Latest Trends and Insights in Real Estate Technology

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  • Panelists Talk Strategies, Management, Consumable Data

    GLOBEST

    Delivering great service for residents while streamlining operations may seem to be a daunting challenge. Panelists at GlobeSt. APARTMENTS conference addressed those challenges in a multifamily management panel on Wednesday. The panel, moderated by GlobeSt.com reporter Kelsi Borland, talked about how incorporating data analytics helps to make efficient and effective decisions and how developing process improvement methodologies can maximize productivity and operations. Panelist Amber Anderson…

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  • Warburg’s Clelia Peters joins board of VC-backed virtual brokerage

    THE REAL DEAL

    Warburg Realty’s Clelia Peters is branching out further beyond traditional brokerage. Peters, Warburg’s president and an early investor in real estate tech startups, has joined the board of Side, a venture-backed virtual brokerage based in San Francisco. Founded in 2017, Side provides back-office and marketing support for high-producing agents who want to grow their personal brands. Unlike traditional firms, it gives agents the ability to run their own businesses while providing access to …

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  • Realized Raises $6 Million Series A Round Led by Calibrate Ventures

    REALIZED

    Plans to Accelerate Growth of First-Ever Technology-Enabled End-to-End Wealth Management Solution for Investment Properties   AUSTIN, TX — September 22, 2019 — Realized, a technology-enabled platform that provides wealth management solutions for investment properties, announced today that it has raised $6 million in Series A funding led by Calibrate Ventures and joined by Rice Park Capital. The proceeds from the round will be used to expand the real estate platform’s team and technolog…

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  • Adam Neumann and the Art of Failing Up

    NYTIMES

    Adam Neumann stood on the 57th floor of the Woolworth Building, the neo-Gothic skyscraper that was once the tallest in the world. It was late on a Friday night in 2013, and the WeWork founder and chief executive had just made a move to add the top 30 floors to his rapidly expanding real estate dealings. Mr. Neumann and three employees had already enjoyed a few drinks when he decided to bring them to tour his latest coup. In the gutted-out space, they tossed beer bottles into empty elevator shaf…

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  • Robert Reffkin’s stock agreement at Compass comes to light

    THE REAL DEAL

    In 2012, Robert Reffkin paid just $335.50 for his stake in a nascent firm known as Urban Compass. Today those shares — made public in a recent court filing — are worth $517.5 million based on Compass’ latest funding round in July. And while Reffkin’s stake was likely diluted over the years, the CEO’s original stock amounts to roughly 8.5 percent of what is now a $6.4 billion firm….

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  • Lyft Focuses on Profitability as Cash-Burning Companies Lose Luster

    NY TIMES

    SAN FRANCISCO — Lyft on Wednesday emphasized a new mantra — profitability — over and over again. In its latest earnings results, the ride-hailing service’s chief executive, Logan Green, said that the company had made progress “on our path to profitability.” He added that Lyft would be profitable, if it excluded a bunch of costs, by late 2021. Other Lyft executives, such as its chief financial officer, also highlighted how operating profitability was in its sights….

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  • Muy raises $15M to grow its new cloud kitchen concept

    TECHCRUNCH

    The cloud kitchen craze has reached Latin America. Food tech startup Muy landed a fresh $15 million Series B to expand into Mexico and soon Brazil. The service is currently operative in Colombia. Muy is a “cloud kitchen meets Chipotle,” says one investor. The company describes itself as a virtual kitchen and smart chef system that uses AI to produce food based on forecasts of demand, which can help to reduce food waste. Muy, translated from Spanish to English as “very,” allows users to place pe…

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  • The New Tech Companies Disrupting CRE

    GLOBEST

    Commercial real estate tech companies went head-to-head once again for Tech Tank at GlobeSt Apartments. The shark tank-style round up features emerging technology companies presenting their unique concepts to investors. This year, Tech Tank included Iotas, Salto Systems, ButterflyMX, Zerv and Starry. Each presenter was given equal time to present and answer questions from investment judges.

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  • b8ta Announces $50 Million Series C and Launches Ark

    YAHOO FINANCE

    SAN FRANCISCO–(BUSINESS WIRE)– b8ta secures largest funding round in the Retail-as-a-Service category to date Ark Marketplace to serve as the technology platform powering a new era of experiential retail b8ta today announced that it has closed $50 million in Series C equity funding, led by Evolution Ventures as a new investor, alongside participation from existing investors including Macy’s, Khosla Ventures, Peak State Ventures, and others. Founded in 2015, b8ta pioneered the category known…

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  • China Is About to Switch On 5G. It’s Behind the U.S., but Not for Long.

    WSJ

    BEIJING—China plans to turn on its first 5G networks on Friday, setting up the country to leapfrog other nations in deploying the superfast cellular technology at the center of a technological arms race between China and the U.S. China’s three major state-owned wireless carriers, China Mobile, China Telecom and China Unicom, will open the country’s 5G network for public use in about 50 major cities, including Beijing and Shanghai, said Chen Zhaoxiong, vice minister of the Ministry of Industry…

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