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Wilshire Lane Capital Launches New Fund to Invest in the Rapidly Growing PropTech Space

Businesswire
2/25/2022

Wilshire Lane Capital (“WLC”) today announced it has received $40 Million in LP commitments with the first close of its debut fund. New investors in the first close include J.P. Morgan Asset Management, Nile Capital Group, Schusterman Family Investments, TRB Advisors, First Close Partners, Asland Capital Partners, Bullock Capital and Efrem Kamen, founder of Pura Vida Investments, as well as anchor investor Morgan Properties, the largest private multifamily owner in the United States. Founded by …

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Avison Young launches flex offices division

Placetech
2/25/2022

The real estate services firm has set up a UK flexible workspace team with the appointment of two former WeWork employees.

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VTS founder and ex-CBRE CFO join Withco

Placetech
2/25/2022

A US startup that seeks to make commercial real estate ownership accessible to small business owners, has hired two industry veterans in a drive to become a “true institutional investor”.

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Edozo Q&A: Why real estate needs data-heavy maps

Placetech
2/25/2022

Edozo likes to keep things simple. At its core, the mapping and research startup exists simply to help real estate professionals understand the value of assets more quickly and accurately, says founder and CEO Marcus Ginn.

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THE BUILD-FOR-RENT SURGE: A Q+A WITH PRETIUM PARTNERS

Builder Online
2/25/2022

Build-for-rent housing has boomed since the pandemic began. More than 6,700 build-for-rent homes were completed in 2021 alone, marking a record-breaking year for the sector.

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It’s Still Early to Know If CRE Will Treat the Metaverse as Real

GlobeSt
2/25/2022

It’s been close to 50 years since the rock group Queen asked the questions: “Is this the real life? Is this just fantasy?” in the classic Bohemian Rhapsody. Commercial real estate is trying to find some answers.

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Employee surveillance, humiliation and exodus at CoStar

The Real Deal
2/24/2022

One of the biggest real estate data firms is dealing with a mass exodus of employees amid allegations of surveillance and humiliation by former workers.

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JLL Names Nashunda Williams As New Diversity And Inclusion Chief

Bisnow
2/24/2022

JLL is replacing its chief diversity officer, just over one year after the brokerage created the role. Nashunda Williams has been named head of diversity, equity and inclusion, the brokerage announced Tuesday. She takes the reins from Ingrid Jacobs, who was appointed in January 2021 and was the first person to hold the brand-new job. …

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AS LOW-COST UNITS BECOME INCREASINGLY SCARCE, LOW- AND MODERATE-INCOME RENTERS ARE LOSING ACCESS TO MANY NEIGHBORHOODS

Harvard
2/24/2022

According to the Center’s recently released report, America’s Rental Housing 2022, the loss of low-cost rental units is making it increasingly difficult for low- and moderate- income renters to find affordable housing. Whether due to rising rents, conversions out of the rental stock, or outright demolition, the report tells us that the number of units renting for less than $600 fell by 3.9 million between 2011 and 2019. As the interactive map below shows, declines occurred in every state (Figure…

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Top of the Morning

Axios
2/24/2022

The flow of SPAC news continues to feature new vehicle formations, IPOs, and some mergers — but soon, it’s also likely to include a whole lot of liquidations.

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