Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
PlaceTech.
Commercial real estate is a complicated field, overrun with more tools, platforms, and systems than you can count, writes Bronny Wilson of Equiem. So how do we cut through the noise with a comprehensive solution?
Crunchbase
Global funding slowed dramatically in the second quarter of 2022 as investors shied away from later-stage funding bets. It also marked the first quarter with a significant drop in funding since the beginning of 2020.
Wall Street Journal
Soon after a gunman shot and killed a Goldman Sachs Inc. employee on a New York City subway train in late May, David Solomon’s email inbox started filling up. Staffers shared their grief and alarm with the Goldman chief executive. They also had questions about the viability of returning to the bank’s Manhattan office, according to people familiar with the matter….
Wall Street Journal
Companies are taking steps to further reduce their U.S. office footprint as they look to cut costs amid what many expect will be an economic downturn….
TechCrunch
Adaptive, an 11-month-old startup that has set out to give construction teams better tools to manage their back offices, has raised $6.5 million in a seed round led by Andreessen Horowitz (a16z). This adds to the $750,000 the company raised in pre-seed funding last August.
Crunchbase
Warren Buffet often says to “buy when there’s blood in the streets and sell when there’s euphoria” and that moniker is as true today as it has ever been.
GlobeSt
Proptech company Yardi announced a couple of expansions of its coworking and flex space offerings. One was the launch of its new CoWorkingCafe.com site, which is designed to “allow real-time bookings for conference rooms and private offices.”
Proda
PRODA, the London-based data processing and analysis platform, has announced the completion of its Series A funding round. The fundraise was led by existing investor ING Ventures, and welcomes JLL Spark, Blackstone Innovations Investments and Concrete VC as new investors.
PlaceTech.
Having invested £325m in R&D over the last five years, the construction giant is launching an initiative to fund ideas that come straight from its employees.
Bisnow
JLL has inked a new partnership with a proptech firm as part of its effort to build an ecosystem of tech solutions for office landlords and tenants. The global commercial real estate firm reached a deal to sell one of its own workplace tech applications to HqO, a startup it invested in last year, as a way to combine two types of office tech offerings into one platform, JLL Technologies President Sharad Rastogi told Bisnow. …
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