Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
MillionAcres
A year ago, I pondered whether the flood of venture capital to the real estate and proptech sector could set a new record in 2020. Clearly, I didn’t anticipate a global pandemic that brought much of the real estate sector to a full stop early in the year and continues to drag on commercial real estate. …
CREtech
Join us for an objective, data-backed look at what is really happening in retail real estate during this webinar. CEO of CREtech, Michael Beckerman is pleased to have Vice President of Marketing for Placer.ai, Ethan Chernofsky, for an insightful conversation leveraging location analytics to unpack the biggest trends in CRE. Learn about the short-term changes most likely to revert back to ‘normal’ to the critical shifts that will have long-lasting effects….
Financial Post
Investors are underestimating the speed and extent to which people will return to work in offices and head back to shopping malls as the pandemic subsides, according to the head of Brookfield Asset Management. Bruce Flatt, chief executive of the Canadian investment group, is preparing to complete a US$5.9-billion deal to delist Brookfield’s property arm amid frustration that the equity market does not recognize the value of Brookfield’s vast real estate portfolio.
Fast Company
The Lake Mist apartment complex in Charlotte was in danger, and so were its residents. A cluster of two story brick-and-tan buildings near a busy commercial corridor, the 144-unit complex was one of a dwindling number of rental options available to residents making less than the area’s median income. It’s not a public housing development or an official affordable housing project, but Lake Mist, with rents starting around $600 per month, is, de facto, part of Charlotte’s affordable housing st…
Wall Street Journal
Latch Inc., a maker of smart locks and building-management software, plans to go public by merging with a special-purpose acquisition company backed by a real-estate giant, the latest startup looking to use a so-called blank-check vehicle to cash in on strong investor interest in tech-enabled businesses.
CANOA
(Brooklyn, January 2021) – CANOA, the first scaling platform for sustainable design and construction of commercial real estate, is excited to announce the completion of its seed fundraising round. The round was led by TMV (formerly Trailmix Ventures) with additional investments from Building Ventures and Gemini Ventures, following Gemini’s previous investment. CANOA enters the scene as the first company within their industry to focus on increasing access to great design while redu…
The Real Deal
The Chera family’s Crown Acquisitions is raising $200 million for a special purpose acquisition company, or SPAC, that is focused on proptech, according to a regulatory filing.
Bloomberg
CoStar Group Inc. and a private equity group led by Warburg Pincus are the final bidders competing for data provider CoreLogic Inc., according to people familiar with the matter. …
AXIOS
President Biden talks — and promises to govern — like a soothing centrist. But early moves show he’s keeping his promise to advance a liberal agenda, Axios’ Dion Rabouin, Courtenay Brown and Jennifer A. Kingson report….
Bisnow
California faces the convergent crises of the lack of affordable housing and worsening natural disasters like wildfires, which have been exacerbated by climate change. In recent years, the latter has diminished the housing supply by destroying homes and, in some cases, entire neighborhoods….
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