Google Invests $50 Million in

Google is taking a bigger stake in real estate with a $50 million investment in, an online real estate site. Google Capital, which is the venture capital arm of Google, made the announcement Wednesday.

“ has quietly built one of the largest marketplaces on the web,” David Lawee, a partner at Google Capital, told CNBC. “We think can fundamentally change how real estate, and particularly commercial real estate, can be bought and sold, leveling the playing field for smaller investors.” sells properties through its site in an auction process. The company reported more than $7 billion of commercial and residential real estate were traded through the site in 2013.

Google joins other shareholders in, such as Starwood Capital Group, Starwood Property Trust, Stone Point Capital, among others.

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