Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
PitchBook
News that Magic Leap laid off half its staff and abandoned its consumer ambitions may sound like a nail in the coffin for the augmented reality industry. But the most well-funded startup in the space had struggled before the coronavirus pandemic, and there are signs that demand for AR and virtual reality are growing in a world under stay-at-home orders.
Wall Street Journal
Companies have spent much of 2020 racing to shore up supply chains as the coronavirus shut down much of the world, but business leaders say they expect problems to remain even as countries start to reopen their economies.
Forbes
In a city like San Francisco, there are generally two options when it comes to apartment rentals: Go for the expensive, luxury high-rise buildings or spin the Craigslist roulette, with the risk of ending up in someone’s living room. In 2016, Starcity saw an opportunity to bridge this gap and created affordable co-living spaces in the Bay Area. Four years later, the company has 12 locations across San Francisco, Oakland and Los Angeles, and announced today its Series B round of $30 million. Inves…
Michael Beckerman
The most important advice I can give a startup today… Drop the terms “Proptech Startup” from your vocabulary! Of course, given the state of the economy, dry funding climate and the challenges that the real estate industry is confronting, every startup in our industry needs to manage their business in survival mode first and foremost.
Lauren
The most important advice I can give a startup today… Drop the terms “Proptech Startup” from your vocabulary! Of course, given the state of the economy, dry funding climate and the challenges that the real estate industry is confronting, every startup in our industry needs to manage their business in survival mode first and foremost. Because that’s what most of our sector is being confronted with on a daily basis. Having weathered many a storm in my long career (although this one is unli…
Back To Work Solutions
Have I already had COVID-19 exposure? Am I now immune? Bridgewater, NJ, April 17th, 2020: BackToWork Solutions has launched a high-volume employee antibody testing process to enable employers to provide their employees a potential path to reclaim their lives and return back to work. Testing for immunity is making rapid progress globally with highly accurate test kits expected this month. The test measures the presence of antibodies created in our blood to fight COVID-19 which establishes…
TechCrunch
U.S. companies rely on Mexican manufacturers for goods ranging from automotive and aerospace parts, to avocados and other produce, to electronics and furniture. But the trucking system that transports these things across the border relies on an inefficient mix of paper, phone calls, faxes and too many stakeholders who drive up costs.
Bloomberg
Instacart Inc. more than doubled the number of people who pick and deliver groceries to customers over the last few weeks and said it will add an additional 250,000 in the next two months, a response to unprecedented demand for the service.
CREtech
Built world and real estate industry experts come together to share actionable advice on what the new normal might look like and how we can prepare for a post-Covid compliant world.
Wall Street Journal
Blackstone Group Inc.’s first-quarter results were hit hard by the coronavirus-led market selloff, and the firm’s president, Jonathan Gray, said he sees the economic recovery taking some time to gain steam.
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