Latest in Commercial Real Estate Tech News by CREtech

Latest Trends and Insights in Real Estate Technology

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Fifth Wall joins US$290 Million Series B for on-demand grocery delivery startup, Gorillas

Medium – Fifth Wall
4/23/2021

Founded in Berlin in 2020 by Kağan Sümer and Jörg Kattner, Gorillas is an on-demand, ultra-fast grocery delivery company operating in major cities across France, Germany, the Netherlands, and the United Kingdom. The company’s recent US$290 million financing makes it one of the fastest European startups to become a unicorn in a Series B funding round. Fifth Wall is investing alongside a number of fantastic partners including lead investors Coatue Management, DST Global, and Tencent, as well as At…

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Blackstone Notches Record $1.75 Billion Profit as Growth Strategy Pays Off

Wall Street Journal
4/23/2021

Blackstone Group Inc. BX 5.16% swung to a record quarterly profit as its focus on rapidly growing companies helped the value of its investments climb more than the broader market.

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An E.V. Start-Up Backed by UPS Does Away With the Assembly Line

The New York Times
4/23/2021

An E.V. Start–Up Backed by UPS Does Away With the Assembly Line. Arrival, a developer of electric vans and buses, says it has come up with a cheaper way to build vehicles in small factories. … “The microfactory allows us to build vehicles profitably at really any volume.”

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Last-Mile Warehouse Coworking Concept Raises $10M To Fund Expansion

Bisnow
4/23/2021

As more small businesses embrace the e-commerce side of retail, their need for last-mile delivery capability has grown — but the availability of those facilities has shrunk drastically. An Atlanta firm has secured millions in funding as it moves to close that gap. …

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WeWork vet hired to launch Two Sigma’s real estate fund

The Real Deal
4/23/2021

The former head of WeWork’s real estate investment arm has joined the quantitative hedge fund Two Sigma to help launch its new property investment platform.

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Prologis Continues Green Building Leadership with LEED v4 Volume Program

Prologis
4/23/2021

SAN FRANCISCO, April 21, 2021 /PRNewswire/ — Prologis, Inc. (NYSE: PLD), the global leader in logistics real estate, announced it will launch the first LEED v4 for Core and Shell Volume Program for the U.S. logistics real estate sector. This new program includes more rigorous standards than the previous LEED Volume Program, established in 2014. Prologis was the first logistics real estate developer to participate in the earlier program….

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Register Now: Relevation 2021

Relevation
4/23/2021

Our purpose is to facilitate investments in the proptech space, by introducing founders to VC’s, and VC’s to LP’s. All our value proposition is structured around the principle of doing the most efficient matchmaking possible, and allowing our attendees to create meaningful relations with future business partners. Relevation is a two-day digital and global event, entirely dedicated to the PropTech market, gathering the top notch keynote speakers and experts from around the world. …

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In Case You Missed It! Check out a tech demo by Facilio from our CREtechU Virtual Summit

CREtech+
4/23/2021

Discover a Tech Demo presented by Vishak Chandra Prakash Pre-sales Manager at Facilio. Facilio is an AI-driven property operations platform allows real estate owners to aggregate building data, optimize performance, and control portfolio operations. …

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‘Tech metal’ firm draws in $120m to fuel clean energy

PlaceTech.
4/22/2021

TechMet, an investor in rare metals needed in EVs and renewable energy systems, has closed its second-round equity fundraising at $120m – a 50% oversubscription on its initial target. Backed by the US government’s Development Finance Corporation, TechMet’s recent success reflects what it calls a period of “both enormous opportunity and enormous challenge”.

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Moderne Ventures Announces its 2021 Passport Class

Moderne Ventures
4/22/2021

CHICAGO, April 20, 2021—Moderne Ventures, a venture fund focused on real estate, finance, insurance, hospitality and home services, announced seven new companies accepted into its 2021 Passport Program, an intensive, six-month industry immersion program providing its participants education, exposure, insight, and relationships to drive customer growth.

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