Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
Crunchbase News
Reading headlines around U.S. startup funding, a common theme for 2021 is that practically everything is up. Venture investment is at record highs. Sectors like crypto, security and telehealth are seeing multifold gains. Giant rounds and big exits keep piling up.
TechCrunch
Earning passive income as an investor in single-family rental homes is a dream for many, but also something that can be intimidating to break into. Awning is a startup that aims to make the process less intimidating through a platform designed to allow individuals to invest in single-family rental homes not just in the cities or states in which they live but in other markets remotely as well. And today, the San Francisco-based real estate brokerage is coming out of stealth with $9.3 million in …
GlobeSt
Last month in Brooklyn Park, MN., Taco Bell broke ground on what it billed as one of its most innovative restaurant designs yet — Taco Bell Defy. Set to open its doors to the public by summer 2022, the 3,000 square-foot, two-story model features four drive-through lanes. Taco Bell is not alone in this trend; in general, QSRs are paring down their footprints, especially the single-tenant drive-through tenants.
GlobeSt
PropTech company June Homes, which uses algorithm technology to assist mom-and-pop owners and apartment residents find economically viable rental matches, announced this week that it has raised $50 million in total funding.
Wall Street Journal
Amazon.com Inc.’s AMZN 1.06% planned department stores will aim to boost its apparel sales by offering shoppers a chance to try on clothes from its own private-label brands in technology-fueled dressing rooms, according to people familiar with the matter….
Wall Street Journal
The Covid-19 pandemic has supercharged the role of chief information officers, accelerating a shift from backroom technicians to front-office decisionmakers, as companies’ operations are increasingly shaped by technology.
Bisnow
The Collective, the co-living company with ambitions to build a 100,000-unit portfolio, is in line to be broken up by its lenders after falling into administration because it could not meet its liabilities. The London-based company with a transatlantic portfolio collapsed into the UK equivalent of Chapter 11 bankruptcy last week when reduced occupancy caused it to fall short of the income needed to meet debt it took on to fuel a rapid expansion just before the coronavirus pandemic….
Placetech
From more cost-effective designs to affordable workspace management, Sidewalk Labs is building up a suite of tools to make developers’ lives easier – and greener. “What we do is develop products and places to radically improve quality of life in cities for all,” says Jesse Shapins, senior director of urban development at Sidewalk Labs, the urban innovation arm of Google’s parent company Alphabet. Central to this, he adds, is addressing the climate crisis.
CREtech
Travis Putnam of Navitas Capital discusses differentiating factors he sees in successful startups and founders, and why he believes it is so important to stay open to making mistakes.
Procore
Procore Technologies, Inc., (NYSE: PCOR), a leading provider of construction management software, has signed a definitive agreement to acquire Levelset. This acquisition will add lien rights management to the Procore platform, enabling Procore to manage complex compliance workflows and improve the payment process in construction. It also presents future growth opportunities for Procore, including capitalizing on the companies’ complementary data assets….
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