Inside NYC’s new high-tech, COVID-proof office towers

COVID-19 may have shocked the city’s commercial market but that hasn’t stopped developers from doing what they do best. In fact, a bevy of newly constructed and redeveloped towers are poised to hit the market in Manhattan.

EY Announces Ambition to be Carbon Negative in 2021

EY today announces an ambition to be carbon negative in 2021 by setting targets to significantly reduce its absolute emissions and removing and offsetting more carbon than it emits. In a recently released statement, EY set out the seven key components of its plans to not only become carbon negative but to reduce total emissions by 40% — consistent with a science-based target — and achieve net zero in 2025….

As Oxford Properties Buys M7, Maybe Its Time To Ask If This Is A Stampede Into Urban Logistics

Could the surge in urban logistics investment be an example of herd mentality? Patron Capital founding partner Keith Breslauer has wondered out loud about the capital markets’ stampede into last-mile e-commerce units. His warning shot comes as Oxford Properties agrees the £4.7B acquisition of M7 Real Estate, which becomes its primary European logistics platform….

Security Deposit Alternative Startup Rhino Raises $95M

Rhino, a startup offering an alternative to security deposits, has raised $95 million after a surge in demand sparked by the need for more affordable housing. The round, led by Tiger Global Management, values the New York startup at nearly $500 million, the company said Tuesday.

Infinium gets Amazon investment to make net-zero fuel

Amazon says it wants to hit the goal of net-zero carbon emissions by 2040. Reaching that goal will require emissions cuts across the company’s operations, but one of the biggest challenges will be long-distance transportation—it’s possible to switch to electric delivery vans now for short trips, but cargo ships and large jets can’t yet feasibly run on electricity. …

MIDDLECAP’S SOUTHWORKS OFFICE SCHEME BECOMES UK FIRST TO RECEIVE PLATINUM SMART BUILDING CERTIFICATION

Smart Building Certification is the first to measure the ‘smartness’ of buildings Integrated building technology will enhance users’ wellbeing MiddleCap, the real estate-focused investment group, announced today that its Southworks development in London has been awarded a Platinum Smart Building Certification. The 70,000 sq ft office scheme, which completes later this year, is the first in the UK to achieve the certification. The Smart Building Certification, which has been developed to pr…

Roostify Raises $32M Series C For Home Lending Amid Hot Real Estate Market

Roostify, a digital platform for mortgage lenders, has raised $32 million in venture funding to connect customers and lenders as the residential real estate market continues to boom.

How a company that provides workplaces is prepping for work-from-home in 2021

Shutterstock pays $75 million for 3D image company Turbosquid

Take a second look at a stock photo of a coffee cup or soup can, and you may notice something: It’s not actually a photograph. It just might be CGI—a computer generated image of whatever product that particular company’s hawking. Take Swedish retailer Ikea, which has been using CGI photos since as early as 2006: 3D models can trick you into thinking they’re the real deal. And it might soon be the norm. …

Tishman Speyer Launches Second SPAC Blank-Check Firm

Through Tishman Speyer Innovation Corp. II, a new special-purpose acquisition company, the New York-based commercial landlord is looking to raise $250 million for another proptech deal, it disclosed in a regulatory filing Tuesday. Over the past five years, Tishman has strategically invested in proptech startups.