Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
Crunchbase
The past few months have been challenging for U.S. renters faced with a combination of rising costs and low availability. Over roughly the last year, the median monthly asking rent reportedly increased a whopping 17 percent, with at least 10 metro areas posting hikes of 30 percent and up.
PlaceTech
The firm behind New York’s iconic Hudson Yards development has picked HqO as its tenant and workplace experience platform.
daryn
Brimstone Energy is taking on a challenge of biblical proportions: producing mass-market, zero-carbon Portland cement, a key building material. If it succeeds, the implications for the real estate and construction industries are so enormous that investors have poured $55 million into the startup before it has made a single dollar.
EGI
Hiring people who “know how to fail” has been at the top of Dean Hopkins’ list of priorities since he took over as chief operations officer of Canadian real estate investor, developer and asset manager Oxford Properties in 2019.
TechCrunch
If you own a home, Sealed has a heat pump to sell you. The Manhattan-based startup, which helps homeowners replace their oil- and gas-gulping heating systems via an unusual financing model, has secured an additional $29.5 million in a new deal led by property-tech investor Fifth Wall. Other investors, including Robert Downey Jr.’s FootPrint Coalition and CityRock, also chipped in….
Canary Media
Dozens of all-electric buildings are sprouting across Washington state as more developers ditch gas-fired systems in a bid to curb pollution. A diverse array of facilities now use electric heat pumps to warm rooms and water supplies, including a renovated K-8 school in West Seattle, a community center for the Skokomish Indian Tribe, a youth theater in Bellevue, and Microsoft’s corporate campus kitchen in Redmond.
Axios
Airbnb CEO Brian Chesky announced yesterday that the company’s 6,000 employees can live and work anywhere, and said the trend is good for business.
The Real Deal
CoStar Group shares rebounded in early trading Wednesday after the company reported higher profits and revenue in what CEO Andy Florance called its “best sales quarter ever.”
SIA
The Security Industry Association (SIA) recently announced the Proptech Advisory Board, as you may be aware. The mission of this group is to foster engagement between the proptech community and the global security industry through partnerships, education and thought leadership.
TechCrunch
If you own a home, Sealed has a heat pump to sell you. The Manhattan-based startup, which helps homeowners replace their oil- and gas-gulping heating systems via an unusual financing model, has secured an additional $29.5 million in a new deal led by property-tech investor Fifth Wall. Other investors, including Robert Downey Jr.’s FootPrint Coalition and CityRock, also chipped in….
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