Latest Trends and Insights in Real Estate Technology

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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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  • SQUAREFOOT RAISES $7M TO MODERNIZE THE SEARCH FOR OFFICE SPACE

    Squarefoot

    NEW YORK, NY — APRIL 18, 2018 — Commercial real estate technology company SquareFoot (www.squarefoot.com) today announced it has raised $7 million in a series A round of financing led by Rosecliff Ventures, with participation from Triangle Peak Partners, RRE Ventures, Primary Venture Partners, Armory Square Ventures, Entrepreneurs Roundtable Accelerator, among others. SquareFoot will use the new capital to accelerate expansion within New York City, launch additional markets in the U.S. and expan…

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  • RE tech firms take note: China’s VC activity is on track to surpass the US

    The Real Deal

    Silicon Valley is no longer the mecca for venture capital funding it once was; Chinese VC firms are stepping up and signalling they could surpass their American counterparts. An analysis by the Wall Street Journal found that the funding available from VC companies based in China has increased by 15 times since 2013, while U.S. funds only doubled. Of the $154 billion which was funneled into startups globally, 40 percent came from Asian investors, compared to 44 percent from the U.S. Further…

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  • Appear Here Helps You Rent Your Space To Retail Businesses

    CRETech

    British-based Appear Here helps you rent shops (including pop-up shops) around the world. Over 125,000 brands are using it, with thousands of exclusive spaces to rent by day, week or month. Concierges are also available to help. The platform assures that the entire booking process is managed securely online Options can get downright niche, including women-only spaces and London’s most Instagrammable spots. Also available: market stalls, high-end street stores, rooftops, gardens, and even catw…

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  • Zillow Intends to Buy and Flip Homes

    WSJ

    Real-estate listings company Zillow Group Z -6.53% is getting into the business of buying and flipping homes, a risky and untested business model for the online service that could disrupt the traditional brokerage business. Zillow said Thursday it will purchase homes from consumers in Las Vegas and Phoenix, renovate them and aim to flip them within 90 days. The company initially plans to hold 300 to 1,000 homes by the end of the year, which amounts to an investment in the $75 million to $250 …

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  • Hospitality-Based Blockchain Taps Into Millennials’ Love Of Cryptocurrencies

    Bisnow

    Who would have thought that the idea of collecting tokens in video games would eventually inspire the hotel industry to do the same?  Wiki Commons/DARPA Millennials innately understand the backbone of cryptocurrency — and they are the next wave of consumers. “They are the digital native,” Chairman and CEO of Brillembourg Holdings David Brillembourg said. “How they relate to brands and their brand loyalty is very different.” Seeing this trend emerging, Brillembourg created STEP, a blockchain prot…

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  • Is co-working the new TAMI?

    The Real Deal – New York

    On the heels of SoftBank’s $4.4 billion investment in WeWork last year, some co-working rivals stepped up their fundraising game. Industrious kicked off 2018 with a new $80 million funding round and Knotel followed up with an $80 million fundraise of its own. And with all that firepower for expansion, co-working companies are now rivaling Manhattan’s traditionally dominant firms for space. Co-working tenants leased more office space than technology, advertising, media and advertising (TAMI) comp…

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  • Solving Energy Efficiency’s Black Box Dilemma, Redaptive Raises $20 Million, led by CBRE, and Targets Commercial Demand for Efficiency-as-a-Service

    Redaptive

    $200 million of customer projects secured unlocking approximately 423 million kWh of energy savings Redaptive provides capital solutions, data transparency and project resources to scale efficiency deployments Data transparency platform enables measurable savings and project underwriting SAN FRANCISCO – April 16, 2018 – Redaptive, a leading provider of commercial Efficiency-as-a-Service (EaaS), announced today it has secured a $20 million investment round led by CBRE Group, the wo…

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  • Zillow’s new initiative could change what it means to be a broker. Are brokers worried?

    The Real Deal – Miami

    With Zillow’s expansion of its “Instant Offers” program and its declaration that it would become a direct player in the market by buying and selling homes, brokers across the country took stock of what that might mean for them. The real estate listings giant, which has a market capitalization of around $10 billion, said it will begin buying up homes in Phoenix, with the aim of reselling the properties within 90 days. Agents who participate in Premier Agent, Zillow’s agent advertising program, co…

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  • Zillow surprises investors by buying up homes

    TechCrunch – All Stories

    Real estate platform Zillow changed up its business model this week, announcing that it plans to purchase and sell homes in Las Vegas and Phoenix. Zillow will be working with Berkshire Hathaway and Coldwell Banker to make offers on homes before it finds a buyer. Zillow will pay commissions and also “make necessary repairs and updates and list the home as quickly as possible.” Calling it “Instant Offers,” Zillow says, “the program gives real estate agents the opportunity to acquire new listings b…

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