Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
LMRE and Fifth Wall
The 2022 PropTech Salary Survey, Powered by LMRE and Fifth Wall By taking five minutes to complete the form, you are contributing to what we hope will become a resource to the PropTech community and allow for better, more informed pay decisions.
CREtech
CREtech, the world’s leading community of professionals devoted to technological innovation in the real estate sector, has announced Sonny Kalsi, Co-CEO, BentallGreenOak, will deliver a Keynote Presentation at CREtech’s flagship conference, CREtech New York, this October 12-13, 2022. Sonny’s Keynote Presentation will take place on the Main Stage on the first day of the conference.
Bisnow
The next big property alternative could be short-term holiday rentals. So said a report on the potentially $60B global ‘alternative accommodation’ sector now dominated by aggregator websites like Booking.com and Airbnb.
Axios
Richmond’s first 3D-printed house is officially complete, and the owners move in next month. Why it matters: Virginia Housing hopes 3D printing will make it significantly cheaper to build houses in the long run, and while the process isn’t there yet, the completion of the first one in Richmond is a big first step.
TechCrunch
Founders Fund has made its first investment in the Middle East by backing UAE-based proptech startup Huspy. The $37 million Series A round, one of the largest at this stage in MENA, was led by Sequoia Capital India.
CREtech
CREtech, the largest international community of professionals devoted to technological innovation in the real estate sector, selects judging panel of industry leaders from Boston Properties, Colliers, Jamestown, L.P, Hudson Yards and Related Companies, PGIM Real Estate and SEC Newgate, for the 2022 Real Estate Tech Awards (RETAs).
TechCrunch
Join, a decision-making platform for architecture, engineering and construction, today closed a $16 million Series A round led by SignalFire with participation from Ironspring Ventures, Metaprop, Building Ventures and Standard Investments. The fresh capital, which brings the company’s total raised to $30 million, will be put toward “doubling down” on market expansion and expanding Join’s product, according to CEO Andrew Zukoski.
CREtech
Every year CREtech hosts the Real Estate Tech Awards (RETAs) to highlight the companies making the most profound impact in the space. Our goal is to recognize the most innovative and cutting edge companies who have played an integral role in advancing tech in the real estate industry throughout the year. Have you and your team pushed PropTech forward this year? Tell us about it!
Bisnow
After years of exuberant dealmaking, the proptech industry is facing a reckoning. Proptech unicorns that raised boatloads of cash and went public with promises to disrupt the multitrillion-dollar commercial real estate industry have seen their valuations plummet in recent months. The sector’s losses have outpaced the overall market drop this year as the Federal Reserve has taken aggressive measures to curb inflation.
SDM
Virtual Facility, provider of machine learning and automation management of alarms and maintenance work orders for the built world, announced it closed a $9 million seed round of funding from lead investor Camber Creek, with participation from existing investors Primary and Ubiquity Ventures.
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