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CRETech May 02, 2018
As a private company, WeWork has always kept its numbers close to its chest, leaving the rest of us guessing how much — or how little — money it makes and whether that justifies a $20 billion valuation. But all that changed this week, when the co-working company filed to issue $50...
CRETech May 02, 2018
Brookfield Ventures, Brookfield Asset Management’s new venture fund, has picked its first investment in the commercial real estate industry: $15M for BuildingConnected, a bid procurement platform for the construction industry. pixabay/geralt The investment in BuildingConnected is just the beginning for Brookfield Ventures. The fund plans to invest as much $300M over the next three years in sta...
CRETech May 02, 2018
LOS ANGELES--(BUSINESS WIRE)--PeerStreet, an award-winning platform for investing in real estate backed loans, is excited to announce the appointment of John Devereux as Chief Real Estate Officer. He will be based in the firm’s headquarters in Los Angeles, California. “My experience and skills are a...
CRETech May 02, 2018
It may take five years or fifty depending on who you ask, but there’s great potential for autonomous vehicles to radically disrupt and revolutionize the commercial real estate industry. The relationship between property values and transportation is one of the most durable in human history. The first cities grew up along waterways, railways, and roads. Then Henry Ford’s Model T paved the way...
CRETECH May 02, 2018
You know the names, of course, you do, especially if you have done any type of deals at all. 1. Fidelity National Financial. 2. First American Corporation. 3. Investors Title Company. Of course, there are many more regional and local names I am sure pop into your head. Think about what they actually do beyond pushing over those big checks at the closing table (Does that still happen today?) or is ...
CRETech May 01, 2018
MobileButler, a software company that builds custom applications for resident engagement in multifamily communities, was acquired by Amenify, a real estate technology company based in San Francisco with offices in Denver. Per MobileButler’s website, the company focuses on customized portals for rent payment, maintenance requests, bill payment, and mana...
CRETech May 01, 2018
Mall owners, already squeezed by e-commerce and spending billions on property makeovers to draw shoppers, have a new headache: retailers deducting returns for items bought online from their sales figures. David Simon, chief executive officer of Simon Property Group Inc., says a “significant number” of tenants are...
CRETech May 01, 2018
BOSTON–The MIT Center for Real Estate continued its groundbreaking Real Disruption series, but the latest iteration has undergone considerable changes from the events once held within the cozy confines of the Fort Point Room at Atlantic Wharf. Real Disruption has morphed into CREtech Boston after collaborating with CREtech, a real estate event and information platform...
CRETech May 01, 2018
Downtown Los Angeles might be the go-to for coworking, but in L.A.’s suburban markets, shared workspace is gaining a significant foothold, according to new research from Cushman & Wakefield. And increasing the demand in these areas are companies relocating to the suburbs in search of a better talent pool and cheaper rents.
CRETech May 01, 2018

WeWork, which has raised nearly $7 billion in private-equity and venture capital funding since its 2010 founding, has just raised an additional $702 million in debt financing. The sale of the seven-year unsecured notes, which will have an annual interest rate of 7.875%, is expected to close April 30, the Manhattan-based company announced...