Latest in Commercial Real Estate Tech News by CREtech

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Greentown Labs, Saint-Gobain, and MassCEC Announce the Healthy Buildings Challenge Startup Participants

PR Newswire
10/23/2021

Greentown Labs, the largest climatetech startup incubator in North America, Saint-Gobain, a multinational manufacturer and distributor of high-performance materials, and the Massachusetts Clean Energy Center (MassCEC), an economic development agency dedicated to accelerating the clean energy sector across the state, have selected five startups for the Healthy Buildings Challenge that are developing technologies that advance building sustainability and wellbeing for building occupants. The latest…

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AirGarage, a full-stack parking operator, raises $12.5M in round led by a16z

TechCrunch
10/23/2021

Parking can often feel almost laughably old-fashioned, with some lots still hiring an attendant to collect fees and check for valid tickets. Even when parking lot owners try to modernize — using an app, for example, or a credit card machine to take payment — they must deal with a whole array of providers to manage hardware, payment processing and marketing, all separately.

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Leveraging Data in Retail, Part 2

CREtech
10/23/2021

Ami Ziff of Time Equities relates utilizing technology to learning to ride a bike, and shares how his team overcomes both new and old technology hurdles.

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More Awareness Than Preparedness: CRE Falls Behind On Flood Resiliency As Risk Rises

Bisnow
10/23/2021

Acknowledgment of climate change and the risks it poses for property owners and investors, especially through flooding, is growing, and through a major new Federal Emergency Management Agency policy change involving flood insurance, the federal government is adding to that awareness.

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The Market for Single-Family Rentals Grows as Homeownership Wanes

New York Times
10/23/2021

House hunters are attracted to the hassle-free living and lack of down payments, but there’s a trade-off: They give up the investment of owning a home.

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Fast-Growing, Smart-Access Technology Zerv Secures $15 Million in Series A Funding

Taronga Group
10/23/2021

Top tech investors are putting their confidence in Zerv Access Solutions as the company secures $15 million in funding to continue its goal of digitizing and streamlining access and security systems with limitless applications.

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Blackstone, Brookfield back VTS Market’s UK launch

Placetech
10/21/2021

VTS, the global proptech software provider, has launched its marketing and leasing platform VTS Market in the UK, having signed up several industry-leading asset managers.

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HqO and Office App join forces in $500m business

Placetech
10/21/2021

Two leading US and European tenant experience platforms are set to merge, with HqO announcing its acquisition of Office App to create a company valued at more than $500m.

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WeWork stock starts trading, two years after an aborted I.P.O.

New York Times
10/21/2021

Two years after WeWork’s attempt to become a public company flamed out spectacularly, the co-working giant started trading on the stock market on Thursday, hoping that investors will now believe in its prospects.

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Proptech neo-lender Proportunity raises $150M mixed debt and equity round

TechCrunch
10/21/2021

You’ve heard of neobanks. Meet the neolender. One of the newest is London-based Proportunity. It’s now raised a $150 million mixed debt and equity funding round ($7 million equity financing and $143 million in debt), on top of its $10 million debt round in 2020. The round was led by VentureFriends, Kibo Ventures and existing investors Anthemis, Entrepreneur First as well as new U.K. proptech investors Amro Partners. The startup plans to use this funding to grow its team, as well as increase its…

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