With latest cash infusion, Nextdoor closes $170M funding round

A social networking platform aimed at connecting neighborhood residents has closed a $170 million funding round with its latest cash infusion. San Francisco-based Nextdoor secured another $47 million technology investment firm Bond, the tech investment firm founded by former Kleiner Perkins partner Mary Meeker. That closes out its $170 million growth round, the company announced Tuesday….

Occupier is a Winner of the Most Prestigious Awards in Commercial Real Estate Tech

New York, NY (September 5, 2019) — Occupier, the leading transaction and portfolio management software solution for commercial tenants and brokers, is pleased to announce that they are a Sixth Annual Real Estate Tech Awards (#RETAS) winner in the Transactions category, presented by CREtech (cretech.com), the largest event, data and content platform in the commercial real estate tech industry….

Uber lays off 435 people across engineering and product teams

Uber  has laid off 435 employees across its product and engineering teams, the company announced today. Combined, the layoffs represent about 8% of the organization, with 170 people leaving the product team and 265 people leaving the engineering team. The layoffs had no effect on Eats, which is one of Uber’s top-performing products, and Freight, according to a source familiar with the situation….

California Passes Landmark Bill to Remake Gig Economy

SACRAMENTO — California legislators approved a landmark bill on Tuesday that requires companies like Uber and Lyft to treat contract workers as employees, a move that could reshape the gig economy and that adds fuel to a yearslong debate over whether the nature of work has become too insecure.

No traffic, no problems: Chase Center’s transit push strikes sweet note for Metallica concert

Traffic? What traffic? Metallica fans by the thousands flooded Chase Center arena’s opening night, Friday, but few found themselves stuck in bumper-to-bumper madness. Instead, an estimated 16,000 concert-goers seemingly got the message: Don’t drive near the arena. They rode gliding Muni trains. They head-banged aboard swift-moving bus shuttles. They crested waves aboard ferries. They pedaled atop bikes. They canoodled romantically in pedicab carriages. They zoomed on e-scooters.

SoftBank asks WeWork to shelve its IPO

SoftBank, WeWork’s biggest outside investor, is urging the startup to shelve its initial public offering, sources told CNBC’s Leslie Picker. News of SoftBank’s urging WeWork to put off its IPO was initially reported by the Financial Times. The We Co., as the co-working company is formally called, had been in discussions with SoftBank and other shareholders and advisors about whether or not to move ahead with its IPO, CNBC reported on Friday. WeWork has faced criticism regarding its complic…

WeWork’s Latest Threat: Old-School Landlords Trying to Copy WeWork

At a dinner two years ago, held in the wine cellar of real-estate executive Jeffrey Hines, managers of the office-building company he heads voiced growing suspicions about WeWork. WeWork started off as a great customer of Hines Interests LP and other landlords, leasing unused space and renting it to businesses too tiny to be ordinary tenants, Hines executive Charlie Kuntz said in a presentation after dessert, according to several people present.

Homeis Raises Another $12M to Bring Immigrants Together Like Never Before

Immigrants face a lot of uncertainty and challenges when settling into a new country. Many of the routine things that citizens overlook like obtaining a driver’s license are a lot more complex when you’re an immigrant. Support from a community can tremendously help and technology can accelerate the acclimation process for those who have left their native lands. Homeis is the first digital platform that empowers immigrant communities, helping them to connect with one another. Using the Homeis app…

Speaker Spotlight: Mollie Fadule, Founder & Partner, Cephas Partners

Attending the CREtech New York Conference on October 16-17, 2019? Don’t miss Mollie Fadule, Founder and Partner at Cephas Partners moderate the session, “Data…Data…Data…” on the Innovation Stage at CREtech New York. 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 Fadule to learn more about his role and his vision for the commercial r…

Uber makes a huge bet on Chicago

Now we know what Uber Technologies is planning to do with all that space it’s leasing at the Old Post Office.

It plans to hire 2,000 people over the next three years, primarily for Uber Freight, the logistics unit of the company that’s best known for its ride-hailing app. Much like Uber’s ride-hailing service, Uber Freight matches shippers who need trucks with truckers who need loads.