Insurer Lemonade seeks up to $284M in July IPO
The Real Deal
Will Lemonade’s IPO be sweet or sour? Renters and homeowners insurance company has yet to book profit.
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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‘The Propcast’ in partnership with the UK PropTech Association (UKPA): by Louisa Dickins
The Propcast
Propcast by Louisa Dickins, Co Founder of LMRE the leading Global PropTech recruiter brought to you in partnership with UKPA . This show will focus on connecting the proptechs, real estate funds and VC’s globally…and get everyone talking about innovation of the built environment.
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5 Ways Software-as-a-Service Can Enhance Customer Service
CRESS Blue
If you are a small to medium-sized CRE PM business owner, no one knows your customers as you do. So, it should come as no surprise that technology is disrupting traditional customer service models – in a big way. Cloud-based Software-as-a-Service (SaaS) is making its biggest splash ever. But going digital does not mean getting less personal.
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Prologis sees ‘accelerated’ demand for logistics real estate
FreightWaves
Leading global logistics real estate provider Prologis Inc. (NYSE: PLD) believes the pandemic has “accelerated the retail evolution” and is “pulling forward several years of adoption.” The comments referred to the growing trend of retailers seeking to bolster their online presence and commitment to ecommerce fulfillment. These were some of the highlights from the real estate investment trust’s (REIT) sixth installment of a special reporting series on the impacts COVID-19 is having on demand for …
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Common managing Nuveen apartment buildings in Fort Lauderdale, LA
The Real Deal
Co-living operator Common is expanding its third-party property management. The company signed onto 575 units owned by Nuveen in South Florida and Los Angeles, taking over property management and leasing from Lincoln Property Company. Common recently took over management of the Edge, a 331-unit building at 475 North Federal Highway in Fort Lauderdale, and will begin managing Stella, a 244-unit building at 13488 Maxella Avenue in L.A.’s Marina Del Rey, in July.
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As America struggles to reopen schools and offices, how to clean coronavirus from the air
Washington Post
As chief operating officer of the District of Columbia’s largest charter school network, Dane Anderson is racing to clean the air in time for late August, when some students are expected to come back to a starkly different environment. “We want the interior of our buildings to be essentially on lockdown related to virus,” Anderson said of KIPP DC, a publicly funded and privately operated network of seven campuses with 1,200 employees and 7,000 students….
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WeWork Is Backing Out Of A Big Lease In Manhattan
Bisnow
Embattled coworking firm WeWork is pulling the pin on an anchor-tenant lease in New York City, potentially losing millions of dollars in the process. The company is pulling out of a deal to lease 115K SF at Columbia Property Trust’s 149 Madison Ave., Business Insider reports. The landlord had set aside almost $16M for a retrofit for WeWork, per the publication.
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TuSimple seeking $250 million in new funding to scale self-driving trucks
TechCrunch
TuSimple, the self-driving truck startup backed by Sina, Nvidia, UPS and Tier 1 supplier Mando Corporation, is headed back into the marketplace in search of new capital from investors. The company has hired investment bank Morgan Stanley to help it raise $250 million, according to multiple sources familiar with the effort.
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Coronavirus Spikes Might Slam The Brakes On Space Reopening
Bisnow
The number of COVID-19 cases in certain parts of the country has risen in recent days, growing in more than 30 states, and leading to concern about whether the nascent return to office, retail and other commercial and public spaces will reverse itself. On Thursday, Texas Gov. Greg Abbott said that the state is pausing further reopenings, and ordered hospitals in the state’s largest cities (Houston, Dallas, San Antonio and Austin) to postpone elective procedures, as the number of hospitalized COV…
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Hostel Provider Selina’s New Funding Will Allow It to Survive Crisis: CEO
Skift
Selina, which provides travelers with co-working spaces, hostel-style lodging, and activities, has raised about $60 million in extra funding, sources told Skift. The startup, founded in Panama, declined to comment on the funding total but confirmed it had raised more financing “in that range.”
