Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
The Real Deal
iBuyer’s net loss was $287M as CEO acknowledged pandemic’s toll. In its first earnings as a public company, Opendoor reported a 45 percent drop in revenue attributed to its pause in home-buying in the early months of the pandemic. The iBuyer generated $2.6 billion in revenue last year, compared to $4.7 billion in 2019
The Real Deal
Data giant will also pay $52M break-up fee for failed RentPath deal. CoStar’s fight for CoreLogic has ended in defeat. … “With interest rates moving up, now is not the time for us to aggressively buy into the residential mortgage market,” CoStar CEO Andy Florance said in a statement.
Bisnow
Some companies may eschew a headquarters entirely. Cryptocurrency trading platform Coinbase declared as part of its recent initial public offering filing with the Securities and Exchange Commission that its workforce is entirely remote, and thus it has no headquarters. Coinbase didn’t respond to requests for comment.
CREtech Climate
New York, NY (March 8, 2021) — Following the launch of CREtech Climate, a platform devoted to educating and inspiring investment in climate tech, sustainability and ESG throughout the Built World, CREtech announced the formation of a prestigious Leadership Board to help guide the new platform in accomplishing its core objectives and mission. …
Altrio
The power of deal management software doesn’t come merely from the efficiency gains of automated reporting and easier task tracking. Real power comes from giving you the resources, intelligence, and responsiveness to move faster than your competition and work smarter in deal sourcing, screening, and underwriting.
PR Newswire
SAN FRANCISCO, March 4, 2021 /PRNewswire/ — VergeSense, creator of the Workplace Analytics Platform that uses intelligent sensors and AI to help businesses better understand how employees use office space has announced a global reseller agreement with JLL (NYSE: JLL). JLL Technologies (JLLT)—the business division of JLL delivering technology solutions that transform how organizations acquire, manage, operate and experience space—has also deployed VergeSense’s technology in several JLL offices a…
Architectural Digest
New York–based real estate company Fisher Brothers didn’t expect to spin off a hospitality brand two years ago. At the time, the firm was vetting amenities operators for its 1345 Avenue of the Americas commercial tower. But in early 2019, a hiccup in contract negotiations inspired the multigenerational family business to determine whether the traditional lobby and gym did enough to serve today’s class-A office tenants….
Fast Company
“Everyone’s raising a zillion SPACs,” a Manhattan billionaire tells me, referring to special purpose acquisition companies, the latest craze on Wall Street. He doesn’t want to be seen biting the hand that feeds him (and many others), and so he asks for—and receives—anonymity. “Every day there’s a SPAC merger,” he continues, amazed. “There’s a rumored SPAC merger. There’s another SPAC.” …
GlobeSt
The pandemic catalyzed a new wave in demand for health and safety norms in multifamily housing. Renters are increasingly concerned that buildings are able to reduce the risk of airborne illnesses. Contractors are guiding the process by working with developers and other multifamily stakeholders and finding innovative ways to boost the health and safety of buildings during the construction process. …
D2 Demand Solutions
It’s that time of year again! The sun is getting a bit higher in the sky. Multifamily leasing season is around the corner. And we at D2 Demand Solutions are once again proud to announce the release of our annual 20 for ’20 report, which is now in its third edition. For those unfamiliar with the paper, 20 for ’20 summarizes the content of 20 interviews with senior multifamily leaders: ten heads of operations and ten heads of technology. Its raison d’être is to provide an outlook on operations and…
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REGISTRATION IS OPEN FOR EUROPE 2030: SHAPING THE FUTURE OF THE BUILT WORLD IN LONDON ON JULY 1, 2025