interest of both investors and the market.

“I hope companies have that openness to consolidation … it can be a really positive thing for the industry,” Stinton said.

Chigogidze’s advice for founders trying to think beyond their current product or service? “Learn the things before it and the things after it … at least two steps before and two steps after,” within the transaction process.

In real estate, speed is the new competitive advantage. Amid shifting market conditions, pressure on margins and a growth-at-all-costs mentality in the industry, the ability to make strategic moves quickly is a winning edge.

The next wave of proptech winners won’t be the tools that stand alone the loudest, but the tools that combine strengths, collapse friction and solve more of the transaction.

BLT Enterprises has acquired a 19.4-acre industrial site close to Carlsbad Research Center at 2470 Faraday Ave. in Carlsbad for an undisclosed sum. The property contains two existing manufacturing facilities and offers the potential for future development, according to Lukas Huberman, VP & director of acquisitions at BLT Enterprises. 

“This acquisition represents a rare opportunity to secure a sizeable land parcel in coastal North County San Diego,” said Huberman. “As one of our largest land purchases in recent years, it reflects our long-term investment strategy and continued conviction in the strength of this submarket.” 

The transaction is structured as a three-year sale-leaseback as part of a 1031 exchange for a long-standing Carlsbad-based clinical diagnostics and life sciences company. The leaseback provides stable cash flow while BLT evaluates long-term opportunities for the parcel.

BLT continues to identify assets with strong and long-term upside in the North County San Diego region. “Opportunities of this size are increasingly scarce in coastal North County San Diego, where limited land availability, sustained industrial demand and long-term demographic growth continue to support fundamentals,” Huberman said.    

Trident Capital Partners, a boutique real estate debt fund and private REIT, has provided $3 million in financing for the site of a future Tesla Supercharger station in Los Angeles.  The 18-month, full-recourse loan was structured at 55% loan-to-stabilized value and facilitated the acquisition and redevelopment of a 0.52-acre commercial site in the Studio City neighborhood. Brian Perkins, mortgage broker with Pathfinder Mortgage Corp., advised the borrower.

The sponsor acquired the property at closing for $4.53 million and worked closely with the Los Angeles City Planning Department and Tesla to design a plan accommodating 24 charging stalls on the site.

“High-capacity charging stations sit at the intersection of real estate, utility infrastructure and execution,” said Trident partner Bryce Molder. “This wasn’t a speculative land story. The borrowers had a defined plan with a committed operator, and our financing helped secure the site and bridge the timeline between acquisition and delivery.”

California Legal Implications: Cohabitation Risks and Asset Protection

A recent lawsuit involving “Back to the Future” actor Crispin Glover highlights the severe legal and financial complications that can arise when unmarried individuals live together without clear legal agreements. As reported by TMZ, Glover is facing a lawsuit from a woman claiming he lured her to Los Angeles with promises of housing and employment, only to allegedly assault her and evict her from his home. Glover denies the allegations, asserting he was the victim of assault and citing a restraining order he filed against the accuser., Glover is facing a lawsuit from a woman claiming he lured her to Los Angeles with promises of housing and employment, only to allegedly assault her and evict her from his home. Glover denies the allegations, asserting he was the victim of assault and citing a restraining order he filed against the accuser.

While the criminal and tort allegations of battery are matters for criminal and civil court, the underlying dispute regarding housing, promises of support, and ownership of personal property (including pets) directly relates to California estate planning and family law. For California residents, this case serves as a stark reminder of the importance of Cohabitation Agreements, Pet Trusts, and comprehensive estate planning to protect against litigation and clarify rights between unmarried partners., and comprehensive estate planning to protect against litigation and clarify rights between unmarried partners.

The Myth of Common Law Marriage in California

One of the most dangerous misconceptions in California law is the idea of “common law marriage.” Unlike some other states, California does not recognize a couple as married simply because they have lived together for a specific period or hold themselves out as spouses.

In the Glover case, the plaintiff alleges she sold her belongings in Europe based on promises of a life in Los Angeles. Without a marriage license, an unmarried partner generally has no automatic right to:
– Community property
– Spousal support (alimony)
– Inheritance rights regarding the other partner’s estate

To prevent disputes like the one currently facing Glover, unmarried couples should consult with an attorney to draft a Cohabitation Agreement. This contract outlines who owns what property, how expenses are shared, and what happens to assets and housing if the relationship ends or if one partner passes away.. This contract outlines who owns what property, how expenses are shared, and what happens to assets and housing if the relationship ends or if one partner passes away.

