News Archives | Page 778 of 1011 | CREtech

WeWork’s Starry Valuation Dazzles Landlords, Reaffirms Doubters

CRETech May 14, 2019

NEW YORK (Reuters) - WeWork's $47 billion valuation as it heads toward what may be the year's largest initial public offering after ride-hailing firm Uber has made the flexible office space start-up the envy of landlords and the target of skeptics at a time when rents have barely kept pace with inflation.

To com...

WeWork’s reign of FiDi continues with 50K sf lease for headquarters division

CRETech May 14, 2019

WeWork’s portfolio in the Financial District portfolio expanded again after the firm took another 50,000 square feet on Wall Street. The firm signed lease at the Pyne family’s

Rising Rents for Millennials Give Rise to a New Breed of Lender

CRETech May 14, 2019

Jennifer Burnes says the paychecks from her work as a model and designer in Hollywood arrive sporadically, posing a challenge to paying monthly rent. “You know the check’s on the way, you just don’t know when, exactly,” the 22-year-old said.

That is why she turned to StayTony. The property manager has teamed up with Uplift, one of several startups offering loans t...

Miami investor starts crypto platform for real estate investment

CRETech May 14, 2019

Miami real estate investor Remy Jacobson is a cryptocurrency enthusiast. But when the Initial Coin Offering – the crypto equivalent of an IPO – craze came and ended at the start of 2018, Jacobson and his brother, Marc-Jean, wanted to create a way the average investor could invest in digital currencies in a less volatile way.

How Apartment Owners Are Bridging the Technology Gap

CRETech May 14, 2019

Apartment owners are warming up to technology services and solutions. In the past, there, owners have been hesitant to integrate and invest in new technologies, creating a technology gap for renters. Now, apartment owners are seeing the benefits of technology—it can generate higher rents, create more efficiency and better service and actually save money by elimina...

Generation X — not millennials — is changing the nature of work

CRETech May 13, 2019

The generation that is quickly occupying the majority of business leadership roles is one that's grown up playing video games, spends the most time shopping online, and uses social media more habitually than any other generation. If you were thinking it's millennials, that's probably because they've dominated the media's focus for the past decade. But it's actually Generation X, which covers th...

PropTech Company Lane Raises $2.5M, Expands In U.S.

CRETech May 13, 2019

Workplace solutions platform Lane has announced the company is further expanding into the United States. The Toronto-based company, which recently opened a New York office, has raised $2.5M in funding from Alate Partners, Panache Ventures and Colliers/Techstars. The funding will support new hires in the firm's New York office, which opened in April, and a Los Angeles office slated to open in...

Cadre To Fully Launch Secondary Investment Platform To Democratize Real Estate

CRETech May 13, 2019

Cadre is about to fully launch the next wave of its offerings intended to allow individuals to invest in institutional-grade commercial real estate. Cadre Secondary Market will be live on May 15 for all members after coming online as a pilot program for handpicked members in October. The new platform allows members to sell their investments in assets listed on Cadre after one year, rather t...

See inside a coworking space for seniors

CRETech May 13, 2019

When I walked into Senior Planet Exploration Center in New York City’s Chelsea neighborhood, I notice people at computers tweaking fonts on their Wix websites and others chatting about their latest projects. It’s like any other coworking space: busy, lively, and without an empty table around. But the difference is that at 22 years old, I am pretty much the youngest person around–by decades.

LAB Miami partners launch $50M proptech fund

CRETech May 13, 2019

The partners behind the LAB Miami, a co-working space, are launching a proptech fund with the goal of raising $50 million, The Real Deal has learned.

Thomas “Tigre” Wenrich, CEO of the LAB Miami, and his partners, Juan Pablo Cappello, Marco Giberti and Eduardo Barco plan to announce the fund at their Future of Rea...