Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
GeekWire
Zillow’s recent Urban Suburban Market Report opens by asking: Are people fleeing the cities for greener suburban pastures? The short answer is no, the report says: “Some faint signals may have emerged in certain places, but by and large, the data show that suburban housing markets have not strengthened at a disproportionately rapid pace compared to urban markets.”
EY
Over the last several years, the market for special purpose acquisition companies (SPACs) has experienced significant growth and maturation, opening a viable alternative path to the public markets for more private companies than ever before. SPAC IPOs have generated more than $10 billion of proceeds each year since 2017, a milestone not previously seen since before the financial crisis of 2007 and 2008.
PR Newswire
NEW YORK, Aug. 25, 2020 /PRNewswire/ — Cherre, the NYC-based real estate data and analytics platform, today announced a new data partnership with RedZone, a leading provider of smart natural disaster intelligence. This partnership will enable mutual customers to easily incorporate RedZone’s natural disaster data with other core real estate data for more strategic risk analysis and planning. RedZone will also join Cherre’s growing Data Partner Network….
Multifamily Executive
Access, community, and experience. These words encapsulate three recurring themes in designing and planning multifamily mixed-use developments. The constructs of apartment homes are merely the place to reside within a platform of services, physical and social amenities, and access to transit, lifestyle, and convenience. The most successful mixed-use projects contain the right blend of tenants and offer a sense of community and connected experience with the goal of enhancing the quality of life o…
CREtech
As we navigate our way towards a post-COVID world, there is another secular, global environmental risk that the real estate industry must also confront: climate change. It is clear that decarbonization poses an existential threat to real estate assets, leaders, and firms.
PlaceTech.
Proptech has the power to speed up planning and increase engagement in public consultations, according to the newly appointed chief operating officer of VU.CITY, which is trialling three products intended to transform the creaking planning system.
Wall Street Journal
Retail landlords are including pandemic language in new leases, a previously rare feature as tenants seek protection after the first government-mandated coronavirus shutdowns in March complicated their negotiations for rent relief. Because many insurance policies didn’t cover pandemic-related losses, landlords have offered various concessions to attract and retain tenants, including allowing them to defer part of their rent if another shutdown is ordered. Both sides get breathing room: Tenants a…
Bloomberg
ReliaQuest, a cybersecurity platform for businesses, has raised more than $300 million in a funding round led by KKR & Co. Ten Eleven Ventures and ReliaQuest’s founder and Chief Executive Officer Brian Murphy also participated in the fundraising, according to a statement. The valuation of the company wasn’t disclosed.
PlaceTech.
The commercial data platform has boosted its client base even in a tough market in recent months, by adding several new features to its mapping technology. In particular, Edozo, which provides mapping and market data to the property industry, has expanded its mapping platform servicing the commercial property market into the architecture and housebuilding sectors.
Wall Street Journal
New York has gone from the epicenter of the pandemic to the model for a responsible reopening in two short months. The parks seem full, the streets have more life, but it’s an illusion. The reality is: New York’s offices remain empty.
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