Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
Medium
Today we announced layoffs at Carta of 161 people. Below is the announcement I made to the company at our all hands this morning. I’m sharing in the hope that it will help other ceos as they think about their layoff programs. If you are a ceo planning a layoff and would like help thinking through it, feel free to reach out to me.
Wall Street Journal
As America’s attention turns to reopening its economy, many businesses are deploying a range of tactics to attempt to shield their workforces from the coronavirus. For the most part, they are making it up as they go.
Wall Street Journal
Chris Heuwetter never felt a need to monitor the employees of his Florida social-media marketing company. He could glance across his company’s 3,000-square-foot office and see them.
Openpath
On Friday, April 10th, 2020, Apple and Google announced a joint effort and specifications to create a Bluetooth-based contact-tracing application programming interface that they plan to release in mid-May. This technology, they hope, will enable public health authorities to develop apps to track and slow the spread of COVID-19.
Wall Street Journal
The Wing was riding high early last year. The network of women-focused clubs and co-working spaces was rolling out new locations around the U.S. and had secured new funding led by venture-capital powerhouse Sequoia Capital.
CREtech
The Technology choices you can make right NOW to deploy in your building Details on specific technology that you can deploy right now to get your buildings and offices ready. So this will be a deep dive with a number of different companies and experts on various different technologies you can use as both an occupier and a landlord to get your buildings and office ready. We’re naming names, sharing costs and complexity expectations and giving you a punch list to work through as you try to figur…
Lauren
Pandemic Disrupts Boom in Real Estate Venture Capital Real Estate Tech VCs have a Low & Dejected outlook over the 3-6 months The real estate tech venture capital market was riding a wave of accelerated growth in the past two years. Record-setting figures in both deal volume and capital had the young industry on track to set new records with impending IPO’s, notable exits and continued capital growth. However, in the wake of the global pandemic and tightening economic conditions, real est…
Bloomberg
WeWork co-founder and former Chief Executive Officer Adam Neumann intends to file suit against SoftBank Group Corp. for reneging on a $3 billion offer to buy shares in the co-working company, according to a letter from the Japanese investor’s attorney. …
CREtech
The real estate tech venture capital market was riding a wave of accelerated growth in the past two years. Record-setting figures in both deal volume and capital had the young industry on track to set new records with impending IPO’s, notable exits and continued capital growth. However, in the wake of the global pandemic and tightening economic conditions, real estate tech startups, and their VC sponsors are entering a period of transformation.
New York Times
It took just a matter of days to shut down New York City, once the coronavirus took hold. Restarting it will take much, much longer. The economic impact in the city from the global pandemic has been striking: Hundreds of thousands are already out of work; at least $7.4 billion in tax revenue is projected to be lost by the middle of next year.
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