Latest Trends and Insights in Real Estate Technology

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  • Industrial vacancy hits all-time low as technology, consumers change

    Real Estate Weekly

    Industrial vacancy has reached an all-time low as changes in technology, supply chains and consumer habits continue to drive leasing demand for properties. 2017 was the sixth straight year during which rent growth accelerated, and the first year on record in which the industrial sector’s rent growth outpaced that of the other three major commercial real estate sectors, according to a new report from Ten-X. The online transaction platform predicts healthy demand throughout this year, wi…

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  • RealPage to Acquire ClickPay

    Business Wire

    RICHARDSON, Texas–(BUSINESS WIRE)–RealPage, Inc. (NASDAQ:RP), a leading provider of software and data analytics to the real estate industry, today announced its agreement to acquire ClickPay, a comprehensive electronic payment platform servicing 2.3 million units across the multifamily, HOA, condominium and co-op segments of real estate. ClickPay significantly expands RealPage’s footprint into the HOA owner-occupied segment of real estate, broadens the company’s presence in the…

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  • Comfy Connects and Tracks Building Systems Usage

    CRETech

    Comfy offers employees and businesses a smart and simple interface that they can use to control, connect and communicate in their workspace. Meanwhile, the workplace teams gains access to more detailed data from the employee’s experience and the existing building systems, which can lead to better future business decisions. It’s a solution that connects all building systems to virtual workplaces, using implementation engineers, customer success managers, and support specialists. They’re all o…

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  • Logistics Tech Provider project44 Raises $35 Million in New Funding

    WSJ

    Logistics technology provider project44, which builds software that connects transportation operations in the supply chain, has raised $35 million in venture-capital funding to expand beyond its North American base. The firm said Tuesday that the funding round, led by Boston-based OpenView and including financing from 8VC and eBay founder Pierre Omidyar’s firm Omidyar Technology Ventures, brings the company’s total capital raised to $48 million. The company said the funding round places proje…

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  • Developing rapid response services for real estate agents, Agentology bags $12 million

    Techcrunch

    Startups like Zillow  and Trulia have reshaped the real estate market by giving consumers their 24-hour covetable, clickable window into shoppable home sales — and the other players in the real estate marketplace are struggling to catch up. This deluge of leads coming in to real estate agencies across the country from online sources is the inspiration for Agentology, a new startup that just raised $12 million in a round led by Defy.vc. The investment was sourced through mutual work that Je…

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  • 99,000 Investors and $5.8B in Commercial Properties Now on CrowdStreet, Which Is Emerging as Powerhouse in Online Real Estate Investing

    PR Newswire

    PORTLAND, Ore., April 17, 2018 /PRNewswire/ — With a steady focus and at an accelerated pace, CrowdStreet is moving the fundraising component of the $15-trillion commercial and multifamily real estate business online, helping real estate developers and operators raise capital and acquire new investors online, and helping high-net-worth investors build wealth through online real estate investing. With more than 99,000 investors now on its platform, CrowdStreet is one of the …

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  • San Francisco’s First Positive Net Energy Condos Create A New Sustainability Standard

    Bisnow

    The solar panels in Sol Lux Alpha create enough energy, which can then be stored in batteries, to power the building for extended periods, Off The Grid Design CEO and principal John Sarter said during a tour of the property. Each 1,800 SF condo uses 80% to 90% less energy than a traditional house. Homes are priced at about $2M to over $3M. Sol Lux Alpha, at 685 Florida St., is one example of how developers are trying to create more sustainable and resilient buildings in San Francisco. One of the…

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  • This Startup Could Finally Bring Real Estate Into The Blockchain Era

    Forbes

    Real estate transactions move at a snail’s pace in the U.S., with ownership tracked on pieces of paper. But crypto startup Harbor thinks it has found a way to turn real estate into a liquid asset with digital, tokenized securities. The San Francisco company announced $28 million in new investment, led by Peter Thiel’s Founders Fund. Andreessen Horowitz and crypto investment firms Pantera Capital and Craft Ventures also invested. Harbor had already secured $10 million in funding in F…

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  • WeWork is on an acquisition spree — and they’re all over the board

    Recode

    WeWork’s purchase of Chinese co-working startup Naked Hub marks its sixth acquisition in the past eight months. Since raising $4.4 billion from SoftBank — whose CEO has told founder Adam Neumann to grow WeWork “10 times bigger than your original plan” — the company has been acquiring companies at a rapid pace, averaging one about every two months. Most of its deals have been outside of WeWork’s core business of renting out work space, ranging from education tech to apps for construction workers…

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  • Ten-X Launches New Dashboard To Increase Transparency, Bulk Up Commercial Offering

    Bisnow

    Silicon Valley- and Irvine-based Ten-X has launched a new dashboard for Ten-X Commercial to enhance the broker, seller and buyer experience. Ten-X and other online platforms like Zillow, CoStar’s LoopNet and StreetEasy have long struggled to attract more brokers to use their products for commercial deals. Many brokers prefer more hands-on deals. Ten-X Senior Director of Product Marketing Tony Belforte said Ten-X has been about finding an unknown buyer from around the globe using a data-driven ma…

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