Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
Bisnow
In 2015, during California’s last years-long drought, then-Gov. Jerry Brown mandated that Californians cut back water use by 25%. The effort more or less worked, resulting in residents reducing their water use by 24.5%, but it had lasting effects. Water use today is 16% lower than it was in 2013….
Axios
Retail stores of all sizes are turning part of their real estate footprint into logistics and fulfillment centers as they try to blend in-store shopping with e-commerce offerings.
Yahoo! Finance
Solar power is no longer an environmentalist’s fantasy but can be an investor’s dream. It is cheap, reliable, and often generated just feet away from the end user. Imagine a business at the forefront of the solar revolution backed by two of the world’s most powerful real estate players – The Blackstone Group, Inc. and CBRE Group, Inc. – to drive growth forward.
GlobeSt
There was a time when UDR employed a full team of leasing professionals on a busy Saturday afternoon to handle a few dozen renter prospect tours for a single multifamily community.
Bisnow
SquareFoot has acquired Transcend Commercial Real Estate Brokerage’s commercial real estate brokerage arm for an undisclosed sum in a deal that closed last week, Bisnow has learned. The purchase gives SquareFoot a beachhead to expand farther into the Southeast after raising $16M in Series B funding more than a year ago. “When he showed [SquareFoot’s software platform] to me and I got to play around with it, it just blew me away,” Braswell said. “It’s the superior platform to anything that I’v…
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….
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….
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.
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.
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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