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Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
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The Real Deal
Boosted by a surging U.S. housing market, Realogy’s revenue grew 6 percent to $6.2 billion in 2020, the real estate giant said Tuesday. But its net loss ballooned to $360 million from $188 million in 2019, due to Covid-related impairment charges.
Surface Mag
Deemed the most outdoorsy headquarters ever, REI’s so-called summer camp for adults was maybe too good to be true. The multinational firm NBBJ outfitted the eight-acre campus with fire pits, rooftop terraces, sliding glass doors, exterior staircases, passageways, skylights, and thoughtful landscaping, including blueberry bogs, that reference the site’s agricultural past. A multitude of interconnected workplaces with modular features blurred the lines between nature and the built environment.
TechCrunch
Burrow, a startup that first launched with a modular sofa, eventually aims to sell you furniture for every room in your home. Today, it’s announcing that it’s raised $25 million in Series C funding.
Crunchbase
The Sand Hill Road powerhouse emerged as the standout venture investor of 2020 based on returns from exits, with seven of its portfolio companies going public and another two acquired for close to $1 billion or more.
The Real Deal
Taking on the likes of Zillow and CoStar, Redfin struck a deal to buy RentPath for $608 million, the company said Friday. Yes, that’s the same RentPath that called off a $588 million sale to CoStar last year, after federal regulators blocked the deal on antitrust grounds. With Redfin, there are no such concerns since Redfin is new to the rental game. …
Business Wire
NEW YORK–(BUSINESS WIRE)–CREtech, the largest media company devoted to covering the real estate technology sector, announced the official launch of CREtech Climate, a new platform devoted to educating and inspiring investment in climate tech, Sustainability, and ESG throughout the Built World. In collaboration with Fifth Wall and several leading real estate and advisory companies, CREtech Climate’s mission is to decarbonize the industry and promote sustainability and ESG through a daily newsle…
Bisnow
Although the widespread and sudden shift to remote work early last year was a shocking change, a pre-existing movement toward more flexible work options was already well underway, making some companies better positioned to weather the upheaval.
The New York Times
Industry experts are starting to take heed as disruptions from the pandemic and changing technological needs are hastening the demise of commercial real estate developments.
CREtech+
Join David Eisenberg, Founding Partner of Zigg Capital in a detailed discussion on disciplined investment strategies he has developed over the past decade, and what types of new tech he places the most value on.
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