Latest in Commercial Real Estate Tech News by CREtech

Related, Block Capital sign deal with short-term rental operator

THEREALDEAL

11/27/2019

Short-term rental operator Domio is claiming its territory in Wynwood. The firm signed a deal to take over the residential component of the Related Group and Block Capital Group’s 175-unit project, The Real Deal has learned. Domio signed a lease for the apartments at The Bradley, a mixed-use project under construction at 51 Northwest 26th Street. Lenny Kravitz’s Kravitz Design is designing the amenity spaces and public areas. Arquitectonica is the architect. Domio competed against companies such…

Co-founder Chris Kelly to leave Convene

CRETech

11/26/2019

Convene’s co-founder is leaving. Chris Kelly, who also serves as vice chairman, will resign from the flexible office provider by the end of the year, according to Commercial Observer. He will still advise the startup. Convene has raised $260 million since its founding in 2009. Its backers include RXR Realty, the Durst Organization and Brookfield Asset Management. Kelly announced the decision Friday at a company meeting. He said he had been thinking about stepping down for years. The move signals…

Singapore launches AI strategy

SMARTCITIESWORLD

11/26/2019

Singapore has launched its National Artificial Intelligence (AI) Strategy to support a goal to become a global hub for developing, testing and scaling AI solutions. The strategy was formally announced at last week’s Smart City Expo World Congress (SCEWC) in Barcelona by Dr Vivian Balakrishnan, Minister-in-charge of the Smart Nation Initiative and Minister for Foreign Affairs, Republic of Singapore.“We believe that AI is a transformative technology. The fact that computers and systems can now see…

Altruist, a Los Angeles-based provider of an integrated digital brokerage platform for financial advisors, raised $8.5m in Series A funding round.

FINSMES

11/26/2019

Altruist, a Los Angeles-based provider of an integrated digital brokerage platform for financial advisors, raised $8.5m in Series A funding round. The round was led by Venrock. As part of the funding, Nick Beim will be joining the Altruist Board of Directors. The company intends to use the funds to continue to expadn operations and its development efforts. Led by CEO and founder Jason Wenk, Altruist provides a platform that offers advisors commission-free trading, fractional shares, the ability…

Entera Raises $7.5M in Funding

FINSMES

11/26/2019

Entera, a San Francisco, New York and Houston-based real estate technology platform that enables investors to access, make data driven decisions and purchase residential real estate, raised $7.5m in funding. The round was led by Bullpen Capital and Craft Ventures, with participation from ValueStream Ventures and Chris Heller, former CEO of Keller Williams and currently the Chief Real Estate Officer of OJO Labs. The company intends to use the funds to expand the reach of its technology platform, …

Chicago startup that simplifies real estate investing raises $2 million

BIZJOURNALS

11/26/2019

Chicago startup Groundbreaker, which helps commercial real estate investors streamline their workflow with an easy-to-use software platform, raised its first round of funding to help it expand its staff and improve its tech. Groundbreaker announced Thursday that it raised $2 million in a round led by Andrew Bluhm, whose family is behind Rivers Casino, Walton Street Capital and Marquee Chicago properties.

SquareFoot Announces Appointment of Michael Colacino, Commercial Real Estate Veteran, as President

PRNEWSWIRE

11/26/2019

SquareFoot, a new kind of commercial real estate company, today announced that Michael Colacino has joined in the role of president – a first for the company. Colacino previously served as president of Savills from 2002 to 2018 and was instrumental in a 2014 merger that led to the formation of real estate powerhouse Savills Studley. The news comes mere weeks after SquareFoot’s recent announcement of a $16 million Series B financing round that will go toward further investments in technology, mar…

Sidewalk Labs wants out of Google’s data-collection shadow

SMARTCITIESDIVE

11/26/2019

During a fireside chat at Smart City Expo World Congress on Wednesday, Sidewalk Labs’ Head of Urban Systems Rit Aggarwala had exciting news to share beyond detailing plans of his company’s massive development project in Toronto. Aggarawala has been at the forefront of advancing the company’s Sidewalk Toronto project alongside Waterfront Toronto. And, just days prior to his presentation in Barcelona, the company made a significant step forward in the project by submitting its 483-page Digital Inn…

No more delays: SoftBank launching WeWork stock tender offer this week

THEREALDEAL

11/26/2019

For WeWork’s investors, better late than never. SoftBank’s $3 billion tender offer to WeWork is set to launch this week, following weeks of delays, according to Reuters. Masayoshi Son’s firm was expected to launch its offer earlier in November but delayed the move while it tried to make technical revisions to the offer documents. The $3 billion offer for WeWork shares includes up to $970 million for those owned by co-founder Adam Neumann. Last week, Bloomberg reported that SoftBank was consideri…

Moscow launches free knowledge base to drive 5G innovation

SMARTCITIESWORLD

11/26/2019

Moscow’s Department of Information Technologies, together with ICT.Moscow, a digital platform aiming to support and connect Moscow’s tech businesses, has launched a free 5G ‘knowledge base’. The site will share 5G use cases and case studies from around the world as well as news, research and more.“This project aims to enable users to keep track of the deployment of 5G mobile communication technology in Moscow. In the future, people will be able to use the platform to stay abreast of the work bei…

Latest Trends and Insights in Real Estate Technology

Search