Here Are Compass Investors Who Could Gain Big in IPO
The Real Deal
Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
The Real Deal
Techstars
Today, Techstars, the worldwide network that helps entrepreneurs succeed, announced that the company’s Board of Directors has appointed Maëlle Gavet as Chief Executive Officer effective January 11, 2021. Outgoing CEO and co-founder David Brown will continue to serve on the board. Techstars also announced David Cohen, co-founder, will assume the new role of Chairman of the Board of Directors.
Wall Street Journal
Crunchbase
The LEX marketplace lets both accredited and unaccredited investors obtain minority positions in commercial real estate properties through single-asset IPOs, according to the company. Investors can buy and sell shares of commercial real estate assets without lockups through LEX’s platform, which is powered by Nasdaq.
The Real Deal
Sonder, a VC-backed hospitality startup, is beefing up its C-suite as it looks to move past a volatile few months for the travel industry. The San Francisco-based company, which leases apartments and turns them into furnished, short-term rentals, said CFO Sanjay Banker, who joined in 2019, would add “president” to his title to help oversee the company’s growth, including a major expansion in Montreal, where the company has roots.
Smart Cities World
Washington Post
Liz Locke wasn’t sure what to expect when she logged on to Twitter last April, cocktail in hand, for a virtual watch party of classic films. She was supposed to be attending the 2020 TCM Classic Film Festival, but when it was canceled because of the coronavirus pandemic, organizers announced they would instead air previous festival programming on the TCM cable channel that weekend. Locke gamely followed the #TCMParty hashtag and chatted with fellow movie fans as she watched “Network,” “Casab…
Real Estate Innovation Lab – MIT
Over the last quarter of a century, no asset class in real estate has seen more transformation than the retail sector, due to advances in technology, innovations in the supply chain and ever-advancing changes in consumer behavior. Where once consumers flocked to suburban shopping malls and the brick-and-mortar stores of city streets, ecommerce – combined with next-day delivery capability – has completely altered how we purchase all forms of goods. Coinciding with this transformation, climate cha…
Bisnow
In the past year, everyone has become fluent in debates around wearing a mask, indoor exposure, ventilation and the infection risks of the coronavirus. But unlike many of their commercial real estate peers, property managers, especially those working residential properties, have found themselves on the front lines of this dangerous pandemic, which has radically changed their workplace, workloads, and health and financial prospects.
Bloomberg
In October, students at the University of Illinois, Urbana-Champaign, held an intimate jazz concert at a bar downtown, with an audience of about 20 peers and faculty members — all of whom held digital passes indicating they’d recently tested negative for Covid-19. Two jazz ensembles performed, sometimes with masks and coverings for their instruments, and other times without.
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