Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
Business Insider
Those who escaped big cities for rural towns during the pandemic are turning to co-living spaces out of sheer loneliness, reported Konrad Putzier for The Wall Street Journal. Communal living spaces of all types are offering them both a place to work remotely and the ability to make friends, he wrote….
TechCrunch
In 2020, nearly $24 billion in venture capital poured into companies creating new technology products or innovative business models for the real estate market.
The Real Deal
In all, Industrious operates over 100 locations with more than 3 million square feet, and it’s set to grow even further in 2021. The company will expand by 1 million square feet this year, company spokesperson Corey Chambliss confirmed. And that could include moving into spaces abandoned by other flex–office providers.
Benzinga
Radweb; developers of the renowned global property inspection software platform, Property Inspect, are proud to be confirmed as an inaugural member of the award winning international ‘REACH program; UK Class of 2021.’
Renaissance Capital
Fifth Wall Acquisition I, a blank check company targeting a real estate technology business, raised $300 million by offering 30 million shares at $10. The company did not offer units with warrants attached. The company is led by CEO and Chairman Brendan Wallace, who has served as Co-Founder and Managing Partner of Fifth Wall Ventures since 2016, and CFO and Director Andriy Mykhaylovskyy, who has been a Managing Partner at Fifth Wall Ventures since 2017….
CREtech
CREtech, the largest intelligence platform devoted to Reimagining Real Estate, announced today that Oxford Properties Group, (“Oxford”), a leading global commercial real estate investor, developer and manager, has joined the new CREtech Climate initiative as a Founding Sponsor. Oxford joins Fifth Wall, the largest venture firm devoted to real estate, and Savills, a global real estate services provider, as a Founding Sponsor of this new global climate tech initiative which will launch early nex…
ULI
A new report from the Urban Land Institute’s (ULI) Greenprint Center for Building Performance shows that the real estate industry will take an increasingly focused view of environmental, social and governance (ESG) strategies in 2021. ULI is a global, multidisciplinary real estate organization whose work is driven by more than 45,000 members dedicated to responsible land use and building thriving communities.
WSJ
CoreLogic Inc. agreed to sell itself to two private-equity firms for about $6 billion, a surprising end to an auction of the real-estate-data provider that was kicked off by a pair of shareholder activists.
redIQ
redIQ is the most trusted deal analysis and underwriting platform on the market for multifamily owners, brokers, and lenders. Our platform allows CRE professionals to extract data automatically from rent rolls and operating statements and sync standardized data into institutional-caliber Excel models, and includes the ability to generate comps from highly reliable underwriting data sets among many other powerful features. Whether performing a cursory analysis or a full underwriting, redIQ’s cl…
The Atlantic
Some evenings, when pandemic cabin fever reaches critical levels, I relieve my claustrophobia by escaping into the dreamworld of Zillow, the real-estate website. From the familiar confines of my Washington, D.C., apartment, I teleport to a ranch on the outskirts of Boise, Idaho; to a patio nestled in the hillsides of Phoenix, Arizona; or to a regal living room in one of the baroque palaces of Plano, Texas. …
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