HqO and Office App join forces in $500m business
Placetech
Two leading US and European tenant experience platforms are set to merge, with HqO announcing its acquisition of Office App to create a company valued at more than $500m.
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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WeWork stock starts trading, two years after an aborted I.P.O.
New York Times
Two years after WeWork’s attempt to become a public company flamed out spectacularly, the co-working giant started trading on the stock market on Thursday, hoping that investors will now believe in its prospects.
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Proptech neo-lender Proportunity raises $150M mixed debt and equity round
TechCrunch
You’ve heard of neobanks. Meet the neolender. One of the newest is London-based Proportunity. It’s now raised a $150 million mixed debt and equity funding round ($7 million equity financing and $143 million in debt), on top of its $10 million debt round in 2020. The round was led by VentureFriends, Kibo Ventures and existing investors Anthemis, Entrepreneur First as well as new U.K. proptech investors Amro Partners. The startup plans to use this funding to grow its team, as well as increase its…
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Proptech Startup RodRadar Raises $6M Series A Round: Exclusive
Commercial Observer
RodRadar, an Israel-based construction tech startup that uses sensor technology to help construction crews avoid striking underground utility lines, announced Tuesday that it has raised a $6 million Series A round, led by Brick & Mortar Ventures. The contech firm will use the financing to complete product engineering and start selling the technology, said Moshe Dalman, CEO and co-founder….
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JLL announces strategic acquisition of leading building operations technology company Building Engines
JLL
JLL (NYSE: JLL) today announced it reached an agreement to acquire Boston-based Building Engines, a market-leading building operations platform that transforms how properties are run, provides exceptional experiences for operators and tenants and improves net operating income (NOI) across the world’s most successful commercial real estate (CRE) portfolios. JLL will acquire Building Engines for a cash purchase price of approximately $300 million. The transaction is expected to close in the fourth…
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Digitizing Development, Part 1
CREtech
Jesse Carrillo of Hines discusses how the company is piloting new construction technology to account for today’s design needs as well as how each property’s function and design will evolve going forward.
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JLL Spark leads SwiftConnect fundraise
Placetech
Citing a “significant opportunity to scale adoption” amid the growth of hybrid working, JLL Spark has co-led a $9m fundraising round for software that connects access control across buildings around the world.
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Raj Bhatti, former Newmark CIO, joins StateBook Advisory Board
StateBook
StateBook, a leader in digital, data-driven location intelligence solutions, is pleased to announce the addition of Raj Bhatti to our Advisory Board. “We are delighted to welcome Raj to our board,” said Calandra Cruickshank, CEO of StateBook. “Having someone with his deep experience in commercial real estate innovation, digital product development, and strategic partnerships will be an incredible complement to our rapidly-growing company. We look forward to collaborating with Raj as we contin…
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OfficeRnD, a SaaS for managing hybrid workplaces, grabs $10M
TechCrunch
The decentralized reality of office work after the COVID-19 pandemic continues to drive plenty of startup activity. To wit: OfficeRnD, which makes workplace management software that’s increasingly geared toward helping businesses provide a “hybrid office” model — meaning they’re offering flexible work spaces to staff who want to spend some of their time working out of a shared physical location, not just dial in and work remotely from home.
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Ivanhoé Cambridge to Open First Flexible Office Solution at Campus PVM in Montreal
Newswire
Ivanhoé Cambridge is proud to announce that starting Spring 2022, Place Ville Marie (PVM), one of Montreal’s most iconic and prestigious real estate complexes, will offer an innovative flexible workspace solution to its tenants. Located on the 29th floor of 1 PVM, the 11,000-square-foot space will provide a high-quality hospitality experience within a user-centric and connected environment designed to foster collaboration and creativity within its community. The solution will be powered by globa…
