Latest Trends and Insights in Real Estate Technology

Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.

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  • Tesla reportedly moving out of malls, dealing another blow to shopping center owners

    CNBC

    Tesla showrooms have been a staple of many high-end shopping malls, but that could be changing. The electric car maker is shuttering a number of stores in favor of less-expensive locations, according to a report from Electrek. The decision would mark another shift in Telsa’s retail strategy, which has wavered in recent years. It would also be another blow to America’s mall owners, which have struggled to hang on to tenants and fill vacant storefronts….

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  • Camber Creek Takes Flier on Flyhomes: Exclusive

    Commercial Observer

    In one of the largest rounds raised this year by a proptech company, venture capital firm Camber Creek has closed a $150 million Series C investment in Flyhomes. Flyhomes is a single, integrated platform that packages full-service brokerage, mortgage, titling and other home-buying financial tools. The company says its short-term financing solution turns homebuyers into all-cash buyers, leading to higher acceptance rates and a quicker close….

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  • NEW! Creating Value From Change, Part 1

    CREtech+

    Mandi Wedin, Founder & CEO of Feroce Real Estate, discusses her holistic approach to sustainable investing, and how to create long term value through a focus on ESGR.

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  • Two partners join Pi Labs Fund III

    PlaceTech

    Moorfield Group and Elkstone Partners have become the latest limited partners to join Pi Labs’ third institutional fund, Fund III. By participating in the fund – which announced a €23m first close last year and has already invested in 17 companies – the LPs will be able to trial, pilot and deploy the technology Pi Labs supports across their portfolios.

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  • Green light for London’s ‘most sustainable tower’

    PlaceTech

    Dutch developer EDGE has received planning permission for what it says will be the UK capital’s greenest tower. Designed by Pilbrow & Partners to achieve both BREEAM Outstanding and WELL Platinum certification, EDGE London Bridge is a 27-storey, 260,000 sq ft tower that “promises to maximise the wellbeing of its occupants”, the developer said.

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  • Vacation rental company Vacasa to go public this fall via SPAC merger with TPG Pace Solutions

    CNBC

    The Covid delta variant is not stopping travel company Vacasa from going public. Riding the vacation rental boom, Vacasa is set to go public this fall through a merger with TPG Pace Solutions, a special purpose acquisition company. The $400 million transaction would give the Portland, Oregon based company a $4.5 billion valuation.

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  • This New Company Will Let You Stay in Apartments Around the World for As Little or Long As You Like

    Travel + Leisure

    The rise of the digital nomad has never been stronger. In 2020, nearly 11 million Americans identified as digital nomads, up from 7.3 million in 2019. Though millions more people can now live and work from anywhere, they will need a place to stay. Sentral, a network of urban residential communities, is hoping to fill that gap. In July, Sentral launched a “new category in flexible living that redefines the way people live, travel, and work.” This new category, called Home+, “combines…

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  • HOURS LEFT TO APPLY FOR THE REAL ESTATE TECH AWARDS (RETAS)

    CREtech

    Winners get stage time at CREtech New York or CREtech London this fall! Apply by midnight to the 8th Annual Real Estate Tech Awards (RETAS). Applications take 10 minutes!

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  • Landis raises $165M with funding from Will Smith, Jay-Z–backed company

    The Real Deal

    Will Smith and a company backed by Jay-Z are betting on a startup that seeks to make homeownership easier to obtain. Will Smith’s Dreamers VC and a company backed by Jay-Z’s Roc Nation participated in a $165 million capital raise for Landis, which seeks to help renters become owners. The funding round was led by venture capital firm Sequoia Capital and included debt and Series A equity financing.

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  • Multiplex Successfully Launches Bridgit Bench Across Canada

    Bridgit

    TORONTO, CANADA, JULY 28, 2021 – Bridgit, the leading construction workforce intelligence technology company, announced today that Multiplex Construction Canada Ltd. (Multiplex) has successfully implemented and launched Bridgit Bench across their Canadian operations. Bridgit Bench enables Multiplex to enhance their workforce planning, pursuit tracking, and scenario running.   Established in Australia in 1962, Multiplex has delivered over 1,000 projects around the world, with more than…

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