Latest Trends and Insights in Real Estate Technology

Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.

Search

  • Driverless Vehicles Start Crawling Around New York City Development

    COSTAR

    New York City’s first self-driving cars are now making regular trips around a 2.5 million-square-foot redeveloped industrial park, the latest test of the nascent technology in a real estate project across the country and the first for the state of New York. Autonomous cars are still in their early stages as they spread in controlled-environment developments around the United States. The latest initiative kicked off Wednesday, operated by driverless car technology company Optimus Ride as part …

    Read more

  • Vietnamese proptech startup Propzy seeks $25m in Series B

    DEAL STREET ASIA

    Vietnamese proptech startup Propzy is planning to raise $25 million in a Series B funding round later this year to expand its financial relationship management and property management products. Propzy has secured a total of $12 million in funding since 2016. Its latest round was a $6 million financing led by Korean VC firm Stonebridge Capital earlier this year, said its founder and CEO John Le.

    Read more

  • Co-working newcomer Blackbird, focusing on women of color, will open in LA

    THE REAL DEAL

    WeWork is by far the biggest co-working company around, but numerous niche providers have been trying to carve out space in an increasingly cluttered market. Those include wellness-centric Well Work Win, and women-focused The Wing. The latest entrant, Blackbird, focuses on women of color and will open its first location in Los Angeles next month. More locations are being considered, including one in Oakland, along with others in New York City, Atlanta and eventually London, Paris and South Af…

    Read more

  • Prop-Tech Unicorn VTS Expands into Toronto With Engineering Hub

    BLOOMBERG LP

    VTS Inc, a U.S. property-tech unicorn, is expanding its Canadian operations with an engineering hub in Toronto. The New York-based company plans to hire at least 50 staff by the end of 2020, taking advantage of the city’s deep pool of engineering talent and strong commercial real-estate customer base, according to Nick Romito, founder and chief executive officer of VTS. The company may also expand to Vancouver and Montreal….

    Read more

  • Millennials Care Most About Green Features In Their Apartments — Some Are Willing Pay More For Them

    BISNOW

    Among U.S. demographic groups, millennials care the most about having sustainable features in the apartments they rent, and even say they are willing to pay more for such green features, according to a new report by multifamily developer AMLI Residential. Millennials reported feeling particularly concerned about climate change and expressed a heightened desire to solve environmental problems, followed by Gen X, Gen Z and lastly baby boomers, according to the company’s third annual Sustainable…

    Read more

  • CBRE’s Digital and Technology Chief On Why These Roles Should Be Combined

    FORBES

    If one thinks back to the state of information technology within large, traditionally non-technical companies ten or 15 years ago, there was a vast trend to outsource technology. The belief went that much within IT was non-differentiating, and it would be cheaper to have other firms (often in places like India, Mexico, or Eastern Europe) do the work.

    Read more

  • Smart home devices to lead in third wave of the wireless home

    SMART CITIES WORLD

    Nearly five billion home wi-fi devices are in use around the world, according to a new report that also predicts “a new wave” of wi-fi smart home devices will drive adoption towards a total of 17 billion in use worldwide by 2030. The figures cement “the wireless home” as one of the leading technological trends of the early 21st Century and wi-fi technology looks set to remain the dominant platform for internet connectivity for many years, said the author of a new report.

    Read more

  • Goodbye Silicon Valley: The Geography of Proptech Startups

    CREtech

    It’s no secret that funding for startups is through the roof right now. As the summer months heat up, so has venture capital activity. Since June 2019, total dollar volume invested in private real estate tech companies has reached an estimated $3.6 billion, a 126.1 percent month-to-month growth in funding. Startup funding increases are happening across the board: Overall venture funding is up, and “the biggest funds continue to capture much of the upside as more capital flows into private techno…

    Read more

  • Brandon Weber’s second act

    THE REAL DEAL

    Last September, Brandon Weber gave up his day job as one of the leaders of commercial real estate tech’s most-hyped startup, VTS. He then decided to buy a one-way ticket and go traveling. Weber had founded Hightower, which merged with its chief rival VTS in November 2016 to create what Weber and VTS boss Nick Romito billed as a $300 million company. But Weber was unsatisfied playing second fiddle to Romito, the CEO of the combined firm. He told The Real Deal at the time that, “long-term, I th…

    Read more

  • Suburb in the sky: how Jakartans built an entire village on top of a mall

    THE GUARDIAN

    It’s Thursday and the residents of Jakarta’s Cosmo Park are out jogging, watering their plants or walking their dogs along neat asphalt roads. Neighbourhood kids pedal their bikes under frangipani trees and peach-coloured bougainvillea to the pool and tennis court. Apartments, comfortable and modern, sit side by side, with barbecues and toys stacked outside. Quiet and orderly, it feels like any other suburban idyll – but there is one difference. Cosmo Park is a village in the sky, perched …

    Read more
<< < > >>

Join the Community

Subscribe to CREtech to get our monthly newsletter curated by our editors and special event discounts and announcements.


or if you're already a member

Login

Forgot password? Click here.