Major UK Modular Housebuilder Falls Into Administration

Better.com CEO Vishal Garg says he is ‘personally liable’ for $750M SoftBank loan

Better.com CEO Vishal Garg has acknowledged to employees that he “personally guaranteed” the $750 million cash infusion provided to the online mortgage lender last November in an email seen by TechCrunch.

WeWork Loss Narrows as Desk Sales Reach Prepandemic Levels

WeWork Inc.’s first-quarter loss narrowed sharply as gross desk sales reached prepandemic levels with the gradual return of employees in the U.S. to in-person work. The shared-office company said Thursday its top line rose 28% from a year ago, with 166,000 desks sold, the highest level since the first quarter of 2020. Revenue was higher than WeWork’s forecast for the period and the company raised the low end of its revenue outlook for the year….

“A lack of public sector competence” limits proptech’s growth but Gmaven is providing solutions

Using terminology like Proptech and Fintech (popular buzzwords in today’s tech scene) would have elicited raised eyebrows only 16 years ago. During that time period, technology was only marginally accepted throughout businesses and economies.

Israeli startup Firmus raises $4.5m for pre-construction AI software

Israel-based pre-construction AI and computer vision startup, Firmus, has raised $4.5m in seed funding. The company says that the fresh funding will help to bring data-driven decision-making capabilities and AI-based risk management to the early stages of construction projects. …

Smart Home Devices in the MDU Market: Connectivity, New Partnerships & Proptech Solutions

Multidwelling units (MDUs) and multifamily properties are buildings designed to house several different families and contained in a single building or several buildings within one complex. The building is typically divided into separate housing units and is owned by one entity.

Tech Layoffs And Hiring Freezes Appear To Accelerate

While earlier in the year, much of the talk in the tech sector focused on falling valuations, dropping stock prices and slower funding rounds, a lot of chatter the past two months has been around something that hits much closer to home for many people.

DEALS | Brookfield, Fifth Wall bet big on e-retail for construction

Backed by one of the world’s largest asset managers, Material Bank wants to reinvent real estate supply chains by aggregating hundreds of thousands of design and construction materials. …

Apartment dwellers face hurdles in the race to install EV chargers

After Jules Stewart ordered an electric vehicle, her next move was to ask the property manager of her northern Sydney apartment building about installing a powerpoint in the garage.

Softbank Funds Post $27 Billion Loss

The news has gone from bad to worse for SoftBank.

The Japanese conglomerate said on Thursday that it had lost about $27 billion in its two Vision Funds for the year that ended in March, as many of the major tech companies it invests in have struggled under rising inflation, concerns about Covid lockdowns in China and broad weakness in global equity markets.