Latest Trends and Insights in Real Estate Technology

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  • EliseAI Becomes Unicorn with $75M Series D Funding Round

    CREtech

    Thanks for keeping up with the CREtech Community in the News! For more news about members of the CREtech Community, follow us on Linkedin.  EliseAI, a proptech company specializing in AI-powered chat and administrative solutions for rental and healthcare properties, has reached a $1 billion valuation following a $75 million Series D funding round led by Sapphire Ventures. This milestone marks the company’s entry into unicorn status. The New York-based firm, founded in 2017, plans to use …

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  • US Utilities Embrace Geothermal Energy to Decarbonize Buildings

    CREtech

    Thanks for keeping up with the CREtech Community in the News! For more news about members of the CREtech Community, follow us on Linkedin.  US utilities are increasingly turning to geothermal energy as a sustainable alternative to natural gas for heating and cooling buildings. A groundbreaking project in Framingham, Massachusetts, by Eversource Energy, uses a networked geothermal system to serve residential and commercial properties. This innovative approach could significantly reduce ca…

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  • AI Could Slash Energy Use and Carbon Emissions in U.S. Buildings by 2050: LBNL Study

    CREtech

    Thanks for keeping up with the CREtech Community in the News! For more news about members of the CREtech Community, follow us on Linkedin.  A new study by Lawrence Berkeley National Laboratory (LBNL) reveals that integrating AI into building operations could significantly reduce energy consumption and carbon emissions. AI could cut energy use by 8% by 2050 under a business-as-usual scenario and, when combined with policy measures and low-carbon energy generation, could reduce building carbon…

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  • CBRE Launches Capital AI to Revolutionize Real Estate Investment Strategies

    CREtech

    Thanks for keeping up with the CREtech Community in the News! For more news about members of the CREtech Community, follow us on Linkedin.  CBRE has introduced Capital AI, a groundbreaking artificial intelligence tool designed to analyze billions of proprietary data points to expand investor pools by up to 20%. Initially launched in the Retail Capital Markets business, with plans to extend to other sectors, Capital AI leverages CBRE’s extensive market data to uncover hidden investment opport…

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  • Nvidia Chip Delay Threatens Big Tech’s AI Data Center Expansion

    CREtech

    Thanks for keeping up with the CREtech Community in the News! For more news about members of the CREtech Community, follow us on Linkedin.  Nvidia’s upcoming Blackwell AI chips have encountered a design flaw, causing a manufacturing delay of at least three months. This setback could disrupt plans by tech giants like Microsoft, Google, and Meta, who have invested billions in these processors for new AI-driven data centers. The delay, reported just months before the scheduled delivery, could p…

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  • DOE Unveils $2.2B for Grid Expansion, Adding Power Equivalent to Six and a Half Hoover Dams

    CREtech

    Thanks for keeping up with the CREtech Community in the News! For more news about members of the CREtech Community, follow us on Linkedin.  The U.S. Department of Energy announced $2.2 billion in grants for eight power transmission projects across 18 states, aimed at expanding and upgrading the grid. The projects will add approximately 13 gigawatts of capacity—comparable to six and a half Hoover Dams. Funded under the 2021 infrastructure law, the grants will support 600 miles of new transmis…

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  • Office Owners in a ‘Race for Resilience’ to Avoid Weather-Driven Obsolescence

    CREtech

    Thanks for keeping up with the CREtech Community in the News! For more news about members of the CREtech Community, follow us on Linkedin.  Houston’s office market, already burdened with high vacancy rates, faces a growing threat from increasingly severe weather due to climate change. Much of the vacancy is concentrated in outdated buildings lacking modern amenities, but recent extreme weather events, such as a derecho and tropical storm, have highlighted the need for office buildings to upd…

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  • Barry Sternlicht of Starwood Predicts CRE Gains from AI Bubble Burst

    CREtech

    Thanks for keeping up with the CREtech Community in the News! For more news about members of the CREtech Community, follow us on Linkedin.  Starwood Capital Group CEO Barry Sternlicht predicts a shift from artificial intelligence investments back to commercial real estate (CRE). On Starwood Property Trust REIT’s earnings call, Sternlicht highlighted how federal infrastructure spending and AI hype have inflated sectors like chipmakers and data centers. He expects a rate cut from the Federal R…

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  • The Future of New York In One Word? Green.

    Michael Beckerman – CREtech

    Written by Guest Contributor: Michael Beckerman, CEO, CREtech I recently read with much delight, and really not much surprise, that Lukky Ahmed is relocating to New York City after his startup, Climate X, raised over $18 million to price climate risk for buildings and infrastructure. I was encouraged to see yet another climate tech startup focused on the built environment successfully raising venture dollars, but not surprised that the CEO is relocating to New York City, which has quickly becom…

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  • Sam Altman Considers Launching Company to Build Data Centers for OpenAI

    CREtech

    Thanks for keeping up with the CREtech Community in the News! For more news about members of the CREtech Community, follow us on Linkedin.  OpenAI founder Sam Altman is exploring plans to develop self-owned data centers as part of an initiative to create proprietary AI chips for the firm. Altman aims to establish one or more companies using external capital to acquire land, secure power, and construct new data centers, which OpenAI would then rent. This move aligns with Altma…

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