Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
The Real Deal
Cover, a Los Angeles-based startup that builds custom backyard homes for renters and financially challenged relatives, raised $60 million to scale up. Gigafund led the Series B round with participation from Valor Equity Partners and Founders Fund — early investors in Elon Musk’s SpaceX and Tesla — and homebuilder Lennar, among others.
CREtech
Ami Ziff of Time Equities discusses how consumers’ demands are constantly pushing the retail industry forward, and how that affects the real estate that these companies inhabit.
The Real Deal
Katie Finnegan has felt the pain of moving. Acutely. The new chief executive of Realogy’s iBuyer program has moved three times in the past three years, selling and buying homes in New York City, San Francisco and Los Angeles. And although she said “rock-star agents” handled the sales, she described the experience as “stressful.”
Placetech
In one of the hardest hitting sessions at CREtech London, a panel of VCs gave real estate several warnings about its approach to sustainability and the future of climate regulations.
Turntide
Turntide Technologies, (“Turntide”), developer of electrification and sustainable operations technologies, today announced the roll-out of its new Turntide for Buildings, a full-stack intelligent building solution. Turntide combines its Smart Motor SystemTM with automation software, connected edge equipment, and cloud insights to improve energy efficiency and streamline building operations while reducing downtime and maintenance costs….
TechCrunch
As urban rental markets recover and people flock back to cities, people are once again finding themselves with plenty of new neighbors in communities that are trying to embrace a renewed vibrancy of post-lockdown life. OneRoof is building a social network for residential buildings. Unlike Nextdoor, which organizes communities based on ZIP codes or neighborhoods, OneRoof wants to build up a presence inside large multi-unit buildings so that neighbors can get to know each other in smaller, tighte…
Smart Cities World
As part of the agreement, consulting firm CGI will deploy its SensorInsights360 real-time data platform to improve operational efficiencies while monitoring and managing critical services.
GlobeSt
Job-switching has become one of the country’s leading pastimes over recent months, and ADP this week shared its corresponding wage and job growth for Q3—including within the construction industry. US wage growth increased 3.3%, in line with growth in the months leading up to the pandemic; however, wage growth for job switchers increased 6.6% since September 2020, according to the ADP Research Institute Workforce Vitality Report….
PR Newswire
Cherre, the industry’s leading real estate data and analytics platform, today announced a new data partnership with Trepp, a leading provider of data, insights, and technology solutions to the structured finance, commercial real estate, and banking markets. This partnership enables mutual customers to seamlessly incorporate Trepp’s extensive property-level financial data and analytics into their Cherre warehouse for deeper insights, as well as gain exclusive access to Trepp’s unique CRE Income S…
Bisnow
The nation’s biggest brokerages have invested almost $1.5B in proptech deals over the past 10 years. They know the world is changing, they know they need to stay ahead of that change, and they have put up real money to invest in the future. But what has that investment actually bought them?
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