Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
The New York Times
Spotify’s headquarters in the United States fills 16 floors of 4 World Trade Center, a towering office building in Lower Manhattan that was the first to rise on the site of the 2001 terror attacks. Its offices will probably never be full again: Spotify has told employees they can work anywhere, even in another state.
The Guardian
A strange thing is happening, thanks to the pandemic. While everyone is stuck working from home, some of the country’s largest tech companies are snapping up real estate like nobody’s business.
TechCrunch
Pacaso, a less-than-one-year-old startup that is out to give more people a chance at second home ownership, announced Wednesday that it has received $75 million in growth funding at a $1 billion valuation. Greycroft and Global Founders Capital co-led the $75 million in equity financing, which is notable for a few reasons.
Crowdstreet
CrowdStreet’s Darren Powderly is joined by David Martin, CEO of Terra, to discuss the demand drivers for the South Florida market, the migration patterns into the area, and how Terra is positioned to capitalize on that move and the current outlook on retail real estate. …
PlaceTech.
Users of ARGUS Enterprise, Altus Group’s asset and investment management platform, and Yardi Voyager will be able to share data between the two platforms following the launch of the ARGUS Connector for Yardi Voyager.
Bizjournals
LAB Ventures, a Miami-based startup studio and venture capital firm that invests in technology startups that disrupt the real estate market, will launch a rolling investment fund next month.
Bisnow
Typically, the tedious task of researching and writing a credit memo for a loan can take days. Jeff Saul promises he can do the burdensome task in 10% of the time, cutting more than 50 hours of tedious, manual data entry from someone’s job. Saul himself isn’t a savant; Nativ, a new commercial real estate software platform he co-founded that utilizes artificial intelligence and automation, reportedly can reduce that workload to just a few hours. For Saul, that’s just the beginning. He believes Na…
Wall Street Journal
A surge in online grocery shopping is intensifying demand for food-storage warehouses, sparking billions of dollars in new real-estate development. Shopping for groceries online was taking off even before the pandemic. Services like Amazon Fresh, FreshDirect and Misfits Market offered a convenient alternative to the supermarket. Demand soared when people started worrying that they could catch Covid-19 on a trip to the store….
The Real Deal
World’s first NFT “digital house” sells for over $500K. Krista Kim’s “Mars House,” a non-fungible token of a virtual home, sold for Ethereum
CREtech+
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