Beyond the pandemic: the technology that will remain part of our smart cities
Smart Cities World
Covid-19 has brought new kinds of technology into our lives but which will remain beyond the pandemic? Read more from Smart Cities World.
Latest Trends and Insights in Real Estate Technology
Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
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Israeli Cybersecurity Firm CYE Raises $100 Million for Expansion
Bloomberg
Israeli cyber security startup CYE raised $100 million from EQT Partners and 83North to grow sales in the U.S. and Western Europe. CYE doubled sales last year and is already profitable, Chief Executive Officer Reuven Aronashvili said in an interview. CYE is now targeting revenue growth of 300% to 400% a year, he said. …
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Why Entrepreneurs Should Consider Patient Capital in 2021
Crunchbase
The recent events around Robinhood and GameStop reflect a tug of war between short-sellers and day-traders and offer a stark reminder that there are lots of investment philosophies.
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Forget 5G, the U.S. and China Are Already Fighting for 6G Dominance
Bloomberg
Most of the world is yet to experience the benefits of a 5G network, but the geopolitical race for the next big thing in telecommunications technology is already heating up.
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Compass to acquire Bold New York
The Real Deal
The deal, announced by Bold at a town hall meeting Tuesday, will boost the venture-backed firm’s new development marketing division. Bold CEO Jordan Sachs could not immediately be reached for comment.
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‘It’s A 100-Year Storm’ — The World’s Biggest Workspace Operator On Why Offices Have Changed Forever
Bisnow
Mark Dixon has seen a lot of upheaval in the 30 years since he started his flexible office business: the dot-com boom and bust, the 9/11 terrorist attacks, the 2008 Lehman crash and the rise of competitors like WeWork. But COVID-19 tops the lot, and it is the event on that list he thinks will change the world of work forever….
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Real estate tech SPAC RXR Acquisition files for a $250 million IPO
Nasdaq
RXR Acquisition, a blank check company formed by RXR Realty targeting real estate technology, filed on Friday with the SEC to raise up to $250 million in an initial public offering.
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CoStar Swoops in With a $6.9B Bid for CoreLogic
GlobeSt
CoStar Group is making an offer for CoreLogic of $96.76 per share of CoStar’s stock, or roughly $6.9 billion. This follows Stone Point Capital and Insight Partners’ bid earlier this month of $6 billion for the global property information, data and analytics firm. …
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Office Reopenings Pushed Back to Latter Part of 2021
Wall Street Journal
One of the hardest questions for American corporations to answer: When should offices reopen? From Silicon Valley to Tennessee to Pennsylvania, high hopes that a rapid vaccine rollout in early 2021 would send millions of workers back into offices by spring have been scuttled. Many companies are pushing workplace return dates to September—and beyond—or refusing to commit to specific dates, telling employees it will be a wait-and-see remote-work year.
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COVID May Kill The Subleasing Model Of Coworking, But Another Model Is Rising To Take Its Place
Bisnow
The office industry as a whole has been impacted by the widespread adoption of remote work, but the sharpest losses have been felt by coworking companies that signed long-term leases at urban core office buildings, The Wall Street Journal reports. Operators with models based on partnerships with landlords, or landlords themselves, look poised to capitalize….
