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Thanks for keeping up with the CREtech Community in the News! For more news about members of the CREtech Community, follow us on Linkedin. During a bankruptcy hearing, it was revealed that WeWork’s majority ownership would be assumed by property management software provider Yardi Systems as part of the company’s plan to emerge from bankruptcy. Under this plan, WeWork’s senior lenders would inject $50 million to sustain operations until the expected exit from bankruptcy on May 31, followed by an…
CREtech
Thanks for keeping up with the CREtech Community in the News! For more news about members of the CREtech Community, follow us on Linkedin. In late 2023, Bedrock Energy, a geothermal startup based in Austin, Texas, debuted its innovative drilling technology in a sunbaked parking lot near South Congress Avenue. Over two months, they drilled 11 holes reaching 800 feet deep, laying the groundwork for a geothermal heating and cooling system beneath an adjacent office space. Their unconventional appr…
CREtech
Thanks for keeping up with the CREtech Community in the News! For more news about members of the CREtech Community, follow us on Linkedin. BlackRock and Temasek’s Decarbonization Partners announced the closing of their inaugural fund, Decarbonization Partners Fund I, with a staggering $1.4 billion raised, surpassing their initial $1 billion target. Launched in 2022, Decarbonization Partners aims to invest in companies driving the transition to a net-zero economy by 2050. With offices in major g…
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