Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
Bisnow
Finally it happened: The crossover moment has occurred. Some signs of the old normal are back. One of the most conspicuous Covid winners — videoconferencing group Zoom — has now fallen to parity with one of the pandemic’s most conspicuous sufferers, hotel group Hilton. …
TechCrunch
Thrive Capital, the venture firm founded in 2009 by a then-25-year-old Joshua Kushner, says it has closed its eighth fund with approximately $3 billion in capital commitments, $500 of which it plans to invest in early-stage startups and another $2.5 billion that it has earmarked for later-stage companies.
Smart Cities World
A report from European innovation engine EIT Digital explores whether digital transformation helps reduce non-green energy use or enhance consumption of non-green energy in the overall economy. …
GlobeSt
McKinsey Global Institute has issued a new report on the global cost of transitioning to net-zero carbon emissions by 2050 that says the world will need to spend $275 trillion, or an average of $9.2 trillion per year in new capital spending to transition physical assets for energy and land use in order to achieve the goal.
The Real Deal
Natural disasters caused $56.9 billion in property damage in 2021, according to a new climate change catastrophe report from CoreLogic. Wildfires, floods, twisters and winter freezes hit nearly every major market with no signs of slowing down.
Bisnow
The National Capital Planning Commission reviewed plans Wednesday to reimagine Pennsylvania Avenue as a more pedestrian-friendly gathering space. Marketing the mile-long section of road running between the White House and the U.S. Capitol as an “an extraordinary national special event destination,” the plans are designed to bring more pedestrians, event space and other amenities to the corridor and spark a vibrant next chapter for the southern portion of Downtown D.C. …
Yahoo Finance
NEW YORK, Feb. 17, 2022 /PRNewswire/ — withco, the first commercial property ownership platform for small businesses, has hired two commercial real estate veterans to join its team. Karl Baum, the Founder & Former CTO of VTS has joined as an engineer. Leah Stearns, the Former CFO of CBRE and American Tower’s US division, has joined as interim CFO. These key hires come after withco announced raising $30M+ in equity funding last week….
Protocol
Pandemic-fueled shortages of workers and breakdowns of supply chains have driven up construction costs and slowed down building as demand for more and better housing keeps rising. Companies are trying to help the industry digitize and thereby drive down costs and speed up projects. One area ripe for change is the finance side of construction. Companies like CoFi and Built provide underwriting and origination of construction loans. This lets general contractors to pay subcontractors faster, a key…
PR Newswire
NEW YORK, Feb. 16, 2022 /PRNewswire/ — Jetty, the financial services company on a mission to make renting a home more affordable and flexible, today announced a multi-million dollar investment from Wilshire Lane Capital, a new PropTech-focused fund which is anchored by Morgan Properties, the second largest owner of multifamily housing in the U.S*.
Medium
Fund to Target Investments in High-Potential European Startups, Provide Co-Investing Opportunities Alongside Firm’s North American Funds
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REGISTRATION IS OPEN FOR EUROPE 2030: SHAPING THE FUTURE OF THE BUILT WORLD IN LONDON ON JULY 1, 2025