Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
MFE
Several converging trends are contributing to an increase in the number of real estate developers transforming older office parks into competitive mixed-use properties, introducing multifamily housing to create communities that offer an appealing live-work environment.
Axios
A new ride-hailing service in Las Vegas is targeting people who are curious about autonomous vehicles but aren’t yet ready to climb into the back seat and let a robot drive.
Crunchbase News
Global venture capital funding in the first half of 2021 shattered records as more than $288 billion was invested worldwide, Crunchbase numbers show. That’s up by just under $110 billion compared to the previous half-year record that was just set in the second half of 2020.
Attom
IRVINE, Calif. – July 7, 2021 — ATTOM, curator of the nation’s premier property database, today announced it has acquired GeoData Plus, the leading application for in-depth property research, valuation, and prospecting tools.
UK Tech News
London-based Hubble is an online marketplace that provides flexible office spaces to businesses of any size. Now, the company announced that it picked up £2 million, which takes the overall investment raised by the coworking startup to £10 million.
Teslarati
Tesla CEO Elon Musk has mentioned that he now lives in a ~$50K house at Starbase, Texas, where his private space company, SpaceX, is manufacturing its Starships. Based on images of the home, it appears that the Tesla and SpaceX CEO is indeed living modestly in a prefabricated housing unit that’s only about 400 square feet.
Axios
Nextdoor, the neighborhood social network in more than 275,000 global communities, announced that is has agreed to go public via a SPAC sponsored by Khosla Ventures — at an implied valuation of $4.3 billion.
The Wall Street Journal
SoftBank Group Corp. is leading an investment in AnyVision Interactive Technologies Ltd. that values the facial-recognition company at over $1 billion, according to a person familiar with the matter, underscoring its commitment to the technology despite pushback over privacy concerns.
Bisnow
With coronavirus pandemic conditions easing in the U.S. but the future of shopping malls still uncertain, mall owners are constantly on the lookout for any way to diversify. Two of the largest mall owners in the U.S., Brookfield Asset Management and Simon Property Group, have invested in Sam Nazarian’s ghost kitchens concept, The Wall Street Journal reports. The most recent funding round, a Series B that totaled $80M, was led by Brookfield and SoftBank Group-backed REEF Technology, a tech fir…
The Real Deal
It took Compass just three months as a public company to lose more than $3 billion of market value. The stock closed at $12.25 on Wednesday, a new low that gave the company a market value of $4.7 billion. That’s a drop of 39 percent from its starting price of $20.15 at its April 1 debut on the New York Stock Exchange. At that price, the company was worth about $7.8 billion.
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