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Spruce Raises $60 Million in Series C Funding Led by Zigg Capital

PR Newswire
6/10/2021

NEW YORK, June 2, 2021 /PRNewswire/ — Spruce, the proptech company powering online real estate transactions, today announced a $60 million Series C funding round led by Zigg Capital. Existing investors, including Bessemer Venture Partners and Scale Venture Partners, also participated. This latest investment, which will be used to build upon Spruce’s leading title and residential closing technology offerings to help its clients grow, brings Spruce’s total funding to $110 million….

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Zigg Capital Raises $225 Million to Invest in Real-Estate Tech Market

WSJ Pro
6/10/2021

Zigg Capital, a venture firm focused on real-estate technology, has raised a second fund that is more than twice the size of its previous fund, despite the challenges the sector has faced during the coronavirus pandemic.

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Common takes over Starcity’s co-living portfolio

The Real Deal
6/9/2021

Consolidation of the co-living market is accelerating. Common, among the fastest-growing co-living landlords, has reached an agreement with its former rival Starcity to take over management of the bulk of Starcity’s portfolio — about 7,500 units including both operating and pipeline units — around the globe, Common confirmed with The Real Deal. The acquisition came only several months after Starcity’s acquisition of Ollie, another co-living startup….

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Edinburgh aims to create 20-minute neighbourhoods

SmartCitiesWorld
6/9/2021

Edinburgh wants to enable residents to meet their daily needs within 20 minutes of their homes by walking, using public transport, wheeling or cycling.

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WeWork shutting down Ballard location in Seattle as it restructures real estate footprint

GeekWire
6/9/2021

WeWork is closing its location in the Ballard neighborhood of Seattle less than two years after the space opened as the office-sharing company restructures its real estate footprint amid continued fallout from the COVID-19 pandemic.

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TPG-Backed PropertyGuru Eyes $2 Billion Thiel SPAC Deal

Bloomberg
6/9/2021

Bridgetown 2 Holdings Ltd., the blank-check company backed by billionaires Richard Li and Peter Thiel, is in advanced talks to merge with Singapore’s online real estate firm PropertyGuru Pte, according to people with knowledge of the matter.

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Livly Expands Internationally into Student Housing in New Partnership with CA Ventures

PR Newswire
6/9/2021

Livly, the Chicago-based technology company bringing a unified operating system to multifamily residential properties nationwide, today announced the launch of its new partnership with CA Ventures (“CA”), a leading global real estate investment management company with over $13 billion in assets. The two companies will partner on the launch of the Livly digital platform within CA’s student living portfolios globally….

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We still need conference rooms. Here’s what they should look like post-pandemic

Fast Company
6/9/2021

Not so long ago, there were all sorts of predictions about what the future of the office would look like. Open-space floor plans were facing some backlash and some experts were predicting that big conference rooms would give way to smaller, enclosed spaces and “huddle” areas where groups could work closely together….

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essensys Appoints Brian Brown as VP of West Coast Business Development

essensys
6/9/2021

Head of Flex Workspace+ for Irvine Co. joins essensys May 24, 2021 — New York, NY – essensys, the leading global provider of software and technology to the flexible workspace industry, announces the appointment of Brian Brown as Vice President of their West Coast business development team. Brian brings with him vast experience in asset management and delivering flexible office solutions. He most recently led Irvine Co.’s Flex Workspace+ offering across its 50 million square foot national …

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A Supertall Modular Hotel Is Going Up in Manhattan, if the Rooms Ever Leave Brooklyn

The Wall Street Journal
6/9/2021

The world’s tallest modular-construction hotel was created to rise 26 stories over Manhattan. The guest rooms were built in a Polish factory and arrived fully finished in New York, where they would be stacked in a matter of weeks.

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