Latest in Commercial Real Estate Tech News by CREtech

Latest Trends and Insights in Real Estate Technology

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VERO Announces $5 Million Series A Funding Round Led By Eleven Capital And Bienville Capital

PR Newswire
6/24/2021

NEW YORK, June 23, 2021 /PRNewswire/ — VERO, the modern leasing infrastructure for owners and renters, today announced a $5M Series A funding round, jointly led by Eleven Capital and Bienville Capital. Strategic investors, including LeFrak and A&E, also participated in the round. This new investment, which will be used to expand VERO’s centralized product offerings and grow the team, brings the company’s total funding to more than $9M. The new investment will be used to expand the team and …

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Atlanta Co-Living Firm Pivots To Building Affordable Housing Owned By Community

Bisnow
6/24/2021

Two years ago, a local firm jumped into Atlanta’s nascent co-living scene with a project in the Sweet Auburn Historic District in Downtown. Now, that company is changing tact with a $7M Southwest Atlanta mixed-use project with designs to ultimately be owned by the surrounding community.

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Landsec And British Land Get Into BTR

Bisnow
6/24/2021

London’s two largest REITs, which have for the past two decades concentrated on offices and retail, are making their first moves into the build-to-rent sector. Landsec and British Land are both making moves to become developers of large, mixed-use schemes, rather than focusing on two traditional asset classes. Both are in the process of building new assets outside of their recent home territory and redeveloping existing schemes to include new uses. Rented residential is to the fore in both ca…

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Digital tenant experience app HqO expanding in Canada

Renx
6/24/2021

“We enhance physical spaces with digital experiences,” is how HqO chief revenue officer Mark Rosenthal summed up his Boston-based firm’s end-to-end tenant experience operating system for office buildings.

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NEW Trailer! What’s Next in Construction Tech

CREtech+
6/23/2021

Justin Saeheng, Head of Construction Technology at Stanley X, sheds light on how technology is transforming tools, workflow, and creating efficiencies in construction.

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Blackstone Bets $6 Billion on Buying and Renting Homes

The Wall Street Journal
6/23/2021

Blackstone Group Inc. has agreed to buy a company that buys and rents single-family homes in a $6 billion deal, a sign Wall Street believes the U.S. housing market is going to stay hot.

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CANNABIS & CRE: A BUDDING INDUSTRY

Coldwell Banker Commercial
6/23/2021

New green rush? While the Western states mature from the early green rush, cannabis legalization is surging on the Eastern part of the country as states look for economic recovery in the wake of the pandemic. While local laws vary, medical marijuana is legal in 36 states and recreationally allowed in 17 states. Tracking $26 billion in sales for 2021, the legal cannabis industry is expected to reach $46 billion by 2025 (per Marijuana Business Factbook) driven by new markets. States legalizing can…

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It’s Not Just a Strategy, it’s a Mindset: Oxford Properties 4.0

Glenn Felson
6/23/2021

The avalanche of new PropTech solutions hitting the market is without a doubt a great thing for the real estate industry, but it requires a complete overhaul of how real estate owners and managers think about and run their businesses. In the past, property/asset managers made decisions at the local asset level for most technologies that they purchased to operate their building. While that led to quick and nimble decision making, it created a mishmash of disparate systems in each building that …

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Work Flexibility, Popular With Employees, Is Hardly a Holy Grail

The Wall Street Journal
6/23/2021

Many of today’s workers have landed the upper hand when it comes to where and when they work. But no one should get too comfortable. As demand roars back across the U.S. economy and workers are flush with pandemic savings, the little guy is suddenly wielding more power. Zillow, for example, has said it is allowing most employees to permanently work remotely, betting such a policy will yield the best talent….

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Time-saving tech is coming to two new U.S. border crossings

Axios
6/23/2021

Two giant infrastructure projects under construction in San Diego and Detroit aim to expedite the flow of people and goods throughout North America by using connected-vehicle technology.

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