Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
Crunchbase News
As more employees are getting used to working from home, Firstbase has closed a $13 million Series A to help companies with the transition to remote work. The new round was led by Andreessen Horowitz, with participation from B Capital Group and Alpaca VC. Founded in 2019, the company has now raised $15 million in total….
CREtech
Ryan Freedman, General Partner at Alpaca Ventures highlights the importance of understanding your strengths to determine your role and career path, the top 5 characteristics he sees in successful founders, and how he’s able to determine what’s next in CRE tech.
CREtech
Gore Bolton, Founder & CEO of Land Intelligence delivers a tech demo. Land Intelligence is the rating agency for land. By leveraging big data ingestion, on-the-ground relationships, and a patented software algorithm, Land Intelligence is a time and cost-efficient solution to the land acquisition and due diligence problem. We do in seconds what would take weeks or months.
CREtech
What if there was a simple way to change how you think about fundraising, and the efforts of your organization to raise capital that has the potential to make your work faster, simpler, and more profitable? Join AppFolio Investment Management Industry Principal Michael Sebastian for a discussion on how to streamline fundraising and effectively raise more capital through the use of technology.
Globe St
Brett White, CEO of global commercial real estate services giant Cushman and Wakefield, sees some bad times immediately ahead for office space, though he expects that to reverse with new job creation. “We’re very optimistic with the signs … that we’re seeing in the marketplace right now,” White told CNBC in a recent television interview….
Wall Street Journal
The pandemic has spurred a burst of mobility that is accelerating changes in where and how Americans live. Some young people are leaving cities earlier than is typical, while some older people are speeding up retirement moves. Fewer newcomers are giving cities a try, meaning the people moving out aren’t being replaced by fresh residents….
Forbes
These days every company is being valued on the data that it captures from customers, even making some organizations’ data worth more than the company itself. With that being said, most organizations are scrambling to create ways to capture that data and have it available to access anytime, which requires some hardware. That hardware can mean a data center, which has become a real estate boom.
New York Times
Building owners are using data collection and artificial intelligence to help control systems like heating, lighting, air quality and even the flow of workers.
Smart Cities World
Lori Lightfoot is advancing four strategies that aim to help Chicago achieve its 2025 and 2035 clean energy targets as well as maximise local benefits to communities.
The Real Deal
CoStar’s profit machine is back in action. After four consecutive quarters in which its profits dropped, the real estate data giant said it generated $74 million in first-quarter net income. The firm’s profits are up from $36 million during the fourth quarter of 2020 and relatively flat year-over-year.
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