Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
TechCrunch
OMERS Ventures’ Principal Michelle Killoran has long been looking for a construction tech startup to invest in. The space is intriguing to her, but so far, she has not come across a company whose model has been compelling enough to convince her to pull out her checkbook.
Axios
Here’s the big winner that’s emerging in the post-pandemic working world: co-working space companies, Erica Pandey writes. By the numbers: 24% of companies surveyed in a new CBRE report say they expect more than a quarter of their office space to be flex within the next two years.
Wall Street Journal
Remember the off-site meeting? For some companies, those traditional company gatherings at hotels, spas and other exotic locations are pointing the way to a new, innovative model for getting employees back to working in person.
Silverstein Properties
Silverstein Properties, a leading real estate development, investment and management firm, today introduced contactless access to its 7 World Trade Center office building through employee badge in Apple Wallet. Silverstein’s employee badges in Apple Wallet allow users to easily access its office buildings, tenant floors, fitness centers and amenity spaces using their iPhone or Apple Watch. Starting at 7 World Trade Center, the company plans to offer the service to its 50,000 office customers …
CSA
At ICSC’s biggest show of 2021 in Las Vegas last December, one booth, crammed to its borders with visitors, shone out as the rock star of the event. That was the booth of Placer.ai.
TechCrunch
The exodus of executives at Better.com continues. TechCrunch has learned that Sarah Pierce, who served as executive vice president of customer experience, sales and operations, and Emanuel Santa-Donato, who was senior vice president of capital markets and growth, are no longer with the digital mortgage company….
TechCrunch
For many of us, our home is by far our biggest asset, and in the world of fintech, that’s led to a logical extension: when you need money, borrow against that biggest asset. Today, a London fintech called Selina, which provides flexible capital to consumers on five-year terms against up to 85% of the value of their homes — so-called Home Equity Line of Credit (HELOC) loans — is announcing $150 million in funding on the heels of making $100 million in loans out to homeowners….
Crunchbase News
For crypto startups and unicorns, 2021 was an exceptionally good year. But for public companies tied to the crypto space, 2022 has been off to a bad start. On Friday, the price of Bitcoin was hovering around $37,000, down around 45 percent from its November high. The S&P Cryptocurrency Broad Digital Market Index was down a similar amount. And the bulk of shares from a sample of public companies in the crypto space, most previously venture-backed, all were down over 50 percent from peaks h…
Medium
VendorPM, a marketplace for property managers to manage, source and procure service vendors, just announced their $6 million seed round, led by Bessemer Venture Partners, joined by Forum Ventures and other leading prop tech investors….
Multifamily Executive
Los Angeles-based TruAmerica Multifamily is the latest firm venturing into the hot single-family build-for-rent space. The vertically integrated multifamily investment company has launched a build-for-rent development arm to build townhome and single-family rental communities in suburban markets that are synergistic with its existing multifamily platform. Mitch Rotta, a build-for-rent veteran, has been tapped as senior managing director to lead the new division.
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