Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
CP EXECUTIVE
The shared workspace sector continues to expand and evolve, and Saltbox Inc. is playing a role in the transformation. The new startup has just announced its first location, a 27,000-square-foot facility to open in Atlanta, providing a combination of coworking and co-warehousing space for what it calls the “concrete class.”
BISNOW
After going through the entitlement process and breaking ground on Los Angeles’ first steel modular construction high-rise, BLVD Hospitality officials are now big believers in modular construction. Developers hope the steel modular hotel — set to rise in downtown sometime in October 2020 — can be a shining example of a well-built modular construction product.
THE REAL DEAL
UPDATED: Sept. 6, 6:58 p.m.: With his back against the mats, Realogy CEO Ryan Schneider considered selling the brokerage to its chief rival: Compass. In a statement Friday, the SoftBank-backed brokerage said Schneider even proposed a plan where the arch enemies would form a joint venture — a proposal Compass said it declined. The statement was made in conjunction with Compass’ motion to dismiss an explosive lawsuit filed by Realogy earlier this summer. In the suit, Realogy accused Compass …
TECHCRUNCH
Back in June Uber went on a hiring spree in New York, hiring at least 100 fintech-oriented tech workers to ostensibly look at creating products to increase loyalty and engagement among users and drivers, including things like banking. Cue a flurry of speculation. It now looks like Uber is taking baby-steps towards building such a raft of products out, potentially by offering loans directly to drivers, according to a report from Recode/Vox….
THE REAL DEAL
Since the start of 2019, WeWork’s lofty $47 billion has been a fixture of fascination — how could an unprofitable startup be worth more than 15 times its revenue?
CREtech
Attending the CREtech New York Conference on October 16-17, 2019? Don’t miss Travis Putnam, Managing Partner at Navitas Capital moderate the session, “How AI is Creating Property Value Today,” on the Innovation Stage at CREtech New York. Travis, alongside 3 portfolio companies: Matterport, Gridium and MeetElise will share the experiences of utilizing AI to create value for customers. Our team at CREtech recently caught up with Putnam to learn more about his role and his vision for the comm…
ANDREA JANG – JLL SPARK
Recently, I was asked to share my thoughts with Forbes on how proptech startups should approach strategic growth within the commercial real estate industry. While we covered a lot of ground, there are a few things I wanted to add here. As Growth Lead for the Americas at JLL Spark, I guide proptech startup founders on strategy and sales growth and help teams navigate the myriad of decision makers within the commercial real estate industry. I also educate commercial real estate leaders about tech…
THE REAL DEAL
Four months after leaving Purplebricks, the embattled firm’s top U.S. executive is looking to raise money for a new discount brokerage. Eric Eckardt is seeking $7 million to $10 million to help grow Dwellowner, a cloud-based brokerage, via a security token offering (STO) in which investors are given cryptocurrency representing their investment. An unnamed investor has already committed to chipping in $3 million, Eckardt said in a video posted to Dwellowner’s website on Wednesday.
BUSINESS WIRE
NEW YORK–(BUSINESS WIRE)–VTS, New York City-based proptech unicorn and inventor of commercial real estate (CRE) leasing and asset management software, is pleased to announce it is a sixth annual Real Estate Tech Awards (#RETAS) winner in data, presented by CREtech, the largest event, data and content platform in CRE tech. “We are incredibly honored to have been recognized by CREtech as #1 in data for commercial real estate,” said Nick Romito, CEO and co-founder of VTS. “VTS has a long histo…
FAST COMPANY
With $20 million of new funding from Sidewalk Labs and Ikea umbrella company Ingka Group, the MIT robotics spin-off Ori is moving forward with its ambitious plans to revolutionize architecture. It seemed like an impossible idea. In 2014, an MIT project called CityHome proposed a sleek robotic armoire that would live inside your apartment, amplifying a tiny footprint with Jetsonian features like a kitchen and bed that could slide out from seemingly nowhere. It was neat, sure, but exper…
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