We’ve all heard the bad news in the housing market that only seems to get worse. Here’s a small bright spot for a real estate blog network. Curbed.com obtained some capital to expand their market. They currently focus on New York, San Francisco, and Los Angeles has healthy advertising contracts with national advertisers. Now with $1.5 million in financing they’ll expand into new cities and add staff members. According to Lockhart Steele, Curbed.com’s publisher, traffic is growing 10 percent a month.
The investors include Nick Denton, who used to be Steele’s boss, Zach Nelson, chief executive of NetSuite, a maker of business software, and Gawker Media.