News Archives | Page 622 of 1015 | CREtech
Up until his retirement from the company in December, Hoopes had been the chief executive of San Francisco-based Swinerton since 2013. The commercial construction company named Eric Foster its 12th CEO earlier this month, Bisnow reported at the time. Now, after 35 years with Swinerton, Hoopes steps in as a construction expert for Katerra, a self-described tech company intent on revolutioniz...
Commercial real estate stakeholders aren’t leaving data privacy and cybersecurity to chance in 2020. Stakeholders across the industry are clamping down as both become a pressing challenge among connected buildings, Arie Barendrecht, CEO of WiredScore, a CRE tech firm and creator of a digital connectivity rating system for the sector, tells GlobeSt.com.
The next wave of smart building solutions is forecast to grow at 32 per cent compound annual growth rate (CAGR) over the next eight years to create $2 billion in software and services revenues by 2026. According to a new report from global tech market advisory firm ABI Research, the smart building market has begun to grow and evolve away from the traditional areas of HVAC, lighting, access contro...
WeWork, the struggling co-working giant attempting to turn itself around after a botched IPO attempt, is tapping industry veteran Sandeep Mathrani as CEO.
Mathrani is taking over the role from Artie Minson and Sebastian Gunningham, the Wall Street Journal reported. The two have served as co-CEOs of the We Company — WeWork’s parent — since the departure of the startup’s founder, Adam Ne...
Texas-based property management software provider RealPage was the target of hackers who stole $10.5 million from the company’s accounts, according to local media.
Venture capitalist Tim Draper has invested $3.5 Mn in Tribe Theory, an international entrepreneur-focused hostel chain. The hostel chain was founded by Vikram Bharati in Singapore and came into India with the acquisition of Construkt Startup Hostels founded by Shashikiran Rao and Karan Bahadhur. With this, the existing hostel will rebrand to Draper Startup House (DSH...
Knox Financial, the eight-month-old Boston startup that turns homes into investments by renting them out for the owners, has raised $3 million in seed funding led by Greycroft with participation from Pillar VC. The money will help propel Knox’s expansion into new markets over the next 12 months. Launched in Boston last March with $1.4 million in seed funding, Knox’s pilot program had the co...
Six out of 10 senior executives in the world’s biggest real estate firms believes the rise of platforms that cut out agents and other intermediaries will cause major disruption in the years ahead. Software giant Altus Group surveyed 400 senior executives at some of the world’s largest real estate firms, each with at least $250m assets under management and representing a total AUM of more than...
FUTURE PropTech, part of the World’s number one real estate technology event series, has announced a new CONTech Pavilion for the 2020 London show. As the convergence of smart buildings, digital twins, BIM, AI, robotics and other technologies become commonplace, The ConTech Pavilion will provide a dedicated meeting point for the leading solutions providers, world class speakers and VCs focused o...
2019 was a riveting year for PropTech. Venture investments peaked at $25BN (double that of 2018), acquisitions picked up (a handful at >10x revenue multiples!), unicorns emerged (VTS), and valuations hit new highs. While one PropTech titan wound down its IPO (WeWork), another is getting ready for the hottest IPO of 2020 (AirBnB). The cycle is hitting a dizzying pace. Five years ago, when we bo...