Latest Trends and Insights in Real Estate Technology

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  • Latch deal with UPS opens new doors for home deliveries

    CRAIN’S

    Latch, a Manhattan-based startup that builds app-based locking systems, has struck a deal with UPS that lets apartment dwellers who don’t have a doorman receive deliveries when they’re not home. UPS drivers can now unlock Latch-enabled doors using a trackable, dedicated “credential” or code on their handheld device and leave packages in a lobby or some other secure area within the building. Drivers will not be opening apartment doors. The partnership has so far resulted in a pilot program …

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  • Wall Street-Backed Blockchain Company Weighs IPO, Sale

    BLOOMBERG

    R3, a blockchain-software company that works with more than 200 heavyweights such as Intel Corp., Microsoft Corp., US Bancorp and Wells Fargo & Co., is considering going public, according to people familiar with the matter. The company is speaking with advisers about a initial public offering, although no final decisions have been made, said the people, who asked not to be identified because the deliberations are private. It has also been approached by potential buyers, one person said. F…

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  • StreetEasy launches new “My Agent” feature — with notable disclosures

    THE REAL DEAL

    StreetEasy is letting Premier Agents in New York City double down on the lucrative advertising program. The Zillow-owned portal is rolling out “My Agent,” an optional feature that lets buyers continue working with agents they’ve already contacted on StreetEasy. Specifically, Premier Agents who spend a certain amount of money advertising on StreetEasy can send “My Agent” requests to their buyers; if the buyers opt-in, they can stay connected and share listings on an ongoing basis. Susan Dai…

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  • Amazon Foes Walmart and Microsoft Deepen Tech Partnership

    WALL STREET JOURNAL

    Walmart Inc. WMT +0.78% agreed to use Microsoft Corp.’sMSFT +1.34% cloud technology to power functions that could include algorithms for purchasing and sales-data sharing with vendors, the two companies said, deepening a partnership between two of Amazon.com Inc.’s AMZN +1.31% most powerful rivals. The five-year deal, announced Tuesday, pairs Amazon’s largest retail competitor with its closest challenger in cloud computing. Walmart has warmed recently to working with technology companies, a…

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  • Yes, open office plans are the worst

    TECHCRUNCH

    If you’re endlessly distracted by your co-workers in the gaping open office space you all share, you’re not alone. Compared to traditional office spaces, face-to-face interaction in open office spaces is down 70 percent with resulting slips in productivity, according to Harvard researchers in a new study published in Philosophical Transactions of the Royal Society B this month. In the study, researchers followed two anonymous Fortune 500 companies during their transitions between a traditiona…

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  • General Atlantic Invests $250 Million in Lending Startup Greensill

    WALL STREET JOURNAL

    Private-equity firm General Atlantic has made a minority investment in U.K. lending startup Greensill Capital, continuing its strategy of placing bets on companies that use technology to try to disrupt the traditional financial system. The New York private-equity firm is investing $250 million, valuing Greensill at $1.64 billion, the two companies told The Wall Street Journal ahead of a planned announcement Monday. Greensill, which provides working-capital financing to companies around the wo…

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  • Redfin seeks to raise up to $239M in new debt and stock offering

    GEEK WIRE

    Redfin is looking to raise up to $239 million through a combination of debt and stock offerings, according to a filing with the U.S. Securities and Exchange Commission Monday. In the filing, the company didn’t go into great detail on why it is seeking the cash infusion and said management has broad discretion in how it uses the funds. Redfin noted the money would be used for “working capital and other general corporate purposes, including technology and development and marketing activities, g…

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  • Now This Could Be A Game Changer For The Way Space Is Shown…

    CRETech

    I finally found a technology that could revolutionize the way commercial space is shown… Smarter Listings by EveryScape. Having been a tenant all of my career, one of the most time consuming aspects of finding new space is the actual physical tour. I get it that it’s important but it’s such a time-suck when you’re also trying to run your business at the same time. And having so many friends in the brokerage business, I hear the same from them. That it’s such an unproductive, but important, part …

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  • The Race To Own The Last Mile: The Investors Betting on Bike- and Scooter-Sharing Unicorns

    CB INSIGHTS

    Bike and scooter startups are raising at sky-high valuations. We map out the investor landscape for the unicorns paving the way in bike- and scooter-sharing. WHERE IS THIS DATA COMING FROM? The unicorn craze has hit micromobility, the industry tackling last-mile transportation. Investors are driving up bike- and scooter-sharing company valuations at unprecedented rates, as investors bet on the companies they believe will capture and dominate the market. The land grab i…

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  • WeWork’s biggest rival in China is on an acquisition spree

    TECHCRUNCH

    WeWork may have combined forces with its fiercest rival in China, Naked Hub, in a recent merger, but its new enemy numero uno in the country is also building up a roster of friends through aggressive M&A. Ucommune may not be spending the kind of cash WeWork China did — it reportedly spent $400 million to get Naked Hub — but it is quietly picking up smaller rivals via acquisitions. Last week, it completed its fourth piece of M&A of the past year with a deal to buy Workingdom for 300 m…

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