Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
Bisnow
One of North America’s largest pension-backed real estate companies has been privately developing artificial intelligence that quantifies the value of a property down to every tree, blade of grass and speck of dirt, in an effort to drive smarter investment decisions.
Dallas News
Founded in 2018 by CEO Kyle Waldrep, the company’s software contains visual tools for tracking office, retail and industrial real estate transactions from vacancy to tours and deal signing to move-in. It has doubled square footage tracked in its platform to more than 20 million since the beginning of this year.
Wall Street Journal
GS Growth, a unit of the bank that buys stakes in maturing startups around the world with the firm’s money, spent recent months courting outside investors, according to people familiar with the matter. Its first client fund, West Street Global Growth Partners, raised more than $3 billion by early May, capital that will be invested in fast-growing closely held companies in the financial-technology, business-software, consumer and healthcare sectors, the people said.
CoStar News
(This story was updated May 20 to identify Colony Capital’s portfolio as including $49.9 billion in assets under management, including $20.6 billion in digital assets, in March 2020.) Colony Capital’s almost $1 billion agreement this week to acquire assets of Landmark Dividend is just the start of a planned $3 billion to $4 billion in digital acquisitions by the company across four newly created real estate investment platforms, as it sells off legacy properties including hotels and industrial s…
Bessemer Venture Partners
Tooey’s path into entrepreneurship was unorthodox. He was a veteran of the first dot-com bubble, living in Santa Barbara, and had spent a decade struggling to get widespread adoption of Procore. A few times in those early years, the company even struggled to make payroll.
AXIOS
The demise of the office was predicted in the early days of pandemic lockdowns. But the prospect of downtown business districts turning into modern ghost towns is now looking much less likely.
CREtech+
From accelerators to late stage investors, our three expert panelists will share their near and long term perspectives on the impact of the pandemic as well as offer suggestions to entrepreneurs and startups to help them navigate today’s venture capital market. Moderated by CREtech CEO, Michael Beckerman, this panel discussion is a must watch for everyone that wants to succeed in real estate tech. …
Lane
In this report, we explore how leaders in commercial real estate can go beyond room bookings to create a thriving flexible workspace offering that keeps customers coming back.
The Real Deal
As more Americans get vaccinated, the return-to-office movement is gathering steam. Companies that a month ago were merely speculating about recalling workers are now setting firm deadlines.
CREtech Climate
New York, NY (May 20, 2021) — CREtech Climate (cretechclimate.com), the largest platform devoted to educating and inspiring investment in climate tech, sustainability and ESG throughout the Built World, published today the findings from a survey CREtech conducted in partnership with the Urban Land Institute and Fifth Wall. The survey results, released in a report titled The Future of Real Estate Investment in Climate Tech, provide insights on the trajectory of climate tech within the industry. …
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