Latest Trends and Insights in Real Estate Technology

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  • Sequoia’s First Woman Partner Is Raising Capital, and Standards

    BLOOMBERG

    In 2017, shortly after becoming a venture capitalist, Jess Lee attended a startup conference in Los Angeles. Her badge identified her employer as Sequoia Capital, an Apple Inc. and Google backer that was gearing up to raise more than $12 billion in several new funds. Under most circumstances, that’d be enough to get a VC mobbed, but the crowd largely ignored Lee, the first female investing partner at Silicon Valley’s most prestigious firm. “No one was even looking at my name tag,” she recalls. I…

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  • Altus Group Bolsters Global CRE Asset & Investment Management with Cloud-Enabled ARGUS Enterprise 12

    ALTUS GROUP

    Altus Group Limited (“Altus Group”) (TSX: AIF), a leading provider of software, data solutions and independent advisory services to the global commercial real estate (“CRE”) industry, announces the launch of cloud-enabled version 12 of ARGUS Enterprise (“AE”). AE 12 is the latest version of the industry leading global asset and portfolio management platform used by thousands of customers around the world.

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  • IBM tests ways to improve natural language processing

    VENTUREBEAT

    It’s a miracle most enterprises manage to find anything in their labyrinthine storage setups. Companies increasingly tap a mix of public and private clouds that don’t always play nicely together, and the jargony nature of their employees’ search queries make them tougher to parse than, say, web searches. Fortunately, IBM’s recent work in natural language processing promises to address those and other search challenges in the corporate domain. In four papers scheduled to be presented at the An…

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  • On Verge Of IPO, WeWork Continues To Bulk Up Its Tech Capabilities

    BISNOW

    Coworking giant WeWork is planning to acquire SpaceIQ, a company focused on analytics software that makes more efficient use of office space. The deal is The We Company’s latest move into PropTech as it prepares for its initial public offering as soon as September. The acquisition is characteristic of WeWork, which has bought nine other companies since the first quarter of 2018, most of them with tech specializations. The deals diversify WeWork’s tech capabilities, but as an IPO approaches, t…

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  • Vacasa to Acquire Wyndham Vacation Rentals for $162 Million

    SKIFT

    Vacasa, the vacation rental management service, will buy Wyndham Vacation Rentalsfrom Wyndham Destinations, the companies said Tuesday. Vacasa will pay $45 million in cash at closing and will give Wyndham Destinations up to $30 million of equity interest in the newly formed company. Vacasa will pay the remaining balance in either seller financing or cash, for a total of $162 million in value. The deal is a milestone for the Portland, Oregon-based Vacasa and its founder and CEO Eric Breon. …

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  • The Smart City of the Future Will Rise in Vegas

    CONNECT

    “What happens in Vegas stays in Vegas,” goes the unofficial slogan of this gaming hub in the desert. To which the team behind Bleutech Park Properties might reply, “Not if we can help it.” The $7.5-billion Bleutech Park Las Vegas is slated to break ground in the Las Vegas Valley in December of this year, creating a mini-city that the project’s backers promise will “bring life to new technologies and alter the future of construction design. Smart buildings equipped with new, self-healing, ener…

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  • Shuttered co-living company inks deal to hand over lease agreements

    THE REAL DEAL

    Just a few days after abruptly closing its doors, co-living start-up Bedly has inked an agreement for another company to take over some of its sublease agreements. Brooklyn-based Outpost Club will take over some of Bedly’s lease agreements at its Manhattan and New Jersey properties, the companies announced on Thursday. Bedly founder Martin Greenberg indicated that similar second deal at its other properties will be announced soon. The value of the agreement was not made public.

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  • Lyft Operating Chief to Depart After Moving Last Year From Tesla

    BLOOMBERG

    Jon McNeill, who was hired last year to run Lyft Inc.’s operations, is leaving the company. The founders, who have struggled to retain an operating chief, said they won’t hire a replacement. Before joining Lyft, McNeill was a deputy to Elon Musk at Tesla Inc. He spent two and half years at the automaker, where he served as president of global sales and service….

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  • AI predicts Airbnb prices with 69% accuracy

    VENTUREBEAT

    One needn’t be an oracle to forecast Airbnb listings prices — AI models fed customer reviews and rental features will do the trick. That’s the conclusion drawn by a team of graduate students at Stanford, who investigate in a paper on Arxiv.org (“Airbnb Price Prediction Using Machine Learning and Sentiment Analysis“) systems leveraging machine learning and natural language processing to anticipate future Airbnb rates….

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  • 10 Amsterdam-based startups to look out for in 2019 and beyond

    EU STARTUPS

    Finding the right hotel has never been easier with Booking.com, and no one even remembers how we sent files before WeTransfer. What these two have in common is that they share Amsterdam as their headquarters. And for good reason – this bike-friendly city has also been friendly to the startup community, with a progressive environment, diverse workforce, innovative spirit, top-notch universities and an excellent startup business climate.

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