“Marvin Actions” and Implied Contracts

The plaintiff in the Glover case claims she was promised housing and a career in exchange for moving to the U.S. and working as an assistant. In California, this touches upon legal principles established in the landmark case *Marvin v. Marvin*.

A Marvin Action allows an unmarried partner to sue for financial support or property rights if they can prove there was an express or implied contract to share assets or provide support. These lawsuits can be incredibly expensive and damaging to one’s reputation. allows an unmarried partner to sue for financial support or property rights if they can prove there was an express or implied contract to share assets or provide support. These lawsuits can be incredibly expensive and damaging to one’s reputation.

Effective estate planning can mitigate these risks. By creating a Revocable Living Trust, an individual can clearly designate exactly who beneficiaries are and explicitly state that no other persons have a claim to the estate. Furthermore, written employment contracts or rental agreements can prevent ambiguity regarding whether a live-in partner is a tenant, an employee, or a guest., an individual can clearly designate exactly who beneficiaries are and explicitly state that no other persons have a claim to the estate. Furthermore, written employment contracts or rental agreements can prevent ambiguity regarding whether a live-in partner is a tenant, an employee, or a guest.

Protecting Pets with California Pet Trusts

The lawsuit against Glover specifically mentions a dispute over the plaintiff attempting to retrieve her cats from the residence. In California, pets are legally considered personal property, but they are also beloved family members. Disputes over pet ownership during a breakup or after an owner’s death are increasingly common.

California Probate Code Section 15212 allows for the creation of a Pet Trust. This legal tool allows a pet owner to:
– Designate a caregiver for their pets.
– Set aside funds specifically for the pet’s care (vet bills, food, shelter).
– Enforce instructions on how the pet should be raised.. This legal tool allows a pet owner to:
– Designate a caregiver for their pets.
– Set aside funds specifically for the pet’s care (vet bills, food, shelter).
– Enforce instructions on how the pet should be raised.

While usually used for estate planning in the event of death or incapacity, establishing clear ownership and care plans for pets in writing can help resolve disputes quickly when relationships dissolve., establishing clear ownership and care plans for pets in writing can help resolve disputes quickly when relationships dissolve.

Safeguarding Assets from Litigation

Glover is currently facing claims for damages related to assault and emotional distress. While insurance often covers negligence, it rarely covers intentional torts (acts committed on purpose).

For individuals with significant assets, proper planning is essential to insulate wealth from potential creditors and predators. While a standard Living Trust does not provide asset protection during your lifetime, advanced planning strategies involving Irrevocable Trusts or separate entity structures (like LLCs) can provide layers of protection against future lawsuits. or separate entity structures (like LLCs) can provide layers of protection against future lawsuits.

About This Case

Source: ‘Back To The Future’ Actor Crispin Glover Sued for Battery

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Legal Disclaimer

This article is for informational purposes only. Consult with a qualified California estate planning attorney for advice specific to your situation.

The Rolling Stones’ Hidden Financial Reality: What Ronnie Wood’s Son’s Court Case Reveals About Wealth, Legacy, and Protecting Your Family’s Future

How California families can learn critical estate planning lessons from rock legends—and why net worth doesn’t always mean financial security

Who This Article Is For

If you’re a California resident managing family wealth, planning your estate, or concerned about protecting your loved ones after you’re gone, this story offers powerful lessons. Whether you have $150 million or $150,000, the financial challenges faced by the Wood family demonstrate why proper estate planning and asset structuring matter for everyone.

The Courtroom Revelation That Shocked Rock Music Fans

When Jesse Wood, 49-year-old son of Rolling Stones guitarist Ronnie Wood, appeared before magistrates in West London for a minor driving offense, he revealed something unexpected: despite his father’s estimated £150 million net worth, Jesse lives on approximately £1,000 per month with an annual income of just £14,000, surviving on savings. He requested leniency on a £957 court bill due to financial hardship.

The revelation raises an important question for families everywhere: How can someone from one of rock music’s wealthiest families struggle financially?

Why Net Worth Doesn’t Equal Available Cash: Understanding Illiquid Assets

Ronnie Wood’s situation illustrates a critical concept that many California families misunderstand when planning their estates:

Net worth is not the same as liquid cash. Much of Ronnie Wood’s £150 million fortune exists in illiquid assets including a multi-million-pound art collection, real estate properties, and future tour revenues.

