Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
Commercial Observer
RodRadar, an Israel-based construction tech startup that uses sensor technology to help construction crews avoid striking underground utility lines, announced Tuesday that it has raised a $6 million Series A round, led by Brick & Mortar Ventures. The contech firm will use the financing to complete product engineering and start selling the technology, said Moshe Dalman, CEO and co-founder….
JLL
JLL (NYSE: JLL) today announced it reached an agreement to acquire Boston-based Building Engines, a market-leading building operations platform that transforms how properties are run, provides exceptional experiences for operators and tenants and improves net operating income (NOI) across the world’s most successful commercial real estate (CRE) portfolios. JLL will acquire Building Engines for a cash purchase price of approximately $300 million. The transaction is expected to close in the fourth…
CREtech
Jesse Carrillo of Hines discusses how the company is piloting new construction technology to account for today’s design needs as well as how each property’s function and design will evolve going forward.
Placetech
Citing a “significant opportunity to scale adoption” amid the growth of hybrid working, JLL Spark has co-led a $9m fundraising round for software that connects access control across buildings around the world.
StateBook
StateBook, a leader in digital, data-driven location intelligence solutions, is pleased to announce the addition of Raj Bhatti to our Advisory Board. “We are delighted to welcome Raj to our board,” said Calandra Cruickshank, CEO of StateBook. “Having someone with his deep experience in commercial real estate innovation, digital product development, and strategic partnerships will be an incredible complement to our rapidly-growing company. We look forward to collaborating with Raj as we contin…
TechCrunch
The decentralized reality of office work after the COVID-19 pandemic continues to drive plenty of startup activity. To wit: OfficeRnD, which makes workplace management software that’s increasingly geared toward helping businesses provide a “hybrid office” model — meaning they’re offering flexible work spaces to staff who want to spend some of their time working out of a shared physical location, not just dial in and work remotely from home.
Newswire
Ivanhoé Cambridge is proud to announce that starting Spring 2022, Place Ville Marie (PVM), one of Montreal’s most iconic and prestigious real estate complexes, will offer an innovative flexible workspace solution to its tenants. Located on the 29th floor of 1 PVM, the 11,000-square-foot space will provide a high-quality hospitality experience within a user-centric and connected environment designed to foster collaboration and creativity within its community. The solution will be powered by globa…
Wall Street Journal
Londoners are returning to the office again, and a new wave of green buildings is enabling landlords to charge their tenants a rent premium. To lure back employees, companies are opting for state-of-the-art buildings featuring wellness and leisure facilities with low- or zero-carbon emissions, which younger workers in particular consider vital. Many major U.K. firms also have their own environmental targets to meet.
Wall Street Journal
Real-estate company Zillow Group Inc. ZG 0.84% will stop buying and flipping new houses for the remainder of this year, the company said Monday. The online home-listing platform, which got into the business of buying, refurbishing and quickly selling homes more than three years ago, said it would instead focus on closing existing purchase contracts and selling the homes it has on hand….
Forbes
One side effect of the Covid-19 pandemic was that it forced us, as a global community, to once and for all come to terms with the fact that we are inextricably interconnected on a massive scale. Local actions can have global adverse reactions, tail risks are not as remote as we think, and the world we live in is much more fragile than we thought. The climate crisis that had temporarily taken second place during lockdown is once again front and center on the private and public agenda, as we exper…
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