Latest Trends and Insights in Real Estate Technology

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  • Major shakeup at Compass: CFO and longtime CTO are leaving firm

    The Real Deal

    Two of Compass’ key executives — chief financial officer Craig Anderson and longtime chief technology officer Liming Zhao — are leaving the $2 billion startup, the firm said. Anderson’s departure comes just seven months after he joined the firm. The former COO and CFO of the cycling chain Flywheel, Anderson was hired in August to replace David Snider, one of the startup’s earliest hires, who originally headed up finance and operations but later focused more on securing venture funds for the f…

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  • Kushners’ Cadre Startup Benefited From Misleading Rent Filings

    Bloomberg

    Cadre, the real estate investing startup co-founded by White House senior adviser Jared Kushner, was the primary beneficiary of a property-flipping investment that may have been less profitable if it had fully complied with New York City disclosure rules about rent-regulated tenants.  Cadre owned about 60 percent of three rent-regulated buildings in Queens sold by Kushner Cos. in April 2017. The $59 million price tag was an 80 percent premium over what they paid in January 2015, property record…

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  • Flexible Office Provider NYC Office Suites Inks Two Deals in Midtown

    Commercial Observer

    NYC Office Suites, which provides flexible office space, has signed a lease for 40,000 square feet in Rockefeller Center and a sublease for 30,000 square feet in the Citigroup Center, Commercial Observer has learned. SEE ALSO: Virgo Business Centers Doubling Footprint at 1345 Avenue of the Americas The larger of the two deals is in Tishman Speyer’s 1270 Avenue of the Americasbetween West 50th and West 51st Streets, with the company taking the entire seventh and eighth floors. Avital Shimsho…

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  • Bixby: A Powerful Tool for Property Managers and an Improved Experience for Tenants

    CRETech

    Property managers use the Bixby platform to serve their tenants and residents, partnering with software and service providers to offer high-quality customer services and increased benefits. Partners include Stripe, a payment processing company, and Lemonade, an insurance provider. Both the web and mobile app allow tenants to stay connected 24/7, featuring push, text and email notifications. Maintenance requests and work orders can be processed on the app, which means fewer phone calls; onlin…

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  • Crossland Construction Selects Kahua to Streamline Diverse Operations and Fuel Future Growth

    PR Web

    Kahua, the provider of the world’s premiere collaborative network for real estate and construction project management, today announced an agreement with Crossland Companies, Inc, one of the nation’s top general contractors. Under the enterprise agreement, Crossland will manage a wide variety of projects in their Construction and Heavy Contracting business units on The Kahua Network. Crossland is a top 100 national contractor, offering a wide range of construction services to customers across th…

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  • Building Bridges not Walls, the Future of Commercial Real Estate

    LDCRE

    Real Estate Technology (CRE Tech) firms have emerged addressing a number of industry challenges, which have long been accepted as normal. A few of the solutions are enhancing Customer Relationship Management (CRM), centralizing information sharing, simplifying the creation of marketing materials, increasing the quality of market data, and increasing market reach on offerings. Each CRE Tech Company offers beneficial solutions, but what is most important is the value these CRE Tech firms collectiv…

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  • Amazon Sets Off To Become America’s Biggest Mortgage Lender

    ZeroHedge

    First it monopolized the online retail space; then it made a dramatic appearance in the bricks and mortar grocer sector with its acquisition of Whole Foods, and lately it has been preparing to take on both the pharmaceutical & healthcare sector,  and even banking. And it’s only just starting, because as Housing Wire notes, Amazon is now looking to get into the mortgage lending business, and not just get into it but – in standard Bezos operating procedure – dominate it thoroughly while cru…

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  • Aalo is do-it-yourself, customizable, re-purposable furniture

    Techcrunch

    Buying furniture sucks. Getting rid of it later is worse. Aalo, part of the Y Combinator Winter 2018 class, is trying to fix both sides of that equation. They want you to design and build your own furniture… and when you’re done with it, turn it into something else. They’ve built a system of interlocking, interchangeable parts which you can use to build their designs or create your own. “Furniture”, here, mostly means things to sit your stuff on at this point — not stuff you sit on. Th…

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  • Life After Amazon: Why Whole Foods Will Not Become a ‘Conventional Grocery Store’

    Inc.com – Headlines

    Ethan Hirshberg has organics in his blood. The son of Stonyfield Yogurt founder Gary Hirshberg, in 2016 he launched Ethan's, a drinking vinegar company. By the end of that year, he had his first sit-down with Whole Foods. In August, Whole Foods took his shots–in flavors like turmeric-apple and ginger-pineapple–national. Like many smaller vendors, Hirshberg is dismayed by some of the changes rolled out–clumsily, many agree–after the retailer's acquisition by Amazon. Among the most c…

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  • Foxtrot Announces $6M Series A Led by Fifth Wall

    Foxtrot

    Next generation corner store to grow its online and offline experience in Chicago and nationally across residential, hotels and commercial CHICAGO, Illinois – March 15, 2018 – Foxtrot, the next generation corner store, announced today the closing of a $6 million Series A round of financing led by Fifth Wall, the largest venture capital firm focused on the Built World. With the new funds, Foxtrot will take its successful retail model and grow the team to support the expansion of its on-demand …

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