Latest Trends and Insights in Real Estate Technology

Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.

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  • CREtech Climate, Fifth Wall, and ULI Launch A Critical Survey for Owners, Operators, and Asset Managers

    Brendan Wallace

    BIG ANNOUNCEMENT: Fifth Wall partnered with the Urban Land Institute and CREtech / CREtech Climate to launch the first-ever survey to measure how much real estate companies are investing into Climate Tech. This will bring accountability to an industry where there are a lot of grandstanding sustainability claims made by real estate firms BUT THOSE CLAIMS ARE NOT BACKED UP WITH ACTUAL INVESTMENT IN R&D/CLIMATE TECH. Real estate firms often conflate / are…

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  • WATCH NOW: The Value of Innovation, Part 3

    CREtech+

    In Part 3 of The Value of Innovation with Will O’Donnell, Will shares advice for early-stage tech companies and what excites him most about the future of the real estate tech sector.

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  • Startup That Turns Restaurants, Hotels Into Flexible Workspaces Raises $2.5M

    Bisnow

    A D.C.-based startup that turns underutilized restaurant and hotel space into flexible workspaces has raised its seed funding round. WorkChew announced Wednesday it raised $2.5M in a funding round to help it expand across the country.

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  • Krugman is wrong about the internet. Again.

    Dror Poleg

    This ridiculous prediction is premised on a brilliant analogy: The fax machine made it easier for people to share more written stuff, but it turned out people just didn’t have anything interesting to share. Why wouldn’t the Internet uncover a similar dearth of content?

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  • New Houses Are Costing More as Prices Jump for Wood, Bricks

    Wall Street Journal

    Lumber, one of the biggest costs in home-building after land and labor, has never been more expensive and is more than twice the typical price for this time of year. Crude oil, a starting point for paint, drain pipe, roof shingles and flooring, has shot up more than 80% since October. Copper, which carries water and electricity throughout houses, costs about a third more than it did in the autumn. …

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  • A Chat with Openpath’s James Segil

    Security Industry

    Security Industry Association (SIA) member Openpath is a leader in touchless, modern access control and workplace safety automation. The company is headquartered in Culver City, California, with an additional office in Fishers, Indiana.

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  • Nordstrom debuts platform for shoppable shows as more retailers experiment with livestreaming

    CNBC

    The department store chain Nordstrom said Wednesday it will debut its “Livestream Shopping” channel, as part of its broader ambitions to delve into e-commerce livestreaming, which is already a huge phenomenon in Asia. Retailers such as Nordstrom are playing catch-up in the U.S. to a trend that has been rampant for years overseas, in large part thanks to early efforts by the Chinese e-commerce giant Alibaba….

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  • CoStar To Look At New Sectors For Next Acquisitions After Failed Deals, FTC Scrutiny

    Bisnow

    CoStar Group has become a $32B commercial real estate data giant in large part through acquisitions, but that strategy has started to hit some obstacles.  Over the last three months, CoStar has had two rare examples of high-profile acquisition pursuits falling through. One of the deals, its agreed-upon acquisition of RentPath, was blocked by a federal government antitrust lawsuit, while the second acquisition target, CoreLogic, publicly turned down CoStar’s $6.9B offer….

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  • Sonder to open in Flatiron Hotel next month

    The Real Deal

    Sonder, the well-heeled startup that rents furnished rooms by the night, plans to reopen the Flatiron Hotel in April. The hotel, at 9 West 26th Street, will be its first in New York City — a year and a half after Sonder agreed to lease it.

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  • Ex-Zillow CEO Spencer Rascoff leads SPAC deal to acquire Offerpad, a rival to his former employer

    GeekWire

    Rascoff, who left the CEO post at the Seattle real estate juggernaut in February 2019, is part of a group of SPAC investors that’s buying Offerpad, a 6-year-old real estate company that competes directly with Zillow Group in a quest to transform how people buy and sell homes.

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