Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
PlaceTech
The growing emergence of flexible, intelligent robots is finally making automation in logistics viable, Pi Labs has said after investing an undisclosed amount in Europe’s largest robotics marketplace platform.
The Mercury News
SAN JOSE — A shopping spree for Silicon Valley buildings in tech hotbeds has widened with the purchase of a San Jose building leased to a telecommunications equipment maker. Peninsula Land & Capital has spent $165 million in recent days, including the real estate firm’s most recent building purchase in north San Jose, according to documents filed with officials in Santa Clara County and Alameda County.
Bisnow
An office building in a small city in England is the first in the world to be given a rating classifying just how smart it is. The 200K SF EQ office development in Bristol, in the south west of the UK, is the first building in the world to be given a SmartScore certification by WiredScore, the building rating and certification company. The building is managed by developer and investment manager CEG and achieved a SmartScore gold rating….
CNN
San Francisco (CNN Business)Less than three months after announcing that its employees would be required to come back to the office at least three days a week, Uber is backtracking. The ride-hailing company will give its global office workers the option to apply for fully remote work or choose from a list of other offices instead of their pre-pandemic location, the company’s chief people officer, Nikki Krishnamurthy, said in a blog post Tuesday….
The Wall Street Journal
Your next load of groceries may be moved by a modern-day bionic man or woman. The U.S. supply-chain arm of supermarket-owner Koninklijke Ahold Delhaize NV is expanding its use of a newer type of wearable robotic technology that workers strap on to help ease the strain of lifting heavy boxes all day.
Bisnow
Technology and trust. One functional and rational, the other one of the most fundamental human emotions, something that bonds us together. Those are the two things needed to make the hybrid office work.
The Real Deal
ShipBob, a logistics company that provides shipping and delivery services for e-commerce companies, raised another $200 million in funding, taking the company to virtual unicorn status.
The Wall Street Journal
Venture-backed startup Katerra Inc. aimed to revolutionize the construction business by mastering every element of the trade at once. Instead, its June bankruptcy filing made clear just how difficult it is for Silicon Valley to disrupt this complex industry.
Bisnow
A business services division of Brookfield Asset Management has paid $5B for a company that manufactures modular workspaces and homes. Brookfield Business Partners has bought London-based Modulaire Group from fellow private equity firm TDR. The deal is expected to complete in the fourth quarter….
The Real Deal
Property management firm Home365 closed a $16.3 million funding round led by Canadian magnate Alan Greenberg’s venture capital fund. The Santa Clara, California-based startup secured the funding from Greenberg’s Greensoil PropTech Ventures and from existing investors including Eyal Ofer’s O.G. Tech, Verizon Ventures, Lool Ventures and North First Ventures….
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