News Archives | Page 655 of 1015 | CREtech
In the first episode of Beyond the Fifth Wall, Co-Founders Brendan Wallace and Brad Greiwe talk about why they started Fifth Wall and their vision for the firm’s future.
Marina Del Rey, CA-based CREXi concluded the online auction of 11 properties on behalf of Clark County, NV. Bidders in the $63 million total sale included private investors, developers and multiple publicly-traded builders and REITs, with heavy competition continuing throughout the auction. “We are thrilled with the outcome of this auction on behalf of our client,” said CREXi’s Mike DeGiorg...
Harlem Capital, a NYC-based diversity-focused venture capital firm, closed Harlem Capital Partners Venture Fund I, LP, at $40.3m. Fund I has 55 limited partners including TPG, State of Michigan Retirement Systems, Vanderbilt University, the Harry and Jeanette Weinberg Foundation, W.K. Kellogg Foundation, Consumer Technology Association, and Dorm Room Fund. 15 of Ha...
As part of the flurry of announcements coming this week out of AWS re:Invent, Amazon announced the release of Amazon SageMaker Operators for Kubernetes, a way for data scientists and developers to simplify training, tuning and deploying containerized machine learning models. Packaging machine learning models in containers can help put them to work inside organizations fa...
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.