News Archives | Page 94 of 1019 | CREtech

WeWork Loss Narrows as Desk Sales Reach Prepandemic Levels

henry May 17, 2022

WeWork Inc.’s first-quarter loss narrowed sharply as gross desk sales reached prepandemic levels with the gradual return of employees in the U.S. to in-person work.

The shared-office company said Thursday its top line rose 28% from a year ago, with 166,000 desks sold, ...

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“A lack of public sector competence” limits proptech’s growth but Gmaven is providing solutions

henry May 17, 2022
Using terminology like Proptech and Fintech (popular buzzwords in today’s tech scene) would have elicited raised eyebrows only 16 years ago. During that time period, technology was only marginally accepted throughout businesses and economies.
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Israeli startup Firmus raises $4.5m for pre-construction AI software

henry May 17, 2022
Israel-based pre-construction AI and computer vision startup, Firmus, has raised $4.5m in seed funding. The company says that the fresh funding will help to bring data-driven decision-making capabilities and AI-based risk management to the early stages of construction projects.
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Smart Home Devices in the MDU Market: Connectivity, New Partnerships & Proptech Solutions

henry May 17, 2022
Multidwelling units (MDUs) and multifamily properties are buildings designed to house several different families and contained in a single building or several buildings within one complex. The building is typically divided into separate housing units and is owned by one entity.
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Tech Layoffs And Hiring Freezes Appear To Accelerate

henry May 17, 2022
While earlier in the year, much of the talk in the tech sector focused on falling valuations, dropping stock prices and slower funding rounds, a lot of chatter the past two months has been around something that hits much closer to home for many people.
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DEALS | Brookfield, Fifth Wall bet big on e-retail for construction

daryn May 16, 2022
Backed by one of the world’s largest asset managers, Material Bank wants to reinvent real estate supply chains by aggregating hundreds of thousands of design and construction materials.
...
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Apartment dwellers face hurdles in the race to install EV chargers

daryn May 16, 2022
After Jules Stewart ordered an electric vehicle, her next move was to ask the property manager of her northern Sydney apartment building about installing a powerpoint in the garage.
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Softbank Funds Post $27 Billion Loss

daryn May 16, 2022

The news has gone from bad to worse for SoftBank.

The Japanese conglomerate said on Thursday that it had lost about $27 billion in its two Vision Funds for the year that ended in March, as many of the major tech companies it invests in have struggled under rising inflation, concerns about Covid lockdowns in China and broad weakness...

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IKEA-backed NORNORM launches its subscription-based furnishing service in Germany: Know more here

daryn May 16, 2022
Copenhagen-based NORNORM, a subscription-based furnishing service offering workspace solutions through circular renting models, announced on Wednesday that it is expanding its business to the German market.  
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AnthemIQ Partners with CompStak to Empower Brokers with CRE Data

daryn May 16, 2022

AnthemIQ, the leading transaction management software for tenant rep brokers, announced a partnership with CompStak, the nationwide commercial real estate data and analytics platform. With this partnership, tenant reps using AnthemIQ will be able to easily access CompStak data related to listings on the AnthemIQ platform.

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