Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
Commercial Observer
The new funds will be invested in HelloOffice’s property search and management platform to help companies build out and reconfigure space and workplace strategy. Global capital firm Point72 Ventures — founded by billionaire Steven A. Cohen — led the investment series, with additional contributions from Alexis Ohanian’s and Garry Tan’s Initialized Capital, as well as Founders Fund, SaaStr, Jake Gibson, House Fund and more.
Wall Street Journal
Simon Property Group Inc. is digging into its wallet to rescue another big tenant, a move that could help stabilize its mall business but one that raises new questions about the industry’s longer-term viability, analysts say. The biggest mall owner in the U.S. by number of malls is teaming up with Brookfield Property Partners, another large owner of shopping centers, in exploring a bid for J.C. Penney Co., according to a person familiar with the matter. The department-store chain filed for bankr…
PR Web
OMERS Ventures has led the USD$10.5 million Series A extension funding round for residential real estate company, Landed, bringing the company to a total of just over USD$22 million raised in venture capital. Existing investor, Initialized Capital, also participated. The venture capital dollars are in addition to the over USD$50 million in private equity real estate capital Landed has raised for its down payment program. OMERS Ventures Managing Partner Michael Yang will join the Landed board….
The New York Times
Tech, catering and design companies are rushing to sell employers on fever scanners, box lunches and office floor-planning apps for social distancing. But it’s too soon to tell if they will work.
Wall Street Journal
Amazon. AMZN +1.54% com Inc. is launching a $2 billion internal venture-capital fund focused on technology investments to reduce the impact of climate change, the latest sustainability initiative from the technology giant after criticism of its environmental record….
Bloomberg
Airbnb Inc.’s recovery from the travel slump caused by Covid-19 has been so swift that the startup’s much-anticipated stock listing is still on the table for 2020, Chief Executive Officer Brian Chesky said.
CREtech
The effects of Covid-19 are well known to all of us – both personally and professionally. While there is a host of content attempting to predict what a post-covid world – a ‘new normal’ – for retail marketing will look like, we take a step back. Our webinar, co-hosted by ATYPICAL, a full-service marketing agency operating exclusively in the commercial real estate sector, will unpack how a global pandemic has shifted the way retail owners and operators are both connecting with their tenants and m…
The Real Deal
In a post-Covid world, VTS is betting on remote leasing. The New York startup launched its much-hyped VTS Market on Tuesday as an online marketing platform where owners and brokers can see office listings, take digital tours and, eventually, complete the entire leasing transaction.
EU-Startups
UK proptech Propoly, an integrated lettings platform, launches with a new investment of around €2.2 million behind them, in a round led by Foxtons Plc, Countrywide Plc, Seedcamp and Pi-Labs, as reported by UKTN. Founded in 2014, Propoly’s lettings platform reduces admin, maximises revenue and provides transparency to all parties involved. Letting agents can track all of their properties in one place, handling every step of the renting process from digital deposit registration to utility switchin…
The Real Deal
As lockdown restrictions begin easing in the U.S., the Malibu beachfront property owned by Soho House, a private members club for the jet-set, has reportedly begun to reopen. That’s good news for the company, which also secured an investment of $100 million from new and existing shareholders, Sky News reported.
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