Marcelo Claure flopped into a chair late this week at WeWork’s headquarters in New York, looking exhausted and exhilarated, his 6-foot-6 frame splayed across the glass meeting room. Mr. Claure, the newly installed executive chairman of the embattled company and a top lieutenant of SoftBank’s Masayoshi Son (who plowed over $10 billion into WeWork), has been prepa...
News Archives | Page 639 of 1007 | CREtech
As 2019 enters its final weeks, it seems timely to start looking at what sectors are poised to close out the year with a bang. This seems to be the year that every startup decided to become a bank. And every venture capitalist decided to write a check to one or more of those startups. Much of the funding went to “neobanks,” a fancy term to describe upstart digital banks working on everythin...
In the two years since electric scooters first arrived on the streets of Southern California, the e-scooter industry has exploded beyond virtually everyone’s expectations. Startups like Bird and Lime have built an international presence and now have private valuations that exceed $2 billion. Ride-sharing heavyweights Lyft and Uber (the latter through its own micro-mobility vertical, Jump) have ...
Predictive analytics has become as necessary as a cup of coffee in the morning for CRE professionals, Neelika Choudhury, senior vice president of product strategy at Ten-X Commercial, a commercial real estate technology firm, tells GlobeSt.com. “Users are demanding predictive analytics with our offerings,” she said.
The network teamed up with Raleigh-based drone tech startup PrecisionHawk to use sensors to cut through the fog and canopy on the jungle floor. And according to to PrecisionHawk’s CEO, Michael Chasen, while the team came up treasureless, it explored areas unable to go by foot. PrecisionHawk just raised $32 million to help the commercial drone industry — get off the ground. Investors in the ro...
In early October, WeWork’s board of directors trickled into a brick building in lower Manhattan where the startup had an office. After they took their seats around the conference room table, Mark Schwartz started to vent. “I’ve stayed silent too long,” the 65-year-old former Goldman Sachs Group Inc. partner told the six other men on the board, includ...
Today, WhyHotel, one of Camber Creek’s portfolio companies, announced the close of its $20 million+ Series B funding round. WhyHotel, a hospitality company that operates pop-up hotels in new luxury residential buildings, partners with property owners to provide short-term rental options to hotel c...
VTS is shopping for new retail customers. The New York City-based prop-tech company is primed to roll out a package of software tailored to retail landlords early next month, according to CEO Nick Romito. The move signals a renewed effort from VTS to reel in major retail owners, fresh off the company’s $20 million acquisition of PropertyCapsule in October. Romito called it a “significant” ...
It was February 2019 when Zillow co-founder Rich Barton reclaimed the CEO role in dramatic fashion, betting the future of the $8 billion company on instant home-buying. In the months since, the Seattle-based listings giant has made good on its promise to go head-to-head with competitors ranging from Opendoor and Offerpad, to Keller Williams and Realogy. But Zillow’s chief rival Realtor.com has...
Major retail landlord Unibail-Rodamco-Westfield has inked a deal with Verishop, an e-commerce platform, to open 14 pop-up or inline retail concepts at eight Westfield shopping centers in the United States. The line between online and physical retail is increasingly blurry as new shops, or "digitally native vertical brands," open in malls. Among others, eyeglasses seller Warby Parker, shirt sell...