Inside the failed crypto auction of a WeWork-leased office tower

Pat O’Meara found success structuring deals for the Catholic Church, but early last year he found a new calling: Raising millions of dollars from cryptocurrency investors for real estate and infrastructure acquisitions

CoStar sees net income jump 32% in year marked by acquisitions

CoStar Group reported $315 million in net income in 2019, following a year of acquisitions and the conclusion of a protracted legal fight. The real estate data firm said Tuesday that it generated $1.4 billion revenue in 2019, up from $1.2 billion in 2018. Its income was up 32 percent from the previous year, while its cash and cash equivalents dipped slightly from $1.1 billion to $1.07 billion. CoStar’s revenue for the fourth quarter was $375 million, up 19 percent year over year. Net income for …

Why Amazon’s bigger Go grocery stores matter

With the opening of its first large-format cashier-less grocery store in Seattle on Tuesday, Amazon is on its way to further expanding its physical footprint across U.S. cities. The big picture: Amazon’s 2017 purchase of Whole Foods was never the end of its grocery ambitions — or its fight to win a bigger share of the whopping $700 billion per year American grocery industry. With its own network of stores, Amazon could attract shoppers looking for cheaper prices than Whole Foods and dramatically…

What’s Next For Apartment Amenities?

Thanks to 21st-century technology, modern consumers are conditioned to expect an Uber ride, dinner delivery, or online order from Amazon in a nanosecond. Likewise, renters at the average Class A property expect their community to give them the same instant gratification and provide access to on-site concierge services on-demand, including dog walking, transportation, dry cleaning, and more. It’s one small snapshot of how the amenity game is changing—and changing quickly. Today’s renters are l…

Quarters Announces Completion of Series B Funding

Quarters Holding GmbH (formerly Medici Living Holding GmbH), the largest co-living operator in North America and Europe, announces the successful completion of its Series B fundraising. Existing shareholder, W5 Group, led the round, which was in the double-digit millions. “The new capital will accelerate Quarters’ growth as we expand our footprint in the United States and broaden our member services,” said Co-Founder and CFO, Ferdinand von Fumetti.

Construction Tech Unicorn Procore Drops S-1, Revealing Sharply Rising Revenue And Net Losses

Late Friday afternoon, construction management software provider Procore Technologies filed an S-1 with the U.S. Securities and Exchange Commission. The company outlined its plans, which we previewed here, last September for an initial public offering of its common stock.

John Ensign, President and Chief Legal Officer at MRI Software to Speak on Mergers & Acquisitions Panel at Upcoming CREtech Austin Conference

New York, NY (March 3rd, 2020) —CREtech (cretech.com), the leading global conference and research company devoted to innovation in the Built World, will be showcasing a panel of the most active companies in the real estate tech M&A space at its first event in 2020. To be held in Austin, Texas on April 22nd and 23rd, the panel will feature John Ensign, President and Chief Legal Officer at MRI Software, one of the leaders in the sector

Eric Roseman, VP of Technology & Innovation, LPC Ventures to Deliver Presentation on LPC Ventures Innovation Strategies at Upcoming CREtech Austin Conference

New York, NY (March 2, 2020) —CREtech (cretech.com), the leading global conference and research company devoted to innovation in the built world, has  announced that Eric Roseman, VP of Technology & Innovation at LPC Ventures, and one of the most respected and leading commercial real estate developers and managers in the sector, will be one of the featured speakers in Austin, Texas on April 22nd and 23rd. In a session titled “LPC Ventures: Going from Pilot to Partnership to Investor”, Eric w…

Veev Raises $97M To Date

Veev Group Inc., a San Mateo, Calif.-based integrated real estate developer, raised $97m to date and closed its Series B funding round. The round was co-led by Zeev Ventures and Lennar Ventures. The funding includes $85M in equity and $12M in debt and will be used to accelerate the development of the Veev panelized building system, as well as to scale the business. Additional participants in funding to date include Eclipse Ventures, Green Spring Associates and Khosla Ventures with Western Techno…

How AI Could Compete With CRE Brokerages One Day