#CREtech Picks: Week of 8/25/17

4 Most Compelling Statistics From New NAR Research

Blog - CommissionTrac

The National Association of Realtors has released its long awaited Commercial Real Estate ALERT which analyzes the latest trends in CRE. We’re breaking down some of their top findings with 4 compelling statistics.

Market Map: 100+ Startups Transforming The Grocery Store Business

Blog - CB Insights

Efficiency is vital in the low-margin grocery business, and startups are offering grocers new tools to reduce waste, optimize pricing and merchandising, automate the checkout process, and more.

Walmart Files Patent For Floating Warehouse

News - Bisnow

In a move that comes nearly a year after Amazon was awarded a patent for a similar concept, the retail giant applied for a U.S. patent for a floating warehouse, Bloomberg reports.

Driverless cars: changing attitudes around multifamily real estate

Blog - Buildout

Driverless cars will be a utility, not a luxury afforded to few. People will no longer own their own cars, but driverless cars will be as ubiquitous and inexpensive as public transportation. Imagine taking a self-driving Uber or Lyft-type vehicle to work every day, or even to meetings just a few blocks away, much like you would a city train or a bus. That’s the future of driverless cars.

Truss Raises $7.7 Million Series A Round

News - BusinessWire

Truss, a Commercial Real Estate (CRE) tech platform, today announced the close of a $7.7 million Series A round led by Navitas Capital. Additional investors include Hyde Park Angels with a board seat to Jeffrey Hammes, Chairman of Kirkland & Ellis and a board observer role by Meredith Mendes, COO and Executive Director of Jenner & Block. Hyde Park Venture Partners is reinvesting after the initial seed round. With the latest funding, Truss has raised over $9 million in total capital.

SpaceList and Common Areas Form Strategic International Alliance to Connect Commercial Real Estate—from Listing to Lawns, Leaks and Lights.

Press Release - Common Areas

Vancouver, British Columbia and Tustin, California — Aug. 21, 2017 — SpaceList and Common Areas, two outcome-driven commercial real estate software companies, today announced the formation of a strategic international alliance to help (building owners, brokers, property/facility managers, tenants and service providers) bridge the gap between leasing a space and maintaining it.

Leading Brokerage Firms in the Commercial Real Estate Industry Coming to CRE // Tech New York on December 7, 2017

Press Release - CRE // Tech

CRE // Tech (cretech.com) announced that the 2017 CRE // Tech New York Event will feature a panel packed with the most innovative brokerage firms in the industry. Moderated by Thomas Byrne, CEO, Property Capsule, the panel will feature Chandra Dhandapani, Chief Digital & Technology Officer, CBRE, Dan Spiegel, Executive Vice President, US Operations, Colliers, Adam Stanley, Global CIO, Cushman & Wakefield, Raj Bahtti, Chief Technology Officer, Newmark Knight Frank, and Edward Wagoner, Global CIO, Corporate Solutions, JLL.

6 Vital Functions for a Better CRM System [Great CRM Debate Video]

Blog - Digsy AI

Customer relationship management (CRM) is a critical key to success in commercial real estate.  Yet according to an executive survey by Merkle, up to 60% of CRM systems will fail. After surveying 352 senior level executives in organizations worth one billion dollars or more, Merkle reported that companies that fail to see the importance of CRM are consistently low-growth.

Leading VC Firm Camber Creek Joins CRE // Tech as Ally Sponsor

Press Release - CRE // Tech

CRE // Tech announced that Camber Creek has signed up to be an Ally Sponsor. New York-based Camber Creek is one of the leading venture capital firms devoted to the real estate sector.  

How Technology is Transforming Modern-Day Portfolio Management

Blog - VTS

The days of lagging portfolio information and manual data aggregation are quickly falling behind us. Large investment management firms are adopting new technologies to ensure they have asset information at their fingertips in real-time, ultimately helping them drive portfolio performance.

Will Artificial Intelligence Help You Build the Rockstar Team You’ve Been Dreaming Of?

Blog - Jon Schultz

I read an article recently that said consumer-goods giant Unilever has been hiring entry-level team members using brain games and artificial intelligence. Wait a minute … hear me out. Rather than head to universities to collect resumes and in-person interviews, Unilever has turned to technology —that is, after all, where the workforce is today.

Simon malls launch chatbot to answer shoppers’ questions

News - Newsday

Indianapolis-based Simon Property Group, owner of Walt Whitman Shops in Huntington Station, Smith Haven Mall in Lake Grove and Roosevelt Field in Garden City, this month launched a chatbot “concierge” service on Facebook to assist shoppers at its 208 malls.

#CREtech Exhibitors: StealthForce

Blog - Real Estate Tech news

Scale resources according to your dealflow – rather than the other way around. StealthForce.com has built an army of real estate investment professionals from analyst level through C-suite, and designed a platform which makes them available for project-based consulting, on-demand. 

Top Apps Landlords Should Be Using for Better Property Management

Blog - Rentometer

For almost every job, there is a wealth of apps available to help make your endeavors easier, quicker, and more efficient. As a landlord, you’re a business owner, so anything that can make your life easier is essential. Here are the top apps you should get familiar with in order for your business to thrive.

Indian online lending platform Capital Float raises $45M Series C

News - TechCrunch

Capital Float, which claims to be the largest online lending platform in India, announced today that it has raised a $45 million Series C led by Ribbit Capital. Returning investors SAIF Partners, Sequoia India and Creation Investments also participated.

How the Airbnbs of retail are growing in a pillowy soft market

News - The Real Deal

Behind the storefront of the Michele Varian boutique in Soho lies a store within a store. Past the shop’s collection of industrial-chic lamps, brightly colored throw pillows and quirky design items, fellow Soho designer Melissa Joy Manning runs her eponymous jewelry boutique underneath a skylight at the rear of the roughly 2,000-square-foot sales floor at 27 Howard Street. 

Acasa is building a platform for ‘Generation Rent’ to manage their homes

News - TechCrunch

London-based startup Acasa has come a long way since we covered its seed round in late 2015. The company, then called Splittable, offered a way to manage and share household expenses with multiple house members. However, the bigger vision was to build a platform for ‘Generation Rent’ that makes moving from one houseshare to another as easy as logging in and out of the Acasa app. A spew of recent updates (including the name change itself) are seeing that vision begin to come into focus.

Tulip Retail Raises $40 Million, Led by Kleiner Perkins

News - Tulip Retail

Tulip, a mobile application platform built exclusively for retail stores and sales associates, today announced it has raised $40 million in Series B funding.  Kleiner Perkins led the round and joined existing investors, including Jump Capital.  Additionally, Mood Rowghani, General Partner at Kleiner Perkins, will join Tulip’s Board of Directors.

WeWork just raised another $4.4 billion from SoftBank

News - Business Insider

WeWork has raised $4.4 billion in funding from SoftBank Group and SoftBank Vision Fund, the office sharing startup announced Thursday. SoftBank is investing $3 billion in WeWork itself, and putting another $1.4 billion into three new WeWork subsidiaries — WeWork China, WeWork Japan, and WeWork Pacific.