Affordable Housing Marketplace PadSplit Raises $4.6M Seed to Reach New Cities

PadSplit, a startup innovating in the affordable housing market, has closed a $4.6 million seed funding round led by Core Innovation Capital, a venture fund that focuses on companies with a social impact to “democratize prosperity.” Additional investors include a mix of corporate, social impact, and real estate-focused investors: Cox Enterprises, Kapor Capital, Techstars Ventures, 1984 Ventures, The Impact Engine, Metaprop and Enterprise Community Partners. Core Innovation Capital’s Arjan Sch…

Uber’s self-driving unit valued at $7.25 billion in new investment

SAN FRANCISCO (Reuters) – Uber’s autonomous vehicle unit has raised $1 billion from a consortium of investors including SoftBank Group Corp, giving the company a much-needed funding boost for its pricey self-driving ambitions on the eve of its public stock offering. Uber Technologies Inc said on Thursday that the investment values its Advanced Technologies Group, which works to develop autonomous driving technology, at $7.25 billion. SoftBank will invest $333 million from its $100 billion Vis…

CrowdStreet Crosses $500 Million Invested Online in Commercial Real Estate Deals

PORTLAND, Ore., April 18, 2019 /PRNewswire/ — CrowdStreet, Inc., a technology provider with an online marketplace for direct equity investment in commercial real estate (CRE), today announced that in March it crossed the $500 millionthreshold in total online investments with a record number of new individual investors.  The news accompanies a record quarter with over $75 million invested….

Co-living Market Is Rapidly Expanding

The co-living market is rapidly expanding. Of the available investment-grade co-living supply in the US, 55.1% was delivered in 2018 alone, according to research from JLL. By 2021, the co-living supply is expected to increase another 84%. Millennials are driving the demand for alternative living options, as well as young professionals that take short-term assignments in new markets. Capital markets has responding, $300 million into the co-living space year-to-date. …

Squeezing profits from shared housing

It seems co-living is finally coming of age. The problem is how to scale.

The high-end communal housing model is expanding in a number of cities, including New York, and fewer property owners, investors and bankers are cringing at the thought.

This NYC Startup Supercharges Commercial Tenants With its Real Estate Deal and Portfolio Management Platform

Time is money, and any lapse in communications can cost the real estate market hundreds of thousands of dollars when orchestrating large lease deals.  Occupier has built a centralized communications platform that connects all of the key stakeholders in real estate deal transactions such as executive teams, business unit leads, brokers, architects, and attorneys, allowing them to collaborate in real-time.  While commercial brokers, building owners, and developers have long utilized technology to …

Appraisal startup Bowery Valuation raises $12M in Series A

Bowery Valuation, a tech-focused real estate appraisal firm, just raised $12 million in its latest Series A funding round. Builders VC led the round, alongside Navitas Capital, Camber Creek, Fika Ventures and Corigin Ventures, Bowery representatives told The Real Deal. The startup, one of MetaProp’s portfolio companies, bills itself as the world’s first tech-driven commercial real estate appraisal firm. The company focuses on multifamily and mixed-use assets but plans to expand to other c…

Why Airbnb, Tishman Speyer and others invested $160M in lodging startup Lyric

The San Francisco-based lodging and real estate tech company aims to turn a segment of the industry around with the help of apartment owners. …

A New Marketplace for OZ Investors and Developers

New York, NY—InvestReal, a real estate marketplace, has recently launched to connect developers looking to raise capital for Opportunity Zone projects with investors. It is estimated that there will be $100 billion of Opportunity Zone capital raised by the end of 2019. That figure could be even higher given that there is an estimated $6 trillion in unrealized capital gains in the US. However, many investors don’t have a lot of real estate construction projects in their portfolios or an extens…

CREtech CEO Michael Beckerman to Deliver Keynote On State of Tech Sector at Bisnow Boston CRE Tech Summit

Beckerman to Deliver Keynote Speech on The State of CREtech at Boston Summit New York, NY (April 18, 2019)— CREtech (cretech.com), the largest event, data and content platform in the commercial real estate tech industry, announced that its CEO, Michael Beckerman, will deliver a Keynote on “The State of CRE Tech” at Bisnow’s CRE Tech Summit in Boston, on May 9, 2019. Attendees of the Bisnow CRE Tech Summit will have the opportunity to learn how tech is affecting Boston’s investment, design …