Two new mega-funds pile into climate-focused fund frenzy

TPG has amassed private equity’s largest war chest dedicated to technology aiming to curb climate change amid a growing scramble by investors drawn to one of the world’s foremost global challenges. Texas-based TPG said Tuesday it has landed $5.4 billion in funding for the first close of its new Rise Climate Fund, and is still targeting a total of $7 billion, up from an initial goal of $5 billion. Hank Paulson, formerly a Treasury secretary and CEO of Goldman Sachs, serves as executive chairma…

Commercial-Property Sales Volume Returns to Pre-Pandemic Levels

U.S. commercial real-estate sales this year have rebounded to pre-pandemic levels, fueled by historically low interest rates and the belief of many investors that the worst of Covid-19 is over. But the commercial-property sales landscape looks a lot different than it did before the health crisis hit in early 2020. Cities including New York and San Francisco have fallen in favor as have property types such as downtown office buildings and convention hotels.

WATCH NOW! Technology for Sustainability in the Built World, Part 1

Brad Dockster, Founder & CEO of Green Generation joins the Tech Talks with insights on driving up asset value with technology, and risk mitigating technology.

CREtech Tech Consultants Are Producing Best-In-Class Tech Solutions for The World’s Top Real Estate Firms

June 15, 2021 — CREtech (cretech.com), the largest media company devoted to covering the real estate technology sector, announced that its CREtech Consulting Practice has been supporting the world’s top real estate firms to generate significant returns on investment by adopting tech solutions within their portfolio. CREtech’s Global Innovation Consulting practice enables clients to reimagine their Real Estate business by advising on specific digital solutions, providing overall innovation str…

MAG USA And Jabbrrbox Announce A New Cobranded Product: Escape Pods – Part Of The Jabbrrbox Network

CHICAGO, ILLINOIS (JULY 22, 2021) – MAG USA and Jabbrrbox are partnering together to introduce Escape Pods – part of the Jabbrrbox network and expand upon the existing network of 16 pods across 8 US airports, signaling continued rapid growth for both companies and confidence in this popular product. Travelers will be delighted to hear that 50 additional Escape Pods will be rolled out across the United States by the fall of 2021 and the existing network will be cobranded as Escape Pods – part of …

THE PROPCAST IS BACK!

In the last 5 seasons we have made the list of the top 10 podcasts in property and the global charts, and have brought on some great guests from across the Proptech sector. We hope to continue bringing you insight from the industry as we uncover more revolutionary ways tech is evolving the way companies operate in the Real Estate market. Tune in every Wednesday morning for a new episode with your host Louisa Dickins and her brilliant line up of guests. Listen to all previous episodes here: ht…

Is CRE technology doing enough for building operations and property management?

NYC approves Revel’s fleet of Tesla taxis, bringing new competition to apps

Moped rental company Revel has the green light to launch an app-based car service in New York for its blue-hued fleet — despite a city policy that tried to nip it in the bud. Revel executives said they plan to launch the service Aug. 2 with 50 baby blue Tesla Model Y SUVs. They’ll offer rides only south of 42nd St. in Manhattan, prime turf for the city’s ailing yellow taxi hacks. …

CBRE to Buy 60% Stake in Turner & Townsend in $1.3 Billion Deal

CBRE Group Inc. has cut a deal to make one of its largest acquisitions ever, paying roughly $1.3 billion, or £960 million, for a 60% stake in Turner & Townsend Holdings Ltd., one of the world’s largest managers of infrastructure, natural-resources and real-estate construction projects.

HqO Gains Momentum with Real Estate Leaders in European Market

HqO Gains Momentum with Real Estate Leaders in European Market Top Real Estate Companies Rely on HqO to Provide Superior Tenant Experiences BOSTON – July 27, 2021 – HqO, the only tenant experience operating system for office buildings, has partnered with asset managers to power over 13 million square feet of commercial real estate (CRE) in Europe. This year alone, HqO acquired nearly 8 million square feet of new business in the U.K. and over 2 million square feet in France. HqO is…