Latest in Commercial Real Estate Tech News by CREtech

Latest Trends and Insights in Real Estate Technology

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South Korean proptech startup Zigbang acquires Samsung SDS’ smart home IoT business

TechCrunch
1/31/2022

Zigbang, a South Korean proptech startup that provides real estate transactions service, announced on Thursday that it will acquire Samsung SDS’ home internet of things (IoT) unit to make a foray into the smart home industry. Samsung SDS sells the smart home IoT division, which is the only B2C business Samsung SDS has, in order to focus on its B2B. Its main products include digital door locks and wall pads that connect to users’ smartphones. In 2016, Samsung SDS tried to sell the smart home Io…

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Applying the World’s Best Tech to CRE Trailer

CREtech
1/31/2022

Niraj Patel examines the best uses of technology and how each can be applied to real estate.

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CRE “Proptech” Fatigue is Real…Here’s How to Solve It.

otso
1/31/2022

As a financial services company in the CRE space, we work with brokers, tenants, and landlords every day. Over the past couple of years we have noticed a trend on the topic of new “proptech solutions….” The whole industry is fatigued. As our founding team knows (coming from CRE ownership and brokerage themselves), when the industry is fatigued, adoption will lag. We want to be clear now…this is not the brokerage or ownership communities fault!

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Measurabl Collaborates with Nasdaq to Offer Expansive ESG Performance Tracking and Reporting Capabilities to Corporate Clients

Globe Newswire
1/31/2022

Measurabl announced today a partnership to provide Nasdaq OneReport’s clients the option to leverage Measurabl’s leading ESG (environmental, social, governance) technology platform that offers automated, site-level data collection.

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Partnership Between Second Century Ventures And CREtech To Be Unveiled At Upcoming Webinar

CREtech
1/31/2022

CREtech, the largest international community of professionals devoted to technological innovation in the real estate sector, has opened registrations for their first webinar of 2022 on Thursday, February 3rd. Joined by Second Century Ventures, one of the most respected and active PropTech investors in the industry, the webinar will unveil an extraordinary partnership between CREtech and Second Century Ventures that seeks to raise awareness of technology’s role in solving the affordable housing c…

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ProDeal secures $4M in funding, exits NAR Reach program

Fin Ledger
1/29/2022

ProDeal, a virtual deal-closing platform for commercial real estate, has raised $4 million in growth capital, allowing it to successfully exit the National Association of Realtors’ (NAR) scale-up program. The fresh funding will allow ProDeal to increase headcount, boost business development and marketing efforts, and widen its market share, the proptech revealed….

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The Struggle Is Real for Zillow

Wall Street Journal
1/29/2022

If you feel like you can’t land one of the few homes on the market to save your life right now, try competing with a record number of real-estate agents to sell one. In many ways, Zillow’s near-term fate hinges upon that struggle.

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Warehouse Giant Prologis to Offer More Peripheral Services, CFO Says

Wall Street Journal
1/29/2022

Warehouse giant Prologis Inc. plans to generate more revenue from renting out equipment and providing other add-on services as it benefits from strong demand amid ongoing supply-chain strains.

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The Collective unloads Williamsburg dev site to avoid foreclosure

The Real Deal
1/29/2022

Bankrupt co-living company The Collective sold its Williamsburg development site for $54 million, allowing it to avoid foreclosure and even net a small amount of cash.

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Unicorns Are Being Minted In Earlier Rounds Like Never Before, Valuations Skyrocket

Crunchbase News
1/29/2022

Not only were new unicorns minted at a breakneck pace in 2021, but they were created in early-stage funding rounds at an unprecedented rate. While nearly 600 new unicorns were minted last year, about 18 percent were companies reaching that status after an early-stage funding round—defined as seed, Series A or Series B, according to Crunchbase data. Last year saw more than 100 unicorns created through early funding rounds, nearly 5x the number in 2020….

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