Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
GEEKWIRE
Unearth Technologies is front-and-center on the map of the Seattle startup scene. The company, which aims to simplify geographic information system (GIS) mapping technology, just raised $7 million as part of a Series A investment round led by Vulcan Capital, the investment arm of the late Paul Allen, with participation from Madrona Venture Group.
WSJ
SoftBank Group Corp. plans to buy at least $750 million of the shares in WeWork’s impending IPO, a move that could allow the office-sharing company to shore up an offering that has been plagued by tepid investor demand. The Japanese technology conglomerate, already the biggest investor in WeWork’s parent, would end up with 25% or more of the shares sold in an offering that’s expected to raise at least $3 billion and value the startup at between $15 billion and $20 billion, according to peop…
CREtech
Attending the CREtech New York Conference on October 16-17, 2019? Don’t miss Kevin Shtofman, National Real Estate Blockchain Lead at Deloitte Consulting on the Innovation Stage at CREtech New York for the session, “Data…Data…Data…” Learn from the leading data gurus in the industry on how today’s tech companies help their clients use data to achieve better ROI and outperform the market. Our team at CREtech recently caught up with Shtofman to learn more about his role and his vision fo…
PR NEWSWIRE
NEW YORK, Sept. 9, 2019 /PRNewswire/ — Ten-X Commercial, the nation’s leading transaction platform powering 90% of all online commercial real estate sales, today announced that it won first place in the sixth annual 2019 Real Estate Tech Awards (#RETAS) in the subcategory of transactions. This is the second consecutive year that Ten-X has been recognized by the #RETAS. In 2018, the company was named a winner in the category of transaction and underwriting….
TECHCRUNCH
Replica, the data-gathering tool created within Sidewalk Labs that maps the movement of people in cities, is now a company. The newly formed company, which is headed by Nick Bowden, also announced Thursday it has raised $11 million in a Series A funding round from investors Innovation Endeavors, Firebrand Ventures and Revolution’s Rise of the Rest Seed Fund. The capital will be used to accelerate Replica’s growth through new hires beyond its existing 13-person staff, expansion to new cities an…
TECHCRUNCH
Home ownership has long been touted as the American dream. But rising rates of mortgage debt and student loan debt are making the pursuit of home ownership a nightmare. Debt-burdened individuals or those with inconsistent or tight cash flow can not only struggle to get credit loan approval when buying a home but also struggle to satisfy monthly mortgage payments even after purchase. Patch Homes is hoping to keep the proverbial American dream alive. Patch looks to provide homeowners with cash fl…
YAHOO FINANCE
NEW YORK–(BUSINESS WIRE)– Round led by prominent seed-stage venture capital firm Corigin Ventures NYC buyers receive rebates averaging $23,000 using Prevu’s Smart Buyer™ Platform Prevu, a customer-focused digital home buying platform delivering industry-leading efficiency and savings, announced today the closing of its $2 million seed funding round. The round was led by Corigin Ventures, a prominent seed-stage venture capital firm with expertise in the real estate technology and consumer in…
REAL ESTATE WEEKLY
Oxford Properties Grouptoday announced plans to develop a minimum of one million square feet of rooftop solar projects across North America by 2022. By piloting its rooftop solar project, Oxford seeks to demonstrate the economic benefits of solar energy, as well as the clear environmental benefits. The solar program is part of Oxford’s wider pledge to reduce its carbon emissions by 30% by 2025. The company — which co-developed Hudson yards with Related and is redeveloping the old St Joh…
THE REAL DEAL
UPDATED, Sept. 12, 2:50 p.m.: Kevin Maloney’s Property Markets Group and Greybrook Realty Partners closed on a $161.5 million loan for a rental tower they’re planning in downtown Miami.
BUSINESS INSIDER
According to a report by CRETech, proptech investment in the first half of 2019 has already topped the amount raised in all of 2018. Funds have poured $14 billion into proptech companies in the first half, up more than 300% from the same period last year, and 2019 is on pace to be the biggest year ever for proptech investment. Proptech-focused venture firms like MetaProp, Fifth Wall, Moderne, and Camber Creek have played a significant role in the space’s rising profile. And MetaProp, founded …
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