Dec 18, 2017

Apartment landlord invests $200 million in Airbnb venture

Airbnb co-founder and CEO Brian Chesky. Photo: Jeff Chiu / AP

Brookfield Property Partners, one of the largest commercial real estate companies, has agreed to invest up to $200 million into Airbnb's home-sharing real estate venture, Airbnb announced Monday.

Why it matters: Even though multi-family housing makes up to half of Airbnb's listings in some major cities, apartment landlords have complained that their tenants' short-term rental activities have caused them to lose control over who is staying in their properties. Airbnb is trying to resolve some of that tension by enlisting Brookfield, which will get a 25% cut of the revenue from each apartment subleased on Airbnb.

Details: Niido, which is partnering with Airbnb to develop the multi-family housing, will build as many as six apartment complexes in Florida cities where tenants can rent their units through Airbnb for nearly half the year. Silverpeak Real Estate Partners is also committing $20 million to the project.

Millennial factor: Millennials make up a large share of renters, and they are more likely to embrace home-sharing than other cohorts. A survey by the National Multifamily Housing Council and Kingsley Associates found that 49% of renters under the age of 25 are interested in generating extra income through home-sharing.

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Scoop: New White House personnel chief tells Cabinet liaisons to target Never Trumpers

McEntee, shown with White House counselor Kellyanne Conway and White House senior adviser Stephen Miller, walks on the South Lawn of the White House Jan. 9. Photo: Drew Angerer/Getty Images

Johnny McEntee called in White House liaisons from cabinet agencies for an introductory meeting Thursday, in which he asked them to identify political appointees across the U.S. government who are believed to be anti-Trump, three sources familiar with the meeting tell Axios.

Behind the scenes: McEntee, a 29-year-old former body man to Trump who was fired in 2018 by then-Chief of Staff John Kelly but recently rehired — and promoted to head the presidential personnel office — foreshadowed sweeping personnel changes across government.

How art can help us understand AI

Photo: Ina Fried/Axios

Activists and journalists have been telling us for years that we are handing too much of our human autonomy over to machines and algorithms. Now artists have a showcase in the heart of Silicon Valley to highlight concerns around facial recognition, algorithmic bias and automation.

Why it matters: Art and technology have been partners for millennia, as Steve Jobs liked to remind us. But the opening of "Uncanny Valley: Being Human in the Age of AI" tomorrow at the de Young Museum in San Francisco's Golden Gate Park puts art in the role of technology's questioner, challenger — and sometimes prosecutor.

The Deontay Wilder-Tyson Fury fight is the rematch of the century

Illustration: Eniola Odetunde/Axios

The weekend's biggest sporting event is Wilder-Fury II, which despite its name is not an action movie sequel starring Jean-Claude Van Damme but, rather, a boxing match starring arguably the two best heavyweights in the world.

The backdrop: In their first meeting in December 2018, Deontay Wilder and Tyson Fury put on a memorable show at Staples Center, with Fury surviving a brutal right hand in the 12th round to earn a split-decision draw.

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