Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
Wall Street Journal
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.
The New York Times
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.”
Bisnow
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. …
The Real Deal
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.
Prologis
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….
Relevation
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. …
CREtech+
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. …
PlaceTech.
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”.
Moderne Ventures
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.
Wall Street Journal
Deal flow and valuations are reaching new heights in technology startups, as a flood of cheap cash fuels efforts to find the industry’s next big winners, from software to social media. In the first quarter this year, U.S. startups raised $69 billion from investors—41% more than the previous record, set in the fourth quarter of 2018, according to data firm PitchBook Data Inc. The average valuation for startups at all stages also reached a new high, and more than tripled from last year to $1.6 bil…
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