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The San Francisco-based company, which partners with multifamily landlords to offer apartments to business travelers, laid off at least 25 of its 120 staffers on February 5 amid a “downsizing and restructuring” whereby it also plans to close nearly 200 units nationwide, sources said.
DRIVING HEADLINES
This week in real estate tech witnessed several mega-rounds in the U.S. and China. In addition to the sudden rise in the total funding amount and dollar volume, the total deal volume also increased this week and was spread across different cities, globally. The more notable rounds of capital went to ...
Beike Zhaofang, a Chinese real-estate brokerage platform also known as Ke.com, has garnered $2.414 billion in a Series D+ round of financing from a battery of marquee investors including SoftBank, Tencent, Hillhouse Capital and Sequoia Capital China.
The Consumer Electronic Show of 2020 (CES) was another amazing display featuring over 170,000 guests crammed into Las Vegas to explore what’s next in the decade ahead.
When it comes to smart homes, there was almost no category unturned. Appliances, toilets, mirrors, garage openers, door locks, shower heads and security systems were all once again on display. All were connected, many could be ...
NEW YORK CITY – Increased climate change concerns in the industry have stakeholders considering the lifespan of buildings more closely to make sure they’re flexible for many uses and serve the lifespan intended for its use to cut down on carbon emissions and waste that arises from the construction process, Julian Anderson, president of Rider Levett Bucknall Nort...
Lawrence Gellerstedt, WeWork's vice president of real estate who oversaw its expansion in the Southeast, has left the company, he told Bisnow Monday. The son of former Cousins Properties CEO Larry Gellerstedt resigned from WeWork March 1 after nearly two years. During that time, Gellerstedt helped WeWork enter into 25-plus leases encompassing more than 1.5M SF throughout the Southeast, he said.
Ely Razin, founder of the recently shuttered real estate data firm CrediFi, is joining Meridian Capital Group as the brokerage’s first chief innovation officer, The Real Deal has learned. In the new role, Razin will be tasked with expanding Meridian’s digital and analytics strategy, the company said. At a time when many real estate players are looking for a technological edge, that wi...
Dan Hughes, founder of Alpha Property Insight, joins Bold founder Caleb Parker, to talk about the changes coming to building valuations – more specifically about the impact space-as-a-service has on the valuation of commercial assets.
Hughes led the Land and Property Sector strategy and commercial activity at Ordnance Survey, the world’s leading location data specialist. Dan was also Direc...
French startup Colonies has raised a $34 million funding round (€30 million). In addition to that, LBO France is committing to spend $168 million (€150 million) in real estate projects over the next couple of years. Those new buildings will eventually be managed by Colonies. Idinvest Partners, Global Founders Capital and La Financière Saint James are participating i...
WeWork has named Kimberly Ross its new chief financial officer, the company announced on Monday. Ross, most recently vice president and CFO at Baker Hughes, will start at WeWork on March 16. She previously held the same role at Avon Products and Ahold Delhaize, a retail company based in the Netherlands. She sits on the Board of Directors at Chubb Insurance Group, Nestle and PQ Corporation.