Latest in Commercial Real Estate Tech News by CREtech

Latest Trends and Insights in Real Estate Technology

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Construction site mapping startup raises $14M from JLL, WeWork

THE REAL DEAL
8/15/2019

A startup that maps construction sites raised $14 million on Tuesday, marking the latest infusion of capital into construction-technology companies by major players in the industry. OpenSpace, which creates 360-degree photo representations of job sites using artificial intelligence, raised $14 million in Series A funding, the company announced on Tuesday. Lux Capital led the round, joined by Goldcrest Capital, as well as new investors JLL Spark, Navitas Capital, Suffolk Construction, Tishman …

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The News Funnel: Commercial Real Estate News, Personalized

THE NEWS FUNNEL
8/14/2019

The News Funnel is the commercial real estate industry’s largest content platform. Real estate professionals can create a free, customized News Funnel and receive headlines from their favorite sources daily. Companies can distribute their news and content for free to over 150,000 real estate professionals.

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Venture Capital Investments in Commercial Real Estate Tech – July 2019

CRETECH
8/14/2019

Download CREtech’s Monthly Funding Snapshot Report on venture capital investments for July 2019. The heatwave of venture funding continued in July 2019. Investments in private real estate tech companies reached $2.5 billion, a 126% month-to-month increase. During the same period, total deal volume decreased by an estimated 14%, totaling 37 deals.

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Co(ld) War: Why Some Landlords Prefer WeWork and Others Reach for Knotel

COMMERCIAL OBSERVER
8/14/2019

Like a Soviets-versus-U.S. space race, New York landlords have to figure out which side of the Iron Curtain they want to be on: WeWork’s or Knotel’s. WeWork and Knotel are the two biggest flexible office space providers in the city, competing for tenants and offices with relatively few overt acts of aggression, with both brands nabbing large chunks of space in buildings and sometimes even working with the same landlords….

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Why Technology Won’t Replace Human Touch

GLOBEST
8/14/2019

In the residential market, more—not less—people are using brokers to buy a home, despite online tools. In fact, more buyers are looking online and following up with expert advice from a broker. The trend is a good sign for the commercial market that technology won’t replace the human touch of the real estate industry. Technology, instead, is becoming a part of the process along with human brokerage.

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WeWork reveals IPO filing

TECHCRUNCH
8/14/2019

WeWork, now known as The We Company, released its IPO prospectusWednesday morning months after filing confidentially to go public. The company indicated plans to raise $1 billion in what is likely a placeholder amount. Backed by billions from SoftBank and its mammoth Vision Fund, the highly-anticipated float is expected as soon as next month. The New York-based company, valued at $47 billion earlier this year, has long been rumored to be plotting a massive IPO despite towering losses. The b…

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Coworking Firms Draw Tenants With Babysitting, Farm-to-Desk Dining

COMMERCIAL OBSERVER
8/14/2019

Long gone are the coworking days when it was enough to offer a cheap desk and maybe a beer keg. At, for instance, The Wing, the coworking space designed for women, which will count at least 13 locations by year-end, members are offered showers, a roof deck, a beauty room, and even a recently-launched babysitting space called Little Wing that provides open play and story time for children and support groups for mothers. Now available in their Soho and West Hollywood locations, Little Wing will e…

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Construction-Focused Venture Firm Brick & Mortar Closes $97 Million Fund

WSJ
8/14/2019

Brick & Mortar Ventures has raised a $97 million fund targeting the construction, engineering and architecture sectors. Backed by large construction companies including Ardex GmbH and Mexican concrete company Cemex SAB, the fund has already invested in 16 startups since January 2018. The San Francisco-based firm has invested in startups developing everything from enterprise technology for project management to advanced 3-D modeling tools.

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CREtech Releases 2019 Mid Year Report on State of The Commercial Real Estate Tech Sector

CREtech
8/13/2019

The most important strategic analysis and comprehensive overview of the state of the commercial real estate tech sector is here! Considered the number one resource for data, trends and startup information, the 2019 CREtech Mid Year Report is a must-have for any commercial real estate professional or company.

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Venture Capital and Commercial Real Estate

GLOBEST
8/13/2019

ORLANDO, FL—Venture capital is changing commercial real estate at an astonishing pace. GlobeSt.com recently caught up with Andrea Jang, head of growth Americas for JLL Spark, to gain insight on how venture capitalists choose what to fund, how their funding will change CRE, and how to keep pace with the changes. The topics we focused on will be part of a larger breakout session she will serve as a panelist on at the upcoming CREW Network Convention and Marketplace here in Orlando, FL….

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