Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
TechCrunch
Briq, which has developed a fintech platform used by the construction industry, has raised $30 million in a Series B funding round led by Tiger Global Management.
Bisnow
As a heat wave hit New York City, investment sales volume increased and financing deals continued to close, but leasing velocity was slower than in weeks prior despite a 200K SF office lease downtown.
TechCrunch
Proving that Central and Eastern Europe remains a powerhouse of hardware engineering matched with software, Gideon Brothers (GB), a Zagreb, Croatia-based robotics and AI startup, has raised a $31 million Series A round led by Koch Disruptive Technologies (KDT), the venture and growth arm of Koch Industries Inc., with participation from DB Schenker, Prologis Ventures and Rite-Hite.
Montreal in Technology
nesto, the Montreal online mortgage broker, is raising $76 million in capital. The cash is coming from Michael Rowell and Michael Paulus, the entrepreneurs behind Insurance IQ. Portage Ventures, Diagram Ventures, Breyer Capital, Marc Alloul and others also participated in the round.
The Wall Street Journal
For those who want to know what the U.S. might look like in 20 years, a look at a handful of small and midsize cities offers clues. As mayors look to plug holes in their budgets, help people who lost their jobs or work to fix crumbling infrastructure, they are turning to ideas that would have been unthinkable a few decades ago. They are testing ambitious social programs including universal incomes and reparations, adding sensors to everything from sewers to streetlights, and testing self-driving…
The Wall Street Journal
For some residents, the gated community in the Arizona desert is their first go at suburban living. The 222 houses have tile roofs, garages and white-fenced backyards where residents host barbecues and their dogs play. But these aren’t forever homes, or even starters: They are one- and two-bedroom rentals, with rents starting at $1,420 a month.
The Wall Street Journal
What would cities do if they didn’t need so many parking spaces? Architects, urban planners and parking industry experts are now imagining a future in which parking garages are turned into commercial kitchens, fitness centers and transportation hubs where driverless taxis recharge between trips. Parking structures whose sloping floors make them hard to repurpose would be candidates for the wrecking ball, clearing the way for green spaces or new development….
Savills
NEW YORK (June 11, 2021) – In a strategic move as it continues expanding its North American business, global real estate advisory firm Savills has announced the acquisition of T3 Advisors (T3), which will rebrand as T3 Advisors, A Savills Company. T3, the leading real estate and workplace solutions advisor to many of the world’s most innovative companies, has become the consultant of choice for life sciences and technology firms seeking unbiased, holistic, and strategic advice on all aspects of …
Bloomberg
A group of landlords including Starwood Capital Group, Greystar, Cortland and real estate investment trusts such as Invitation Homes Inc. and Mid-America Apartment Communities Inc. have backed RET Ventures to make early-stage bets on property-technology startups.
CREtech
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