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Zug, Switzerland-based IWG owns office space and competes with New York-based WeWork Cos. (Bloomberg)—Brookfield Asset Management Inc. and Onex Corp. are preparing an offer for IWG Plc that will value the commercial real estate company at about 2.7 billion pounds ($3.7 billion), people familiar with the matter said. Zug, Switzerland-based IWG, which owns office space and competes with New York-b...

Redfin CEO Glenn Kelman published the below diary of the company’s IPO on Linkedin on Jan. 16, 2018. Boarding Delta 2989 in Chicago on a Friday night, I left Chris Nielsen, our CFO, in 16D and headed to the bathroom. We’d been scrunched together in the back row of a black SUV for the first five days of our roadshow but now, when I latched the bathroom door, I was alone. I called our chairman t...

Delivery logistics startup Bringg raised $12 million, bringing its total Series B funding to $22 million, the company announced Tuesday. Investors in the round included Salesforce Ventures, automotive investor Shmuel Harlap and real estate and shipping magnate Eyal Ofer. The company says the new funding will help the company expand its international presence. Bringg now has $31 million in total ...

Rendering of project at 8777 Washington, with Apple logo (Wikimedia Commons) Apple is moving into Culver City. The technology giant has agreed to lease the entirety of Lincoln Property Co.’s 128,000-square-foot building at 8777 Washington Boulevard in Culver City, The Real Deal has learned. Terms were not disclosed. HBO was set to be the sole tenant leasing at the site, but those plans fell thro...

Colgate unveiled a new smart toothbrush called the It can map your mouth, emit "sonic vibrations," and provide real-time brushing feedback. The toothbrush will cost $99.95, and you can only buy it through Apple. Colgate is teaming up with Apple to sell you a high-tech toothbrush. Called the E1, the "smart" electronic toothbrush gives you real-time brushing feedback, maps your m...

Chicago, Ill. (January 16,2017) – SVN | Chicago Commercial has completed the sale of Indian Trails Apartments and Ridge Gardens Apartments for $26.5 million. Combined, the two affordable housing complexes include 312 units. Cody Doran, Assistant Vice President, and Reid Bennett, Senior Vice President, of SVN |Chicago Commercial represented the seller, Indian Trails & Ridge Gardens LLC, in th...

Airbnb is setting its sights on disrupting the entire travel industry, not just hotels. In an interview with VentureBeat, the firm’s vice president of engineering Mike Curtis said that personalization could help expand itineraries from end to end, with Airbnb helping to arrange transportation, entertainment and other aspects of its customers trips. Airbnb has already secured a dominant position ...

Instacart has today announced the acquisition of Unata, a Toronto-based company that offers a platform for both grocers and consumers to interact digitally. The terms of the deal were not disclosed. Unata’s product, unlike Instacart’s, is a white-label grocery platform, letting grocers anywhere create apps and websites for consumers to order products, complete with coupons, purchase tracking, ...

The rise of Bitcoin, a form of cryptocurrency, has piqued the interest of real estate brokerages. For interested sellers, some brokerages are now listing properties with the equivalent prices in Bitcoin. Across the nation, brokerages and clients are now exchanging cryptocurrency for properties. Bitcoin is an experiment for real estate brokerages looking for a competitive edge for their listings. T...

Mark Rose, Avison Young With the exception of a sprinkling of uncertainty here and there, the commercial real estate industry has been riding high for the last several years, but this year, while sunny skies are still in the forecast, it won’t exactly be business as usual. According to commercial real estate services firm Avison Young’s new report, 2018 North America and Europe Commercial Real...