Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
The Real Deal
When Zumper launched its own rental brokerage with three agents last summer, Manhattan’s traditional brokerages were up in arms. Since then, the StreetEasy competitor has more than doubled its number of exclusive rental listings and embarked on an agent recruiting spree.
RealtyeVest
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CRETech
As someone who is IN the event space in a big way, I don’t really focus too much on other people’s events. Of course if it’s ICSC, SIOR, or any kind of industry group that wants to learn about tech, I am there without a question. But speak at another tech company’s event? Not really sure what value I bring, to be honest. But when I was asked to be the MC for Honest Buildings and Convene’s Catalyst event in NYC, it was an unequivocal “HELL YA!” Why? Well simply because I have deep re…
Bisnow
When Oxford Properties Group makes a call on a PropTech investment, the firm applies what company President Michael Turner describes as “two smell tests.” “It has to have strategic value to Oxford or we think it’s transformative for the industry,” Turner said. “And it has to have an attractive direct financial return.”
The Real Deal
Does $78 million surprise you? That’s what a handful of co-living and short-term rental startups between New York and San Francisco have raised in funding rounds over the past year, according to TechCrunch–and it’s not an exhaustive list. (For example, Common’s infusion of $40 million from a funding round, first reported by The Real Deal late last year, was not included.)…
Techcrunch
Managing, buying and selling commercial real estate is a fairly primitive process. CREXi founder Mike DeGiorgio remembers one experience in 2014 when he was required to fax and mail details about an urgent transaction to the leasing office, a move that made him think he was back in the era of Pogs and MTV’s Real World Season 1.
Bisnow
Home-sharing is on the rise, and startups are sprouting up to meet the demand. The phenomenon involves smaller dwelling spaces, more temporary lease options and high-touch services, TechCrunch reports. The trend is largely being seen in highly expensive urban markets like New York City and San Francisco.
The Real Deal
Revolutions tend to promise one thing and deliver another. Think of the Jacobins paving the way for Napoleon, the Soviets toppling one autocracy only to ultimately replace it with another, or anti-corruption crusader Hugo Chavez building an empire of graft in Venezuela. Turns out this maxim also applies to real estate technology.
WSJ
The shared-office-space market is getting more crowded. Convene, a flexible-workspace and meeting-space provider, has signed a lease deal for its largest location, a 93,000-square-foot space in lower Manhattan’s One Liberty Plaza. Executives have their sights on more and bigger locations.
The Real Deal
Real estate crowdfunding platform Cadre is seeking at least $100 million from a fund started by the SoftBank Group.
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