News Archives | Page 624 of 1007 | CREtech
The demise of two global players marked a reality check for the fast-growing property disruption game in 2019. In May, UK hybrid estate agency Purplebricks quit Australia after a disastrous two-and-a-half years where it racked up massive losses, numerous scandals and where its market value on the London Stock
CREtech (cretech.com), the leading global conference and research company devoted to innovation in the Built World, will be showcasing a panel of the most active companies in the real estate tech M&A space at its first event in 2020. To be held in Austin, Texas on April 22nd and 23rd, the panel will feature the largest and most active companies focused on mergers and acquisitions spanning the ...
MRI Software, a Solon, Ohio – based provider of real estate software solutions, received an investment from funds managed by Harvest Partners, LP, along with TA Associates. The amount of the deal was not disclosed. The company intends to use the funds to bolster innovation across its end-to-end offering, accelerate growth, and extend its global presence. Led by Patrick Ghilani, Chief Executiv...
Venture-backed startups proved their worth in 2019 by following through on successful exit strategies, despite a slowdown in activity near the end of the year. The value of all exits for venture-backed companies, which includes IPOs, buyouts and acquisitions, hit a record $256.4 billion across 882 deals, according to the 4Q 2019 PitchBook-NVCA Venture Monitor. That value was nearly double the $13...
WeWork appears to be pulling back in two major markets after a chaotic close to the year. The number of leases it signed in New York and London slumped in the final quarter of 2019, Bloomberg reports, citing data from CoStar Group. The 64,000 square feet of space WeWork leased in Manhattan represented the lowest in more than five years. In London, its 49,000 square feet leased were the fewest si...
Spencer Rascoff, who co-founded Zillow and was its CEO for nearly a decade, is the ultimate tech industry insider. Rascoff’s newest venture then, doesn’t seem like such a leap. Nearly a year after he left as head of Zillow, Rascoff will launch a news site dedicated to covering the Southern California technology industry, with a focus on Los Angeles. Rascoff introduced the site, dot.LA, in a ...
Oyo, once one of India’s fastest-growing tech start-ups, is now rapidly scaling back. In recent weeks, Oyo, a budget hospitality company, has pulled out of dozens of cities, cut thousands of hotel rooms, started laying off employees and slashed other costs as it faced pressure from its biggest investor, the Japanese conglomerate SoftBank, to curb vast operating lo...
Nestio has just announced two exciting organizational enhancements to kick off 2020. Patrick Kennedy has joined the company as VP of Sales and Tyler Christiansen has been promoted to Chief Operating Officer. Patrick joins from Qualtrics, the Utah-based tech giant, and will be working alongside Tyler, industry vet Stephanie Brown and the company’s revenue team to grow the footprint of its nationa...
Do not miss your chance to hear from the most innovative visionaries at CREtech Austin on April 22-23, 2020. Join us as we explore the next frontier in built world tech while you network with the most innovative leaders in real estate and tech. CREtech’s conferences are proven to deliver outstanding ROI for technology companies, VC’s, landlords/developers, asset managers, brokers an...
There is a conundrum between fueling the $87 billion STR market and supporting innovation. The last decade might well be defined as the sharing economy decade. And, leading the pack are short-term rentals. Houston-based Dunyha founder Tanvir Aman recently shared insights on new approaches for short-term rentals and co-living.