Latest Trends and Insights in Real Estate Technology

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  • India’s HomeLane raises $30M to expand its one-stop shop for interior desig

    TECHCRUNCH

    HomeLane, a Bangalore-based startup that helps people manage home renovations and interior design, today announced it has raised $30 million in a new financing round as it looks to expand its proprietary technology. The financing round, dubbed Series D, was led by Evolvence India Fund (EIF), Pidilite Group and FJ Labs. Existing investors Accel Partners, Sequoia Capital and JSW Ventures also participated in the round, which pushes the five-year-old startup’s all-time raise to $46 million. Hom…

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  • How The 2010s Changed CRE Forever: Part 2

    BISNOW

    Take a character from Mad Men out of the 1960s and plop him down in most U.S. office spaces until about 2010 and — except for desktop computers and women in positions of authority — things would look pretty similar to him. Bring him forward to today, however, and he’d be in much less familiar terrain. Fundamental change has come to the office sector over the last 10 years, in the way it looks, the way people interact with it, and the way landlords go about their business. Apartments might have b…

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  • Former WeWork exec joins CompStak board

    THEREALDEAL

    CompStak recently completed a $14 million Series B fundraise and is looking to break into new markets and take on new customers. Mandel said that Fano’s connections in the real estate business will certainly be an asset, but said CompStak will benefit as much from Fano’s expertise in how to manage that growth internally. While at WeWork, Fano helped to double annual revenues for four consecutive years. The co-working company has come under fire this year for a number of reasons, including growin…

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  • Rudin confident on weathering WeWork storm

    THEREALDEAL

    Bill Rudin spent time this summer at the Brooklyn Navy Yard — not exactly one of his haunting grounds. In its 94 years, his family real estate firm had never done a project in Brooklyn, let alone in an out-of-the-way industrial campus — and with an anchor tenant about to plunge into crisis. The CEO of Rudin Management was overseeing the finishing touches at Dock 72, a 675,000-square-foot building overlooking the East River. Complete with a basketball court and a rooftop conference center, it was…

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  • Ucommune of China Gears Up for a New York IPO

    WSJ

    China’s biggest co-working company has filed plans to go public on the New York Stock Exchange, an early test of investor faith in flexible-office startups since We Co. pulled the plug on its IPO plans. Ucommune, which says it is the largest co-working firm in China based on the number of workstations and square feet it manages, said in a filing with the Securities and Exchange Commission that it seeks to raise $100 million, though analysts say that figure is often used as a placeholder until a …

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  • We Are All Adam Neumann: A Short Farewell to 2019

    LINKEDIN

    WeWork encapsulates everything that was good and bad about the world in 2019. That’s why we couldn’t keep our eyes off it. On it’s way up, WeWork was described by The Atlantic as a company that “perfectly captured the Millennial Id” — tapping into the unconscious needs and desires of a whole generation. But once the public became conscious of the company’s financial performance, shareholders were trapped in a nightmare: The valuation was cut down by nearly 90%, the charismatic founder was ousted…

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  • Apple Has Top Secret Team Working on Internet Satellites

    BLOOMBERG

    Apple Inc. has a secret team working on satellite technology that the iPhone maker could use to beam internet services directly to devices, bypassing wireless networks, according to people familiar with the work. The Cupertino, California-based iPhone maker has about a dozen engineers from the aerospace, satellite and antenna design industries working on the project with the goal of deploying their results within five years, said the people, who asked not to be identified discussing internal com…

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  • RealPage Closes Acquisition of Buildium

    BUSINESSWIRE

    RealPage, Inc. (NASDAQ:RP), a leading global provider of software and data analytics to the real estate industry, today announced that it has closed its acquisition of Buildium® (www.Buildium.com), a leading SaaS real estate property management solution provider with approximately 2 million units under management in the SMB market segment. “The SMB market segment represents a tremendous growth opportunity for RealPage. This is an area where technology is underutilized, and currently served by my…

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  • The ‘world’s first post-car development’ is being built in Arizona — here’s what it will look like

    BUSINESSINSIDER

    Culdesac — working with architecture firm Optico — is creating the “world’s first post-car development” that will be completed in the fall of next year. The neighborhood — which won’t have any parking for private cars — will be in Tempe, Arizona, which was chosen because of its growing number of jobs and population, and available land near a light rail station. The only parking spaces will be for visitors and ridesharing. Instead of private cars, transportation options in the community will incl…

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  • The last decade in real estate, and a peek into the next one

    TECHCRUNCH

    As we barrel towards the start of a new decade, it’s amazing to think about the ongoing transformation within real estate. In the U.S., housing’s contribution to our GDP is ~15-18% spread across residential transactions, construction and housing services (i.e. rent, utilities, insurance, etc.) For the average homeowner, their primary residence is the biggest component of their net worth. And for employers, affordable housing programs can increase employee retention, productivity and success on t…

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