Latest in Commercial Real Estate Tech News by CREtech

Ollie has raised $15 million to expand co-living operation

The Real Deal – Los Angeles

1/18/2018

(Credit: Wikimedia Commons) Taking advantage of a tight housing market and ever-rising rents, co-living startup Ollie has just raised $15 million, and is expanding into Los Angeles. Ollie already had plans to move into the L.A. market with the conversion of the former Cecil Hotel into a 301-micro unit outpost, set to open in late 2019. Ollie, which is based in New York, has locations there and in Pittsburgh. It has also announced 2019 openings in Boston and Jersey City. Investors include Moinian…

Bloomfield Capital’s Fund III Closes at $100 Million

Bloomfield Capital

1/18/2018

Bloomfield Capital, a leading real estate private equity firm, announced that it recently closed its third fund, raising $100 million in total capital commitments. The Fund, Bloomfield Capital Income Fund III (BCIF III), was oversubscribed and closed above its target of $75 million. This is the largest fund raised to date by Bloomfield, which closed its second fund (BCIF II) in 2014 with $60 million in commitments. Investors in Bloomfield’s third fund include municipal retirement systems, pensi…

Amazon Chooses 20 Finalists for Second Headquarters

New York Times – U.S. News

1/18/2018

Amazon Chooses 20 Finalists for Second Headquarters By NICK WINGFIELDJAN. 18, 2018 Continue reading the main story Share This Page Continue reading the main story Photo Employees working alongside robots in an Amazon warehouse in Florence, N.J. The state offered Amazon a commitment of up to $7 billion in tax incentives to bring Amazon’s second headquarters to Newark. Credit Bryan Anselm for The New York Times SEATTLE — Amazon said on Thursday that it had whittled the list of possible homes for i…

Amazon Announces Candidates for HQ2

Business Wire Commercial Building & Real Estate News

1/18/2018

SEATTLE–(BUSINESS WIRE)–(NASDAQ: AMZN)—Amazon reviewed 238 proposals from across the U.S., Canada, and Mexico to host HQ2, the company’s second headquarters in North America. Today, Amazon announced it has chosen the following 20 metropolitan areas to move to the next phase of the process (in alphabetical order):- Atlanta, GA- Austin, TX- Boston, MA- Chicago, IL- Columbus, OH- Dallas, TX- Denver, CO- Indianapolis, IN- Los Angeles, CA- Miami, FL- Montgomery County, MD- Nashville, TN- Newark, NJ…

Bringing Tech to a Market I Would Never Have Never Thought Of

Michael Beckerman

1/18/2018

Q&A with Caroline Shin, CEO & Co-Founder of VacatiaSome of the most successful startups and entrepreneurs go places most of us would never have thought of. Or they simply go in directions where others are either too afraid to go or where we see a large amount of potential headaches. Meaning, some people go after the hard, messy or challenging things and others don’t.I think Caroline Shin is that kind of entrepreneur. She gravitates to the challenging and sees nothing but the enormity of …

The Ten-X Commercial Marketplace Streamlines The Transaction Process

CRETECH

1/18/2018

The Ten-X Commercial platform is a force multiplier for sellers, buyers and brokers. It precision-matches assets, accelerates close rates, and streamlines the transaction process.Benefits include minimizing the time-consuming transaction process by perhaps months, as well as accelerating outcomes without compromising value. You’ll be able to add intelligence to every part of the process and to access data and insights that will help you control the market, not just react to it.Listings include i…

Apple planning to build new corporate campus somewhere in the U.S.

BizJournal – Commercial Real Estate

1/18/2018

Apple is gearing up to build another corporate campus in a yet-to-be-announced American city and increase its workforce across the U.S. by 20,000 new employees over the next five years, the iPhone maker said Wednesday. The news comes packaged with Apple’s announcement that it plans to "invest," or generate, more than $350 billion for the U.S. economy between now and the end of 2023. The Cupertino-based company did not detail how it came up with that dollar figure. Apple says the econom…

CapStack Partners Acquires Three Multifamily Communities Totaling 475-Units in Nashville

MultiFamilyBiz.com Press Releases

1/18/2018

NASHVILLE, TN- CapStack Partners, the alternatives-focused investment bank and investment advisor, announced the acquisition of a three-property, 475-unit multifamily portfolio in Nashville, Tennessee. This is the first transaction that CapStack has executed within the scope of the investment mandate it secured in August to acquire value-add and opportunistic multifamily assets across the Southeast, both directly, as well as with established local operators and developers. CapStack partnered wit…

Fails, Freeholds and Fruits

Cushman & Wakefield Global Real Estate

1/18/2018

By Richard Pickering, Head of Futures Strategy Happy New Year? The year seems to be off to a good start. The pound is at a high since the referendum ($1.37); economists are more optimistic about GDP growth (1.8%); and inflation may have peaked (3.0%). Although the ONS cautions against premature conclusions, the Bank of England believes that the worst inflation is behind us, easing some of the pressure on another rate rise. The jury is still out on what this means for the UK consumer (if anything…

8 Major Takeaways from 2017 in #CRETech

CommissionTrac – Blog

1/18/2018

Redfin went public, Amazon got the Key to your house, a new tax bill cut taxes on corporations and pass-through entities–and that doesn’t even begin to cover all the disruption that happened during 2017. Our industry grew closer through expanded events like CRE//Tech Intersect and Inman Connect. New companies became unicorns (OpenDoor) while other big names bit the dust (Xceligent). I’d say 2017 will be remembered as a year with some serious movement in the CRE tech world, starting with these ei…

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Ollie has raised $15 million to expand co-living operation

Bloomfield Capital’s Fund III Closes at $100 Million