SEATTLE—The $2.4-billion combination will enable real estate professionals “to more efficiently and easily reach the nation's largest audience of engaged buyers, sellers and homeowners,” says CEO Spencer Rascoff of what is now known as Zillow Group.

NEW YORK CITY—The real estate marketing executive, who just joined the firm last year, will have dramatically increased responsibility in the new position.

AUSTIN--Development in east Austin is heating up. Transwestern Development Co. and its partners are set to develop a two-building mixed-use project at 1621 and 1645 E. 6th St.

MOUNTAINVIEW, CA—Federal Realty Investment Trust purchased a controlling interest in the retail property brokered by SRS Real Estate.