The New York City-based real estate news site, which provides resources for buyers, sellers and renters, briefly ceased publication last week before announcing on Monday that it was being acquired
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Brick Underground avoids hitting a brick wall.
The CEO of the New York-focused real estate news site has announced that the site she founded 15 years ago to help buyers, sellers and renters navigate New York will be acquired after a last-minute buyer came forward .
Terry Karrueche Rogers | Terry Karrueche Rogers CEO of Underground Bricks
Just last week, CEO Teri Karush Rogers said the site was still going Completely closed On the last day of February, writers begin adding preludes to stories Say goodbye Last day of publication.
But Rogers announced Monday that an anonymous buyer stepped forward at the last minute and struck a deal to keep the site afloat.
“Thanks to the outpouring of support from our readers, contributors, real estate community and media colleagues, we have reached agreement on terms with an acquirer who believes in our mission as much as we do,” Rogers wrote on LinkedIn on Monday.
Rogers founded Brick Underground in May 2009, as the Great Recession was winding down but real estate prices were still plummeting.
This website provides resources for buyers, sellers, tenants and others in the New York City real estate industry.
Rogers said the site will form a new management team while maintaining editorial integrity and continuing to deliver on its core mission.
“I will lead Brick Underground until the end of March, with new ownership taking over on April 1,” Rogers said. At that time, “we will announce more details about the new team and some exciting new ideas from Brick.”
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