Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
GlobeSt
While raw data is primarily based on the past, what apartment operators do with those data in the future is what is now proving critical. Leading apartment executives discussed data’s emergence in decision-making and how it can steer property transactions and even convert leases during a session on Tuesday at National Apartment Association’s Apartmentalize Conference in Chicago.
TechCrunch
Agricultural robotics firm Carbon Robotics (not to be confused with our former Battlefield contestant) announced this week that it has secured $27 million in funding. The round — which features Anthos Capital, Ignition Capital, Fuse Venture Partners and Voyager Capital — follows an $8.4 million Series A raised back in 2019. The company’s total funding is now at around $36 million.
Bisnow
With a new variant to contend with, and different attitudes across the board, working out the way forward when it comes to face-to-face meetings and traveling to see clients or colleagues is a tough job right now. CBRE Senior Vice President of Capital Markets and Investment Properties Karly Iacono said divining current meeting etiquette has become a new challenge. The same client might have been comfortable with meeting in their office a month ago, and now, within a few weeks, might be asking…
The Real Deal
SmartRent’s eyes may be bigger than its stomach. The smart home automation firm is looking to grow internationally even as it seeks to meet untapped demand at home. The Scottsdale-based company, which went public last week in a $2.2 billion merger with the proptech venture capital firm Fifth Wall’s first SPAC, may also become a strategic acquirer to boost its in-house product development, founder and CEO Lucas Haldeman said….
Wall Street Journal
IBuyer investors must ask whether scalability and sustainability are mutually exclusive—and, if so, which is more important.
Business Wire
EasyKnock, the leading residential sale-leaseback solution, today announced that it has acquired FarmlandFinder, the first sale-leaseback provider for farmland in the U.S. The acquisition enhances EasyKnock’s offering, bringing the sale-leaseback model, with the flexibility, liquidity, and control it provides, to a broader audience.
CREtech
IBM’s Michael Domitrovits discusses both the challenges and value his team has encountered deploying IBM’s IoT.
Axios
Americans have become more likely to want to live in areas where “houses are larger and farther apart, but schools, stores and restaurants are several miles away,” a new Pew Research Center poll finds. The intrigue: Correlation isn’t causation. But the change between 2019 and this year occurred during the COVID pandemic and “the accompanying period of telework, remote schooling and pandemic-related restrictions on indoor dining and other indoor activities,” Pew notes. Why it matters: It’s …
RealtyMogul
Just this week, on behalf of Park Avenue Capital, RealtyMogul announced the launch of the Woods of Ridgmar, a 235-unit multifamily property in Fort Worth, Texas that will undergo numerous environmental and sustainable upgrades – including a solar power system for the property. This investment marks the beginning of RealtyMogul’s sustainability program, which aims to promote an increasing number of sustainability-focused projects in the quarters and years to come. While operators and…
GlobeSt
When it comes to looking at real estate data, LD Salmanson, co-founder of real estate data firm Cherre, points to Gartner’s four stages of analytics maturity: descriptive (what happened), diagnostic (why things happened), predictive (what will happen), and prescriptive (making things happen). The good news is there’s plenty of room for improvement. The implied bad news is that the improvement is direly needed.
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