Latest Trends and Insights in Real Estate Technology

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  • Adam Neumann’s Side Bet Selina Seeks $500 Million Property Fund

    BLOOMBERG

    Adam Neumann’s stint as WeWork’s chief ended last month as the office-sharing venture put its initial public offering on pause — but one of his many side bets is building a war chest for a rapid expansion. Selina, which provides travelers with co-working spaces, accommodation and leisure activities, is working with Bank of America Corp. to raise a $500 million investment fund dedicated to U.S. real estate, according to its president, Yoav Gery. Neumann is among the firm’s more prominent back…

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  • IOTAS lands $8.5M to help apartment landlords install and manage smart home devices

    GEEKWIRE

    IOTAS, a Portland, Ore.-based startup that helps landlords install and manage smart home devices, has raised $8.5 million. The Series A investment round was led by TELUS Ventures along with Liberty Global and Intel Capital. IOTAS CEO Sce Pike said the company will use the money to scale its operations and invest in software to support utility and internet providers.

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  • Google Patents Smart Home Tech To Personalize Your Life

    CB INSIGHTS

    Since 2013, the tech giant has filed 125 patents related to the smart home, and over time, has acquired or released a slew of smart home devices — including the Nest thermostat. But beyond automating everything from room temperature to entertainment systems, the company’s recently granted patent points to a more ambitious strategy for connecting homes in the future.

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  • Airbnb may seek direct offering instead of IPO

    WASHINGTON POST

    Home-sharing company Airbnb may eschew an IPO in favor of a direct listing, according to a Bloomberg report, following a rocky summer of tech public offerings. Investors over the course of the summer have cast doubt about tech start-ups’ ability to survive on the public markets, starting with ride-hailing giant Lyft, whose value sank to $11.6 billion Tuesday, or roughly half of its value when it started trading in March. Uber’s shares are down nearly a third. This week, co-working company WeWor…

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  • Announcing the Inaugural Housing Lab Cohort

    HOUSING LAB

    BERKELEY, CA — Today, the Housing Lab, a program of the Terner Center for Housing Innovation at the University of California, Berkeley announced the six companies selected from over 135 applicants for its inaugural cohort. In addition to a $100K grant, the Housing Lab will tailor its resources to meet the individual needs of each venture and provide the support necessary for sustainable growth. This will include six months of intensive coaching in business model design, support in further fundr…

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  • UPS Gets FAA Nod for Widespread Drone Deliveries

    WSJ

    United Parcel Service Inc. UPS -3.35% said it received the first-of-its-kind federal approval to start setting up a fleet of unmanned aircraft to deliver health supplies and eventually consumer packages potentially throughout the U.S. In the latest regulatory boost for expanded commercial drone services, the company also intends to gradually phase in routine night flights and heavier cargo limits—areas now generally off-limits to most operators. …

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  • 1 Week Until the Largest Conference in Real Estate Tech – Get Conference Pass

    CREtech

    Join us for CREtech’s biggest east coast two-day conference on October 16-17, 2019. Get an all-access conference pass to discuss all things real estate tech innovation with the most sought-after speakers, the leading startups, investors from around the world, motivated developers/owners and brokers. Our sold-out events are a must-attend for real estate professionals to network, discover and transform your business….

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  • WeWork Adds Another 362K SF to NYC Portfolio

    COMMERCIAL OBSERVER

    After what was possibly the world’s worst week for WeWork, the newly headless company closed on a 362,197-square-foot lease at 437 Madison Avenue in the Plaza District. The coworking giant will occupy floors two through 12, plus a portion of the 14th floor, at the 40-story, 850,000-square-foot building, located between East 49th and East 50th Streets. It will replace Omnicom, whose lease expires in 2020.

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  • These startups were banking on WeWork. Now they’ll be sold at a discount

    THE REAL DEAL

    WeWork isn’t the only company whose value sank when the co-working giant stumbled. Some firms it bought with a mix of cash and stock options are suddenly worth a lot less, at least on paper. And now they are on the chopping block as the office-space startup tries to right itself after weeks of turmoil and an abandoned IPO. WeWork is also looking to cut costs and raise capital, potentially by laying off thousands of employees and severing ancillary business lines.

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  • Venture Investment in Proptech Poised to Break Record This Year

    GLOBEST

    LONDON—For CRE professionals, technology has been a double-edged sword, creating both challenges and opportunities. If real estate professionals have been challenged by technology, it’s likely they see it as a threat. But DLA Piper’s Global Real Estate Practice Co-chair John Sullivan thinks people need to look at it differently. “I think people who look at technology as only a threat are making a big mistake,” Sullivan tells GlobeSt.com. “As you look at the percentage of money that’s spent…

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