Latest Trends and Insights in Real Estate Technology

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  • Proptech: Track, a Property Manager for Homeowners, has Raised Nearly £160,000 of its £250,000 Fundraising Target on Seedrs

    CROWDFUNDINSIDER

    A real estate business that received the backing of Property Innovation (Pi) Labs, a leading Proptech VC, is raising equity capital through crowdfunding. Track, which serves as a property and fund manager for homeowners, is raising £250,000 (appr. $328,000) on Seedrs for 11% of company equity. Track has raised nearly £160,000 from 48 individual investors, which is roughly 65% of its fundraising target (at the time of writing). Track has valued itself at £2 million (appr. $2.6 million). The compa…

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  • Startup Life Stories: A PropTech Founder’s Worst Day Ever

    FORBES

    In the final installment of the #StartupLife series for 2019, I am making things personal. The PropTech startup founders who agreed to be a part of the series opened up their hearts and shared the worst and best moments in their careers to date for the readers of this column.  Startups are consumed by four main things: their team, their product, getting funding and capturing clients. Their failures and successes in each of these endeavors are what make their days good or bad. Today, we will look…

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  • Are We Heading Towards a Reckoning of Startup Valuations?

    CRETECH

    Since I began working in the late ‘80s, I’ve weathered many market cycles. Some were mild, others devastating. Each time, however, similar mistakes and patterns emerged. Market cycles went south once greed led to lax vetting from banks, lenders, and investors. In today’s tech ecosystem, the same pattern has emerged; when cash is plentiful, entrepreneurs too often take the bait and fall into a trap that untimely leads to pain and suffering.    

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  • Are We Heading Towards a Reckoning of Startup Valuations?

    Michael Beckerman

    Since I began working in the late ‘80s, I’ve weathered many market cycles. Some were mild, others devastating. Each time, however, similar mistakes and patterns emerged. Market cycles went south once greed led to lax vetting from banks, lenders, and investors. In today’s tech ecosystem, the same pattern has emerged; when cash is plentiful, entrepreneurs too often take the bait and fall into a trap that untimely leads to pain and suffering.     Now that I have worked in the real estate…

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  • Sonder Puts Hilton and Marriott in Its Sights as It Moves Into Hotel Business

    SKIFT

    Hospitality company Sonder has ambitions to become the next-generation Hilton or Marriott as part of its plan to radically redefine the industry. The San Francisco-headquartered firm has raised a total of $360 million in funding and has been putting the money to use growing in cities across the world. Speaking at Skift Short-Term Rental Summit, Sonder co-founder and CEO Francis Davidson said it was important to learn from the big hotel companies but then rework how to do things better and more e…

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  • Woman-Led Kin Focuses On Community From Its Office To Its Real Estate Product

    BISNOW

    With about a year under its belt, a team that has grown from one to four, and a second project launching soon, Kin is starting to get its footing. The company, which partners with developers to provide programming to alleviate the isolating nature of urban living for young families, is all about community, and CEO Britt Zaffir said that permeates through how her team conducts business every day. “I think it’s really important because what we’re doing is building a community of families, and to t…

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  • The Art Of A Smart City

    FORBES

    Take a quick look around you. Right now, you are probably surrounded by a rich tapestry of technologies working hard to improve the way you live and work. Some are obvious, some are hidden. You are looking at one right now. Tangible tech like computers and mobile phones are easy to identify, but they represent only a small fraction of the gadgets, gizmos, systems and services making an impact on modern, smarter living.

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  • Amazon Came for Supermarkets, and Grocers Are Fighting Back With Robots

    BLOOMBERG

    Armed with algorithms, robotic warehouses and cashierless stores, Amazon.com Inc. is commonly seen as an existential threat to traditional grocers. In recent weeks alone, Amazon confirmed plans for a mainstream supermarket to complement its pricey Whole Foods Market chain, and the company plans to bring its automated checkout technology to full-size supermarkets. It’s enough to make old-school grocers adopt the fetal position and brace for the retail apocalypse. They aren’t, of course. Anima…

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  • CRE Tech Investments Can Withstand Potential Recession

    CPEXECUTIVE

    The real estate landscape is continuing to evolve at a rapid pace, and while global economic volatility is raising a degree of uncertainty on the nearer term global and U.S. economies, 2020 seems primed to be yet another good year for the industry. Overall, the economic outlook for the U.S. CRE market is moderately positive for the year ahead. According to our 2020 Commercial Real Estate Outlook, two-thirds of CRE executives with a predominant office property portfolio expect growth in rental ra…

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  • Industry Leaders Say It’s Time to Get Innovative

    COMMERCIALOBSERVER

    If you count the world’s oldest surviving buildings — starting with 7,000-year-old tombs in France — the real estate industry is literally Neolithic. But as technology democratizes the modern-day mysticism around computing and big data, industry leaders are taking a more aggressive approach to propel the business out of the Stone Age. That was the takeaway at Commercial Observer’s first-ever Innovators Forum, held yesterday at the Sheraton New York Times Square Hotel in Midtown. (In a ballroom, …

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