Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
The Real Deal
Richr, a Miami-based home listings startup, is adding title and insurance services to the company’s offerings, with plans to also expand into home lending. The website launched in early 2019, offering to list homes in South Florida for free, and giving the 3 percent commission back to the buyer. A home seller could save the full 6 percent commission.
Forbes
In 2018, Maria Rioumine and Ryan Gibson worked at venture capital firm 8VC and lived on the same street in San Francisco. Often when they walked around the city they would ask themselves how was it possible that in a place that had so much innovation and where there was a chronic dearth of affordable housing, building anything took so long and was so slow.
The Wall Street Journal
Big companies that own single-family homes are raising rents at the fastest rate since they emerged from last decade’s foreclosure crisis, capitalizing on a rush for suburban housing.
Bloomberg
Online mortgage lender Better.com has closed a new funding round led by private equity firm L Catterton, according to an internal memo reviewed by Bloomberg News. The New York-based startup raised about $200 million in a series D financing to fund growth, according to the Better.com memo.
Fast Company
In a global ranking of real estate per person, the United States is No. 1, and not in a good way. The consultancy PwC did an analysis last year of per capita leasable shopping center space in countries around the world.
The Real Deal
More than 100 bank branches have closed or are set to close across New York City this year, Crain’s reported, citing filings with federal and state regulators. That level of retreat is the largest in more than two decades.
The Business Journals
A startup that makes an electric flying taxi may land a new facility in Orlando. Munich-based Lilium Aviation Inc. seeks tax incentives from Orlando to build a 56,000-square-foot transportation hub in the city, according to the Nov. 9 city council meeting agenda.
This is Construction
Adelaide now boasts one of Australia’s smartest buildings, GPO Exchange. The 20-storey A-grade commercial building has raised the bar for smart buildings, winning an Australian Engineering Excellence Award 2020 and an International IBcon Digie Award for Most Intelligent Office Building 2020….
HousingWire
As the country embraces technology now more than ever, lenders and title companies have an opportunity to embrace the possibilities of mortgage technology to connect with consumers in new ways and grow their businesses.
The Real Deal
To meet the surge in demand for last-mile real estate, CrowdStreet is launching an e-commerce property fund. The Portland, Oregon-based crowdfunding platform said the $20 million to $30 million fund will target warehouses, distribution and data centers, and logistics and last-mile properties.
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