Super-connected innovation hub announced in New Jersey
Smart Cities World
Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
Smart Cities World
Bisnow
Just a year ago, many of our offices — the ones many companies are clamoring to reopen — were filled not with employees but cleaners clad in hazmat suits that looked straight out of a medical thriller. In the early months of the coronavirus pandemic, concerned property owners, following the best advice available at the time, spent considerable sums scrubbing their offices down in what, it appears a year later, might have been a misdirected effort….
A/O Proptech
Satellite Vu has raised a £3.6m (US$5m) seed round led by Seraphim Capital to launch the world’s first satellite constellation capable of imaging the thermal footprint of any building on the planet every 1-2 hours.
Cherre
New York, April 22, 2021 – Cherre, the industry’s leading real estate data management and analytics platform, today announced that it has raised $50 million in growth funding led by Trustbridge Partners, a leading growth equity firm. Additional participants in this round include new investors Glilot Capital Partners and former Goldman Sachs Vice Chairman Mark Schwartz, as well as current investors Intel Capital, Navitas Capital, Carthona Capital, and an expanded growth relationship with Silicon …
CREtech
The deadline to register for early access to the event is May 10th. Register by midnight on Monday with code MATCHFLASH to save $75 on your ticket. We look forward to seeing you there!
Bisnow
Los Angeles County is 48.6% Hispanic or Latinx, the U.S. census says, and statewide, nearly 40% of residents are Latinx, but often throughout her career in commercial real estate in Southern California, Ada Arevalo found herself to be the only Latina in the room.
Wall Street Journal
SmartRent.com Inc., which sells smart home-technology systems to apartment-building owners and developers, intends to go public through a merger with a special-purpose acquisition company that values the property-tech startup at $2.2 billion, according to people familiar with the matter.
Fast Company
When a fixer-upper in a D.C. suburb recently went up for sale, it got 88 offers—76 of them all-cash. It ultimately sold for $185,000 over the asking price—emblematic of the current housing market. Across the country, from Georgia to Wisconsin, many houses are selling within days or even hours after they’re listed, at prices far higher than a year ago. In some cases, the buyers are investors who can pay cash. It keeps getting harder for first-time buyers to compete. …
Wall Street Journal
With the U.S. office market in its worst crisis in a decade, some landlords are discovering the risks of putting all their tenant eggs in one basket. Office landlords often consider leasing an entire building to one company an efficient way to collect steady rent checks. Now a small but growing number of landlords are in danger of losing their properties as their only or primary tenant declines to renew a lease, leaving the landlord at the mercy of a historically bad office-rental market….
Proptech1
Despite the chaos inflicted on the real estate sector by the COVID-19 pandemic, the topic of sustainability, as defined by ESG (Environmental – Social – Governance), is still the most hotly debated and relevant topic within the real estate industry, both in the last year, and in the years to come. If anything, COVID-19 has shown the hugely negative impact an external factor can induce both on the global economy in general and the real estate industry in particular.
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