News Archives | Page 587 of 1007 | CREtech
SoftBank is set to buy back $4.8 billion in shares amid demands from an activist investor and a volatile stock market. The buyback would represent 7 percent of the Japanese conglomerate’s shares, which have been plummeting.The WeWork parent has come under fire recently for its handling of the beleaguered co-working firm’s botched public offering last year.
A member at Convene’s 530 Fifth Avenue location has tested positive for the coronavirus, prompting a temporary closure of the location, Commercial Observer has learned. The flex meeting, event and office space company is responding to the spreading pandemic by opting to temporarily close 17 locations across the country, while maintaining operations at 11 sites and paying employees across the boa...
It was an audacious goal from the start. Five years after Compass hired its first 10 agents in New York City, CEO Robert Reffkin pledged the company would have 20 percent market share in 20 major U.S. cities by 2020. “That means we’re going to expand,” he told agents who gathered in New York for an all-team meeting in 2017. “We’re going to expand t...
SAN FRANCISCO—Dealpath, real estate investment and portfolio management software provider, recently received a strategic investment from Blackstone. The investment contribution was not disclosed.
Congruent Ventures, a new firm led by veteran clean energy VCs Abe Yokell and Joshua Posamentier, has raised $92 million in funds to back early-stage companies focused on sustainability-related technology. Reversing the trend: A decade ago, a surge in appetite for investing in cleantech ended in disappointment and losses. Congruent's partners say things are different this time.
Southeast Asia poses the second highest number of deals and undisclosed funding across of Asia Pacific in 2019, showing a strong focus in proptech since 2017, reveals a JLL-TechInAsia study.
Amazon is selling its cashierless technology to other retailers, which will enable consumers to pay for goods without waiting in line to checkout. Without needing an app or an Amazon account, the e-commerce giant's Just Walk Out technology detects which products shoppers take from shelves, tracks them in a virtual cart, and then charges their credit card and emails them a receipt, the company sai...
Hostmaker, a property management firm working with properties listed on Airbnb and other short-let platforms, has ceased trading with its parent company entering administration.