• Simon Baron gets $240M refi for what’s billed as country’s largest co-living project

    THE REAL DEAL 6/26/19

    Simon Baron Development has landed a $240 million refinancing for its massive co-living project at 29-22 Northern Boulevard in Long Island City. The lenders were Société Générale and Deutsche Pfandbriefbank, and the loan also includes a new $40 million mortgage, according to property records. Read more

  • Co-Living-Style Startup Venn Raises $40M In Funding Round

    BISNOW 6/26/19

    Venn, an Israeli startup that leases and renovates properties before renting them out to individual residents and commercial tenants, announced it has raised $40M in a Series A round. The investors include Pitango Venture Capital, Hamilton Lane — on behalf of the New York State Common Retirement Fund — and... Read more

  • The digital shift: Taking building design to the next virtual level

    JLL REAL VIEWS 6/26/19

    With building design getting more complex and construction budgets tight, increasingly sophisticated digital tools are helping to deliver projects in line with exacting investor requirements. New technology is supplementing – if not replacing – traditional planning methods, with virtual design and construction (VDC) tools allowing architects, planners and surveyors to... Read more

  • New Research Facility Aims To Spur Innovations In Construction

    BISNOW 6/26/19

    The construction industry faces a multitude of challenges, from the rising cost of materials to the labor shortage to the impact buildings have on the environment and the need to make buildings resilient to natural disasters. A new lab facility Hitt Contracting opened this month in Falls Church, Virginia, aims to help find solutions to these... Read more

  • Warehouse Design Steals a Page From Tech Playbook

    WSJ 6/26/19

    Coffee bars, lounges and other creature-comforts that have become regular features of modern office spaces are beginning to make their way to warehouses. Facing a tight labor market, e-commerce operators, logistics firms, manufacturers and developers are incorporating amenities that were first popularized in Silicon Valley’s campuses before spreading to urban... Read more

  • Vivint Smart Home Introduces Zero Down Financing for Property Owners and Managers

    VIVINT 6/26/19

    Property managers can now add smart home technology to new and existing developments with no upfront cost PROVO, Utah – June 26, 2019 – Vivint Smart Home, a leading smart home company, today introduced zero down financing to help property owners and managers add smart home technology to their multifamily... Read more

  • TechCrunch Founder Sells $1.6 Million House on Crypto Real Estate Platform

    COINDESK 6/26/19

    Propy, a blockchain based real estate platform, announced the sale of a $1.6 million San Francisco property owned by the venture capital fund CrunchFund, co-founded by Michael Arrington. The announcement follows news of Propy’s highest cost transaction to date, a $2.4 million duplex in San Francisco, completed entirely on the... Read more

  • Blend Raises $130 Million in Series E Funding to Power One-Tap Mortgages and Consumer Loans

    PR NEWSWIRE 6/26/19

    SAN FRANCISCO, June 24, 2019 /PRNewswire/ -- Blend, a leader in digital lending technology, today announced it has raised $130 million in Series E funding led by Temasek and General Atlantic. Existing investors 8VC, Founders Fund, Greylock Partners, and Lightspeed Venture Partners also participated in the round, which brings the company's... Read more

  • Forget Tanning Beds. College Students Today Want Uber Parking.

    NEW YORK TIMES 6/26/19

    The millennial generation attended college in a golden era for student housing, as investors poured money into luxurious off-campus communities packed with resort-style amenities: rooftop pools, golf simulators, tanning beds, climbing walls. Read more

  • The Circular Economy Is Great For Real Estate’s Bottom Line, Oh, And The Planet

    BISNOW 6/26/19

    May Al-Karooni just couldn’t get her head around it. The office of the investment bank at which she worked was being refurbished, and she asked the facilities management team what was happening to everything that was being ripped out: the fixtures, fittings and furniture. Basically, she was told, the vast... Read more