Virtual Firm eXp Profits Surge in Q2 2020
The Real Deal
Virtual brokerage eXp Realty’s profits surged to a record $8.3 million during the second quarter as homebuying was forced to go remote, the firm’s parent company said Wednesday.
Latest Trends and Insights in Real Estate Technology
Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
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Exclusive: Breezeway Brings In $8M Series A For Property Management Platform
Crunchbase
Boston-based Breezeway secured $8 million in Series A funding to help property managers cross those jobs off their list. “Safety is the biggest trend in travel right now, as COVID-19 means you have to be more detail-oriented about protocol,” Jeremy Gall, founder and CEO of Breezeway, told Crunchbase News. “We are providing property managers with tools to drive efficiency, get the right person to do the right job at the right time and validating, for us, that clients can get more done with less p…
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MetaProp Seeks $200M for New Fund
The Real Deal
MetaProp, a New York-based venture capital firm, is looking to raise $200 million — its biggest fund yet — to back later-stage proptech startups.
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FUTURE toasts global proptech summit
PlaceTech.
More than 3,500 attendees took part in the first Reimagining Real Estate virtual live event, organised by CREtech and FUTURE PropTech. The organisers said it was the largest global virtual event devoted to real estate technology and innovation. This was the first time that CREtech and FUTURE had joined forces to jointly co-produce an event following their merger in late 2019.
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WATCH NOW: In Case You Missed It, View HID’s FULL Tech Demo from Reimagining Real Estate
HID
HID Global powers the trusted identities of the world’s people, places and things, allowing people to transact safely, work productively and travel freely. Our solutions connect things that can be identified, verified and tracked digitally. We work with governments, hospitals, educational and financial institutions, and industrial businesses. HID Global® is an ASSA ABLOY Group brand headquartered in Austin, TX, has over 3,000 employees and international offices supporting more than 100 countries…
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Lessons learned while moving into the virtual world…
Michael Beckerman
Exhausted… But inspired! That’s how I felt last Thursday night after our first four day virtual event concluded. Two full days focused on Europe and two days focused on U.S. content. But it was a different type of exhaustion. Not physical, but mental. Let me start by saying programming a virtual conference is unlike anything I have ever done before. It provided us with tremendous programming opportunities and a much wider pool of C-Suite business leaders to be interviewed and so, like ever…
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Home Sales Are On Fire… And Being Done Like Never Before
Forbes
Recently I ordered things online that I never thought that I would; however, these are unique times. And, although I have surprised myself with my online shopping habits, I haven’t ordered a home. Yet. Many home builders are creating processes that are leading more and more to a complete online experience for the home buyer. Linda Mamet is chief marketing officer at TRI Pointe Group, a California-based on-site home builder, and shares some of the company’s recent digital success. Almost half of …
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Coronavirus Accelerates Plans to Put Urban Commuters on Bicycles
Wall Street Journal
Most of Paris was asleep when a team of men in orange overalls fanned out across an avenue in the 11th arrondissement with blowtorches and road paint. They labored for hours to show Parisians a radical new way to use their 400-year-old street. By daybreak, one lane of regular traffic was gone and the asphalt was lined with rows of freshly stenciled yellow bicycles. Squads like this one have been dispatched almost nightly across the City of Light since France first lifted its coronavirus lockdown…
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Remote work really does mean longer days — and more meetings
Washington Post
The average workday lengthened by 48.5 minutes in the weeks following stay-at-home orders and lockdowns, and the number of meetings increased by 13 percent, a working paper published Monday by the National Bureau of Economic Research showed.
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COUNTING ON THE FUTURE: DENSITY
LPC Ventures
Making corporate real estate size decisions has always been a game of guess and growth. You estimated your headcount needs in the coming years, you estimated how people would use the space, you worked with an architect to test out architectural layouts and hoped that come move in day everyone was happy! Obviously that is a vast over-simplification but corporate real estate decisions have traditionally been made by intuition and rationale, not data. In the absence of data, we are left with strong…
