Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
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….
The Wall Street Journal
Security-system provider ADT Inc. is betting on its partnership with Google’s smart-home business to increase revenue as it struggles to turn a profit three years after going public. The company, best known for its home alarm systems, last summer announced the deal with Google, whose Nest business makes thermostats and smoke detectors that customers can monitor from their phones. Under the agreement, Alphabet Inc.’s Google invested $450 million in the Boca Raton, Fla.-based firm, taking a 6.6…
Curbed
Since it took off about a decade ago, the co-living industry has gone to great lengths to sell an image of communal bliss: not just a sleek furnished bedroom in a hassle-free apartment share, but housing as a means to creative, social, professional, and even spiritual fulfillment. Pure House, for example, boasted of designing “experiences that empower our members to thrive.” Starcity claims to be “bringing community back to the city.”…
The New York Times
Even as life returns to many New York City neighborhoods, its big commercial districts are awash with empty office space. Most workers haven’t yet returned — and it’s unclear if they all will. That uncertainty is terrifying the city’s biggest office landlords, and many of them are going to great lengths to retain and attract tenants.
Medium
New York, NY (June 29, 2021) — Toggle, a leading construction robotics company using automation to optimize rebar assembly for reinforced concrete construction, today announced the closing of an $8 million Series A funding round. The new funding will allow Toggle to scale their production capacity, including opening a new, 50,000 square-foot production facility and growing the team. Tribeca Venture Partners led the round of financing, and is joined by Blackhorn Ventures, Point72, New York State …
TechCrunch
Side, a real estate technology company that works to turn agents and independent brokerages into boutique brands and businesses, has raised “$50 million-plus” in a funding round that more than doubles its valuation to $2.5 billion.
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