Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
SURVEY MONKEY
Even though a majority of people are comfortable having “smart” devices in their homes and nearly as many are comfortable living in “smart” cities, most people in a new Axios|SurveyMonkey poll still overwhelmingly say they want control over what type of data is collected about them through these smart technologies. …
TurboTenant
RET Ventures Leads the Company’s Latest Round of Financing Aimed at Fueling Adoption by Major Multifamily Owners and Operators Fort Collins, Colorado – July 17, 2019 – TurboTenant, the industry-leading free online platform for tenants and landlords, raised $6.5 million in Series A funding led by RET Ventures with participation from previous investors including Access Venture Partners in Denver, Colorado. The Company plans to expand its marketing and development teams to fuel customer growth and…
NATIONAL ASSOCIATION OF REALTORS
The assumed demise of bricks-and-mortar retail stores in the age of e-commerce doesn’t appear to be playing out the way the real estate industry thought it would. In fact, a melding of in-store and online services—even for some brands that started out as digital-only—seems to be a winning strategy aiding a retail resurgence, says Todd Caruso, a senior managing director at commercial real estate brokerage CBRE….
FIFTH WALL
With over $1 billion assets under management and more than 50 corporate strategic investors spanning 11 countries Fifth Wall has assembled the largest consortium of real estate owners to invest in cutting edge startups and transform the global real estate industry LOS ANGELES, Calif. – July 17, 2019 – Today, Fifth Wall, the largest venture capital firm focused on technologies for the global real estate industry (property technology or “proptech”), announced the close of its second real …
WSJ
Real-estate developers in Los Angeles and Chicago are embracing drone technology to help speed up the building process and reduce costs. But in New York City, a 71-year-old local statute is keeping drones grounded. The 1948 law requires that all aircraft take off and land in a location designated for flight by the Port Authority—namely airports. This effectively prohibits drones from flying within city boundaries, despite the Federal Aviation Administration’s 2016 rule that legalized commerci…
GLOBEST
DALLAS—Multifamily owners now have the convenience of a text messaging tool that connects directly with existing property management software platforms. A cloud-based SAAS platform with custom SMS/MMS solutions, IRIO, is partnering with RealPage Inc., provider of real estate software and data analytics. In this partnership, IRIO will provide RealPage clients with a texting solution integrated into RealPage’s platform.
BISNOW
Every year, more and more women are added to the ranks of New York’s commercial real estate world. They are running firms, brokering big-ticket deals and having a major influence on the future of the city through design, construction, government policy and law. Still, despite the significant achievements made by so many women, setbacks, challenges and obstacles persist. Like so many industries, males still outnumber women in leadership roles and the pay gap has not yet been closed.
COMMERCIAL PROPERTY EXECUTIVE
Life House, a New York-based company specializing in lifestyle boutique hotels, has secured $100 million in equity commitments, or about $250 to $300 million in total asset value, from Boston’s Blue Flag Partners. The sum is expected to let Life House acquire seven to 10 additional hotels. The deal comes soon after Life House took over operation of The Roberts Collection, a historic 58-room hotel in Nantucket, Mass., which Blue Flag had acquired in April. Life House will begin restoration of …
AQUICORE
Aquicore’s newest machine learning feature automatically identifies and alerts building engineers and property managers of potential building operations problems and their estimated financial impact WASHINGTON – July 16, 2019 – Aquicore, a leading commercial real estate software company with an all-in-one operations platform, announced today the release of “Automatic Diagnostics,” a new machine learning tool heralding the next generation of fault detection diagnostics available through its comp…
PROCORE
CARPINTERIA, Calif., July 16, 2019 – Procore Technologies, Inc., a leading provider of construction management software, today announced it has entered an agreement to acquire Honest Buildings, Inc., a leading provider of project management software for owners and developers. This acquisition will allow Procore to create the construction industry’s first full-stack platform to manage projects from start to finish. Together, the companies will use their platforms to create unified financials and …
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