Just over a year after launching its San Diego operation, thelocal office is the second to report a profit out of 15metropolitan locations across the nation, according tozipRealty.com officials.

"We are approaching operational profitability market by market,"says Juan Mini, CEO and co-founder of Richmond, CA-basedzipRealty.com. "Achieving success in San Diego--the second metro welaunched in--reinforces our goal to be operationally profitable inall of our metros by the first quarter of next year," he adds.

In August, zipRealty.com announced a strategic relationship witheBay to provide professional real estate services as part of a neweBay real estate category. Current zipRealty.com investors includeeBay, Benchmark Capital, Vanguard Ventures and BarringtonPartners.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.