Chera Family’s Crown Acquisitions Launches Proptech SPAC
The Real Deal
The Chera family’s Crown Acquisitions is raising $200 million for a special purpose acquisition company, or SPAC, that is focused on proptech, according to a regulatory filing.
Latest Trends and Insights in Real Estate Technology
Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
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CoStar and Warburg Are Said to Compete to Buy CoreLogic
Bloomberg
CoStar Group Inc. and a private equity group led by Warburg Pincus are the final bidders competing for data provider CoreLogic Inc., according to people familiar with the matter. …
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Axios AM: Mike’s Top 10 — What we know about the Apple car — A teen’s open-heart surgery
AXIOS
President Biden talks — and promises to govern — like a soothing centrist. But early moves show he’s keeping his promise to advance a liberal agenda, Axios’ Dion Rabouin, Courtenay Brown and Jennifer A. Kingson report….
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Sustainability Complements Affordability In Multifamily
Bisnow
California faces the convergent crises of the lack of affordable housing and worsening natural disasters like wildfires, which have been exacerbated by climate change. In recent years, the latter has diminished the housing supply by destroying homes and, in some cases, entire neighborhoods….
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Home-Finance Startup Names Its First CFO
Wall Street Journal
Home-financing startup Knockaway Inc. hired its first finance chief to set its house in order as it looks to expand into dozens of markets amid strong demand for housing in the U.S. Michelle DeBella started as chief financial officer of New York-based Knockaway, which does business as Knock, on Dec. 28.
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With A Return To Office Up In The Air, Occupiers Weigh Pandemic Necessities Against Long-Term Plans
Bisnow
With nonessential offices closed since December, most office occupiers are once again facing uncertainty about their office space, waiting until California and LA County regulations allow for a broader return to the office and until pandemic conditions improve so workers and employers feel better about returning to a physical office.
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10 Best U.S. Cities for Gen Z—and What It’s Like to Live There During COVID-19
Sublet
COVID-19 has spared no generation, but has put a unique burden on Gen-Zers—the roughly 67 million Americans born between 1997 and 2012—who are just entering the workforce, starting college, or graduating high school amid an international pandemic. Despite the coronavirus grinding everyday life as we know it to a halt, the Gen Z demographic is still charting its courses as these young adults choose cities to start building their lives, look for education and job opportunities, and enter into adul…
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Industrial Brokerage Launches with Interactive Valuations
Connect Media
AEBOV, LLC has launched as an industrial real estate brokerage start-up with a proprietary interactive property valuation method. The online-based portal is reportedly the first of its kind in the industry. “We sensed that owners wanted a more collaborative valuation process, that allows them to bring new information to light, ask thoughtful questions, and change assumptions in our models in order to gain the most comprehensive understanding of their property’s value and potential value,” said D…
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MIT aims to speed up robot movements to match robot thoughts using custom chips
TechCrunch
MIT researchers are looking to address the significant gap between how quickly robots can process information (relatively slowly), and how fast they can move (very quickly thanks to modern hardware advances), and they’re using something called “robomorphic computing” to do it. The method, designed by MIT Computer Science and Artificial Intelligence (CSAIL) graduate Dr. Sabrina Neuman, results in custom computer chips that can offer hardware acceleration as a means to faster response times….
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Flexe extends Series C round, raises another $10M for warehousing tech platform
GeekWire
Seattle startup Flexe raised an additional $10 million as part of its Series C funding round announced in December. Flexe CEO Karl Siebrecht said there was more investor interest than anticipated.
