Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
Wall Street Journal
Startup mortgage lender Better plans to go public by merging with a special-purpose acquisition company, according to people familiar with the matter. Better Holdco Inc. plans to merge with Aurora Acquisition Corp. AURC -5.71% , a SPAC sponsored by investment firm Novator Capital, at valuation of roughly $7 billion pre-money, the people said. The transaction could be completed this week….
Reuters
Plus said on Monday it would go public through a merger with blank-check company Hennessy Capital Investment Corp. V (HCIC.O) in a deal that values the self-driving truck technology startup at $3.3 billion….
AXIOS
Young engineers and recent college graduates see Miami, Houston and Philadelphia — not San Francisco, New York or Seattle — as the hot new places to jumpstart a technology or creative economy career.
Bloomberg
Procore Technologies Inc., a cloud-based construction software company, is seeking to raise as much as $616 million in an initial public offering. Procore, which is restarting its IPO plans after they were delayed by the coronavirus pandemic, said in a filing Monday that it plans to sell 9.47 million shares for $60 to $65 each….
Switch Automation
Switch Automation is excited to unveil the latest update of Switch Dx³ (Digital Device Discovery), updated to provide greater insight into what factors are keeping you from leveraging an open, flexible building operating system. A plug-and-play appliance continuously scans for all compatible systems, firmware versions, sensors and devices—highlighting connectivity, network integrity and risks—ultimately paving the way for planning and budgeting for a smart building….
CREtech+
Kristen Magni, Managing Partner of hyrUP, talks about what factors she prioritizes when deciding on new technology to adopt, and why it is vitally important for companies to invest time into a structured change management strategy.
GlobeSt
When JLL surveyed workers in April 2020, people said they want to work from home two days a week. When it asked the same question of 3,300 employees this March, people said they wanted to work 1.5 days from home. A third of workers have no desire to work from home.
GlobeSt
Office occupiers demanded agility in office space selection last year, according to a new report—a trend that drove the average flex workspace requirement size down by 29% and dropped average initial term length by a month.
Bisnow
Bridge Commercial Real Estate — the Atlanta-based subsidiary of Bridge Investment Group — is opening an initial 158K SF of flex office space in five metro areas. The spaces are geared toward big companies wanting suburban stopovers for their employees….
Covercy
Covercy, the only platform for commercial real estate investment firms to combine commercial real estate banking and investor management, has appointed Konrad “Chip” Kruger as chairperson and Dana Roffman as an advisory board member as part of its US CRE Challenger Banking Strategy.
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