Latest in Commercial Real Estate Tech News by CREtech

Latest Trends and Insights in Real Estate Technology

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Greycroft has rounded up $678 million in capital across two new funds

TechCrunch
10/7/2020

Greycroft, the New York and LA-based venture firm founded in 2006 by investors Alan Patricof, Dana Settle, and Ian Sigalow, has closed on two new funds totaling $678 million in capital commitments. One of those funds is its sixth flagship early-stage fund, which closed with $310 million. The firm also collected $368 million in commitments for a third growth-stage fund that it will use to support breakout startups from its early-stage portfolio….

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How COVID Is Making Some Developers Adjust Their Projects

Bisnow
10/7/2020

As the conversations around long-term decisions start to percolate again after a six-month pause, some of the ways the coronavirus pandemic has adjusted new and upcoming developments are coming into focus. Developers and landlords are scrambling to respond to shifts in the way people live and work and shop in future developments, from increasing apartment sizes to accommodate home offices, to pouring more money into technology and infrastructure to combat future pandemics….

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$500M Florida sports district to use digital twin modeling

Construction Dive
10/7/2020

Cityzenith CEO Michael Jansen said efforts are underway to develop the model of the core project site and the surrounding urban neighborhood, which will encompass most of Orlando. “The result will be the most advanced and feature-rich 3D digital twin model of a city in the United States,” he said.

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These Technologies Can Fill Apartment Vacancies

GlobeSt
10/7/2020

“Technology is powering modern leasing—remote, effective leasing is just not possible without it,” Stacy Holden from AppFolio said when discussing how apartment owners can fill vacancies faster. Today more than ever before, technology is becoming the key to both quickly and safely drive leasing in apartment properties.

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Fifth Wall targets $118M raise for European proptech fund

The Real Deal
10/7/2020

Fifth Wall, the venture capital firm that’s backed Opendoor, States Title and Industrious, is looking overseas for its next hit. The Los Angeles-based firm is currently raising a $118 million European fund to invest in proptech startups. Although the fund is not yet closed, investors so far include the real estate arm of BNP Paribas, the French bank; Pontos, a Finnish family office; MOMENI, a German real estate developer; and Azora, a Spanish investment manager.

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Companies to Shrink Offices as Work Stays Remote After Pandemic

Bloomberg
10/6/2020

Some 53% of larger organizations plan to reduce the size of their office space and more than three quarters will increase work flexibility. Almost all of the respondents were uncomfortable returning to work because they fear contracting the virus, the poll found.

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The Fort Podcast – RE #77: Sce Pike – Founder & CEO of IOTAS – Smart Home Technology

The Fort Podcast
10/6/2020

Sce Pike is the Founder and CEO of IOTAS, a complete smart apartment ecosystem with simple installation giving residents the best user experience for their Smart Apartments. On this episode, she and Chris talk about the early days of the startup, the importance of getting right in front of your customers, how IOTAS is helping us… …

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Propy, a blockchain-verified platform for selling houses, raises funding from Tim Draper

TechCrunch
10/6/2020

For several years, blockchain technology has been touted as a way to verify the sale of property. Any kind of property. And so entrepreneurs busily began the process of trying to create a startup that could complete a property deal on the blockchain.

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Fidelity Investments Tries Collaboration Via Virtual Reality

Wall Street Journal
10/6/2020

As coronavirus lockdowns drag on, IT leaders are feeling hard-pressed to keep collaboration fresh among their remote workforces through video chat and other digital tools. So some are turning to virtual reality. Fidelity Investments Inc., the financial services firm, has been exploring how virtual reality could be used to build workplace relationships among new employees working remotely. In May, it shipped brand-new virtual reality headsets made by Pico Interactive Inc. to more than 140 employe…

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BlackRock plans Asia Pacific growth via New Green Power acquisition

IPE Real Assets
10/6/2020

BlackRock Real Assets has entered into an agreement to acquire a majority stake in Taiwanese solar energy firm New Green Power (NGP), in a deal which supports BlackRock’s commitment to investing across Asia Pacific. This is BlackRock’s third investment in NGP, but, as with its previous deals with NGP, the value of the latest transaction was not disclosed.

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