Latest in Commercial Real Estate Tech News by CREtech

Seven real estate tech startups break into the industry

Real Estate Weekly

2/6/2018

Jan 31, 2018• Jan 24, 2018• Jan 9, 2018• Jan 3, 2018• Seven fledgling startups graduated from Metaprop’s accelerated growth program and were shepherded into a crowd interested in cutting edge real estate tech at Demo Day on February 1. The startups were put through MetaProp’s intensive 22-week Accelerator program that provides them with a minimum $50,000 investment, connection to industry leaders, and the company’s resources and mentors. And nearly six months later, they’re pitching their ideas …

New Year, Positive Outlook

JLL Retail Blog

2/6/2018

New Year, Positive Outlook February 6, 20180 CommentBy JLL Retail 5 ways retailers can increase sales volumes online and in-store all year The holiday season is the most wonderful time of the year, or so the song goes. It’s also the time of the year where majority of retailers reach their highest annual sales volumes and luckily the increase this season was significant. Retail had one of its better years in 2017 and is coming off the best holiday shopping season since the Great Recession. The 5….

WeWork taking majority of Abner building on 14th St.

The Real Deal – New York

2/6/2018

WeWork quietly signed a lease for more than 120,000 square feet on 14th Street, at a property that could house the coworking colossus’ next big corporate member. The company is taking 122,000 square feet across six floors at Abner Properties’ 154 West 14th Street, sources told The Real Deal. But WeWork’s kept mum on the 15-year lease and hasn’t yet advertised the location. That’s because it’s been showing the space to several large tenants that could occupy all or a large portion of the space th…

Top private equity professionals back realty startup Propstack

Economic Times – India Times

2/6/2018

The Mumbai-based startup had closed a $3 million Series A funding from the Daily Mail Group in June 2015.

are you a cretech trailblazer?

CRETECH

2/6/2018

One of the most amazing parts of my job, is that I get to meet and communicate on a daily basis with some of the most amazing, talented, and inspiring people in the commercial real estate tech sector.They come from all over the world, in so many different parts of the business, and all with really incredible visions of how they are trying to bring a new era of technology to the commercial real estate industry.Since I entered…

why should real estate firms invest in technology?

CRETECH

2/6/2018

Eastern Union Proves Big Data Leads to Big NumbersGuest Post By Ira Zlotowitz, President at Eastern UnionIf you are a landlord trying to rent out an apartment in Manhattan right now, you have my sympathies. Excess supply in the market has been steadily pushing rents down. In December of 2017, the median rent landlords agreed to accept dropped year over year by 2.7% to reach $3,295, according to a report by Miller Samuel and Douglas Elliman Real Estate.Now here’s a suggestion for our hypothetical…

This $10M blockchain VC deal could have a big impact on real estate

The Real Deal – New York

2/6/2018

Blockchain technology company Harbor raised $10 million in venture funding, in a deal that could have major implications for the real estate industry. Fifth Wall Ventures, a venture capital firm that specializes in real estate startups, participated in the Series A round along with Vy Capital and Valor Equity Partners. Founded last year by Zenefits veterans Arisa Amano and Bob Remeika, San Francisco-based Harbor sells compliance technology for crypto-securities offerings. As The Real Deal report…

CRE data startup Reonomy raises new venture round, partners with Newmark

The Real Deal – New York

2/6/2018

Real estate research and data startup Reonomy raised $16 million in its latest funding round, about three years after last raising venture capital. The company, founded in 2013, has now picked up just under $40 million from investors, making it one of the deeper-pocketed startups to tackle the burgeoning market for commercial real estate intelligence. Bain Capital Ventures, which headed up Reonomy’s Series B in 2015, also lead this round, with additional investment from Softbank, Barry Sternlich…

Real estate firm predicts Facebook will grow to 1 million square feet in Microsoft’s hometown

BizJournal – Technology

2/5/2018

Facebook has been snapping up properties in a prime corridor of Redmond, Washington, apparently for its virtual reality headset unit. The Puget Sound region is quickly becoming a hub for virtual reality development, with Microsoft's HoloLens, Valve and Google all working on the technology there.

Convene expands to RXR’s 75 Rock

The Real Deal – New York

2/5/2018

Office services company Convene signed a 28,000-square-foot lease at RXR Realty’s 75 Rockefeller Plaza. The startup will use the space to run conference rooms, common areas and a catering facility for the building’s occupants, Commercial Observer reported. Convene already operates spaces at two other RXR buildings: 32 Old Slip and 237 Park Avenue. 75 Rock, set to open in May, will be Convene’s 12th New York location. The company, founded as Sentry Centers in 2009 and renamed Convene in 2011, rai…

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