News Archives | Page 702 of 1007 | CREtech

Compass says it rejected Realogy’s offer to sell

CRETech September 09, 2019

UPDATED: Sept. 6, 6:58 p.m.: With his back against the mats, Realogy CEO Ryan Schneider considered selling the brokerage to its chief rival: Compass. In a statement Friday, the SoftBank-backed brokerage said Schneider even proposed a plan where the arch enemies would form a joint venture — a proposal Compass said it declined. The statement was made in conjunction with Com...

Uber has surveyed some drivers on small loans, suggesting financial products are coming

CRETech September 09, 2019

Back in June Uber went on a hiring spree in New York, hiring at least 100 fintech-oriented tech workers to ostensibly look at creating products to increase loyalty and engagement among users and drivers, including things like banking. Cue a flurry of ...

WeWork’s plunging valuation could spell concern for other real estate startups

CRETech September 09, 2019

Since the start of 2019, WeWork’s lofty $47 billion has been a fixture of fascination — how could an unprofitable startup be worth more than 15 times its revenue?

Believers of that stratospheric valuation got a reality check this week when reports emerged that WeWork’s parent company was considering halving its valuation...

Five Tips from a Strategic VC to Accelerate Growth of your Proptech Startup

CRETech September 06, 2019

Recently, I was asked to share my thoughts with Forbes on how proptech startups should approach strategic growth within the commercial real estate ...

Online brokerage Dwellowner looks to raise $7M via token offering

CRETech September 06, 2019

Four months after leaving Purplebricks, the embattled firm’s top U.S. executive is looking to raise money for a new discount brokerage. Eric Eckardt is seeking $7 million to $10 million to help grow Dwellowner, a cloud-based brokerage, via a security token offering (STO) in which investors are given cryptocurrency representing their investment. An unnamed investor has already committed to chi...

VTS Named #1 in Data for the Commercial Real Estate Industry at the CREtech Real Estate Awards

CRETech September 06, 2019

NEW YORK--(BUSINESS WIRE)--VTS, New York City-based proptech unico...

Alphabet and other giants are betting that the future of real estate is robotic

CRETech September 06, 2019

With $20 million of new funding from Sidewalk Labs and Ikea umbrella company Ingka Group, the MIT robotics spin-off Ori is moving forward with its ambitious plans to revolutionize architecture.

It seemed like an impossible idea. In 2014, an MIT project called

WeWork Targets $20 Billion to $30 Billion IPO Value

CRETech September 06, 2019

WeWork’s initial public offering won’t be quite the celebration the office-rental unicorn once foresaw. The New York-based startup is considering seeking a valuation of about $20 billion to $30 billion in the IPO, people with knowledge of the matter said. The range could end up closer to $20 billion, said one of th...

Whatever Happened To WeLive?

CRETech September 05, 2019

Back in 2015, Adam Neumann and WeWork had characteristically big dreams for its co-living division, WeLive. According to an investor presentation published by Buzzfeed, WeWork estimated that WeLive would grow from the two locations opening that year to a business that could cater for more than 34,000 residents across a 10.4M SF portfolio with 91% occupancy by 2018.

Reefknot Investments launches $50 million fund to invest in logistics and supply chain startups

CRETech September 05, 2019

Reefknot Investments, a joint venture between Temasek, Singapore’s sovereign fund, and global logistics company Kuehne + Nagel, announced today the launch of a $50 million fund for logistics and supply chain startups. The firm is based in Singapore, but will look for companies around the world that are raising their Ser...