Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
WSJ
U. S. buyout giant Silver Lake Friday struck at £2.2 billion ($2.98 billion) deal to acquire one of Britain’s biggest internet property search companies, a bet on the increasing use of the web by consumers and real-estate agents as a more efficient and cheaper way to buy and sell homes in the U.K. and beyond.
Crunchbase
Recognizing opportunities to disrupt the multi-trillion dollar construction industry, a slew of startups are focused strictly on developing technologies to make construction projects go more smoothly while increasing productivity and efficiencies. Investors are joining the game, with a number of venture capital firms formed with the purpose of investing in construction technology….
Bisnow
“Time is money,” as the saying goes, but around the country in apartment buildings new and old, mobility is the new cash cow.
LiquidSpace
Brandywine integrates LiquidSpace’s full technology platform across its Philadelphia & PA suburban portfolios Philadelphia, PA – May 11, 2018 – Brandywine Realty Trust and LiquidSpace, today announced a strategic partnership to meet the growing demand for flexible office from startups and enterprises in Philadelphia and beyond. This partnership will leverage the full LiquidSpace platform across Brandywine’s Philadelphia & PA Suburban portfolios, with the goal of invigorating the…
CRETech
Written by: Rich Sarkis, CEO & Co-Founder, Reonomy As an industry late to fully embrace the data revolution, commercial real estate is still operationally outmoded. Property information and market insights are passed around like a secret, and many transactional property data providers rely on self-reported information. That being said, access to technology driven market data is changing the way CRE professionals operate, from prospecting to closing deals. Simplifying access to informat…
Bisnow
Uber is planning on adding to its ride-sharing service by pioneering air travel-for-hire, and one architecture and design firm has an idea to make it scalable.
Business Insider
Augmented reality startup Blippar is abandoning Silicon Valley after shutting its third international office in the space of two years as it struggles to nail down its business model.
Crain’s
Venture funding is flowing through New York’s tech startups. In the first quarter of the year, VC-backed companies in the metro area took in $2.6 billion in investments, according to the MoneyTree deal-tracking tool from PwC and CB Insights. The city’s total represented a 61% increase from the first quarter of 2017 and was just a shade below the record-high $2.7 billion raised in Q1 2016.
Bisnow
In Los Angeles, WeWork’s more than 12,000 members across 16 locations generate $4.4B in gross domestic product, nearly 1% of the county’s annual output, and contribute a portion of the $93M in personal and business taxes collected in California, according to an economic study released Wednesday.
Bisnow
The largest rental building in New York City, a hot spot for celebrities, is the launching ground for a Google tool to make virtual reality tours more accessible to everyone.
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