Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
Bisnow
Adrian Washington is tired of staring at holes. The founder and longtime CEO of Neighborhood Development Co., Washington has spent over two decades building urban infill projects across Washington, D.C., but he said at each project, he finds himself encountering the same frustration. …
CREtech+
Jason Lund of JLL reveals the rentable space that most landlords don’t even realize they have, and how shifting your perspective on rentable space can enable added revenue to investors and owners.
Bisnow
Vacation rental company Sonder is expanding in Washington, D.C., adding 280 units across a trio of locations to its portfolio.
The Real Deal
California’s Banyan Residential said it will build a 34.4-acre community of single-family rental homes in Pflugerville, a booming suburb 18 miles north of the Texas capital, the Austin Business Journal reported. Banyan, in partnership with Salt Lake City’s Bridge Investment, didn’t disclose the price of land bought for the development.
Venture Beat
San Francisco-based Databricks, a company that offers the capabilities of a data warehouse and data lake in a single “lakehouse” architecture, today announced its first industry-specific offering: Lakehouse for Retail.
TechCrunch
Serve Robotics, an Uber spinout that builds sidewalk delivery robots, is deploying its next generation of robots that are capable of completing some commercial deliveries without a human in the loop, according to the startup. That means in certain operational design domains, or geofenced areas, Serve won’t be relying on remote operators to teleassist robots or followers to trail behind the robots for safety….
Benzinga
The total project cost is anticipated to be roughly $128.25 million. Ascent has 259 units and is verified to be the tallest mass timber building worldwide. The property is a Class A multifamily building and is seven months away from reaching cash flows on the same basis as investors that have funded the project from the beginning.
Property Week
Disjointed, outdated and unproductive – these are three words commonly associated with construction. Average productivity levels in the sector have remained consistently below the national average and have grown more slowly, according to official government statistics, resulting in a lack of ambition and resources to innovate at the required pace necessary to keep tabs with other sectors – such as car manufacturing….
Yahoo Finance
SALT LAKE CITY, Jan. 11, 2022 /PRNewswire/ — PassiveLogic, creator of the first fully autonomous building platform, has secured $34 million in Series B funding from leading investors Addition and Keyframe. They are joined by commercial real estate strategics, including RET Ventures, Brookfield Growth, and Era Ventures from the U.S., and Europe’s largest proptech VC firm, A/O PropTech. …
JLL
JLL’s UK Managed Services business has partnered with DealSumm, whose AI platform automates document abstraction. The technology will be predominantly used for documentation of leases, loans and easements agreements – bookmarking content against a library of data attributes that have been captured and made accessible, searchable and reportable.
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