Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
Forbes
Can a new CEO, half a billion dollars and the support of some of Utah’s most successful entrepreneurs push a longtime under-the-radar software business into the global ranks of software breakouts? Eighteen-year-old Entrata, a maker of property management software, is about to find out.
The Wall Street Journal
General Motors Co. plans to expand its offices in Southern California with the opening of a new tech campus next year, reinforcing its need for additional physical space as many companies shift more permanently to remote work. GM said Tuesday the new $71 million campus, which will replace its existing design center in North Hollywood, Calif., will allow it to grow its workforce in the area and help it expand business ventures related to electric and self-driving cars. It will be located on an…
The Wall Street Journal
Related Cos., one of the largest owners of affordable housing in the U.S., is acquiring as much as a 9% stake in healthcare provider CareMax Inc. as part of its plan to develop scores of senior health centers in underserved urban communities throughout the U.S. Related, a developer of office buildings, malls and upscale apartments as well as affordable housing, will act as an investor, adviser, developer and, in some cases, landlord of CareMax health centers. As part of the deal, Related will…
TechCrunch
Ask anyone who runs a fulfillment/warehouse robotics company what companies’ top motivation is for embracing automation and they’ll probably cite labor shortages or shipping speeds. The looming truth of the matter boils down to one word: Amazon. And while it’s true that smaller businesses are feeling the worst crunch, no one is immune to the online retailer’s dominance. Not even Walmart.
Bisnow
A crowdfunding platform called School of Whales launched June 25, aiming to let people with limited funds begin investing in commercial real estate, but it was no easy task for the platform’s principals. The founders who made School of Whales a reality, allowing people to invest in CRE with as little as $500, worked for two years to build out the platform and comply with financial regulations, and two of them took time to discuss the process with Bisnow.
The Real Deal
Compass is getting into the digital mortgage origination business. Three months after its initial public offering, the brokerage on Tuesday launched OriginPoint, a partnership with nonbank lending giant Guaranteed Rate….
PlaceTech
The flexible office software provider has raised about £30m in net proceeds through a primary share placing – with an open offer for an additional £2m underway.
Colliers
Global innovation and digital investment enable clients to achieve sustainability goals TORONTO, CANADA, July 14, 2021 – Leading diversified professional services and investment management company Colliers (NASDAQ and TSX: CIGI) announced today a global strategic partnership with Measurabl, a widely adopted environmental, social, and governance (ESG) data management solution for commercial real estate. In doing so, Colliers augments its Property Management offering with ESG data management an…
Altus Power
Transaction to generate gross proceeds of approximately $678 million to the company, including a $275 million fully-committed common stock PIPE, anchored by CBRE Group, Inc. and existing investors, Altus Power management and Blackstone Credit, as well as new investors, including ValueAct Capital, Liberty Mutual Investments and other leading institutional investors
Axios
There are emerging hubs all over the U.S. and Canada pulling tech talent away from the superstar cities — but the tech centers are holding onto their dominance, according to a new analysis from the commercial real estate firm CBRE.
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