Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
Wall Street Journal
More lenders are starting to deliver a stern new message to delinquent mall owners: time to pay up. During the early months of the pandemic, lenders were willing to allow rent deferrals and offer other concessions to retail property owners. Retail cash flow would return once the initial lockdown period passed, lenders figured….
The Real Deal
Commercial real estate data giant CoStar Group has acquired real estate data company Emporis, a move that will boost its European presence. Germany-based Emporis has data on 700,000 buildings records across 100 countries, CoStar said Tuesday.
Reddit Blog
Earlier this year, Reddit had to evolve with the unexpected challenge of going 100% remote. Our employees, or Snoos as we’re known, rose to the occasion, adapting our business and the way we work together quickly to help Reddit come out stronger on the other side. Evolve is one of our company values and we have always challenged ourselves to continuously make our culture and work experience better.
The Real Deal
Camber Creek — an early backer of proptech startups including VTS and WhyHotel — has raised $155 million from investors for its third and largest fund. The venture capital firm said the fund was oversubscribed; it set out to raise $120 million last year. Institutional investors including the Texas Employees Retirement System invested in the fund, which is four times the size of Camber Creek’s first two funds combined. …
The New York Times
With state and city government support, developers are building laboratories for medical research and incubator spaces for biotech start-ups amid the race for a coronavirus vaccine.
newcities
‘The Millennial Dilemma’, a seminal study exploring the future of North American cities by forecasting where the Millennial generation will live and why. Millennials have proven themselves to be a resilient generation, struggling to make the best choices for themselves and their families within the constraints forced upon them. In the wake of COVID-19, they are being tested like never before.
Dealpath
Dealpath, the real estate industry’s leading cloud-based deal management platform, is pleased to announce that the company is the Seventh Annual Real Estate Tech Awards (#RETAS) winner in the Investment Solutions category, presented by CREtech (cretech.com), the largest event, data and content platform in the commercial real estate tech industry….
Bisnow
Tishman Speyer has formed a blank check company to raise hundreds of millions from investors to acquire a proptech entity. The New York-based global developer has formed a special purpose acquisition company, TS Innovation Acquisitions Corp., which filed for a $300M initial public offering on Friday with the Securities and Exchange Commission.
CTECH
Israeli Proptech startup The Jones Agency, Inc. has been named the winner of the Real Estate Tech Awards 2020 Insurance Category, presented by CRETech. CRETech is the largest event, data, and content platform in the commercial real estate industry.
Wall Street Journal
Fallout from missed rent payments is threatening a large swath of the U.S population, as the expiration of eviction bans draws near. A large number of renters have been unable to pay some or even all of their rent since March, when the pandemic temporarily shut down most businesses. Many businesses remain closed or only partially open, pushing renters into unemployment and draining their savings.
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