Latest Trends and Insights in Real Estate Technology

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  • New Mining Towns: How Bitcoin Is Luring People To East Washington

    BIsnow

    Bitcoin miners, who use a lot of computing power to run calculations to secure the cryptocurrency, and thus favor places with cheaper electricity, have recently gravitated to a number of rural counties east of Seattle to set up shop. The miners came looking to buy or rent residential properties with garages or other detached structures, or unused commercial structures, in which to set up their operations. Public Domain/pxhere IN 50 DAYS! DON’T MISS THE BISNOW ANNUAL STUDENT HOUSING CONFERENCE –…

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  • Guest Blog: Solar Energy in CRE, by Bryan Colin, Co-Founder and CEO VirtualAPT Corp

    CRETech

    I’d like to use this blog to focus on a specific technology or sector that relates to CRE and give my thoughts as to the value-added potential of certain solutions. The first is Solar Energy, a subject that I knew shockingly little about just six months ago. According to the Environmental and Energy Study Institute, “The commercial and residential building sector accounts for 39% of carbon dioxide (CO2) emissions in the United States per year, more than any other sector. U.S. buildings alone are…

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  • “If you build it, they will come”

    CRETech

    As a follow-up to last week’s blog on why it’s a good time to be a young startup in CRE tech, I wanted to again highlight the fact that I feel strongly that this is a good climate for startups with brokerages starting to get aggressive on the investment and acquisition front. To support that theme, just look at JLL Spark’s recent acquisition of Stessa, or Colliers’ deal with Techstars. Of course, you have to be building something that 1) solves a pain point, 2) has users who can validate…

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  • SoftBank’s Futuristic Vision Fund Takes on the Real (Estate) World

    WIRED – Top Stories

    SoftBank’s Futuristic Vision Fund Takes on the Real (Estate) WorldSoftBank CEO Masayoshi Son likes to talk about 300-year timeframes for his investments.Mark Kauzlarich/Bloomberg/Getty ImagesSharesharetweetcommentemailAuthor: Erin GriffithErin Griffithbusiness04.16.1807:00 amSoftBank’s Futuristic Vision Fund Takes on the Real (Estate) WorldSoftBank CEO Masayoshi Son likes to talk about 300-year timeframes for his investments.Mark Kauzlarich/Bloomberg/Getty ImagesIn the last two months Michael Ma…

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  • REBNY considers major change to whisper listings agreement

    The Real Deal

    Faced with an uptick of “whisper listings” — for-sale properties that never officially hit the open market — the Real Estate Board of New York is taking a hard look at the rules governing how residential agents share information with each other. Members of REBNY’s residential board of directors are considering a proposed change to the universal co-brokerage agreement that would require agents to refuse a listing if the seller wants the property marketed privately, sources said. Under the curr…

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  • A New Model: The Inside Story Of WeWork’s £580M London Megadeal

    Bisnow

    WeWork has completed the £580M acquisition of Devonshire Square in London — but not in the way anyone expected. The structure of the deal and the way it was completed gives insight into the way the $20B flexible workspace giant will go about future property acquisitions, and how major global investors could forge new partnerships with the company to share in its explosive growth. WeWork exchanged contracts to buy the 620K SF, 13-building Devonshire Square estate opposite Liverpool Street station…

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  • Uber-Manc: Can The Car Hire App Really Change A City?

    Bisnow

    According to the car sharing app’s Northern boss, Uber can transform Manchester. Innovative partnerships with landlords and developers will unlock land and change geographies, whilst big data can unblock transport nodes. The theory applies not just to Manchester, but to any city in the world. The ambition is grand, the potential for change huge. But how will it work in practice? Uber’s head of Northern Cities, Neil McGonigle, explained to Bisnow how tie-ups with the property sector are at the he…

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  • Canadian CRE Firms Boost Honest Buildings’ Series B Round to $25M

    Commercial Observer

    Honest Buildings, a startup that provides a project management platform for real estate owners, has received an additional $3.5 million in funding, expanding its previously announced Series B financing round to $25 million, Commercial Observer has learned. SEE ALSO: As PropTech Industry Grows, Seed Funding Is Drying Up Canadian real estate firms QuadReal and Altus Group funded the additional investment, according to information provided by Honest Buildings to CO. “As a fiduciary of our inve…

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  • WeWork Pushes Deeper Into China With $400M Acquisition Of Naked Hub

    Bisnow

    Co-working giant WeWork is buying Chinese co-working startup naked Hub, one of its main competitors in China, as part of its aggressive growth in the world’s most populous country. Wikimedia/Rose Tim Wing Mxuiek A location of naked Hub, a Chinese co-working company acquired by WeWork Chinese media reported the deal earlier this week, and WeWork CEO Adam Neumann confirmed it in a blog post on Thursday. We are joining forces with naked Hub, which is part of naked Group, a leading hospitality, desi…

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  • WeWork Real Estate Chief Mark Lapidus Is Basking in His Company’s Nonstop Success

    Commercial Observer

    Somewhere between the first glass of champagne and the cutting of the cake, Mark Lapidus stumbled on one of those once-in-a-lifetime real estate opportunities when he went to a wedding in March 2012. The opportunity was being seated next to a heretofore unknown Adam Neumann, a co-founder of WeWork. A $15 billion valuation later, and the rest is history. Mr. Lapidus, WeWork’s global head of real estate since April 2012, talked to Commercial Observer two weeks ago at the company’s headquarters …

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