As we barrel towards the start of a new decade, it’s amazing to think about the ongoing transformation within real estate. In the U.S., housing’s contribution to our GDP is ~1
News Archives | Page 649 of 1020 | CREtech
By their nature, cities are dynamic and ever-changing, shaking off the past and constantly reinventing themselves to face the future. But something seemed to happen to U.S. cities over the last decade, a kind of stasis in the face of rapid change. That may seem counter-intuitive, considering just how much urban America changed, from the introduction of new technologies and startups to building boo...
First is a machine learning-based platform that helps agents know when to reach out to consumers in their existing network.
I’m proud to announce that Sapphire Ventures has raised more than $1.4 billion in new capital commitments, bringing our total assets under management (AUM) to almost $4 billion. You can read the full announcement here. This larger capital commitment gives us the flexibility to support more entrepreneurs who are building what we call Companies of Consequence: visionary companies that seek...
This week was a relatively slow week in in real estate tech venture capital, with multiple deals in insurance, construction and investment management technologies. The largest deals took place in the insurtech and lease process management categories. In Europe, wefox Group, the Berlin-based insurtech company, has boosted its Series B to $235M after closing an additional $110 million. In the US,...
In Los Angeles, rising rents are forcing people to leave the city and exacerbating the area’s homelessness crisis. The county needs more than half a million new units of affordable housing to meet demand. A new startup, called United Dwelling, wants to take advantage of the county’s 250,000 underused two-car garages (and its hundreds of thousands of backyards) to tackle the problem—making a ...
When thinking about venture investable opportunities, it comes as no surprise that housing and residential real estate are particularly interesting for us at OMERS Ventures. The sum total value of all the houses in America was valued at $33.3 trillion in 2018, representing a 49% increase from 2012....
WeWork, seeking to cut costs and unload assets, is in discussions to sell one of its business units for less than a quarter of the price it paid eight months ago, according to people familiar with the talks. A group of investors and technology executives are negotiating a purchase of the Managed by Q unit from WeWork that would value the software business ...
Workplace services company Convene reports that it has entered a managed service agreement with Sterling Bay for 22,000 square feet at the One Two Pru office complex in the South Loop here. The deal expands the Convene-Sterling Bay workplace services partnership to three Chicago properties. Under the terms of the deal, Convene will manage the building’s meeting and amenity experience on the 11t...