Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
TechCrunch
Online mortgage lender Better.com is poised to lay off roughly 50% of its staff of about 8,000 this week, sources familiar with internal happenings at the company told TechCrunch on Monday.
CREtech
Stephanie Fuhrman of Catalyst Housing compares strategies for implementing technology solutions, and shares how she measures their effectiveness.
Berkeley
An appraisal assigns economic value to a home and is a key part of the process of selling, buying, or refinancing. Like other pillars of the housing system, the appraisal process is rife with racial inequities and homes owned by people of color are disproportionately undervalued. Marin City couple Paul Austin and Tenisha Tate-Austin illustrate a recent example; after “erasing themselves” from the appraisal process, Paul and Tenisha saw a $487,500 difference in the valuation of their home apprais…
New Yorker
The company’s purchase of St. John’s Terminal for $2.1 billion is the biggest single-building commercial-real-estate deal in the city since the pandemic began.
Crunchbase News
While last year was a record-breaker in terms of venture capital doled out to startups, this year is trending to be a much different story.
The Real Deal
True to its name, Austin-based proptech firm Swivel is about to pull a major one-eighty.
Canary Media
GridPoint will use the funds to expand its work beyond HVAC and lighting controls.
Finsmes
Daybase, a NYC-based hybrid work company, closed on a $9.6m seed funding round. The round was led by True Ventures (Peloton, Sweetgreen, Blue Bottle Coffee, Ring), and included participation from Company Ventures (Carta, RobinHood); Good Friends (from the founders of Allbirds, Harry’s and Warby Parker); and New York City real estate owners including the Milsteins, Lefraks and Rudin Ventures, among others….
Motorola
Motorola Solutions (NYSE: MSI) today announced it has acquired Ava Security Limited, a global provider of cloud-native video security and analytics, based in London, U.K.
Reuters
Amazon.com Inc said on Wednesday it plans to close all 68 of its brick-and-mortar bookstores, pop-ups and shops carrying toys and home goods in the United States and United Kingdom, ending some of its longest-running retail experiments.
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