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...
News Archives | Page 647 of 1015 | CREtech
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...
Shadow Ventures, a U.S. based technology venture capital firm focused on investing in seed-stage startups disrupting the $40 trillion real estate and construction markets, announced today four new members for its Strategic Advisory Council. The members form an elite group of influential leaders with robust and diverse backgrounds, committed to the development of innov...
Owning a house is one of the biggest events in a person’s life. It’s no wonder then that a slew of startups have emerged in recent years with the goal of “streamlining” the home-buying process, or helping people more creatively fund their purchases or remodel their homes. Personally, I’ve covered the raises of no less than a dozen of said startups in 2019 alone. But the year’s not ove...
Food retailers are making big bets on small warehouses to bulk up their growing delivery businesses, as supermarkets try different approaches to get groceries to customers more efficiently. Albertsons Cos., Walmart Inc. and other chains are building small fulfillment centers near existing stores and customers to quickly fill orders placed online. More groc...
As it went into the summer, WeWork had a big war chest of equity to spend on buying buildings it occupied. But as with much of its business, that strategy is now on hold. WeWork said in May that it was raising just shy of $750M of equity from investors for its own property fund, and announced it was setting up a joint venture with Canadian pension fund Ivanhoé Cambridge to invest up to $2.9B of ...
Layoffs at WeWork will total more than 900 in New York City, according to a filing by the company this week. The co-working giant announced last month it would lay off about 2,400 employees across the company. The filing to New York state, which was required because of the high number of positions to be cut, specified that 911 New York employees will be affected — all in Manhattan except for se...
Trust. This was a common answer at the recent Smart Cities Week in Washington, DC to the question, “what is your biggest challenge in implementing smart city projects?” It was the answer given by multiple municipal representatives at different times and in different sessions. Not project planning. Not capital expenses. Not vendor selection or approval processes. Trust. Trust by residents tha...