Industrious Set To Take Over 1M SF Of Its Competitors’ Abandoned Space This Year

Coworking operators that lease their locations are going bankrupt or giving back space as they try to survive the coronavirus pandemic, leaving landlords with suddenly unspoken-for coworking spaces in a brutal office leasing market.

Smart Building Tech Adoption Creating Fertile Ground For Hackers

The use of connected building technology is exploding amid the coronavirus pandemic, forcing property owners and managers to find more ways to provide services to residents without face-to-face interaction. But as adoption of the Internet of Things has grown, awareness of its security risks hasn’t kept pace. …

Valon closes on $50M a16z-led Series A to grow mobile-first mortgage servicing platform

Valon Mortgage, a tech-enabled mortgage servicer, announced this morning it has raised $50 million in a Series A round of funding — which is large for its stage even by today’s standards.

LeaseLock raises $52M for security-deposit alternative

California-based LeaseLock is the latest startup to raise money for a security deposit alternative, pocketing $52 million from investors, the company announced Wednesday. The Series B was led by Westerly Winds, a London-based firm started by founding partners from BlackRock, and Wildcat Venture Partners.

LEARN MORE: Reimagining Real Estate Business Intelligence Summit Exhibitor redIQ

Real-Estate Startup Knotel Files for Chapter 11 Bankruptcy

Real-estate startup Knotel Inc. filed for chapter 11 bankruptcy for its U.S. business on Sunday, agreeing for the company to be taken over by real-estate services firm Newmark Group Inc.

Temasek leads $75m Series D funding in Canadian carbon capture firm Svante

Canadian carbon capture company Svante raised $75 million in its Series D equity financing round led by Singapore state investor Temasek.

L&G backs low carbon heating in social housing

Legal & General has provided £22m debt finance to HeatRHIght, a renewables funding scheme that supports the delivery of air source heat pump technology to the social housing sector. This long-term financing will accelerate HeatRHIght’s delivery of low carbon heating to Housing Associations across the UK.

CADRE LAUNCHES DIRECT ACCESS FUND, DELIVERING DIVERSIFIED, INSTITUTIONAL-QUALITY COMMERCIAL REAL ESTATE TO MORE INVESTORS

Fund offers a curated portfolio of commercial assets with lower minimums, lower fees, world-class underwriting, potential for liquidity never before available to individual investors New York, NY — February 2, 2021 — Cadre, a leading technology-driven real estate investment platform, has launched the next evolution in its investment offering, the Cadre Direct Access Fund. Building on Cadre’s distinctive combination of institutional experience, proven performance and groundbreaking innovation,…

Real Estate Firms Shift Focus From Office, Retail To Digital Infrastructure

With several asset classes facing significant uncertainty, real estate firms are looking at data centers as a permanent fixture in their portfolios. Retail, hotels and offices have been hit hard by the coronavirus pandemic, and the timeline of recovery may depend on the country’s success in fighting the disease as well as the decisions of countless individual companies on what space to retain. In the meantime, developers and financiers are focused on building out the country’s digital infrastruc…