WeWork’s efforts to cut costs following the ouster of its chief executive officer and a delayed initial public offering looks to be impacting its subsidiaries. Meetup, which WeWork acquired for a reported $200 million in 2017, announced a round of layoffs this morning, TechCrunch has learned.
The company, which helps people foster in-person connections by facilitat...News Archives | Page 671 of 1011 | CREtech
Buying a home is one of the biggest, and most expensive, decisions in a person’s life. Over the past year or so, we’ve written about a slew of startups that have developed technology aimed at making the process smoother and cheaper in one way or another. Today, another such startup, San Francisco-based HomeLight, has announced a $109 million round of debt and equity funding. The financing rou...
America's top supermarkets are facing a new challenge: Grocery aisles in stores aren't suited to meet the growing demand for online orders. So Walmart, Albertsons, Stop & Shop, Meijer, Hy-Vee and others are building automated mini-warehouses inside their stores and opening up "dark stores" — locations that look like supermarkets but are closed to customers — to make deliveries and prepare...
Software development companies tackling services for niche industries, like commercial real estate subcontracting, continue to find Los Angeles to be fertile ground for development. The latest company to raise funding from a clutch of investors is BuildOps, which raised $5.8 million in seed financing from some big names in the Los Angeles tech ecosystem.
Led by Fika Ventures, with additional i...
Listen now to episode 2 of The Real Crowd's podcast interview series, "Fundamentals of Commercial Real Estate Investing" at CREtech New York 2019 featuring Dave Eisenberg, Founding Partner, Zigg Capital; Tom Arnold, Co-Founder & CEO, Gridium; Taylor Odegard, Co-Founder & CEO, NavigatorCRE; and Kevin Shtofman, COO, NavigatorCRE.
Intel reckons its new office in Petach Tikva, Israel, is “the smartest building in the world”. The 800,000-square-foot, 11-storey building named PTK1 houses 2,000 employees and took three years to construct. One of the reasons behind Intel’s claim is that PTK1 includes 14,000 sensors. Intel says 7,000 is the norm for other high-tech buildings, although The Edge in Amsterdam, often cited as...
Deloitte’s 2020 Commercial Real Estate Outlooksurveyed 750 owners, operators and investors in 10 different countries across various commercial real estate sectors to gauge to top tech trends for 2020. Jim Berry, a partner at Deloitte & Touche LLP, said that real estate is no longer about ‘location, location, location’ and has evolved into a new mantra tha...
Confirming data plan price leaks by China Mobile and its rivals earlier this week, China’s top three cellular carriers have officially commenced commercial 5G data services today, with aggressively priced data plans. Each of the carriers has launched in a strong initial collection of cities, with a promise to cover as many as 50 locations by year’s end.
As of today, actual 5G service appe...
When it comes to technology, the real estate industry has traditionally been slower to embrace advancements than many other fields. Breakthroughs eagerly adopted by other industries initially met with resistance from leading real estate players, leading to the kind of delayed adoption that unnecessarily hems in sales and profits.
But as competition has grown more robust year after year the real...
Office-space company Breather is stocking its executive ranks in a bid to ramp up expansion. The firm, which offers meeting spaces on an hourly basis, and office space from a day to months at a time, has hired former Regus executive Dan Suozzi to lead its real estate division. He started Friday. “My main priority is to expand the portfolio,” said Suozzi. That mission comes at a tumultuous time...