Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
Morning Brew
In recent years, smart cities have received criticism for over-promising and under-delivering—or, in many cases, failing to deliver at all. However, due to a combination of new government funding and what experts say is a shift in perspective about how to approach these projects—from tech-first to resident-first—smart-city experts told us they’re optimistic about the prospects in 2022. …
The Hill
The Biden administration is launching a new partnership with two states and several cities aimed at reducing planet-warming emissions from buildings. President Biden is expected to announce the new “Buildings Performance Standards Coalition” during remarks at the U.S. Conference of Mayors on Friday.
VentureBeat
Following Meta’s (formerly Facebook) October announcement that it’s pushing to stake its claim on the metaverse, the company today announced that it has developed the AI Research SuperCluster (RSC), which it claims is among the fastest AI supercomputers running today. Once it is fully built, Meta says it will be the fastest operating supercomputer — the company is aiming to complete it by the middle of this year….
For Construction Pros
Oakland, Calif.-based StructionSite, Inc., which offers photogrammetry-driven project tracking software for the general and trade construction contractors, announced today a $10 million funding round lead by 500 Global, joined by Denver-based global contractor PCL Construction, GS Futuresand other existing investors.
Commercial Observer
The nearly 126-year-old Real Estate Board of New York (REBNY) has a fairly short relationship with technology. It’s launching a consumer-facing residential listings service this year, about 20 years after the first ones, such as Craigslist, Redfin, StreetEasy and Trulia, rolled out on the web. Its tech committee dates from 2017.
Business Insider
The mad dash for virtual land is likely just beginning. Real estate sales in metaverses like Decentraland and the Sandbox — where plots have sold for millions of dollars — are likely set to continue at a brisk pace before peaking in May, though interest will remain high even after, according to predictive analytics firm NWO.ai. “We’re really seeing the utility of these properties rising; we’re seeing that people can make actual money, that buying these properties equals cash. That is going…
Pyments
Workspace management platform OfficeSpace Software has received a $150 million strategic investment from the investment firm Vista Equity Partners, according to a Friday (Jan. 21) press release.
Proxyclick
Condeco, a global leader with a comprehensive workspace management suite designed to connect people in the office and remotely, today announced the strategic acquisition of Proxyclick, the market-leading visitor management platform that enables the enterprise to welcome visitors and employees into the workplace without compromising the health, security, or compliance objectives of customers. The acquisition follows Condeco’s strategic growth investment from Thoma Bravo and JMI Equity which was c…
Crunchbase News
For Latin American startups, 2021 was an extraordinary year on the funding front. Venture and technology growth investors poured an estimated $19.5 billion into the region, per Crunchbase data. That’s more than triple prior year levels, which were themselves record-setting.
Axios
There were robots galore at the National Retail Federation’s big annual trade show this week in New York City, Jennifer A. Kingson writes. Here’s one, above, that cleans floors in commercial locations like airports, supermarkets, warehouses, malls and hospitals.
Subscribe to CREtech to get our monthly newsletter curated by our editors and special event discounts and announcements.
or sign in if you're already a member