Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
Bisnow
Zillow’s exit from the house-flipping business created an opening for investors bullish on the single-family rental market, with an inventory of 9,800 houses nationwide up for sale. Single-family rentals are still a relatively small part of the U.S. residential market, but investors are now betting on surging demand for such properties in the wake of rising house prices exacerbated by the coronavirus pandemic….
Axios
Starting today, drones shaped like miniature airplanes will drop packages of 4 pounds or less in customers’ yards when they order from a Walmart Neighborhood Market in Northwest Arkansas, Worth Sparkman of Axios NW Arkansas reports. Why it matters: The era of ubiquitous delivery by drone is inching forward, with scattered pilot programs involving pizzas and other light shipments — and the imprimatur of Walmart on this service is a big deal….
CREtech
Chirag Chotalia, Parter at Threshold, highlights the importance of sticking to your core values as a founder, and an investor, while also adopting a beginners mind.
Bizjournals
Seattle-based real estate appraisal startup Aloft has raised a $20 million Series A round. Fifth Wall led the round, which was announced Thursday, while Silicon Valley heavyweight Andreessen Horowitz participated. Other investors included Zillow co-founder Spencer Rascoff and Built CEO Chase Gilbert. According to Aloft, the company has already raised a total of $25 million after being founded this year….
The Real Deal
Compass shares fell to a new low, dropping below $10 for the first time on Monday. The stock opened at $10.39 before dropping to $9.58 by 2 p.m. It’s the lowest the brokerage has traded and is 52 percent below the company’s debut price on April 1 on the New York Stock Exchange after its initial public offering.
Bisnow
If you own an office property in London or are thinking about buying one, it is almost certain that you’ve got something on your mind: How do I make sure this building will meet coming government sustainability regulations?
TechCrunch
Looking for a new apartment is either a leisurely thing to do or something that has to take place quite quickly. When you don’t reach anyone in the leasing office, you often move on to the next one on the list, even if it was one you would have considered. Zuma wants to ensure that any reach out for information is answered in minutes versus days. Today, the company, which adds artificial intelligence to sales engagement, exited its beta phase with $6.7 million in seed funding led by Andreessen …
Inc
For 40 years, Starbucks has built a business on the premise that it could be the “third place” for its customers. While Starbucks didn’t invent the concept, Howard Shultz, the former CEO, was heavily influenced by the idea and set out to create an experience for customers that was about more than just a cup of coffee….
Businesswire
Cohesion, a leader in smart building and digital twin SaaS technology, raised $15 million in its Series A financing round co-led by Morgan Stanley Next Level Fund and Hyde Park Angels (HPA), which closed Friday.
REACH
REACH leverages 100 worldwide bilateral partnerships in 85 countries and an unparalleled network of executives within real estate and adjacent industries. Second Century Ventures’ REACH program manages a portfolio of over 82 technology companies.
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