News Archives | Page 372 of 1007 | CREtech

Compass lost $270M in 2020, revenue up 56% : IPO filing

Lauren March 04, 2021
The IPO filing, known as a form S-1, provides the clearest look into the financials of the company, which is likely the fastest-growing U.S. residential brokerage in a generation. Compass’ revenue grew 56 percent in 2020 from $2.4 billion in 2019. It cut its losses from $388 million in 2019, and has lost a total of $1.1 billion as of Dec. 31, 2020.
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Landlords Chasing Filtration, Certification In Push To Welcome Workers Back

Lauren March 04, 2021

As the vaccine brings workforces closer to a return to the office, developers and property managers are moving forward with a game plan centered around a healthier workplace. Landlords are eying advanced air filtration systems and seeking certification from new performance-based building standards to quell concerns at workplaces forever changed, experts said on Bisnow's 

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WATCH NOW! Harnessing Tech for Affordable and Equitable Housing, Part 1

Lauren March 04, 2021
Carol Galante, Faculty Director at the Terner Center at UC Berkeley, discusses the purpose, drive, and technology strategy of the Terner Center, and what kinds of technology solutions that are most important right now.
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CoStar ups its bid to acquire CoreLogic

Lauren March 03, 2021
The latest offer is also $17 per share higher than the recent agreement CoreLogic made with Stone Point Capital and Insight Partners, who agreed to buy the company for approximately $6 billion.
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National Security Commission on Artificial Intelligence issues report on how to maintain U.S. dominance

Lauren March 03, 2021
The National Security Commission on Artificial Intelligence today released its report today with dozens of recommendations for President Joe Biden, Congress, and business and government leaders. China, the group said, represents the first challenge to U.S. technological dominance that threatens economic and military power for the first time since the end of W...
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Flink, the Berlin-based grocery delivery startup that operates its own ‘dark stores’, raises $52M

Lauren March 03, 2021

The on-demand grocery delivery industry in Europe (and beyond) continues to heat up amidst the pandemic, including a plethora of startups taking a vertical approach by operating their own delivery only — or “dark” — stores. The latest to show its hand is Berlin-based Flink, which today is announcing that it has raised a heft...

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Real estate brokerage Compass files for IPO amid pandemic boom in housing prices

Lauren March 03, 2021
Compass, a real estate brokerage firm with more than 19,000 agents across the country, filed to go public on Monday, and told prospective investors that revenue jumped 56% last year as housing prices soared. Founded in 2012, the New York-based compan...
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Tech Startups’ New Million-Dollar Question: Do We Really Need an Office?

Lauren March 03, 2021
While larger companies are deciding how much of their workforce to send back to the office once the pandemic recedes, an increasing number of tech startups are wondering if they can make do without a lease altogether.
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These Are The New CRE Roles Created By The Pandemic

Lauren March 03, 2021
At a time of rapid shifts and emerging market trends in commercial real estate, with increased interest in industrial real estate and medical and lab space, the lasting changes that COVID-19 brings to the industry will include new ro...
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Proptech startup States Title, now Doma, going public via SPAC in $3B deal

Lauren March 03, 2021

Real estate tech startup Doma, formerly known as States Title, announced Tuesday it will go public through a merger with SPAC Capitol Investment Corp. V in a deal valued at $3 billion, including debt.

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