Latest in Commercial Real Estate Tech News by CREtech

Latest Trends and Insights in Real Estate Technology

Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.

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Washington state moves to electrify new buildings by requiring heat pumps

Canary Media
5/3/2022

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.

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Airbnb goes remote-optional forever

Axios
5/3/2022

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.

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CoStar Shares Rebound On Higher Q1 Profits, Revenue

The Real Deal
5/3/2022

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.”

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What Is Proptech, and Why Should I Care?

SIA
5/3/2022

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.

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Sealed will eat the cost of decarbonizing your home if it can’t cut your energy waste

TechCrunch
5/3/2022

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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What role does web3 and the metaverse have to play in the future of real estate?

Medium
5/3/2022

It’s almost impossible to read anything about tech these days without tripping over something related to web3 and the metaverse. I’ve been particularly interested in the topics from a real estate perspective, given my proptech focus.

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JLL Spark leads Re-Leased’s $15m funding round

PlaceTech
5/3/2022

Backing from JLL’s venture capital arm will fuel the commercial real estate management startup’s expansion across the US, Asia Pacific and the UK.

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Second Avenue Lands ~$250 Million Investment from Monroe Capital

Second Avenue
5/3/2022

— Single-Family Rental Investment Platform Expects to Deploy ~$1 billion annually — Tampa, FL (April 28, 2022) – Second Avenue Group (‘Second Avenue’), a full-service, institutional quality single-family rental platform (“SFR”), announced today that Monroe Capital LLC, a leading private credit asset manager, has committed approximately $250 million to its investment platform through a mix of debt and equity capital. The commitment brings Second Avenue’s current capacity for ne…

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CREtech London | GPE boss calls for real estate skills reboot

PlaceTech
5/3/2022

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. …

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Office leasing deals in the Twin Cities are picking back up, report says

Biz Journals
4/29/2022

Office leasing activity rebounded to pre-pandemic levels in the first quarter this year, but the amount of space that tenants vacated was larger than the amount of space that tenants began occupying in the first quarter, according to a new report from JLL.

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