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NEWS

  • Construction startup Katerra hires former James Hardie executive as new CFO

    THE REAL DEAL 9/18/19

    SoftBank-backed construction startup Katerra is bringing on a new CFO as part of a series of changes to its executive team. Matthew Marsh, a former executive at James Hardie and General Electric, is joining as the company’s new chief financial officer. In addition, Katerra has hired former private equity exec... Read more

  • Radix Software Grows Portfolio to 2M Homes

    GLOBEST 9/18/19

    Multifamily software company Radix has grown its portfolio to 2 million apartment homes. The cloud-based software has reached 2 million active apartment homes. Company leadership says that the benchmark is a testament to the firm’s ability to transform the creation of market surveys. Read more

  • WeWork Wants to Be More Than Office Space. It Hasn’t Had Much Success.

    WSJ 9/18/19

    We Co. Chief Executive Adam Neumann likes to say that office space is for WeWork what books were for Amazon.com Inc. —just the beginning. His vision spans schools, gyms and retail. He even boasted that his rental-apartment venture WeLive would become bigger than WeWork. That vision remains far off. After investing hundreds of millions of dollars... Read more

  • How Hackers Could Break Into the Smart City

    WSJ 9/18/19

    Smart cities are coming. And you can be sure that hackers won’t be very far behind. We’ve already gotten a glimpse of that future, as cities across the globe start to use technology to connect their services and residents in ways that were science fiction just a few years ago.... Read more

  • Biproxi Raises $10M Seed To Become The ‘Zillow of Commercial Real Estate’

    CRUNCHBASE 9/18/19

    Biproxi​, a commercial real estate (CRE) transaction platform aiming to be the “Zillow of commercial real estate,” among other things, has raised $10 million in a seed round led by Greycroft. Commercial real estate brokerage Newmark Knight Frank participated in the rather large seed round along with RPM Ventures, and the National Association of Realtors, which... Read more

  • Tom Barrack Is Done With Traditional Real Estate. He’s Going Digital.

    WSJ 9/18/19

    Colony Capital Inc. is making one of the most aggressive bets yet that technology is disrupting real estate: It is selling nearly all of its traditional holdings and channeling the money into property that focuses on the tech sector. The Los Angeles-based real-estate firm is a global investor with $55 billion in... Read more

  • The WeWork Of Weed: This Investor Wants 30 Cannabis Campuses Across The Nation

    BISNOW 9/17/19

    Cannabis-focused commercial real estate has spawned everything from cannabis coworking to cannabis pop-up retail to cannabis REITs. Now, one entrepreneur has expansive plans to bolster the industry's national supply chain, with the goal of investing hundreds of millions of dollars in 30 cannabis contract manufacturing facilities over the next 10 years. Read more

  • Trigo raises $22M for an automated grocery check-out platform, similar to Amazon Go

    TECHCRUNCH 9/17/19

    Automated check-out systems in supermarkets, where cashiers are replaced by barcode-readers and touchscreen interfaces for taking payments, have become a commonplace fixture in many parts of the world. But today, a startup that’s building what many believe will be the next generation of such systems — computer-vision-powered platforms that monitor... Read more

  • Real estate firms get (green) thumbs down as they jump into climate bonds

    THE REAL DEAL 9/17/19

    Real estate executives at the front of the industry’s push toward sustainability will gather in New York City in a few days for Climate Week – the annual event coinciding with the U.N. General Assembly when business and government leaders join together to tackle climate change. One topic that’s sure... Read more

  • Coworking Buzz: Convene’s Ryan Simonetti on Everything Flex Space

    COMMERCIAL OBSERVER 9/17/19

    Commercial Observer caught up with Ryan Simonetti, co-founder and CEO of Convene. We talked everything flex space, from IPOs to coffee offerings! Read more