Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
Finsmes
Led by Andrew Luong, CEO & Co-Founder, Doorvest is an entirely-online platform for owning income-producing private real estate. The platform provides transparency via a comprehensive breakdown of monthly cash flow, property activity, legal documents, and reports through an investor dashboard.
The Real Deal
Company takes $38M write-off on rent payments, struggles to lease up Dock 72. Boston Properties just made one of the most damning statements a major landlord has given on the co–working industry: It took a big write-off in recognition that flex tenants will struggle to pay rents
The New York Times
Richard Zaro always wanted to open a chicken cutlet joint inspired by the deli sandwiches served across northern New Jersey, but the challenge was coming up with the required capital. The pandemic finally gave him an opportunity.
EY
For years, construction has lagged behind other industries regarding technological advancement, disruption and digital automation. Finally, this is starting to change. The reducing cost of digital enablement, staffing challenges and the increasing complexity of business is forcing disruption upon the industry.
Crunchbase
After a year unlike any other for SPACs in 2020, a vast majority will spend this year on the hunt for their perfect target company — something that could leave many scrambling in an ultra-competitive environment while also disrupting the venture capital market.
PlaceTech.
The digital connectivity rating firm has announced plans to achieve Certified B Corporate status for its social and environmental impact as it nears the launch of its smart building certification product.
Fifth Wall
In episode 47 of Fly on the Wall, Brendan sits down with Dan Doctoroff, the Founder & CEO of urban innovation company Sidewalk Labs. Brendan and Dan discuss how technology is reimagining our city streets, and make predictions for how localities will monetize those streets in the future. They also discuss how the reconceptualization of physical space can make cities more affordable and how Sidewalk Labs approaches change in cities through technology and innovation. …
Wall Street Journal
Young professionals who fled big cities for small towns during the pandemic are providing an unexpected boost to a type of real estate geared toward communal living. Many of those who left were seeking fresh air, more space and distance from infection clusters, but they also found the prospect of being isolated in the country daunting. So they have been looking for companionship at remote co-living spaces, where tenants rent furnished rooms in big, shared homes….
PR Newswire
NEW YORK, Jan. 26, 2021 /PRNewswire/ — Jetty, the fintech company on a mission to make renting a home more affordable and effortless for everyone, today announced an equity investment from Farmers Insurance®. The investment follows a deal with Farmers Insurance® that was announced in June 2020, which saw Toggle Insurance Company, a Farmers® company, becoming the exclusive reinsurance provider for all new policies written under Jetty’s core products: Jetty Deposit and Jetty Renters Insurance….
Multifamily Executive
We begin the new year on an exciting note by announcing the seventh annual Elite 1% ORA Power Ranking of properties for 2020. This ranking features properties with the most outstanding online reputation based on their Online Reputation Assessment (ORA) scores as of December.
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