Latest Trends and Insights in Real Estate Technology

Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.

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  • New Startup With Its Own Spin On Short-Term Rentals Raises $12M In Series A Funding

    BISNOW

    Airbnb’s explosive impact on the hospitality industry continues to resonate, and a new startup believes it can find a new niche in the increasingly complicated market. New York-based Domio is a new venture that seeks to build “apart hotels,” or buildings with two- or three-bedroom units that look and function like apartments, but are rented on a short-term basis like hotel rooms. The startup has just closed its Series A funding round after raising $12M, Tech Crunch reports.

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  • Commercial Real Estate is the Largest U.S. Asset Class(Podcast)

    BLOOMBERG

    An avid entrepreneur, Richard Sarkis has launched and run numerous businesses and most recently, he was an Associate Partner at McKinsey & Company specializing in Financial Services. In 2013, he co-founded Reonomy, a commercial real estate data and analytics platform he hopes will democratize the world of commercial real estate data, bringing CRE into the 21st century and in line with other capital markets. Richard Sarkis joins former SEC chairman Arthur Levitt to discuss his company Reonomy…

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  • WiredScore raises $9M in Series A

    THE REAL DEAL

    WiredScore, the building connectivity rating company that was once majority-owned by Jared Kushner, has raised $9 million in a new venture funding round. Fifth Wall Ventures, Bessemer Venture Partners, Sterling.VC, Legal & General, KingSett Capital, U+I, Town Centre Securities, MOMENI Digital Ventures and Savitt Partners participated in the round, the companies announced Monday.

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  • Real estate startup Compass acquires part of shopping app Spring, including its CTO

    TECHCRUNCH

    After raising $400 million in September in a round that valued it at $4.4 billion, real estate startup Compass is making an acquisition to help it double down on growth: it is acquiring a portion of Spring, the mobile-first fashion shopping app that has raised more than $100 million since 2014, to work on parts of Compass’s AI-based real estate platform, which provides a marketplace to post properties for sale and rental across the US and soon other countries….

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  • Developers Say Fancy PropTech May Be Missing The Point

    BISNOW

    Be careful chasing the fanciest app or newest technology when catering to the commercial real estate industry, because to the average professional, it is still about what it will do for the customer. “It’s not the flashiest, newest smart home technology that’s cool,” Cortland Partners Chief Experience Officer Mike Gomes said. “We’re not seeing a lot of pounding of our residents on the doors wanting something more. They just want to make sure the basics are met.”

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  • In a Bid to Fill Office Buildings, Landlords Offer Kegs and Nap Rooms Image

    NY TIMES

    Not many people can get away with sleeping on the job. Tishman Speyer, one of New York’s largest commercial landlords, wants to change that. Last year, the company introduced Zo, a program to expand the perks offered to its tenants, including nap rooms at Rockefeller Center. “Please associate me with sleeping on the job,” said E. B. Kelly, a managing director at Tishman Speyer who oversees the effort….

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  • JP Morgan’s Jamie Dimon makes his biggest bet on Silicon Valley with new ‘fintech campus’

    CNBC

    Jamie Dimon has never been shy about his envy for Silicon Valley. The CEO of J.P. Morgan Chase frequently travels west to meet with venture capitalists and entrepreneurs, touts his bank’s hefty investments in technology and famously warnedin 2015 that “Silicon Valley is coming,” thanks to “hundreds of startups with a lot of brains and money working on various alternatives to traditional banking.” Dimon is now opening his wallet in the region like never before. Early next year, J.P. Morgan …

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  • AT&T: 5G network launches in ‘next few weeks’ for parts of 12 U.S. cities

    VENTURE BEAT

    Following Verizon’s October 1 launch of a “fixed 5G” network for customers in parts of four cities, AT&T today said it will be introducing its mobile 5G network “in parts of 12 cities” within the “next few weeks.” That narrows the company’s timeline down to November, just ahead of its self-imposed 2018 deadline for commencing 5G services….

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  • Breather Launches the Infinite Workspace: Private Offices Integrated with a Network of 500 On-Demand Spaces

    PR NEWSWIRE

    NEW YORK, Oct. 23, 2018 /PRNewswire/ — Breather, the tech-enabled provider of private, on-demand workspace, today announced Breather offices, an expansion of its offering designed specifically for longer-term productivity, while still allowing companies to scale and expand without risk. These companies can now access ideal spaces when and where they need, and pay only for what they use….

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  • Knotel is WeWork’s fiercest rival. Here are its internal numbers.

    THE REAL DEAL

    Rapid expansion comes at a price. Knotel, one of WeWork’s biggest threats, racked up an EBITDA loss of $24.1 million on $17.6 million in revenues between January and July, according to internal numbers obtained by The Real Deal. The company’s operating loss stood at $11.6 million. Founded in 2016, Knotel expanded from just 200,000 square feet of office space under management at the beginning of 2017 to 1.7 million square feet today. At the end of the third quarter it had 86 locations, includi…

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