Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
GLOBEST
Multifamily software company Radix has grown its portfolio to 2 million apartment homes. The cloud-based software has reached 2 million active apartment homes. Company leadership says that the benchmark is a testament to the firm’s ability to transform the creation of market surveys.
WSJ
We Co. Chief Executive Adam Neumann likes to say that office space is for WeWork what books were for Amazon.com Inc. —just the beginning. His vision spans schools, gyms and retail. He even boasted that his rental-apartment venture WeLive would become bigger than WeWork. That vision remains far off. After investing hundreds of millions of dollars in more than half a dozen side businesses like education, wellness and short-term apartment rentals, We has struggled to demonstrate that any of…
WSJ
Smart cities are coming. And you can be sure that hackers won’t be very far behind. We’ve already gotten a glimpse of that future, as cities across the globe start to use technology to connect their services and residents in ways that were science fiction just a few years ago. They are using sensors to collect data—about public utilities, traffic, garbage collecting, road conditions and much more—and then using that data to deliver services to more people and more efficiently.
CRUNCHBASE
Biproxi, a commercial real estate (CRE) transaction platform aiming to be the “Zillow of commercial real estate,” among other things, has raised $10 million in a seed round led by Greycroft. Commercial real estate brokerage Newmark Knight Frank participated in the rather large seed round along with RPM Ventures, and the National Association of Realtors, which earlier this year launched its first commercial real estate technology accelerator (dubbed Second Century Ventures)….
WSJ
Colony Capital Inc. is making one of the most aggressive bets yet that technology is disrupting real estate: It is selling nearly all of its traditional holdings and channeling the money into property that focuses on the tech sector. The Los Angeles-based real-estate firm is a global investor with $55 billion in assets under management. Colony aims to sell as much as 90% of its $20 billion property portfolio of hotels, warehouses and other commercial real estate by the end of 2021, company of…
BISNOW
Cannabis-focused commercial real estate has spawned everything from cannabis coworking to cannabis pop-up retail to cannabis REITs. Now, one entrepreneur has expansive plans to bolster the industry’s national supply chain, with the goal of investing hundreds of millions of dollars in 30 cannabis contract manufacturing facilities over the next 10 years.
TECHCRUNCH
Automated check-out systems in supermarkets, where cashiers are replaced by barcode-readers and touchscreen interfaces for taking payments, have become a commonplace fixture in many parts of the world. But today, a startup that’s building what many believe will be the next generation of such systems — computer-vision-powered platforms that monitor what you take from the shelves and automatically tally it up as you are on the move so that you can leave without checking out — has raised funding to…
THE REAL DEAL
Real estate executives at the front of the industry’s push toward sustainability will gather in New York City in a few days for Climate Week – the annual event coinciding with the U.N. General Assembly when business and government leaders join together to tackle climate change. One topic that’s sure to be eagerly discussed is green bonds, a niche area of financing that’s seen a surge over the past 15 months among U.S.-based real estate investment trusts, which have issued more than $3 billion…
COMMERCIAL OBSERVER
Commercial Observer caught up with Ryan Simonetti, co-founder and CEO of Convene. We talked everything flex space, from IPOs to coffee offerings!
VENTUREBEAT
Dialogue state tracking, or estimating and keeping tabs on a person’s goals throughout a multiturn conversation, is one of the ways Alexa figures out what users want. By combining conversation history with the most recent command, Amazon’s intelligent assistant can better map slot names — the price of a hotel or its star rating, for example — to slot values, or entities mentioned in a dialogue.
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