Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
TechCrunch
For years, there was a debate as to whether WeWork was a tech company or more of a real estate play. At first, most people viewed WeWork as a real estate startup disguised as a tech startup. And as it kept scooping up more and more property, the lines continued to blur. Then we all watched as the company’s valuation plummeted and its IPO plans went up in smoke.
The Real Deal
The two partners, who last year raised $115 million for their New Beginnings Acquisition Corp. blank check company, filed initial public offerings for two more companies, New Beginnings Acquisition Corp. II and New Beginnings Acquisition Corp. III, each targeting $100 million raises.
Bisnow
Milken Institute, a Santa Monica, California-based nonprofit that focuses on issues related to human, financial and social capital, recently published its Best-Performing Cities 2021 report that detailed the nation’s top growth nexuses with Provo-Orem, Utah, ranking as the top-performing large metro area with a population over 100,000.
Wall Street Journal
Investors who bet against stocks are targeting special-purpose acquisition companies, one of the hottest growth areas on Wall Street. The dollar value of bearish bets against shares of SPACs has more than tripled to about $2.7 billion from $724 million at the start of the year, according to data from S3 Partners.
PR Newswire
NEW YORK, March 11, 2021 /PRNewswire/ — Occupier, a company that helps businesses navigate the complexities of managing a portfolio of real estate leases, and ensure compliance with new accounting standards, has finalized a funding round of $5M. The round is led by Alate Partners and MetaProp, with participation from Second Century Ventures, Thomson Reuters Ventures, and commercial real estate industry leaders across the U.S….
AXIOS
You may never have heard of Jack Ryan, but if he succeeds, it could cost you a lot less to buy and sell a home. Why it matters: The deep-pocketed CEO of a disruptive real estate brokerage called REX, Ryan contends that inflated commissions are sapping Americans’ nest eggs and pushing homeownership out of reach — and he’s backing a major campaign against the establishment.
Bisnow
Anyone who thinks “slow and steady wins the race” is a dated pearl of wisdom should evaluate the state of coworking at the moment. Millions of square feet around the country are being vacated as the sector’s largest players either give back space, restructure through bankruptcy or go completely belly up. Then there’s Industrious. …
The Real Deal
The six-year-old company is set to go public by merging with a blank-check company backed by LinkedIn co-founder Reid Hoffman and Zynga founder Mark Pincus. The deal values Hippo at $5 billion — nearly five times its valuation in July 2020.
Accesso
Swivel’s digital office leasing platform will help Accesso shorten the leasing process by allowing tenants to engage in interactive virtual tours of its office spaces HALLANDALE BEACH, Fla. – March 12, 2021 – Accesso, a fully-integrated investment manager and operator of multi-tenant office buildings, today announced it has signed a partnership agreement with Swivel, a digital leasing platform for office space that empowers property owners and their leasing teams to flexibly market, design and …
TechCrunch
Gather helps people, well, gather in virtual spaces for any reason, whether it be for weddings, magic conventions, or, just a regular day at work. Over the past few months, as remote workers look for better ways to interact with each other, the startup has quietly amassed more than 4 million users, and today, an investment from the same elite Silicon Valley firm that has backed Zoom and Slack.
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