Latest Trends and Insights in Real Estate Technology

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  • SoftBank-funded construction startup Katerra promised a tech revolution. It’s struggling to deliver.

    THEREALDEAL

    In an email to employees last week, Katerra CEO Michael Marks had a few uplifting thoughts on the year gone by. His startup, which seeks to transform the $12 trillion global construction industry through technology and automation, has grown to more than 8,000 employees, is nearing profitability and will soon open a new state-of-the-art factory in California. Clients are returning, he wrote, and the company has more than $15 billion worth of building projects in a pipeline spanning the United Sta…

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  • Fire Up Sidewalk Labs’ New Software And Presto! A New Neighborhood Is Designed

    BISNOW

    Sidewalk Labs, an urban planning subsidiary of Google parent company Alphabet Inc., is rolling out software it says is capable of generating billions of planning scenarios to create new urban areas. Using machine learning and other tools, the software can also help planners evaluate this multiplicity of design scenarios in terms of how they impact the quality of life for residents, Sidewalk Labs says. Thus, the software can help determine the options most beneficial to a very specific area.

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  • ‘We Trusted You’: WeWork’s Chair on Adam Neumann and the Future

    NYTIMES

    Marcelo Claure flopped into a chair late this week at WeWork’s headquarters in New York, looking exhausted and exhilarated, his 6-foot-6 frame splayed across the glass meeting room. Mr. Claure, the newly installed executive chairman of the embattled company and a top lieutenant of SoftBank’s Masayoshi Son (who plowed over $10 billion into WeWork), has been preparing to testify in a case brought by a group of state attorneys general challenging T-Mobile’s acquisition of Sprint, where Mr. Claure i…

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  • This Was A Big Year For Fintech, Real Estate, Insurance, And Automation

    CRUNCHBASE

    As 2019 enters its final weeks, it seems timely to start looking at what sectors are poised to close out the year with a bang.  This seems to be the year that every startup decided to become a bank. And every venture capitalist decided to write a check to one or more of those startups. Much of the funding went to “neobanks,” a fancy term to describe upstart digital banks working on everything from savings and checking accounts to mobile debit cards. Many are focused on bringing banking services …

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  • In Scooter Startups, Landlords See a Competitive Edge—and a Path to the City of the Future

    FORTUNE

    In the two years since electric scooters first arrived on the streets of Southern California, the e-scooter industry has exploded beyond virtually everyone’s expectations. Startups like Bird and Lime have built an international presence and now have private valuations that exceed $2 billion. Ride-sharing heavyweights Lyft and Uber (the latter through its own micro-mobility vertical, Jump) have also entered the game, as has automotive giant Ford Motor Company, which paid $100 million to acquire b…

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  • Predictive Analytics In Demand From CRE Firms

    GLOBEST

    Predictive analytics has become as necessary as a cup of coffee in the morning for CRE professionals, Neelika Choudhury, senior vice president of product strategy at Ten-X Commercial, a commercial real estate technology firm, tells GlobeSt.com. “Users are demanding predictive analytics with our offerings,” she said.

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  • This Drone-As-A-Service Startup Just Raised $32M

    CRUNCHBASE

    The network teamed up with Raleigh-based drone tech startup PrecisionHawk to use sensors to cut through the fog and canopy on the jungle floor. And according to to PrecisionHawk’s CEO, Michael Chasen, while the team came up treasureless, it explored areas unable to go by foot. PrecisionHawk just raised $32 million to help the commercial drone industry — get off the ground. Investors in the round include Millennium Technology Value Partners, Third Point Ventures, Eastward Capital Partners, and ot…

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  • The Money Men Who Enabled Adam Neumann and the WeWork Debacle

    WSJ

    In early October, WeWork’s board of directors trickled into a brick building in lower Manhattan where the startup had an office. After they took their seats around the conference room table, Mark Schwartz started to vent. “I’ve stayed silent too long,” the 65-year-old former Goldman Sachs Group Inc. partner told the six other men on the board, including WeWork’s co-founder and chairman, Adam Neumann. Mr. Schwartz aired his frustrations about the state of the company, which was perilously low on …

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  • Beyond WeWork: WhyHotel and the Promise of Real Estate “Fracking”

    MEDIUM

    Today, WhyHotel, one of Camber Creek’s portfolio companies, announced the close of its $20 million+ Series B funding round. WhyHotel, a hospitality company that operates pop-up hotels in new luxury residential buildings, partners with property owners to provide short-term rental options to hotel consumers during a building’s “lease-up” phase. The round comes after CNBC listed WhyHotel on their Upstart 100 list. To explain why we are so excited about WhyHotel, let’s take a small step back. A curr…

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  • VTS Retail Relaunches Following PropertyCapsule Acquisition

    THEREALDEAL

    VTS is shopping for new retail customers. The New York City-based prop-tech company is primed to roll out a package of software tailored to retail landlords early next month, according to CEO Nick Romito. The move signals a renewed effort from VTS to reel in major retail owners, fresh off the company’s $20 million acquisition of PropertyCapsule in October. Romito called it a “significant” investment that qualified as the company’s largest for a single new product.  

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