Structural wealth versus accessible wealth. As one financial advisor explained, “His wealth is structural. It’s in paintings and properties and future tour revenues. That’s not the same as having millions in a bank account to distribute.”

Income inequality within the same organization. Despite being in the same band, Mick Jagger and Keith Richards “operate in a different financial stratosphere” because they joined earlier and wrote the band’s biggest hits like Satisfaction (1965), which generate ongoing royalties.

The Timing Problem: When You Join Matters

Ronnie Wood joined the Rolling Stones in 1975—after many of their most valuable royalty-generating songs had already been written.An anonymous industry source explained: “He gets paid handsomely to be a Rolling Stone, but he doesn’t own the jukebox.”

This timing issue creates lasting financial implications that affect not just Ronnie, but his children and future generations. As one source noted: “Ronnie’s world has always been more complicated, and that has trickled down.”

What California Families Can Learn: 5 Estate Planning Lessons

1. Liquid Assets Matter for Family Support

If you want to provide for your children or grandchildren, consider how much of your wealth they can actually access. Real estate, art collections, and business interests may look impressive on paper, but they don’t pay monthly bills.

2. Estate Structure Affects Multiple Generations

The decisions you make today about asset distribution and trust structures will impact your children and potentially their children. Without proper planning, wealth can become inaccessible precisely when families need it most.

3. Income Disparity Within Families Is Common

Even within successful families, financial resources are rarely distributed equally. Clear communication and proper legal structures can prevent misunderstandings and financial hardship.

4. Professional Guidance Prevents Costly Mistakes

The Rolling Stones case demonstrates that even with substantial wealth, without proper financial and estate planning, family members can face unexpected financial challenges.

5. Transparency Protects Everyone

Many families avoid discussing money, creating unrealistic expectations about inheritance and available support. Open conversations combined with professional estate planning create clarity and security.

How Can I Protect My Family’s Financial Future in California?

California residents face unique estate planning challenges including:

Complex probate processes that can tie up assets for months or years

High property values that create tax complications

Blended family situations requiring careful asset distribution

Business ownership that needs succession planning

Real estate holdings across multiple counties or states

Whether your estate is worth $150 million or $500,000, the principles remain the same: proper planning ensures your family has access to resources when they need them, not just wealth on paper.

What Is the Best Way to Structure Wealth for Future Generations?

The most effective estate plans typically include:

Revocable living trusts that avoid probate and provide immediate access to assets

Strategic liquidity planning ensuring some assets remain easily accessible

Clear beneficiary designations that reflect your actual intentions

Powers of attorney for financial and healthcare decisions

Regular reviews and updates as family circumstances change

Take Control of Your Family’s Financial Future Today

Don’t let your family face the same challenges as Jesse Wood—caught between substantial family wealth and personal financial hardship due to structural issues and planning gaps.

California Probate and Trust, PC specializes in helping California residents create comprehensive estate plans that protect both legal structures and financial management for generations. Our experienced attorneys offer free consultations to assess your unique situation and develop customized solutions.

Schedule Your Free Estate Planning Consultation

Contact California Probate and Trust, PC today:

Call (866)-674-1130

Visit cpt.law

Offices in Fair Oaks, Sacramento, and San Francisco

Our compassionate team will help you understand your options, protect your assets, and ensure your loved ones are financially secure—no matter what the future holds.

Source

Original story: Guitar.com – “The stark financial disparity of the Rolling Stones revealed by Ronnie Wood son’s court case”

Legal Disclaimer

This article is provided for informational purposes only and does not constitute legal advice. Every estate planning situation is unique and requires professional evaluation. The information presented here should not be relied upon as a substitute for consultation with a qualified estate planning attorney. California Probate and Trust, PC offers free consultations to discuss your specific circumstances. Past results do not guarantee future outcomes. Estate planning laws vary by state and change over time—consult with a licensed California attorney for current guidance applicable to your situation.

Since launching a campaign to make Homes.com the most-visited home search portal, CoStar Group CEO Andy Florance has talked a big game about the portal’s potential. But how much longer can he keep it up?

That’s the question that emerged recently after a disgruntled CoStar investor challenged the value of the company’s investment in the residential real estate space. That investor, Third Point founder Daniel Loeb, published a public letter in which he called CoStar’s heavy investment in residential real estate a “fiasco” and called for a new slate of directors on the company’s board that would consider moving on from Homes.com.

