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CRETech November 04, 2019

Adam Neumann stood on the 57th floor of the Woolworth Building, the neo-Gothic skyscraper that was once the tallest in the world. It was late on a Friday night in 2013, and the WeWork founder and chief executive had just made a move to add the top 30 floors to his rapidly expanding real estate dealings.

Mr. Neumann and three employ...

CRETech November 01, 2019
In 2012, Robert Reffkin paid just $335.50 for his stake in a nascent firm known as Urban Compass. Today those shares — made public in a recent court filing — are worth $517.5 million based on Compass’ latest funding round in July. And while Reffkin’s stake was likely diluted over the years, the CEO’s original stock amounts to roughly 8.5 percent of what is now a 
CRETech November 01, 2019

SAN FRANCISCO — Lyft on Wednesday emphasized a new mantra — profitability — over and over again.

In its latest earnings results, the ride-hailing service’s chief executive, Logan Green, said that the company had made progress “on our path to profitability.” He added that Lyft would be profitable, if it excluded a bunch ...

CRETech November 01, 2019

The cloud kitchen craze has reached Latin America. Food tech startup Muy landed a fresh $15 million Series B to expand into Mexico and soon Brazil. The service is currently operative in Colombia.

Muy is a “cloud kitchen meets Chipotle,” says one investor. The company describes itself as a virtual kitchen and smart chef s...
CRETech November 01, 2019
Commercial real estate tech companies went head-to-head once again for Tech Tank at GlobeSt Apartments. The shark tank-style round up features emerging technology companies presenting their unique concepts to investors. This year, Tech Tank included IotasSalto SystemsButterflyMXZerv and Starry. Each pr...
CRETech November 01, 2019

SAN FRANCISCO--(BUSINESS WIRE)--

CRETech November 01, 2019
BEIJING—China plans to turn on its first 5G networks on Friday, setting up the country to leapfrog other nations in deploying the superfast cellular technology at the center of a technological arms race between China and the U.S. China’s three major state-owned wireless carriers, China Mobile, China Telecom and China Unicom, will open the country’s 5G network for public use in about 50 ma...
CRETech November 01, 2019
There are two statistics provided by pop-up retail platform Appear Here that at first seem totally paradoxical, but on closer inspection give an insight into why retail real estate is having such a hard time in the U.S. and UK.
CRETech November 01, 2019
Alphabet Inc.’s plan to create a “city of the future” on Toronto’s waterfront has cleared a major hurdle, though it will be much smaller than once envisioned. Sidewalk Labs LLC, Alphabet’s urban innovation unit and sister to...
CRETech November 01, 2019
The founders of Seattle-based Modus cold-emailed Pete Flint, the founder of Trulia and a current managing partner at the venture capital firm NFX, for months, to no avail. In a last-ditch effort, Alex Day, Jai Sim and Abbas Guvenilir sent one more message to the investor whose real estate listings tool