Latest Trends and Insights in Real Estate Technology

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  • House-Flipper Opendoor Raising Funds at $2 Billion Valuation

    WSJ

    Open Door Labs Inc., which buys and resells houses, is in talks with investors to raise at least $200 million at a roughly $2 billion valuation, a deal that would help it purchase more homes and expand to new cities, according to people familiar with the company. The target funding amount would bring the company’s total equity capital raised to over $500 million since its founding in 2014. It also has raised more than $1 billion of debt to help finance its purchases of homes, said a person …

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  • RealConnex Inks New Partnership with Invizen IT Platform

    RealConnex Blog

    RealConnex, the largest networking and business development platform for the CRE industry, is pleased to announce a partnership with Invizen IT, a real-time CRE analytics platform, which supplements RealConnex’s array of deal-making tools by introducing asset protection, underwriting, land value analysis and feasibility reporting so users can connect to capital, investment and other services faster than ever before. Aiding in Investment Progress The arrangement’s added capability means users can…

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  • A Year After Merger, VTS Discusses Future, New SoCal Clients

    Bisnow

    A year after its $300M merger with Hightower, VTS continues its upward trajectory. The company is growing in the Southern California commercial real estate market with new clients such as LBA Realty, Rexford Industrial, Griffin Capital and Worthe Real Estate Group. Following the merger, the CRE technology and software company that provides a platform for brokers and landlords to better manage their portfolios has surpassed 7B SF of office, retail and industrial space being managed on the platfor…

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  • The SPARK That Commercial Real Estate Tech Needs

    CRETech

    I had the pleasure recently of connecting with Mihir Shah, Co-Founder, JLL Spark on the heels of their acquisition of Stessa.com. Really smart deal, a win-win for JLL and for Stessa. On the heels of this transaction, I wanted to learn more about Spark, so I had a chat with Mihir. Was really, really impressed by him, the Spark vision, and strategy for their future plans. Brokerage firms taking the lead in CRE technology is something I have been writing and talking about for a while. And I …

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  • China-Based Ucommune Joins NYC’s Coworking Fray

    Commercial Observer

    About eight years into the coworking phenomenon in the Big Apple, Chinese giant Ucommune opened its first outlet in the city at 28 Liberty Street via a partnership with Rye, N.Y.-based flexible workspace provider Serendipity Labs. And the founder of the Chinese company isn’t scared off by the competition. “Definitely the competition is there. [But] I think good competition is a good thing [for] companies to modify their products and to improve the service,” Mao Daqing, the founder of Ucomm…

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  • Disrupting Real Estate: Podcast

    Wall Street Oasis

    Brendan Wallace, Co-Founder of Fifth Wall Ventures discusses tech colliding with the built world. How they raised over $200m for their first fund and what to do if you didn’t start your career at GS.

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  • Mocha And Minions: Inside Comcast’s Attempt To Revive Its Image Through Retail

    Bisnow

    Comcast has jumped into the experiential retail trend with two openings of its Studio Xfinity concept, a move Comcast representatives and retail experts say is aimed at repairing the often-criticized company’s image rather than bringing in sales.   Bisnow: Jon Banister The inside of the Studio Xfinity on Seventh Street in D.C. “The company recognized that a lot of the customers felt disconnected,” said Comcast Senior Consultant Vailen Smith, who works in the D.C. location. “They figured a way to…

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  • Unrelated But Living Together: How Co-Living Is Building Communities

    Bisnow

    On a recent Friday, Rose Mark and a friend started cooking dinner mid-morning. She would need to make enough lasagna to feed dozens of people by the evening. Twice a week, community members at Phoenix Commons in Oakland make dinner for each other, but this Friday dinner was special. Mark was celebrating the two-year anniversary of the opening of Phoenix Commons, a four-story, 41-unit senior co-housing facility along the Oakland estuary near the Park Street Bridge. Bisnow/Julie Littman Phoenix Co…

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  • NY-Based Flexible Workspace Provider Serendipity Labs Expands to Hollywood

    Commercial Observer

    Serendipity Labs, a flexible workspace operator based in Rye, N.Y., is planting a flag in Los Angeles, Commercial Observer can first report. For its first L.A. location, the company last night signed a deal to sublease 36,000 square feet on the entire second floor from the defunct indie film company Broad Green Pictures at 959 Seward Street in Hollywood’s Media District for the remaining eight years of the lease. (Broad Green Pictures shut down its production division last August, as the Los …

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  • How Top Cost Segregators Can Leverage Reonomy as a Lead Generation Tool

    Reonomy

    Reonomy is a CRE database tool with information on over 47 million properties nationwide, from property owner contact information to property tax and sales history. The tool’s search filters can be manipulated to produce tailored leal lists containing property owner’s email addresses, phone numbers and direct mail addresses. As a property cost segregator, the true beauty of the tool lies in its ability to allow you to target building owners and property managers who may now or in the future be s…

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