Latest in Commercial Real Estate Tech News by CREtech

Latest Trends and Insights in Real Estate Technology

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Motional and Lyft to Launch Fully Driverless Ride-Hail Service in Las Vegas in 2023 – Will Mark First City in Multimarket Deployment

Motional
11/13/2021

Motional, a global leader in driverless technology, and Lyft, Inc.(Nasdaq: LYFT) today announced the planned launch of a fully driverless public ride-hail service in Las Vegas, the first city in a multimarket deployment. Motional’s next-generation robotaxis, the all-electric Hyundai IONIQ 5-based robotaxi, will be available on the Lyft app in Las Vegas, starting in 2023. The deployment is part of a landmark partnership between Motional and Lyft announced last year….

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VergeSense Raises $60M in Series C Funding to Raise the Power of the Square Foot

Verge Sense
11/13/2021

Today, we are thrilled to announce that VergeSense has secured $60 million in Series C Funding led by Scale Venture Partners. In our commitment to provide data-driven insights to enterprises eager to raise the power of their square foot, this investment will help the company accelerate platform innovation and growth. We attribute this rapid growth to our innovative customers, who are leading the way to provide their employees with impactful workplaces that cultivate collaboration, innovation and…

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Altus Strengthens CRE Data and Analytics Capabilities Through Acquisition of Reonomy

Globe Newswire
11/13/2021

Altus Group Limited (TSX: AIF) (the “Company” or “Altus”), a leading provider of software, data solutions and independent advisory services to the global commercial real estate (“CRE”) industry, announced today that it has signed a definitive agreement to acquire Scryer, Inc. (dba Reonomy) (“Reonomy”), a fast growing, AI-powered data platform for the CRE industry, for US$201.5 million (approximately C$249.5 million), (on a cash-free/debt-free basis) subject to adjustments. The transaction is exp…

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E-Commerce and the Pandemic Have Driven Record Demand for Industrial Real Estate. Technology is Playing a Critical Role in Optimizing this Sector.

Proptech Future
11/11/2021

Most of the articles that I have published so far have been focused on Office, Multi-Family, and Single Family Residential Real Estate. However, the real estate sector which is currently experiencing the biggest growth is Industrial. Prior to my research for this article, I honestly didn’t fully appreciate the critical role that technology plays in the future of Industrial Real Estate.

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Building and Renting Single-Family Homes Is Top-Performing Investment

Wall Street Journal
11/11/2021

Single-family homes built to rent are emerging as the hottest corner of the U.S. property market, as investors respond to booming demand from home-seekers priced out of housing for sale. Rents on homes are rising faster than ever. New household formation is also increasing the demand for rentals, as more young people get their own places.

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Vacation Rental Firms Vacasa, Sonder to Test Market With Public Offerings

Wall Street Journal
11/11/2021

A group of short-term rental companies are poised to go public, testing investor appetite for companies marketing themselves as alternatives to hotels, individual host listings and even traditional office space. Professional managers of vacation homes and apartments have benefited from surging demand over the past year, as more Americans take advantage of remote work to book stays in small towns and resort destinations….

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Zillow’s Home-Flipping Demise Puts Other iBuyers on the Spot

Wall Street Journal
11/11/2021

Investors are stepping up their scrutiny of Opendoor Technologies Inc. and Offerpad Solutions Inc., the two biggest players left in the iBuying industry after Zillow Group Inc. pulled the plug on this business. IBuyers purchase homes from consumers who are looking to sell quickly and conveniently, using algorithms to help determine what price to pay. After renovations, they place the homes back on the market….

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Startup GetCovered aiming to be “Shopify of insurance” for carriers, agencies

The Real Deal
11/11/2021

Insurance technology companies like Lemonade have made inroads on the traditional real estate insurance market over the last five years by providing simple, low-cost access. Now, a fledgling proptech startup is helping legacy carriers and agencies compete.

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Adam Neumann breaks his silence

The Real Deal
11/11/2021

Meet the new Adam Neumann, same as the old Adam Neumann. The WeWork co-founder, who presided over one of the most spectacular rise-and-fall stories in modern business, made his first public remarks since he was forced out of his startup two years ago.

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Staying Ahead of Customer Needs Trailer

CREtech
11/11/2021

Jeremy Neuer of CBRE speaks to the importance of staying on the cutting edge of technology advancements in order to be competitive and ultimately successful in CRE. Start your free 30-day trial to get full access videos like this.

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