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  • Zillow’s Zeal to Outbid for Homes Backfires in Flipping Fumble

    Bloomberg

    Faced with the fastest-rising real estate prices in U.S. history, Zillow Group Inc. tweaked the algorithms that power its home-flipping operation to make higher offers. It ended up with so many winning bids that it had to stop making new offerson properties. Now, after buying more homes in the third quarter than it ever has before, the company is working through a backlog of houses that need to be fixed up and sold while facing an unpleasant reality: Slowing price appreciation means it will s…

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  • Real Estate Tech Firm HomeLight Expands in Arizona

    PYMNTS

    Real estate technology platform HomeLight is broadening the reach of its financial products, HomeLight Trade-In™ and HomeLight Cash Offer™, to real estate agents, homebuyers and sellers across Arizona, according to a Monday (Oct. 25) press release. Both products have been used extensively amid the housing boom. Based on transactions closed since December 2019, HomeLight Trade-In homes have sold for 5% above valuation, while offers with HomeLight Cash Offer saved buyers up to 4.4% compared to …

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  • By-product of the Great Resignation: People are turning to robots for career support

    FastCompany

    Maybe all the social distancing and remote work we had to do over the past 18 months really did break our brains. A new report from Oracle and Workplace Intelligence finds that stress and burnout are worse this year: 62% of over 14,000 people polled globally said they found 2021 to be the most stressful year at work ever, and 52% admitted the struggle with mental health was real….

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  • Billy Secures $3.5M in Seed Funding Led by Global PropTech VC Firm MetaProp

    KPVI

    Billy, an end-to-end platform that helps construction companies manage their insurance, announced today a $3.5 million seed funding round led by MetaProp and Coelius Capital with participation from Global Village, Shadow Ventures, Hustle Fund, and Laguna Canyon Group. The round was oversubscribed, included several pre-seed investors, and brought total funding for the company to $4.25 million this year alone. The funding enables billy to hire new talent, scale the adoption of its insurance manage…

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  • High hopes for timber: Wood towers gain favor in US

    The Real Deal

    For residents of a Milwaukee tower to admire the wood holding it up, samples of the material first had to undergo a trial by fire. Literally. The U.S. Department of Agriculture burned the glue-laminated timber columns for three hours in a lab, the longest test ever conducted for the material in the states. The 2019 examination helped persuade local officials to grant developer New Land Enterprises variances to build the 284-foot tower with timber and expose more of it than is usually allowed….

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  • As Risks of Climate Change Rise, Investors Seek Greener Buildings

    New York Times

    When the developer Lendlease opens its $600 million residential and office complex in Los Angeles, expected in 2025, the site will have the typical hallmarks of sustainable development: proximity to a light-rail stop, an all-electric residential tower, solar panels and a pedestrian plaza.

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  • Future-Proofing Your Workforce, Workplace and Portfolio, Part 2

    CREtech

    Tony Josipovic of JLL discusses the company’s ‘Future of Work’ model and how it relates to the workplace.

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  • WhyHotel opening living space at Rudin’s 110 Wall Street

    The Real Deal

    WeLive may not have been a success at 110 Wall Street, but Rudin Management is set to debut a new tenant that might have better luck at its Financial District building. Hospitality platform WhyHotel on Tuesday announced its first New York City property, which is slated to open Nov. 1. The company is launching Front & Wall Street, which will operate under its Hospitality Living umbrella….

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  • Covid Acted As A Pivot And Is Bringing New Tech Into The Office World

    Bisnow

    If all goes well, companies will return to the office en masse after the first of the year, but workers and tenants will most likely expect many changes, including environments seen as safe. More protection from unneeded contact or crowding may be key to keeping buildings occupied and new technology has a role to play. Due to new tech tools, visitors and workers in new or updated Class-A offices can expect a different experience than in pre-Covid days, Level-1 Global SolutionsCEO Thomas McElr…

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  • PropTech1 Ventures wins JLL Spark as latest investor

    Proptech 1

    PropTech1 Ventures, the European venture capital fund for the untapped innovation potential of the real estate industry, welcomes U.S.-based proptech investor JLL Spark Global Ventures as a new limited partner. JLL Spark is the strategic investment arm of JLL, a leading professional services firm that specializes in real estate and investment management. A final closing of PropTech1 Fund I is planned by the end of 2021 at the latest.

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