Latest Trends and Insights in Real Estate Technology

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  • Is AI Finally Catching up With the Needs of CRE?

    GLOBEST

    ORLANDO, FL—Artificial intelligence is changing our lives, homes, and workplaces little by little in myriad ways. So says Jennifer Conway Viriato, senior real estate analyst of the commercial real estate division at Kamehameha Schools. Viriato will serve as a speaker during a breakout session at the upcoming CREW Network Convention and Marketplace here in Orlando, FL. According to Viriato, we are using AI when we use voice commands with our phones and other devices, with chatbots on websites …

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  • Convene Sets Sights On 500K SF London Portfolio By Bringing Hospitality To The Workplace

    BISNOW

    It is safe to say that Convene’s expansion into London was not a knee-jerk reaction to the boom in the flexible workspace sector in the UK capital. The New York-based company announced its first UK location earlier this month: It is taking 102K SF at AXA Investment Managers — Real Assets’ 1.4M SF 22 Bishopgate skyscraper in the City.

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  • Starship Technologies raises $40 million for autonomous delivery robots

    VENTUREBEAT

    It’s anticipated that the autonomous delivery robots market will be worth $34 billion by 2024, up from $11.9 billion in 2018. Some analysts predict that by then, in cities around the world, thousands of drones and rovers will regularly ferry food, drink, toiletries, and parcels on command to customers miles away. It’s a future on which the investors behind robotics startup Starship Technologies are confidently banking. To that end, Starship this morning revealed that it’s secured $40 million …

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  • IWG Reportedly Mulling U.S. IPO To Compete Directly With WeWork

    BISNOW

    With WeWork’s upcoming IPO drawing skepticism and criticism, one of its largest competitors is hoping to set itself apart by following suit. IWG, the international company formed in 2014 with the acquisition of coworking operator Regus, is considering an initial public offering of its American business on the New York Stock Exchange, Sky News reports. IWG is already listed on the London Stock Exchange with a market capitalization of £3.64B, equivalent to $4.45B based on Aug. 26 exchange rates…

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  • 2 Screen-Based Businesses Partner To Provide Transit Info To 1,600 Buildings

    BISNOW

    Thousands of office tenants across North America will soon have access to up-to-the-minute transit information on screens in their buildings. Captivate, a digital media company with display screens in the lobbies and elevators of 1,600 office buildings, announced Tuesday it is partnering with TransitScreen to add public transit information to its platform. TransitScreen, a D.C.-based company founded in 2013, displays information on trains, buses, bikeshare, careshare and ridehailing servic…

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  • Camber Creek re-ups bet on proptech with $120M fund

    THE REAL DEAL

    Camber Creek, a venture capital firm focused on real estate tech, is targeting $120 million for its largest fund to date. Launched in 2011, Camber Creek has raised $50 million to date — including an initial $20 million fund and a $30 million second fund in 2017. The company filed paperwork for its latest capital raise with the U.S. Securities and Exchange Commission last month.

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  • GENERAL ADMISSION CONFERENCE PASSES NOW AVAILABLE FOR CRETECH NEW YORK

    CREtech

    Join us for CREtech’s biggest east coast two-day conference on October 16-17, 2019. The premier commercial real estate event is expected to attract 2,000 professionals from around the world. Global commercial real estate executives will attend the event to network, uncover new investment opportunities, and acquire leading-edge products and services to enable digital transformation for the largest industry in the world.

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  • WeWork By The Numbers

    BISNOW

    The world’s introduction to coworking behemoth WeWork’s financials came via its initial public offering filed with the Securities and Exchange Commission last week. There were a lot of figures to look at behind the company’s $47B valuation. The S-1 outlined everything from how many countries WeWork operates in (29) to its overall occupancy rate (90%) to how many of its clients have more than 500 employees (39%).

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  • Scoop: Construction tech unicorn Procore seeking to raise $112.5M

    PITCHBOOK

    Procore is seeking to raise up to $112.5 million in Series H1 funding, PitchBook has learned. The funding would value the company at around $3.3 billion, per a PitchBook estimate, up from the $3 billion valuation it reached in December. Final terms and details of the financing have not been announced and are subject to change. The company declined to comment. Founded in 2003, the Southern California-based company is the provider of cloud-based construction software, which aims to replace t…

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  • Speaker Spotlight: Granit Gjonbalaj, Chief Real Estate Development Officer, WeWork

    CRETech

    Attending the CREtech New York Conference on October 16-17, 2019? Don’t miss a groundbreaking session from Granit Gjonbalaj, Chief Real Estate Development Officer of WeWork.  He will present the CREtech Talk: “WeWork: A Profile In Innovation” and discuss how no other start-up has transformed commercial real estate like WeWork. From the tenant experience to brokerage and development, hear how WeWork plans to keep pushing innovation. Our team at CREtech recently caught up with Gjonbalaj to l…

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