Latest Trends and Insights in Real Estate Technology

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  • Goldman Sachs Agrees To $1.75B WeWork Credit Line For SoftBank

    BISNOW

    Investment banking titan Goldman Sachs has agreed to arrange a $1.75B line of credit for WeWork, Bloomberg reports. SoftBank is listed as the primary borrower in the deal, reportedly so that Goldman can sell the loan to potential partners as a safer bet. WeWork is named as a co-borrower. The credit would replace $1.1B worth of previous loans, one of which had terms onerous enough to place WeWork at risk of running out of money before SoftBank stepped in with a $9.5B bailout package in November t…

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  • In the Airbnb Era, Apartment Landlords Are the New Hoteliers

    WSJ

    Property owners once saw short-term rental listing sites like Airbnb Inc. as a threat. Now, some are embracing them. Startups like Sonder Corp., Domio Inc. and Lyric Hospitality Inc. typically lease blocks of furnished apartments on the same floor or even entire buildings under long-term deals. Then they turn around and rent them out to travelers for stays of a few weeks or as short as one night. These apartment operators aim to appeal to travelers who prefer larger accommodations than a standar…

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  • Real Capital Analytics Acquires Datscha

    MYNEWSDESK

    The Swedish real estate technology firm Datscha joins property data provider Real Capital Analytics (RCA) in one of the largest European PropTech transactions of 2019. Combining Datscha’s technological skills in linking complex public and private datasets with RCA’s global reach across North America, Europe and Asia-Pacific will lead to increased market transparency and will deliver innovative and intelligent solutions to the real estate market.

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  • Cherre and SafeGraph Partner to Integrate Geospatial Data into Cherre’s Award Winning AI Platform

    PRNEWSWIRE

    Cherre, the NYC-based real estate data and analytics platform, today announced a new data partnership with SafeGraph, a data-focused company powering innovation through open access to geospatial data. Cherre will integrate SafeGraph’s Point-of-Interest (POI), geometry, and pattern data into its platform, enabling mutual customers to incorporate industry-leading geospatial data. SafeGraph’s unique technical approach includes ingesting data from thousands of sources, such as government data, web c…

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  • Why Car-Free Streets Will Soon Be the Norm

    CITYLAB

    When asked what they like most about a city they have visited, almost no one answers: “The cars whizzing by on the streets.” Cultural attractions, the people we meet, walking through the city and gazing at plazas, buildings, and places—these are the things that make a city unique. What if there was a way to get more of what we all like and less of the noise and congestion we don’t? Many cities are working towards that goal, by closing major streets to traffic and opening them up to people.

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  • Tech Takeaways

    URBANLAND

    Jennifer Bradley, founding director of the Aspen Institute Center for Urban Innovation, an international think tank that advocates for a values-led approach to piloting and implementing urban technologies. “I’m a big digital city skeptic. I think of it as more of a marketing term, a way that cities seek to distinguish themselves from other cities,” Bradley says. Technology that makes cities more efficient, resilient, and collaborative has advanced to the point where using digital tools is just a…

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  • WhyHotel raises $20 million to bring pop-up hotel rooms to cities across the U.S.

    VENTUREBEAT

    Airbnb has emerged as the single greatest disruptor of the $500 billion hotel industry over the past decade, and with the peer-to-peer home rental giant gearing up to go public in 2020, a slew of startups have gotten in on the “alternative lodging” action. One of those companies is WhyHotel, a Washington, D.C.-based startup that operates pop-up hotels in newly built “luxury” apartment buildings. The company today announced that it has raised $20 million in a series B round of funding led by Harb…

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  • Katerra closing Phoenix modular building facility, laying off 200 workers

    CONSTRUCTIONDIVE

    Katerra will close its 250,000-square-foot modular building “component and finish” factory in Phoenix and lay off 200 workers this month, a company representative confirmed. In addition, co-founder Fritz Wolff stepped down from his position as a member of the Menlo Park, California-based firm’s board earlier this month, to “concentrate on other professional pursuits.”

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  • Sevan Multi-Site Solutions Raises $17.5M in Series A Funding

    FINSMES

    Sevan Multi-Site Solutions, Inc., a Downers, IL-based global leader in data analytics, surveys, design, program management and construction services, closed a $17.5m Series A funding. The round was led by ABS Capital Partners. As a result of the minority investment by ABS Capital Partners, Managing General Partner Phil Clough will join the Sevan board of directors. The company intends to use the funds to expand operations and business offerings, as well as to develop new technology. Founded in 2…

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  • WeWork Is in Talks to Sell Business It Bought 8 Months Ago

    BLOOMBERG

    WeWork is in talks to sell Managed by Q Inc., a business it owned for about eight months, according to people familiar with the matter. The deal may help the troubled office-sharing company raise cash and refocus on its main business. A group of investors and executives, including Managed by Q co-founder and former Chairman Dan Teran, is trying to buy the business back from WeWork, the people said. Discussions are progressing and WeWork is actively pursuing a resolution, said the people, who…

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