Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
Crunchbase News
With cybersecurity investment spiking to never before seen levels, it is easy to become singularly focused on the large amounts of money U.S.-based companies are seeing.
Geekwire
A day ahead of its third quarter earnings report, Zillow Group’s stock took a hit on Wall Street as a new analyst report highlighted how many homes purchased by the company are now underwater. Class A shares of Zillow Group stock were down 8.6% on Monday to close at $96.62. The latest dive comes two weeks after the Seattle-based real estate company announced that it would not sign any new contracts to buy homes via its home-buying and selling service Zillow Offers. The company blamed a “ba…
CREtech
Ross Rudd, Director of Technology and Innovation at Bridge Investment Group discusses how Bridge Investment Group uses technology as a differentiator with specific focus on solar, ESG, and non-invasive safety technology specific to the senior housing vertical.
TechCrunch
Mosaic Building Group, a Phoenix, Arizona-based construction tech startup, has raised $44 million in a Series B funding round led by Peak State Ventures. New investors Starwood Capital, invisionAZ, Tekfen Ventures and Brightstone also put money in the round. They joined previous backers Andreessen Horowitz (a16z), Building Ventures, Innovation Endeavors, 8VC and Founders Fund, bringing Mosaic’s total funding to $68.75 million since its 2015 inception….
CREtech
CREtech, the largest international community of professionals devoted to technological innovation in the real estate sector, hosted its debut London conference on the 27th and 28th of October to extraordinary reviews and attendees feedback. This event was the first for CREtech in London since it’s acquisition of FUTURE PropTech in 2019.
PR Newswire
Navitas Capital, a premier early-stage venture capital firm at the forefront of transformative real estate and construction technologies, today announced the closing of its third fund with $160 million – 60% above initial commitment target. Founded in 2009, Navitas provides foundational capital, domain expertise and market access to world-class founding teams through a unique and highly aligned approach. Its third fund again seeks to take significant ownership stakes and build a concentrated …
GlobeSt
Fresh off its recent IPO, WeWork found a strategic investor in its co-working office business plan in Cushman & Wakefield. Cushman & Wakefield is investing $150 million in the company, while C&W’s Chief Investment Officer & EVP of Strategic Planning, Nathaniel Robinson, will serve as an Observer to WeWork’s Board of Directors.
Live Mint
Aurum PropTech Ltd, formerly known as Majesco Ltd, on Sunday said it will acquire 49% stake in Integrow Asset Management Pvt. Ltd for ₹25 crore, to enable the convergence of property technology and fintech.
GlobeSt
The US real estate market is predicted to return to pre-pandemic levels by 2023, with equity REIT investors poised to win big. Total annual returns for equity REITs are predicted to 27.8% in 2021, according to ULI, topping 2019’s previous high of 26%.
CREtech
Growing risks from climate change, such as wildfires, floods, and other hazards are demanding that professionals in commercial real estate change their decision-making processes both from an economic modeling perspective and a functional one. In this session, experts from Moody’s dive into: · The science behind climate risk data, and how experts are distilling that information into actionable, useful insights for CRE professionals. · How economists are integrating climate risk data into th…
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