Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
Axios
There’s huge pent-up demand among wealthy foreigners to buy property in New York, Los Angeles, San Francisco and other cities — and some people began calling their money managers as soon as Joe Biden’s victory was announced.
The Wall Street Journal
Japanese tech billionaire Masayoshi Son late this spring said he had “peered over the cliff edge” of financial ruin. Now, the SoftBank Group Corp. founder and chief executive is sitting on one of the largest cash piles in the investing world.
Envoy Technologies
Envoy Technologies, Inc (Envoy), the first-to-market EV “Mobility as an Amenity”™ provider to the Commercial Real Estate (CRE) industry, announced today it has secured an $11 million Series A round and a strategic vehicle financing facility to assist Envoy to scale to thousands of vehicles.
The New York Times
The energy industry has experienced its worst year in decades because of the pandemic, but clean sources for generating electricity have still managed to grow, the International Energy Agency said Tuesday.
ESG Today
UK’s Chancellor of the Exchequer Rishi Sunak today made several significant sustainable finance announcements today, including making the UK the first country in the world to mandate economy wide disclosures in line with the Task Force on Climate-related Financial Disclosures (TCFD).
PlaceTech
The operational platform streamlines processes and also allows for instant, two-way communication between stores, customers, staff and management in real time. International real estate advisor Savills has launched its Savills Insights app in Italy.
The Real Deal
Richr, a Miami-based home listings startup, is adding title and insurance services to the company’s offerings, with plans to also expand into home lending. The website launched in early 2019, offering to list homes in South Florida for free, and giving the 3 percent commission back to the buyer. A home seller could save the full 6 percent commission.
Forbes
In 2018, Maria Rioumine and Ryan Gibson worked at venture capital firm 8VC and lived on the same street in San Francisco. Often when they walked around the city they would ask themselves how was it possible that in a place that had so much innovation and where there was a chronic dearth of affordable housing, building anything took so long and was so slow.
The Wall Street Journal
Big companies that own single-family homes are raising rents at the fastest rate since they emerged from last decade’s foreclosure crisis, capitalizing on a rush for suburban housing.
Bloomberg
Online mortgage lender Better.com has closed a new funding round led by private equity firm L Catterton, according to an internal memo reviewed by Bloomberg News. The New York-based startup raised about $200 million in a series D financing to fund growth, according to the Better.com memo.
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