CoStar ups its bid to acquire CoreLogic
The Real Deal
The latest offer is also $17 per share higher than the recent agreement CoreLogic made with Stone Point Capital and Insight Partners, who agreed to buy the company for approximately $6 billion.
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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National Security Commission on Artificial Intelligence issues report on how to maintain U.S. dominance
Venture Beat
The National Security Commission on Artificial Intelligence today released its report today with dozens of recommendations for President Joe Biden, Congress, and business and government leaders. China, the group said, represents the first challenge to U.S. technological dominance that threatens economic and military power for the first time since the end of World War II.
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Flink, the Berlin-based grocery delivery startup that operates its own ‘dark stores’, raises $52M
TechCrunch
The on-demand grocery delivery industry in Europe (and beyond) continues to heat up amidst the pandemic, including a plethora of startups taking a vertical approach by operating their own delivery only — or “dark” — stores. The latest to show its hand is Berlin-based Flink, which today is announcing that it has raised a hefty $52 million in seed financing.
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Real estate brokerage Compass files for IPO amid pandemic boom in housing prices
CNBC
Compass, a real estate brokerage firm with more than 19,000 agents across the country, filed to go public on Monday, and told prospective investors that revenue jumped 56% last year as housing prices soared. Founded in 2012, the New York-based company has sought to bring advanced technology to real estate agents, giving them better data, marketing tools and customer relationship software than they can get from a typical brick-and-mortar brokerage….
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Tech Startups’ New Million-Dollar Question: Do We Really Need an Office?
Wall Street Journal
While larger companies are deciding how much of their workforce to send back to the office once the pandemic recedes, an increasing number of tech startups are wondering if they can make do without a lease altogether.
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These Are The New CRE Roles Created By The Pandemic
Bisnow
At a time of rapid shifts and emerging market trends in commercial real estate, with increased interest in industrial real estate and medical and lab space, the lasting changes that COVID-19 brings to the industry will include new roles that didn’t exist before or some roles that may have been peripheral before becoming front and center for real estate firms….
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Proptech startup States Title, now Doma, going public via SPAC in $3B deal
TechCrunch
Real estate tech startup Doma, formerly known as States Title, announced Tuesday it will go public through a merger with SPAC Capitol Investment Corp. V in a deal valued at $3 billion, including debt.
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CREtech Climate, ULI, and Fifth Wall Launch a Sustainability Investment Survey for Real Estate Owners and Operators To Better Understand the Industry’s Sentiments and Strategies for Decarbonizing And Promoting ESG Initiatives
CREtech Climate
New York, NY (March 3, 2021) — CREtech Climate, in conjunction with Fifth Wall and ULI, announced a Sustainability Investment Survey for Real Estate Owners and Operators. The five-minute survey, intended for real estate developers, owners, and operators, is aimed to learn about their strategies, priorities, and plans for implementing sustainability initiatives and investing in climate technology. …
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WATCH NOW: A Disciplined Approach to Bold New Tech, Part 1
CREtech+
Join David Eisenberg in Part 1 of A Disciplined Approach to Bold New Tech for the most important criteria for Zigg Capital when making new investments, the common characteristics he sees in successful founders and startups, and what to avoid as a new founder.
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Real Estate Brokerage Compass Reveals $270M Loss Despite Rising Revenue
Crunchbase
Compass, the residential brokerage firm backed by SoftBank, on Monday publicly filed securities documents for its IPO that revealed rising revenues paired with smaller losses for the New York-based startup.
