Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
GlobeSt
PropTech company June Homes, which uses algorithm technology to assist mom-and-pop owners and apartment residents find economically viable rental matches, announced this week that it has raised $50 million in total funding.
Wall Street Journal
Amazon.com Inc.’s AMZN 1.06% planned department stores will aim to boost its apparel sales by offering shoppers a chance to try on clothes from its own private-label brands in technology-fueled dressing rooms, according to people familiar with the matter….
Wall Street Journal
The Covid-19 pandemic has supercharged the role of chief information officers, accelerating a shift from backroom technicians to front-office decisionmakers, as companies’ operations are increasingly shaped by technology.
Bisnow
The Collective, the co-living company with ambitions to build a 100,000-unit portfolio, is in line to be broken up by its lenders after falling into administration because it could not meet its liabilities. The London-based company with a transatlantic portfolio collapsed into the UK equivalent of Chapter 11 bankruptcy last week when reduced occupancy caused it to fall short of the income needed to meet debt it took on to fuel a rapid expansion just before the coronavirus pandemic….
Placetech
From more cost-effective designs to affordable workspace management, Sidewalk Labs is building up a suite of tools to make developers’ lives easier – and greener. “What we do is develop products and places to radically improve quality of life in cities for all,” says Jesse Shapins, senior director of urban development at Sidewalk Labs, the urban innovation arm of Google’s parent company Alphabet. Central to this, he adds, is addressing the climate crisis.
CREtech
Travis Putnam of Navitas Capital discusses differentiating factors he sees in successful startups and founders, and why he believes it is so important to stay open to making mistakes.
Procore
Procore Technologies, Inc., (NYSE: PCOR), a leading provider of construction management software, has signed a definitive agreement to acquire Levelset. This acquisition will add lien rights management to the Procore platform, enabling Procore to manage complex compliance workflows and improve the payment process in construction. It also presents future growth opportunities for Procore, including capitalizing on the companies’ complementary data assets….
The Real Deal
Compass said it’s acquiring a Colorado title and escrow company, expanding its reach into eight states just one week after buying a firm in Texas.
CRETech
New York, NY (September 23, 2021) — CREtech, the world’s leading community of professionals devoted to technological innovation in the real estate sector, releases agenda to their in-person real estate technology conference, CREtech London, taking place this 27 & 28 October. The conference is anticipated to bring together over 1,000 of the world’s premier real estate professionals, and will feature two stages full of cutting-edge content showcasing notable tech, venture and real estate spea…
Placetech
Tapping into demand for flexible accommodation, JLL has launched a short-term rental service to compete with Airbnb and Booking.com.
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