Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
PRWeb
Sundae, a residential real estate marketplace focused on helping sellers of distressed property get the best price for their home through a reliable and worry-free process, recently closed $36 million in Series B funding.
The New York Times
How often have you cursed out a traffic light that took forever to change? Or the lights on a long stretch of road made you stop at every cross street, just when you felt you might actually make it to work on time?
The Wall Street Journal
The pandemic and the prospect of working remotely have spawned an exodus from New York and San Francisco to sunnier, more-affordable cities. Few have benefited more than Austin. Texas’ capital is attracting more corporate jobs and remote workers than ever before, lured by lower costs and lower taxes.
Bloomberg
Australia has hit a notable energy milestone: one in four homes now has rooftop solar panels, more than anywhere else in the world. It also has a notable energy problem: one in four homes now has rooftop solar panels. Electricity networks require an instantaneous balance of supply and demand.
Bisnow
The construction world is incorporating more technology into projects than ever before to adapt and get jobs done during the coronavirus pandemic, but productivity has slowed and supply costs have risen, new reports released this week show.
PlaceTech
Infogrid, the two-year-old artificial intelligence technology company that automates facilities management and claims to make any building smart, has raised $15.5m Series A funding from a combination of UK and US investors. The round was led by Nordic VC, Northzone, an early stage investor in Spotify among other techs, with participation from JLL Spark, Concrete VC, The Venture Collective, Jigsaw VC, a leading global real estate investment group, and a large international asset owner.
Bloomberg
Tech stocks are soaring and high-profile initial public offerings are set to mint millionaires. Yet in San Francisco, the boom times are over. The resurgent coronavirus has thrust the tech hub back into lockdown. Offices sit empty as work-from-home policies stretch indefinitely.
Bisnow
Coworking provider Serendipity Labs is attempting to restructure itself through the Chapter 11 bankruptcy process after failing to refinance its debt, one of several midsized coworking providers facing challenges during the coronavirus pandemic.
PropTech For Good
The COVID-19 outbreak has sped up many trends and exposed things that were already under pressure. I do not rule out the possibility that, if we talk to each other in five years’ time, we will see 2020 as a trend reversal in our history. Here are the 7 trends that will change the real estate industry in 2021.
The Wall Street Journal
U.S. and other global property investors are putting billions of dollars into a significant expansion of new production studios in the U.K., where tax breaks are attracting business from movie makers and television companies. While the pandemic has upended many major commercial real-estate sectors—from hotels and retail to office towers—investing in properties related to content creation has emerged as a rare bright spot.
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