To Bootstrap or Not: Proptech Founders On When to Take VC Money
Commercial Observer
For a number of proptech founders, avoiding the siren song of venture capital funding can lead to greater control of their startup’s development.
Latest Trends and Insights in Real Estate Technology
Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
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WhyHotel Rebrands as Placemakr, Announces over $90M in Equity Investment
PR Newswire
WhyHotel, a tech-enabled hospitality platform and operator, announced the rebrand of its company, now to be known as Placemakr. The rebrand comes alongside $90M in equity investment raised for growth and property acquisitions. In conjunction with these investments, the company also secured committed capital toward its target of $1B of property acquisitions over the next 18-24 months. With $250M of those property acquisitions completed in 2021 and programmatic equity committed to acquire $750M of…
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CRED iQ and Cherre Partner on CRE Data
Commercial Observer
Betting on the commercial real estate industry’s growing desire for data, CRED iQ and Cherre have announced that they are partnering to integrate their commercial real estate data platforms.
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Proptech’s Dealpath Turns to Growth Stage With Two Executive Hires
Commercial Observer
Coming off what it describes as its best year ever, Dealpath, a digital real estate investment management platform, announced Tuesday that it has added proptech pioneers Thomas Byrne and Robert Cain to the company’s executive team.
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Technology That’s Moving the Needle For Affordable Housing, Part 2
CREtech
Stephanie Fuhrman of Catalyst Housing discusses why she focuses on how she chooses and implements technology solutions within Catalyst, and why she’s not interested in solving incremental problems.
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Last Chance to Register for CREtech Webinar to Discuss The Global Outlook for Climate Tech Investing in the Built World
CREtech
CREtech, the largest international community of professionals devoted to technological innovation in the real estate sector, has opened registration for their webinar in partnership with RELEVATION discussing ‘The Global Outlook for Climate Tech Investing in the Built World’. With the Built World accounting for 40% of all carbon emissions globally and VC’s investing more than $40b annually in Climate Tech, an expert panel of VC’s will discuss how and where those dollars are being invested in the…
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JLL Joins the Growing Property Valuation Software Movement
GlobeSt
In a contract, “time is of the essence” means you’d better get a move on because failure to meet a deadline becomes a breach. While valuing potential investments, there’s not usually a contract in question yet. But time remains of the essence in today’s market. With so much money available to investors and, often, relatively few properties in the chase, those who hesitate are left without a deal.
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$1.1T In U.S. Office Properties At Risk Of Complete Obsolescence
Bisnow
Office occupancy continues to rise week-over-week, but at less than 40% of pre-pandemic levels in 10 of the country’s largest markets, office owners aren’t sleeping soundly just yet. And a new study might have them catching even fewer winks. As much as 70% of U.S. office buildings face a loss in value in the near future, including roughly 30% of the nation’s inventory, or about $1.1T worth at current valuations, facing complete obsolescence, according to a new study by real estate consult…
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Future City: Better.com’s troubles worsen
The Real Deal
Digital mortgage lender Better.com cut roughly 3000 employees, or about a third of its staff, citing lower demand for its services in a rising interest rate environment.
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RealNex Navigator adopted by KW Commercial to provide Market Leading Technology Tool Set to their Agents
RealNex
RealNex, a commercial real estate technology company, announced today it has been selected to provide its RealNex Navigator solution to the rapidly growing KW Commercial (KWC) organization. KWC has more than 2,400 agents operating out of 790 affiliate offices across North America and in 24 countries throughout the world. KWC intends to leverage the RealNex technology foundation to support the growth of their commercial footprint globally, the success of affiliates and the productivity of agents….