News Archives | Page 620 of 1015 | CREtech
Poised on a cliff above First Avenue, Tudor City was conceived during the 1920s by the storied developer Fred F. French as a high-rise community for thousands of middle-class residents. A century later, it remains a throwback to the early glamour days of skyscraper living: a dozen brick towers fancifully decorated with half-timbered lobbies, stone crests and other mock-Tudor details.
Real estate fund manager Patrizia has acquired a real estate crowdfunding platform that recently went into administration. The German-based company has bought BrickVest, a proptech business that was created in 2014 to enable individuals to participate in institutional-grade real estate deals. BrickVest raised close to £12m (€14.1m) and made a number of real estate deals before going into admi...
The goal for the fund would make it Pi Labs largest to date—five times the value of Fund 2. “The success of our first close of Fund 3 firmly cements our position as one of the leading European proptech VCs,” said Faisal Butt, chief executive, chairman, and founder of Pi Labs. “It is testament to the continued appetite for institutional capital to be invested into proptech.” In June ...
Japan’s tourism industry is booming, but it faces a hotel room shortage, especially in Tokyo as the country prepares for the Summer Olympics. H2O (the name stands for Hospitality 2.0) addresses the market opportunity with a platform that helps vacation rental owners manage their properties. The startup announced today it has raised $7 million in Series B funding from Samsung Ventures, Stonebridg...
Law firms have been one of the mainstays in traditional office space; however, that trend may be shifting. Law firm leasing expert Jonathan J. Larsen at Avison Young, has seen more law firms considering small and more efficient workspaces. “I am seeing one broad trend among the majority of law firms—they are seeking smaller, more efficient and flexible office s...
For the past decade, North America has been dominating headlines within the real estate technology (proptech) industry. Venture capital interest in proptech companies has seen a steady increase in the last few years, more so in North America than any other continent. This surge in interest is partly driven by the proliferation of companies that aim to transform the real estate landscape in the U.S...
A lean, tech-oriented hotel operator, Life House, has raised $30M in a Series B funding round, it announced this week, which comes as its business model is being put to the test. Life House's model is to be hired by independent hotels, do a cosmetic refresh and use proprietary software to operate the property with minimal staff. At a typical Life House hotel, there may be just housekeepers and a ...
1Huddle, a Newark, N.J.-based workforce tech company, raised $5m in Series A funding. The round was led by Tribeca Venture Partners with participation from Humbition, NRD Capital and Newark Venture Partners. The company intends to use the funds to increase staffing, accelerate growth, and meet global demand for its product.
Led by Sam Caucci, CEO and founder, 1Huddle provides...
Property developers are building kitchens in empty mall space and parking lots to fill food-delivery orders, a new approach in the fast-growing business of shuttling meals to customers. The plan to make restaurant food for delivery in former retail space melds two industries that have been upended by e-commerce.
As WeWork crumbled last year, one onlooker watched with glee. Amol Sarva, who as CEO of office-space firm Knotel had needled his high-flying rival for years, finally had his moment. “We’ve been waiting for the music to be over,” Sarva told the Financial Times. “And now the music is over, and it’s time to dance.” He strutted as WeWork lost $40 billion in value, ousted its CEO, slashed...