Q&A: Office App on the HqO deal and what tenants want
Placetech
Last week, HqO announced its acquisition of Office App to create a global tenant experience platform valued at about $500m.
Latest Trends and Insights in Real Estate Technology
Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
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Digitizing Development, Part 2
CREtech
Jesse Carrillo reveals how Hines is leaning on technology to enhance the tenant experience from health and wellness to convenience, as well as how the company is beginning to utilize robotics and automation solutions across the portfolio.
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Hot takes from CREtech London 2021
YouTube
We took a pulse of the market from property and tech players at CREtech London 2021, including: James Pellatt of Great Portland Estates, Michael Beckerman of CREtech, Abi Rendle of Equiem, Sasha Hoey of Kitt, LD Salmanson of Cherre, Olly Freedman of Retransform
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Realogy, Home Partners of America iBuying venture hires first CEO
The Real Deal
A joint venture between Realogy and Home Partners of America is poised to grow with the hiring of its first CEO. iBuying venture RealSure is hiring former Walmart executive Katie Finnegan as chief executive, Bloomberg reported. Finnegan previously worked as the top e-commerce executive for Rite Aid and a WalMart executive.
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CREtech London | 4 principles behind London’s smart city ambitions
Placetech
“How do we negotiate a data rich environment?” That question, posed by Theo Blackwell, London’s first chief digital officer, set the scene at the opening keynote at CREtech London 2021.
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Zillow’s Zeal to Outbid for Homes Backfires in Flipping Fumble
Bloomberg
Faced with the fastest-rising real estate prices in U.S. history, Zillow Group Inc. tweaked the algorithms that power its home-flipping operation to make higher offers. It ended up with so many winning bids that it had to stop making new offerson properties. Now, after buying more homes in the third quarter than it ever has before, the company is working through a backlog of houses that need to be fixed up and sold while facing an unpleasant reality: Slowing price appreciation means it will s…
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Real Estate Tech Firm HomeLight Expands in Arizona
PYMNTS
Real estate technology platform HomeLight is broadening the reach of its financial products, HomeLight Trade-In™ and HomeLight Cash Offer™, to real estate agents, homebuyers and sellers across Arizona, according to a Monday (Oct. 25) press release. Both products have been used extensively amid the housing boom. Based on transactions closed since December 2019, HomeLight Trade-In homes have sold for 5% above valuation, while offers with HomeLight Cash Offer saved buyers up to 4.4% compared to …
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By-product of the Great Resignation: People are turning to robots for career support
FastCompany
Maybe all the social distancing and remote work we had to do over the past 18 months really did break our brains. A new report from Oracle and Workplace Intelligence finds that stress and burnout are worse this year: 62% of over 14,000 people polled globally said they found 2021 to be the most stressful year at work ever, and 52% admitted the struggle with mental health was real….
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Billy Secures $3.5M in Seed Funding Led by Global PropTech VC Firm MetaProp
KPVI
Billy, an end-to-end platform that helps construction companies manage their insurance, announced today a $3.5 million seed funding round led by MetaProp and Coelius Capital with participation from Global Village, Shadow Ventures, Hustle Fund, and Laguna Canyon Group. The round was oversubscribed, included several pre-seed investors, and brought total funding for the company to $4.25 million this year alone. The funding enables billy to hire new talent, scale the adoption of its insurance manage…
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High hopes for timber: Wood towers gain favor in US
The Real Deal
For residents of a Milwaukee tower to admire the wood holding it up, samples of the material first had to undergo a trial by fire. Literally. The U.S. Department of Agriculture burned the glue-laminated timber columns for three hours in a lab, the longest test ever conducted for the material in the states. The 2019 examination helped persuade local officials to grant developer New Land Enterprises variances to build the 284-foot tower with timber and expose more of it than is usually allowed….
