#CREtech Picks: Week of 9/15/17


RealtyShares Raises $28 Million Series C Round To Transform Commercial Real Estate

Press Release - RealtyShares

San Francisco - RealtyShares, a leading online marketplace for real estate investing, today announced it has raised $28 million in Series C financing from Cross Creek Advisors, Danhua Capital, Barry Sternlicht (Founder of Starwood Capital and Starwood Resorts) and Bow Capital, along with prior investors Union Square Ventures, General Catalyst Partners, and Menlo Ventures.

CoStar To Acquire Multifamily Listing Company ForRent In $385M Deal

News - Bisnow

CoStar, the D.C.-based commercial real estate data giant that has acquired at least 26 smaller companies on its way to becoming a $9B behemoth, has just made another acquisition.  In a $385M deal announced Tuesday, CoStar acquired multifamily advertising company ForRent, a division of Dominion Enterprises. The deal included $350M in cash and $35M in CoStar stock.

Real Estate Tech Funding: What and Who to Know

Blog - A Student of The Real Estate Game

“The real estate industry is slow to adopt new technology”. How many times have you heard that statement? While there may be some truth to it from a relative perspective, there are so many exciting things happening in the world of real estate technology today.

As a relieved Tampa assesses its future, one of its millionaires plants a flag for VC and tech

News - TechCrunch

While Tampa Bay residents are beginning the process of removing the sandbags from their homes and getting back to the business of daily living in the aftermath of Hurricane Irma, the city’s multi-millionaire real estate developer, Jeff Vinik, is busy with plans of his own. 

Driverless cars could be your new mobile office

Blog - Buildout

When their use is widespread, driverless cars will operate much like public transportation––constantly moving and rarely parked in centrally-located areas. Once this shift occurs, office buildings will no longer need to provide parking for employees. As a result, areas previously set aside for parking will be transformed into green spaces or retail that employees can easily access on their breaks.

How Uber, self-driving cars and more are changing real estate

News - Albuquerque Journal

Cities and towns across the U.S. were excitedly clamoring to be the next to build a “transit-oriented development” — a rapidly popularized mixed-use concept that combined dense housing, retail space, offices, and more within a walkable community steps from major transit lines.

The Store Of The Future: 200+ Startups Transforming Brick-And-Mortar Retail In One Infographic

Blog - CB Insights

Brick-and-mortar retail is a high-stakes business. And while it may seem that e-commerce is taking over, Americans still do roughly 90% of their shopping in physical stores. In fact, one of the latest trends in retail is the launch of physical stores by digital-native companies such as Bonobos and Warby Parker. Amazon, of course, has blurred the lines even further with its launch of brick-and-mortar bookstores and its acquisition of Whole Foods.

The Rise of the Brokerage Tech Stack

Blog - CommissionTrac

If you think your commercial real estate office is technologically up-to-date because you’ve given up your fax machine in favor of email, it might be time to rethink what you thought you knew. The technology behind CRE is changing quickly. Done right, it has the potential to make your brokerage smarter, more agile, and ultimately more competitive and profitable.

Driverless Cars, AI and the Impact on the Future of Commercial Real Estate to be the focus of CRE // Tech in Los Angeles on September 28

Press Release - CRE // Tech

CRE // Tech (cretech.com), the leading event, content and connectivity platform for the commercial real estate industry announced that it will host its second annual Los Angeles event on September 28th at CBRE Headquarters in Downtown Los Angeles. 

Virtual Reality Scores Agents More Business

Blog - Real Estate Tech News

Real estate agents and brokers: what if you could generate more buyer interest and boost inbound seller leads, all while saving on your per-listing marketing expenses? With the introduction of Matterport’s all-in-one property marketing system, agents are doing just that. That’s because Matterport’s system delivers every visual asset - from an interactive 3D tour to print-ready photos, black-and-white floor plans, video, and virtual reality tours - from a fast, easy 3D scan.

Shop Kohl’s for Amazon Echo, Fire & More

Blog - Regency Centers

Kohl's Corp. announced Wednesday, September 6, that shoppers will be able to buy Amazon Echo, Fire tablets and other gadgets from select brick-and-mortar Kohl's stores. Customers in the Chicago and Los Angeles areas will be among the first to experience the 1,000-square-foot Amazon shops.

Vinik-backed Dreamit Ventures unveils first urban tech startups at Water Street Tampa

News - Tampa Bay Times

TAMPA — Jeff Vinik, Tampa Bay Lightning owner and now partner in the joint venture real estate development known as Water Street Tampa, may one day become best known as the man who helped turbo-charge Tampa Bay into a major tech community.

Bodega raises $2.5M to build a smart store kiosk in your apartment building

News - TechCrunch

A new startup called Bodega hopes to install kinds of convenience store-like kiosks right into apartment buildings, gyms, or other infrastructure that’ll sell the goods — like dish detergent — that residents need. The company has raised $2.5 million in a financing round led by First Round Capital and Homebrew Ventures and has 30 bodegas live scattered around the Bay Area.


Blog - Versapay

According to KPMG, this year in Q1 2017 global investment in FinTech companies hit $3.2 billion across 260 deals… and this is just the beginning. The way the internet changed publishing and music, FinTech is now changing industries like commercial real-estate (CRE) by modernizing the old-school processes used by finance.

You Need 4URSPACE and Here’s Why (Q&A)

Blog - Real Estate Tech News

At Real Estate Tech News, we love learning the inspiration behind novel ideas disrupting the commercial real estate industry. 4URSPACE is one of those ideas revolutionizing how project managers and vendors connect. There’s excellent work being done in the retail industry to create enhanced customer experiences through store design.