Green SPACs Struggle After Years of Success
The Wall Street Journal
SPACs and green companies were two of the hottest pandemic investments. Combining the two—green SPACs—has been even more profitable, but there is evidence this is changing.
Latest Trends and Insights in Real Estate Technology
Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
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Airbnb, Vrbo Battle for More Vacation Cabins as Travel Rebounds
The Wall Street Journal
Vacation-rental brands are jostling to persuade owners to list homes on their sites as properties are in short supply in certain outdoor destinations.
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Hotels ‘On A Path’ To Pre-Pandemic Occupancy Levels
GlobeSt
After a 14-month lull, the Transportation Security Administration is clocking daily traveler numbers in excess of 2 million—the first time since March 7, when the COVID-19 pandemic began gripping the nation. And that increase in air travelers is evident in the hospitality sector’s continued recovery, which has been apparent across multiple data points.
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Cherre and StateBook Announce Partnership to Integrate Comprehensive Economic Data into Real Estate Analytics Platform
PR Newswire
NEW YORK, June 16, 2021 /PRNewswire/ — Cherre, the industry’s leading real estate data management and analytics platform, today announced a partnership with StateBook, a provider of comprehensive economic market data for every community in the U.S. This new partnership will enable joint customers to easily integrate StateBook’s rich economic data into their Cherre data and analytics warehouse, providing deeper property and market insights for better decision making….
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WATCH NOW: How Technology is Changing the Multifamily Experience, Part 3
CREtech+
Jeff Kok, CIO at Mill Creek Residential discusses the value of technology companies who are fully committed to their products and solutions, and what he’s most excited about for the future of technology in multifamily residences.
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Designing a Global Real Estate Portfolio for a Changing Workplace
Metropolis
“The power has gone from the employers to the employees,” said Paul Jaskowiak, global director of real estate for Kantar, a 30,000-head international consulting and data company. “Now, post COVID-19, the office has to be a place of destination, an experiential place for the employee.”
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Overdevelopment is threatening ‘Everybody’s Hometown,’ Media residents say
WITF-FM
(Media) — It’s 2021, and yet Media, Pennsylvania, has largely maintained that quintessential small-town feel, where everyone knows everyone else. Home to fewer than 6,000 people, the Delaware County seat has long been characterized by its residents as “Everybody’s Hometown.” They point to the many parks, the welcoming downtown area, and the neighborly environment as evidence of the borough’s reputation and sustained success.
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1 big thing: BlackRock beefs up its climate modeling
Axios
BlackRock, the world’s largest asset manager, said Thursday it’s acquiring a London-based consulting firm’s climate modeling system, Andrew writes.
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CRE Simple’s deal-making tech platform acquired by Arizona broker in bankruptcy auction
The Business Journal
The core technology behind CRE Simple Inc., a venture-backed Oakland real estate technology startup that filed for Chapter 7 earlier this year, has a new owner. Habanero CRE Simple LLC, an entity formed in Arizona, purchased the proprietary source code for CRE Simple’s deal-managing platform for $121,000 at a bankruptcy auction earlier this month. The sale closed June 7, according to records from the U.S. Bankruptcy Court for the Northern District of California….
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Trinity Closes Oversubscribed Hospitality Fund
GlobeSt
“Closing our inaugural US discretionary commingled fund represents an important milestone for Trinity as it continues our evolution from a deal-by-deal investor to a global fund manager,” said Sean Hehir, managing partner, president, and CEO of Trinity, in a prepared statement.
