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While Katerra floundered, its executives diverted the firm’s business to their other companies and used its funds for private jet rides and basketball games, according to a new lawsuit.
A digital lending platform is laying off 200 employees as a historic surge in mortgage rates tamps down applications.
Skills that traditionally underpin real estate are no longer fit for purpose, Toby Courtauld, CEO of GPE said at the first session of CREtech London this morning.
Venture investors are rushing into crypto startups, while deal-making in other sectors slows.
SoftBank, through its Vision Fund, is one of the most influential and disruptive forces in the venture capital and private equity markets, typically using that influence to push companies into hyper-growth mode before attempting to take them public. But some investors say its string of defeats hasn't just cost lots of rich people money, they have left deep fractures across the commercial real esta...
Stonal, the European property operations SaaS platform leader, has signed a new funding of $22 million led by RAISE Investissement to accelerate its expansion. This funding will enable Stonal to reach a $100 million revenue target on the European real estate SaaS market by 2027. Robin Rivaton, a recognized VC investor and proptech expert, joins the company as CEO.
In 2021, an investment firm bought 2,000 acres of real estate for about US$4 million. Normally this would not make headlines, but in this case the land was virtual. It existed only in a metaverse platform called The Sandbox. By buying 792 non-fungible tokens on the Ethereum blockchain, the firm then owned the equivalent of 1,200 city blocks.
Serendipity Labs Inc. has announced formation of a new wholly owned subsidiary, WorkplaceCloud LLC, that licenses its flexible office management services technology platform to landlords. WorkplaceCloud offers comprehensive end-to-end capabilities allowing asset owners to manage their own white label or private label flexible office and tenant amenity offerings.
Earth Day, April 22, is an opportunity to reflect on everything our planet and environment does for us — we wouldn’t be here without it after all.