Latest Trends and Insights in Real Estate Technology

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  • Tech Startups Face New Investor Mandate: Profits Over Discounts

    WSJ

    The discounts and freebies many tech startups have used to lure customers—free lunch delivery, $3 beauty products and bargain taxi rides—have fallen out of favor with investors who are losing patience with the failure of these companies to turn a profit. The proliferation of subsidized products and services from venture-capital-backed startups over the past decade reflected a rush by investors to fund the next behemoth consumer-tech company. The thesis: Create a market leader with loyal customer…

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  • The climate case for construction

    GREENBIZ

    It’s not easy to make the transparent visible, particularly when it comes to infrastructure. It’s easy to take the mundane for granted except for when things go wrong: our cell phone networks; the modern electrical grid that has been around for more than 100 years; our water and sewage systems; and especially the buildings we spend most of our lives inside of. The building you call home, or the one you call your office — the building you are sitting in at this very moment —has a huge impact o…

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  • Airbnb’s New Year’s Eve guest volume shows its falling growth rate

    TECHCRUNCH

    Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. It’s finally 2020, the year that should bring us a direct listing from home-sharing giant Airbnb, a technology company valued at tens of billions of dollars. The company’s flotation will be a key event in this coming year’s technology exit market. Expect the NYSE and Nasdaq to compete for the listing, bankers to queue to take part, and endless media coverage. Given that that’s a…

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  • Europe: A Booming Market for Proptech

    CRETECH

    North America has long been the leader of the proptech universe. While the U.S. has a greater number of proptech companies and a higher dollar volume,  the entrepreneurial bug is spreading across Europe’s real estate industry, creating a new generation of real estate professionals and innovative companies. Over the past decade, the European proptech market has witnessed a significant rise in venture capital investments. A total of $1.98 billion was invested across 243 deals in 2019, which is a s…

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  • Brazil’s Loft Raises a16z-Led $175M Series C For Digital Real Estate Platform

    CRUNCHBASE

    The complexities around the buying and selling of residential real estate has spawned a multitude of startups here in the United States. But those complexities extend beyond this country, and so do the startups out there trying to tackle them. As evidence of that, this morning, Brazilian digital real estate platform Loft announced it has closed on $175 million in Series C funding co-led by Vulcan Capital and Andreessen Horowitz (a16z). QED Investors, Fifth Wall Ventures, Thrive Capital, Valor Ca…

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  • Prologis Picks Up Queens Warehouse for $21.5M

    COMMERCIALOBSERVER

    Prologis, the country’s largest owner of industrial space, dropped $21.5 million for a warehouse in Ridgewood, Queens — at least its third acquisition in the area this year, property records show. The real estate investment trust bought the 120,000-square-foot warehouse at 24 Woodward Avenue between Metropolitan and Flushing Avenues from Willowen Management Corp. in a deal that closed on Monday, according to city records. The two-story property was built in 1929 and is currently leased to a vari…

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  • Number Of Private Equity Firms Leading VC Rounds On The Rise

    CRUNCHBASE

    Here at Crunchbase News, we write about a lot of funding rounds and the investors leading them. Most of the time, those investors tend to be venture capitalists, but a growing number have been private equity firms. I’ve seen the names of private equity firms pop up in some of the funding rounds I’ve covered, but I started thinking about it more after attending a dinner hosted by IVPearlier this month. Sandy Miller, a general partner at the firm, was talking about trends in the 2019 late-stage an…

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  • Future City newsletter: Struggles at SoftBank’s $10B hospitality startup, the death of CrediFi & more

    THEREALDEAL

    Proptech is a $20 billion industry that’s already reshaping and upending traditional real estate as we know it. And this is just the beginning. Each Thursday, The Real Deal’s Future City newsletter breaks down the biggest news in proptech across the globe, from 3-D printer homebuilders in Long Island, to emerging tech brokerages in India, to crowdfunding property startups in San Francisco. Of course, we also cover the intrigue around firms backed by SoftBank. There are lots of them….

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  • Compass cites “progress” on 2020 by 2020 goal — but not there yet

    THEREALDEAL

    In the fall of 2017, Compass announced an ambitious plan to grab 20 percent market share in the country’s top 20 cities by 2020. As the deadline approaches, CEO Robert Reffkin told agents the firm still had some ways to go. In a year-end letter to agents on Tuesday, Reffkin said Compass had exceeded 20 percent market share — or come close — in cities like San Francisco and Washington, D.C., as well as Silicon Valley submarkets. It hit 10 percent market share in “many more markets, which is ma…

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  • Everyone’s rushing to be an iBuyer — except for Realtor.com

    THEREALDEAL

    It was February 2019 when Zillow co-founder Rich Barton reclaimed the CEO role in dramatic fashion, betting the future of the $8 billion company on instant home-buying. In the months since, the Seattle-based listings giant has made good on its promise to go head-to-head with competitors ranging from Opendoor and Offerpad, to Keller Williams and Realogy.

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