Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
Reuters
Lodging startup Sonder, which offers refurbished properties for short-term rentals, has agreed to go public through merging with a blank-check firm backed by billionaire investors Alec Gores and Dean Metropoulos that values the combined company at around $2.2 billion.
Smart Cities World
The Covid-19 pandemic highlighted to cities around the world the importance of smart city programmes by using technology, data and innovative solutions to address their social, environmental, and economic challenges.
The Real Deal
Last year, Realogy and other brokerages were bracing for a housing slowdown. It never came. On Thursday, the brokerage giant said transactions soared 44 percent during the first quarter of 2021, marking the third quarter of consecutive gains. The company reeled in $33 million in profits, compared to a staggering $462 million loss during the same period last year (which included a $447 million impairment charge)….
David Mullen
Since the advent of the modern era, the most successful enterprises have leveraged spatial analytics, or data on the space and workstreams of our physical world, to upend industries.
Facilio
The best property operations teams work together as a holistic unit. They are constantly optimizing for efficiency, driven by shared goals and a joint vision. The irony is, even the best teams are bogged down by software that are unsuited for such a fast-paced, collaborative environment.
CREtech
Francis Greenburger, Chairman and CEO of Time Equities, reflects back on lessons learned over his career in CRE, and how technology is transforming the way we will experience the built world.
CREtech
Hear from ID Plans CTO Jordan Hearin during this exciting tech demo. ID Plans is a Go-To Solution to Lease Retail Space Faster.
Arturo
Already serving several leading property and casualty insurers globally, Arturo aims to further expand its geographic reach, while breaking into lending and other business sectors.
Venture Beat
OpenSpace, a platform that helps construction companies track building projects through AI-powered analytics and 360-degree photo documentation, has raised $55 million in a series C round of funding led by Alkeon Capital Management. The raise comes amid a cross-industry digital transformation boom, spurred in large part by the pandemic. Construction has often lagged behind other sectors in terms of efficiency, but tech such as robotics, artificial intelligence (AI), and remote collaboration t…
Wall Street Journal
Nearly a decade ago, venture-capital firm Sutter Hill Ventures made a small wager on an idea for a cloud computing services company, helping found and fund Snowflake Inc. The bet paid off: Last month, Sutter Hill distributed a profit of nearly $12 billion on the less than $190 million it ultimately invested, as it transferred its shares in the company to its investors and partners, marking one of the most profitable investments ever in venture capital….
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