News Archives | Page 720 of 1011 | CREtech

CRETech August 13, 2019
VTS Inc, a U.S. property-tech unicorn, is expanding its Canadian operations with an engineering hub in Toronto. The New York-based company plans to hire at least 50 staff by the end of 2020, taking advantage of the city’s deep pool of engineering talent and strong commercial real-estate customer base, according...
CRETech August 13, 2019
Among U.S. demographic groups, millennials care the most about having sustainable features in the apartments they rent, and even say they are willing to pay more for such green features, according to a new report by multifamily developer AMLI Residential. Millennials reported feeling particularly concerned about climate change and expressed a heightened desire to solve environmental problems...
CRETech August 13, 2019
If one thinks back to the state of information technology within large, traditionally non-technical companies ten or 15 years ago, there was a vast trend to outsource technology. The belief went that much within IT was non-differentiating, and it would be cheaper to have other firms (often in places like India, Mexico, or Eastern Europe) do the work.
CRETech August 13, 2019
Nearly five billion home wi-fi devices are in use around the world, according to a new report that also predicts “a new wave” of wi-fi smart home devices will drive adoption towards a total of 17 billion in use worldwide by 2030. The figures cement “the wireless home” as one of the leading technological trends of the early 21st Century and wi-fi technology looks set to remai...
CRETech August 13, 2019
Last September, Brandon Weber gave up his day job as one of the leaders of commercial real estate tech’s most-hyped startup, VTS. He then decided to buy a one-way ticket and go traveling. Weber had founded Hightower, which merged with its chief rival VTS in November 2016 to create what Weber and VTS boss Nick Romito billed as a $300 million company. But 
CRETech August 12, 2019
It’s Thursday and the residents of Jakarta’s Cosmo Park are out jogging, watering their plants or walking their dogs along neat asphalt roads. Neighbourhood kids pedal their bikes under frangipani trees and peach-coloured bougainvillea to the pool and tennis court. Apartments, comfortable and modern, sit side by side, with barbecues and toys stacked outside. Quiet and orderly, it feels l...
CRETech August 12, 2019
eXp Realty, the fast-growing virtual brokerage, has reported a “record” $266.7 million in revenue in the second quarter of 2019 — a 104 percent year-over-year increase. In its latest earnings report, the firm also reported $2.2 million in net losses, up 16 percent on the...
CRETech August 12, 2019
Real estate companies from Zillow Group to Keller Williams have jumped on the nascent iBuying craze. But what’s the cost to home sellers who sell their homes with these services? An extra 13 to 15 percent. That’s according to a new study from data firm Collateral Analytics, which aimed to put a price tag on the cost of using iBuying platforms, which allow buyers to purchase homes instant...
CRETech August 12, 2019
Sometimes lost in Zillow Group’s surprising pivot to focus primarily on transforming how people buy and sell homes is its evolution into a mortgage lender. The company jumped into mortgages with the
CRETech August 12, 2019
Construction tech unicorn Procore  has acquired its third startup in 12 months as part of its plan to broaden its offerings through M&A. Late yesterday, the southern Califo...