Latest Trends and Insights in Real Estate Technology

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  • Yardi set to become majority owner of WeWork in $450 million bankruptcy exit agreement

    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.  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…

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  • Geothermal heating systems contribute to the environmental improvement of urban structures

    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…

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  • BlackRock and Temasek Secure $1.4 Billion for Growth Fund Focused on Decarbonization

    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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  • Nine Strategies for Cities to Reduce Carbon Emissions in Construction

    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.  Today, the World Economic Forum’s Centre for Urban Transformation unveiled a report showcasing innovative approaches by leading cities to slash carbon emissions from urban development projects. As cities worldwide expand, construction activities surge, with global floor area projected to double by 2060. The report, titled “Reducing Embodied Carbon in Cities:…

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  • Navigating Sustainability: CREtech London Panel Session “Decarbonisation Without Carbon Tunnel Vision” to Address Real Estate’s Balancing Act

    CREtech

    Reimagine the Built World at Europe’s Leading Real Estate Innovation and Sustainability Conference & Expo London, April 24, 2024 – As the urgency of decarbonisation intensifies, the real estate industry faces a critical challenge: How can companies meet decarbonisation targets while preserving the unique essence of their spaces, places, and buildings? CREtech London is proud to present a panel session that tackles this pressing issue titled “Decarbonisation Without Carbon Tunnel Vision.” …

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  • CoStar Group to Purchase Matterport, Leading Global Provider of Immersive 3D Digital Twins and AI for Real Estate

    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.  CoStar Group, a leading provider of online real estate marketplaces, has announced its acquisition of Matterport, a pioneer in 3D capture solutions for real estate, in a deal valued at $1.6 billion. Matterport’s technology allows for the creation of immersive virtual tours, enhancing property marketing and management. With over 12 million spaces captured wor…

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  • Real Estate Decarbonisation Platform Accacia Raises US$6.5m Pre-A Round Led by Illuminate Financial

    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.  SINGAPORE, 22 April 2024 —  Accacia, a decarbonisation platform focusing on the Real Estate and Infrastructure sectors, has closed a US$6.5m pre-Series A round led by Illuminate Financial – a specialist VC firm focused on enterprise fintech companies building solutions for the financial services industry with offices in New York, London and Singapore. Southe…

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  • Blackstone’s profits surge as investment titan anticipates revival in commercial real estate sector

    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.  Blackstone, a global leader in commercial property ownership, remains optimistic about capital investments despite uncertainties surrounding potential interest rate cuts by the Federal Reserve. The firm, managing over $1 trillion in assets, reported positive performance in its real estate segment for the first quarter, with both opportunistic and income-prod…

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  • Redimension Makes Strategic Investment in Re-Tec Solutions

    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.  RE-TEC Solutions, a PropTech company revolutionizing retail property asset management, has secured a strategic investment from the REdimension Real Estate Technology and Sustainability Fund. This investment marks a significant milestone for RE-TEC, enabling the acceleration of its platform development roadmap and strengthening its growth strategy in South Af…

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  • CREtech New York Partners with MetaProp to Become Official Flagship Event for New York City Real Estate Tech Week

    CREtech

    New York City, NY – April 18, 2024 – CREtech, the leading global technology and sustainability conference company devoted to Reimagining the Built World, proudly announces its partnership with MetaProp’s New York City Real Estate Tech Week (NYCRETW), with CREtech New York established as the official flagship event. For the 9th consecutive year, New York City will host one of the most anticipated gatherings in the world of real estate technology from November 11th through 15th. MetaProp’s NYCR…

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