Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
PlaceTech
Home to lively nightlife and thronging pubs, Berlin has earned the title of Europe’s hippest city. But there’s much more to the Berlin bubble: a collective determination to come together to pick up and build an open society after the fall of the Berlin Wall, writes Martin Pietzonka.
Globe Newswire
TEMPE, Ariz., June 09, 2021 (GLOBE NEWSWIRE) — First Solar, Inc. (Nasdaq: FSLR) today announced that it will invest $680 million to expand America’s domestic photovoltaic (PV) solar manufacturing capacity by 3.3 gigawatts (GW)DC annually, representing an implied capital expenditure of approximately $0.20 per watt. The company intends to fund construction of its third US manufacturing facility, in Lake Township, Ohio, with existing cash resources.
TechCrunch
Branch Insurance, a startup offering bundled home and auto insurance, has raised $50 million in a Series B funding round led by Anthemis Group. Acrew, Cherry Creek Holdings and existing backers Greycroft, HSCM Bermuda, American Family Ventures, SignalFire, SCOR P&C Ventures, Foundation Capital and Tower IV also participated in the round. With this latest financing, Columbus, Ohio-based Branch has raised $82.5 million in total funding since its 2017 inception….
Wealth Management
A recent headline on Bloomberg read, “Employees are quitting instead of giving up working from home.” The article, which highlighted a handful of white-collar Americans who walked away from their jobs when their employers required them to return to the office, supports the notion that work from home (WFH) might be here to stay, at lease for some employees….
JD Supra
When you think of adaptive reuse, you likely associate it with turning a rustic barn, an old-time firehouse or former chapel into a cottage, modern loft or chic house. More broadly, however, adaptive reuse is any redesign, renovation or reuse of existing built space originally dedicated to one use but then repurposed for another. In the context of propsci, which we define as space that caters to technology, medical and life sciences use, this may mean repurposing a building originally intended t…
PR Newswire
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….
WSJ Pro
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.
The Real Deal
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….
SmartCitiesWorld
Edinburgh wants to enable residents to meet their daily needs within 20 minutes of their homes by walking, using public transport, wheeling or cycling.
GeekWire
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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REGISTRATION IS OPEN FOR EUROPE 2030: SHAPING THE FUTURE OF THE BUILT WORLD IN LONDON ON JULY 1, 2025