The global commercial real estate firm CBRE is teaming with the owner of the 1818 Market St. office tower on two stories of shared space at the Center City high-rise that would compete with the likes of WeWork. The 50,000-square-foot coworking space, which is set to open during the last three mon...
Dottid, a Dallas-based commercial real estate software-as-a-service technology platform, announced it has raised $3.85 million in seed funding. The proptech startup says it’s the first-of-its-kind to provide a singular location for owners, brokers, and tenants to seamlessly transact throughout the leasing process. Dottid said the funding will be used for product development and expansion, wit...
FlashParking, an Austin-based developer of parking management software and services, has raised $60 million in new financing from the private equity investment firm L Catterton. The company’s software, first launched in 2011, provides real-time data and variable pricing options for parking space providers. FlashParking’s CEO and co-founder, Juan Rodriguez, envisions...
Much has been written about the impact automation will have on the global workforce, with manufacturing and related occupations expected to be heavily affected. More recent studies, such as one from Brookings Institution that came out last year, suggest that higher-wage occupations will feel the impact as well.
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 ...