Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
Crunchbase News
End-to-end homebuying startup Flyhomes has raised $150 million in a Series C round of funding, the company announced Thursday. Flyhomes helps clients through the entire homebuying process. It offers products including home lending and the option for buyers to make cash offers by helping them get pre-approval for underwriting for a short-term loan.
The Real Deal
Reports surfaced June 1 that construction startup Katerra was shutting down its U.S. operations. Three days later, mass layoffs began. Now, three former employees are pursuing a class-action lawsuit against the construction startup, alleging it failed to provide adequate notice of their termination. The lawsuit, which is seeking to certify a class of some 700 laid off Katerra employees, was filed as an adversary complaint in Katerra’s bankruptcy case….
Fast Company
Citi’s CEO, Michael Corbat, thinks productivity may suffer with long-term remote work. Facebook’s Mark Zuckerberg anticipates as much as half of Facebook’s employees will transition to working remotely over the next five to 10 years. Netflix’s Reed Hastings believes working from home is “a pure negative.”…
The Wall Street Journal
Now that we’ve all mastered the art of the video call, out comes new research that suggests videoconferencing can actually hamper collaboration. And the best solution might be to turn the camera off.
The Wall Street Journal
Travel is picking up again, and so is Airbnb Inc.’s business. After a big drop in revenue, job cuts and other cost-saving measures in 2020, the company saw a 5% revenue gain during the first quarter.
Bisnow
Common and its founder and CEO, Brad Hargreaves, have been getting news coverage since the company’s founding in 2015 as one of co-living’s earliest success stories. Now, the company seems like it might be one of co-living’s last survivors….
The Washington Post
As Americans travel more, they are encountering a hotel industry that has undergone dramatic transformations and might never return to its pre-pandemic business model.
CREtech+
Sandy Sigal, President and CEO of Newmark Merrill Companies reveals what three things he considers his best investments to do well, and the real-world, community implications he is excited about with the evolution of technology in the retail space.
RealtyAds
Real estate has a problem, a big one. And no, it’s not what you’re thinking. Even before COVID-19 fundamentally rocked the world of real estate, owners and their brokers were still struggling to leverage low-cost, yet effective marketing tools that other industries have been using for years. In 2019, RealtyAds set out to change that. RealtyAds, a cloud-based software company headquartered in Chicago, is fundamentally reimagining how real estate assets communicate with the market. Their techno…
Fortune
It was the moment Nadeem Meghji realized that the New Hollywood spelled magic for real estate. On a spring day in 2019, the chief of property investments in the Americas for private equity powerhouse Blackstone was gazing down from the rooftop terrace of the 14-story, avant-garde Netflix building on L.A.’s Sunset Boulevard—the streaming giant’s creative headquarters. The jammed parking lots, the parade of technicians, writers, actors, and producers rushing from office towers to low-slung stud…
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