Latest Trends and Insights in Real Estate Technology

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  • New York City Developers Lobby to Legalize Drones

    WSJ

    Real-estate developers in Los Angeles and Chicago are embracing drone technology to help speed up the building process and reduce costs. But in New York City, a 71-year-old local statute is keeping drones grounded. The 1948 law requires that all aircraft take off and land in a location designated for flight by the Port Authority—namely airports. This effectively prohibits drones from flying within city boundaries, despite the Federal Aviation Administration’s 2016 rule that legalized commerci…

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  • Texting Tenants is Mainstream in Much of the Multifamily Industry

    GLOBEST

    DALLAS—Multifamily owners now have the convenience of a text messaging tool that connects directly with existing property management software platforms. A cloud-based SAAS platform with custom SMS/MMS solutions, IRIO, is partnering with RealPage Inc., provider of real estate software and data analytics. In this partnership, IRIO will provide RealPage clients with a texting solution integrated into RealPage’s platform.

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  • CRE’s Most Powerful Women On Facing Bias And Reshaping The C-Suite

    BISNOW

    Every year, more and more women are added to the ranks of New York’s commercial real estate world. They are running firms, brokering big-ticket deals and having a major influence on the future of the city through design, construction, government policy and law. Still, despite the significant achievements made by so many women, setbacks, challenges and obstacles persist. Like so many industries, males still outnumber women in leadership roles and the pay gap has not yet been closed.

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  • Life House Secures $100M in Equity Capital

    COMMERCIAL PROPERTY EXECUTIVE

    Life House, a New York-based company specializing in lifestyle boutique hotels, has secured $100 million in equity commitments, or about $250 to $300 million in total asset value, from Boston’s Blue Flag Partners. The sum is expected to let Life House acquire seven to 10 additional hotels. The deal comes soon after Life House took over operation of The Roberts Collection, a historic 58-room hotel in Nantucket, Mass., which Blue Flag had acquired in April. Life House will begin restoration of …

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  • Aquicore Launches “Automatic Diagnostics,” A New Machine Learning Tool for Its Comprehensive Commercial Real Estate Operations Platform

    AQUICORE

    Aquicore’s newest machine learning feature automatically identifies and alerts building engineers and property managers of potential building operations problems and their estimated financial impact WASHINGTON – July 16, 2019 – Aquicore, a leading commercial real estate software company with an all-in-one operations platform, announced today the release of “Automatic Diagnostics,” a new machine learning tool heralding the next generation of fault detection diagnostics available through its comp…

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  • BREAKING NEWS: Procore to Acquire Honest Buildings to Enhance Project Management for Owners

    PROCORE

    CARPINTERIA, Calif., July 16, 2019 – Procore Technologies, Inc., a leading provider of construction management software, today announced it has entered an agreement to acquire Honest Buildings, Inc., a leading provider of project management software for owners and developers. This acquisition will allow Procore to create the construction industry’s first full-stack platform to manage projects from start to finish. Together, the companies will use their platforms to create unified financials and …

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  • One of Uber’s flying taxi partners just raised a $25 million Series A round

    TECHCRUNCH

    Uber Air, the transportation company’s upcoming flying taxi service, needs vehicle partners in order to make it a reality. Karem Aircraft, which Uber partnered with last year, has just raised a $25 million Series A round for its new air taxi spin-off. The round was led by Korean industrial conglomerate Hanwha Systems….

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  • Industry Disruptor: Blockchain Tokenization Explained

    GLOBEST

    NEW YORK CITY—“Tokenization is a new type of technology that develops digital assets,” says Katya Fisher, a partner in Greenspoon Marder’s blockchain, digital assets and technology transactions practice group. “It’s a digital upgrade for analog assets. It’s a way to transform capital markets.” Tokenization is supported by blockchain, a technology that allows for sharing of files and digital assets without generating duplicate copies. Blockchain is a peer-to-peer digital ledger where the softwa…

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  • rSquared Launches With Eye on CRE Cloud

    GLOBEST

    CHICAGO, IL—Software-as-a-Service provider rSquared CRE recently announced its official launch. The company will focus on developing cloud software solutions that fill the unmet demands within the CRE space. According to Sal Caldarone, CEO of rSquared, some of the unmet demands in the CRE industry include the need for greater data transparency, outdated technology solutions, and reliably accurate data.

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  • igloohome raises $15 million in fresh funding to launch iglooworks, an enterprise-focused smart access line to support smart cities

    TECHSTARTUPS

    igloohome, a Singpore-based smart access technology startup, officially launches its new line iglooworks with $15 million fresh funding co-led by Insignia Ventures Partners, Wavemaker Partners and SEEDS Capital. New investors include Kickstart Ventures, TH Capital, Pine Venture Partners, On Asset Management, InnoVen Capital and a group of angel investors. Existing investors Singtel Innov8 and Great Noble International also participated in the round. In conjunction with the funding, the startup a…

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