Latest in Commercial Real Estate Tech News by CREtech

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Location data analytics startup Placer.ai raises $50M Series B

TechCrunch
4/27/2021

It’s been a very tough year for Placer.ai’s core customer segments of retail and commercial real estate, to put it mildly. But the foot traffic and location analytics startup saw growth in new categories, including consumer packaged goods (CPG) and hedge funds that use its tech to perform due diligence. The Los Altos, California-based company announced today that it has raised a $50 million Series B led by Josh Buckley, the chief executive officer of Product Hunt. Participants included Fifth Wal…

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StartmeupHK Festival shines spotlight on smart cities, PropTech

Future IoT
4/27/2021

Smart cities and innovations in PropTech are among the key areas to take the spotlight next month as Hong Kong sets to host the annual StartmeupHK Festival from May 24 to May 28 in a virtual format for the second consecutive year.

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ESG-Linked CRE Financing Is Profitable PR, Say Experts

Globe St
4/27/2021

Over the last month, a run of REITs—including Duke Realty, American Homes 4 Rent, Kilroy Realty and Hannon Armstrong Sustainable Infrastructure Capital—have inked sustainability-linked financing deals….

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Apple to build first East Coast campus in N.C., will spend $430b over 5 years nationally

Axios
4/27/2021

Apple aims to spend more than $430 billion across the U.S. over the next five years through building new campuses, investing in data centers and 5G and funding Apple TV+ productions….

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Registration Open for Inaugural CREtech Climate Virtual Summit on May 11-12

CREtech
4/27/2021

CREtech Climate, a platform devoted to educating and inspiring investment in climate tech, sustainability and ESG throughout the Built World, announced today that they will host their inaugural conference, CREtech Climate Virtual Summit on May 11-12, 2021. Hosted by CREtech Climate, the two day summit will feature a diverse array of perspectives that are committed to creating a safer and more sustainable built environment….

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Creating Lasting Change in the Built Environment Trailer

CREtech
4/27/2021

Travis Connors, Co-Founder of Building Ventures, addresses the big picture changes he’s seeing, and investing in, that will change the way we experience the built environment.

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

CREtech
4/27/2021

Rise Buildings provides an all-in-one solution for the real estate industry. Based in Chicago, Rise Buildings is a global leader in the property technology space, delivering best-in-class Access, Operations, Engagement, and Advanced solutions to the biggest owners and operators in commercial and residential real estate.

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WeWork slapped with $37M lawsuit by Chelsea landlord

The Real Deal
4/26/2021

Walter & Samuels, the owner of 214 West 29th Street, filed the lawsuit on Friday in New York State Supreme Court, seeking to recoup damages — an amount it says would still need “to be determined at trial,” but estimated to be “in excess” of $37 million.

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Amazon One palm payment tool comes to Whole Foods

Grocery Dive
4/26/2021

By bringing the Amazon One tool to Whole Foods, Amazon may entice shoppers to head to the grocery chain, which has struggled with foot traffic in the past year. At the start of the pandemic, Whole Foods saw its foot traffic plummet, and the grocery chain is still trying to catch up to its 2019 numbers. Whole Foods is starting to see steady week-over-week bumps in visits, but its total weekly visits were still down nearly 18% at the end of March compared to the same period in 2019, according to …

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SPAC Insiders Can Make Millions Even When the Company They Take Public Struggles

Wall Street Journal
4/26/2021

Investors who bought into a special-purpose acquisition company that took a healthcare-services company public last year in an $11 billion deal have suffered steep losses. Promoters of the SPAC still stand to make millions.

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