CoStar said in a public response that abandoning Homes.com now would be premature ultimately harmful to stockholders.

“One thing we know for certain is that abandoning Homes.com now that the investment phase is tapering would be a certain way to destroy long-term value for stockholders,” the company said in a statement.

Then, a second CoStar investor — D. E. Shaw & Co. — followed up with another public letter lambasting the board’s “reckless” spending on Homes.com, while also calling into question CEO Andy Florance’s generous cash and equity incentive awards.

CoStar once again responded to the criticism, saying that abandoning the portal would cause “irreparable harm” to the company as well as “value destruction.” CoStar also said the investors’ attacks “[smack] of activism malpractice.” The company additionally noted that the investment phase of Homes.com has come to a close, which will result in $30 million in spending cuts on the portal this year, and over $100 million each year until 2030.

Still, it’s clear now that CoStar is feeling some heat. But how much heat exactly? How big a threat do CoStar face?

When Inman checked in with real estate industry executives and experts, they said CoStar would be wise to pay attention to such strong concerns being voiced by investors — but noted that the jury was still out on Homes.com.

“I think they’re small potatoes compared to Zillow,” Bess Freedman, CEO of Brown Harris Stevens, told Inman. “If you just look at how much time people are spending on which websites and study that and the unique visitors, Zillow just has everybody beat.”

“If you were to ask nine out of 10 of your friends where they look to find a home or do a search, they will tell you they go to Zillow,” she added in a conversation on the eve of Inman Connect New York.

But Freedman also said that given the rate at which things change in the industry, Homes.com might still have time to make a bigger splash and become more competitive.

“But today, it’s just, Zillow is so far ahead of everybody else,” Freedman said. “It looks like a tough one.”

Meanwhile Ryan Serhant, founder and CEO of SERHANT., suggested that any business hoping to find success in a sector where there is already a clear frontrunner needs to differentiate itself via some new type of value.

“You really need to have some other key value that you’re providing in that space in order to compete with them,” Serhant. said. “I think with any business, you have to ask the question of, what problem are we actually solving? How quickly are we solving it? And at a better quality than the competitors with the utmost incredible experience. If you can’t answer the problem-solving, speed, quality, experience questions, then you are going to burn cash because there’s no point in it.”

The luxury CEO added, however, that he wasn’t familiar with the details of the investor’s quarrel with CoStar, so he couldn’t speak specifically about the situation.

Meanwhile, FirstTeam Real Estate CEO Michele Harrington reminded Inman that, although Homes.com has been around in various iterations over the years, it was only acquired by CoStar in 2021. Zillow, meanwhile, was founded in 2005, and it took about seven years to become profitable.

“So, it’s definitely going to be hard to compete,” Harrington said. “I think it’s hard when you get away from your core business model, like CoStar being commercial real estate and trying to delve into something that’s kind of outside of your core.”

Russ Cofano of Alloy Advisors told Inman that although Homes.com has made progress in growing market share, “their overall revenue from their model pales in comparison to Zillow, especially when you consider the amount of spend they have made in that regard.”

And as far as Florance’s position at Homes.com goes, Freedman said he might want to think twice about what investors are saying, since it has the potential to become a threat to him down the line.

“I think it’s great to be persistent and try to create something,” Freedman said. “Whether that’s successful or not, obviously, [Homes.com is] still not there, but [Florance] still believes in it … I think he’s saying he can’t give up on it.”

“I think anyone who’s investing their money in something wants to know that the person [using that money] is being prudent, is making progress — even if there are setbacks or it’s idle, whatever it is. But, has there been progress, and what’s the way to progress? How are you getting there? I think that’s what the question is.”

Cofano noted that activist shareholders have increasingly become the impetus for public CEO departures in recent years. The resignation of former Opendoor CEO Carrie Wheeler last summer following investor criticism serves as one striking example.

But Florance’s deep ties to CoStar’s foundation would make such a move less likely in his case, Cofano added.

“The activist has no right to fire Florance, and the typical strategy is to take control of the Board and cause a departure through that means,” Cofano told Inman in an email. “That can be messy and disruptive. Also, founder CEOs like Florance are usually a more challenging target, especially when they have been successful in the past, growing the company like he has. It will be very interesting to watch this drama play out, the impact it might have on the overall portal wars and the potential for Homes.com to become an acquisition target.”

Email Lillian Dickerson