Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
Medium
It’s almost impossible to read anything about tech these days without tripping over something related to web3 and the metaverse. I’ve been particularly interested in the topics from a real estate perspective, given my proptech focus.
PlaceTech
Backing from JLL’s venture capital arm will fuel the commercial real estate management startup’s expansion across the US, Asia Pacific and the UK.
Second Avenue
— Single-Family Rental Investment Platform Expects to Deploy ~$1 billion annually — Tampa, FL (April 28, 2022) – Second Avenue Group (‘Second Avenue’), a full-service, institutional quality single-family rental platform (“SFR”), announced today that Monroe Capital LLC, a leading private credit asset manager, has committed approximately $250 million to its investment platform through a mix of debt and equity capital. The commitment brings Second Avenue’s current capacity for ne…
PlaceTech
Skills that traditionally underpin real estate are no longer fit for purpose, Toby Courtauld, CEO of GPE said at the first session of CREtech London this morning. …
Biz Journals
Office leasing activity rebounded to pre-pandemic levels in the first quarter this year, but the amount of space that tenants vacated was larger than the amount of space that tenants began occupying in the first quarter, according to a new report from JLL.
Businesswire
Brimstone makes Ordinary Portland Cement, chemically and physically identical to conventionally manufactured cement, but without releasing CO2. At scale, Brimstone’s breakthrough will produce cement at or below market prices, solving the problems of both emissions and scarcity of raw materials, and without increasing cost or risk for customers. At scale, Brimstone’s process will be able to supply organizations and governments that want to construct new buildings or replace aging infrastructure b…
RNZ
JLL Spark led Re-Leased’s US$15 million funding round, which will support the company’s international expansion.
NBC News
Nate Gipson got a notice back in February that one of his rental homes in Memphis, Tennessee, needed a new ceiling fan. As a landlord, he thought the request was reasonable enough.
Biz Journals
LENX, the corporate venture arm of homebuilding giant Lennar, led the raise for HomePace, which says it allows people to “easily access their home equity without taking on additional debt or interest payments.” Homeowners can receive up to $250,000 in cash.
TechCrunch
Sumutasu, a Tokyo-based proptech startup that offers a direct online real estate purchase service, has secured $8.2 million in equity and $1.6 million in debt. The company has raised a total of $16 million since its 2018 inception. …
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