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Trulia was slapped with a federal lawsuit assailing its Premier Agent advertising program as “unfair” and “deceptive,” and accusing it of diverting home buyers away from listing agents. According to the suit, which seeks class-action status, the Zillow Group subsidiary connects buyers with agents who “have no actual connection to the property being advertised, other than having paid def...

Deals which would have seen WeWork lease 146K SF of new space in London and a further 80K SF in Glasgow have fallen through as the coworking company reviews its business strategy following its failed initial public offering. Deals for WeWork to lease 80K SF at 43 Brook Green in Hammersmith, 42K SF at 60 Moorgate in the City, 22K SF at 3 Paris Garden in Southbank and 20K SF at 1 Ariel Way in White ...

realxdata GmbH, one of Germany’s leading AI and smart data companies for the real estate and financial sectors, has successfully raised Series A capital. SIGNA Innovations, the venture capital arm of the SIGNA Group (founded by Austrian entrepreneur René Benko) leads the about €5 million round, with participation from Ventech, a leading global venture capital firm based in Paris, Munich and H...

Katerra, a Silicon Valley startup backed by SoftBank, has closed a large factory in Phoenix, weeks after one of its co-founders left the firm. The Menlo Park–based firm, which is valued at more than $4 billion, says it uses tech to deliver construction projects inexpensively. But it has a history of delaying or abandoning projects and in recent months has laid off hundreds of employees. The Ph...

In 2018, the U.S. housing market increased its value by $1.9 trillion, bringing the total market size to $33.3 trillion, with an annual sales volume of $1.7 trillion. With fees around real estate transactions that can consume up to 10% of the property sale price, the size of the new dynamic sector that I will write about below can total up to $170 billion per year (with technology eating $100 bill...

Companies are adopting bring-your-own device programs, where employees use their own personal devices on the job. These programs allow employees to use their device of choice on site—increasing efficiency and nixing the standard one-to-one system where a company needs to own the technology infrastructure from end-to-end.

Acuity Brands, Inc. (AYI) announced today it has acquired LocusLabs, Inc., a leading indoor mapping and location platform. The LocusLabs software platform supports navigation applications (apps) used on mobile devices, web browsers and digital displays in airports, event centers, multi-floor office buildings and campuses. Visitors employing LocusLabs’ software can easily search, explore and navi...

Ocado Group Plc got one of its biggest contracts yet to set up robotic warehouses for online grocery sales with Japanese retailer Aeon Co., expanding the U.K. company’s reach into Asia. Ocado’s shares surged as much as 15% early Friday in London, the most in a year and a half on an intraday basis. The British company said it will develop a network of automated warehouses to facilitate home d...

Blackfinch has invested in London-based company Movebubble, founded in 2014. Movebubble offers an app that lists properties available to rent, and helps manage the rental process, from booking viewings to moving into a property. Movebubble has over 30,000 properties available to view in London and Manchester with real-time availability of all those listed.  The app uses data from its users to s...

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.