Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
Venture Beat
Envoy, a workplace management platform that caters to the burgeoning hybrid workforce, has raised $111 million in a series C round of funding at a $1.4 billion valuation.
TechCrunch
Instant purchase and delivery of food and other essentials was one of the big bubbles of opportunity in the world of e-commerce in the last year, with dozens of startups big and small emerging and scooping up funding to build out businesses to bring items like groceries, toilet paper and Tylenol to people’s doors in 30 minutes or less. Now a startup called Arive that’s applying this concept to the wider world of consumer goods in a Prime Now-style service — partnering with premium stores and bra…
Smart Cities World
Atrius hopes global expansion of its cloud-based Building Insights platform will address the issues of time-intensive processes and a lack of tools when it comes to energy usage reporting of buildings in Europe.
GlobeSt
For the vast majority of market-rate renters, apartments remain affordable and these renters moving in are bringing big incomes, according to recent data from RealPage. Demand for market-rate apartments in 2021 soared far above the highest levels on record in the three decades RealPage has tracked the market. Net demand totaled more than 673,000 units—obliterating the previous high set in 2000 by a remarkable 66%.
The Real Deal
Last fall, Big Real Estate gave itself a pat on the back for being environmentally and socially responsible. When a referee for ESG investing issued its annual scores, companies including Ivanhoé Cambridge, Prologis and Vornado Realty Trust touted highlights such as a “Green Star” rating or improvement from the previous year in one of the categories.
Axios
Not all companies are fit to go public via SPAC, despite so many of them doing so. Why it matters: While SPACs were quickly touted as a faster and better way for companies to go public, ultimately not all businesses that have chosen that route are meeting investor expectations. The big picture: Nearly 200 companies have completed mergers with U.S.-listed SPACs since the beginning of 2021, across a range of sectors, including software, biotech, electric vehicles and sports betting….
PerceptivX
Incorporated in New York in 1917, Cushman & Wakefield is a leading global real estate services firm with approximately 50,000 employees in over 400 offices and 60 countries. In 2020, the firm had revenue of $7.8 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. The firm delivers a full suite of core services to occupier and investor clients in the major markets of the world. As Melissa Gutierrez-Sullivan, VP, …
CREtech
Jason Lund discusses the challenges real estate professionals face when seeking out new technology and how he looks to hardware first when evaluating technology needs and solutions.
Multifamily Executive
The recent NMHC OPTECH in the Washington, D.C., area was a milestone moment for the multifamily industry in its post-COVID recovery. More than 2,000 apartment executives and technology partners were finally able to gather and celebrate the industry’s resiliency and set a path for what’s next. And what’s next for multifamily is all about technology investment, management, and leadership. Multifamily firms are thinking more holistically about their tech infrastructure both at the enterprise and si…
For Construction Pros
The production-model Bobcat T7X compact track loader shown at the Consumer Electronics Show uses electric boom and bucket actuation, in addition to electric propulsion, completely eliminating all hydraulics from the machine.
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