Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
The Real Deal
New York City’s work against climate change could have a new center of power at Governors Island, where a partnership of real estate and consulting companies is set to open a research and training facility.
Coin Telegraph
Decentralized mortgage lender Bacon Protocol has minted its first seven mortgages as nonfungible tokens, or NFTs, offering investors and borrowers new options for accessing the residential mortgage market.
Property Week
As world leaders turn their attention to tackling climate change following COP26 in Glasgow and governments develop key commitments, this is an opportunity for industry to step up and do its part. Because if there is one thing we have learned from recent climate research, it’s that we do not have time to waste.
CREtech
Jay Olshonsky, President & CEO of NAI Global, discusses the future of what purchasing commercial real estate could look like going forward, and how brokers will be affected by these changes.
The Real Deal
A historic year for proptech fundraising has produced another unicorn. Lessen, a real estate management platform that connects property owners and operators to electricians, cleaners and other service providers, raised $170 million in a Series B round, pushing its total funding so far to $214 million — nearly quadruple its previous fundraising — and valuing the two-and-a-half year-old company at more than $1 billion….
Medium
In late October, Facebook CEO Mark Zuckerberg announced Meta would be the new name for the US tech giant. It gives a less-than-subtle nod to the metaverse, which Zuckerberg identified as the future of the organisation and tech-enabled social networking more broadly. At the same time, Google Trends saw a surge of online interest in the topic (see below chart). The metaverse is a familiar concept to the Pi Labs investment team and wider PropTech ecosystem. Generally, the metaverse is broken into …
Reuters
A patch of virtual real estate in the online world Decentraland sold for a record $2.4 million worth of cryptocurrency, the buyer crypto investor Tokens.com (COIN.NLB) and Decentraland said on Tuesday.
TechCrunch
Talent Garden is a sort of “European-WeWork-meets-General-Assembly” in that its business model is a combination of co-working spaces (in places like Italy, Austria, Romania, among others) plus online/offline digital courses. It’s also a post-Series B company (its last round was $73.5 million), having raised from investors such as 500 Startups and Social Capital. It’s now upping its game further with the acquisition of a majority (54%) stake in Hyper Island — a place some Europeans regard as the …
The Real Deal
Turkeys haven’t yet hit ovens, but this year’s investments in the proptech sector have already broken the industry’s record. The sector received $9.5 billion from investors and venture capital as of mid-November, according to CB Insights data reported by the Wall Street Journal. That figure breaks the record previously set two years ago, when $9 billion was raised in 2019.
Placetech
Building connectivity ratings system WiredScore has expanded to 12 new countries in Europe as it releases research into the continent’s connectivity and working habits.
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REGISTRATION IS OPEN FOR EUROPE 2030: SHAPING THE FUTURE OF THE BUILT WORLD IN LONDON ON JULY 1, 2025