Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
The Real Deal
Compass shares fell to a new low, dropping below $10 for the first time on Monday. The stock opened at $10.39 before dropping to $9.58 by 2 p.m. It’s the lowest the brokerage has traded and is 52 percent below the company’s debut price on April 1 on the New York Stock Exchange after its initial public offering.
Bisnow
If you own an office property in London or are thinking about buying one, it is almost certain that you’ve got something on your mind: How do I make sure this building will meet coming government sustainability regulations?
TechCrunch
Looking for a new apartment is either a leisurely thing to do or something that has to take place quite quickly. When you don’t reach anyone in the leasing office, you often move on to the next one on the list, even if it was one you would have considered. Zuma wants to ensure that any reach out for information is answered in minutes versus days. Today, the company, which adds artificial intelligence to sales engagement, exited its beta phase with $6.7 million in seed funding led by Andreessen …
Inc
For 40 years, Starbucks has built a business on the premise that it could be the “third place” for its customers. While Starbucks didn’t invent the concept, Howard Shultz, the former CEO, was heavily influenced by the idea and set out to create an experience for customers that was about more than just a cup of coffee….
Businesswire
Cohesion, a leader in smart building and digital twin SaaS technology, raised $15 million in its Series A financing round co-led by Morgan Stanley Next Level Fund and Hyde Park Angels (HPA), which closed Friday.
REACH
REACH leverages 100 worldwide bilateral partnerships in 85 countries and an unparalleled network of executives within real estate and adjacent industries. Second Century Ventures’ REACH program manages a portfolio of over 82 technology companies.
EU Startups
Proptech firm, Zazume, launched just this year, has secured €2.5 million investment in a seed round led by London-based Nordstar. Picus Capital, Plug&Play and a group of business angels also participated.
Canary Media
The chemical reaction at the heart of today’s cement-manufacturing process is a major reason why the production of this essential building material accounts for an estimated 7 percent of global carbon dioxide emissions from energy and industrial sources.
CREtech
Anjee Solanki shares some of the leading technology tools and workflows that gives Colliers an edge in retail real estate.
Construction Dive
Four former senior staff members at Katerra, the offsite construction firm that declared bankruptcy earlier this year, have landed new roles with a London-based construction technology company. The former Katerra directors joined U.S. operations last month at Modulous, which is opening its first U.S. office in the Seattle region. The contech company offers a digitized platform to modernize the design and construction process of modular housing. At its peak in early 2019, Katerra reached a …
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