Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
Bloomberg
Blackstone Group Inc. and Goldman Sachs Group Inc. are leading financing for the $1.25 billion redevelopment of a 19th-century warehouse on Manhattan’s west side into a 21st-century office complex.
The Wall Street Journal
The surge in Covid-19 cases is giving some companies and workers pause over looming return-to-office plans, even as a number of employers push ahead and reopen workplaces. Many corporate bosses have been moving toward a significant return to corporate campuses after Labor Day, but a few prominent employers, including Apple Inc., are already pushing back dates. Others say they are feeling pressure to delay from employees who are voicing fresh concern about the spread of the highly transmissibl…
TechCrunch
India’s trucking system has a big inefficiency problem that continues to drag the economy. BlackBuck, one of the handful of startups that is digitizing the freight and logistics across India, has just attained unicorn status after securing new funds. Tribe Capital, IFC Emerging Asia Fund and VEF led the $67 million Series E financing round in the six-year-old startup, valuing it at $1.02 billion (up from about $850 million in 2019 Series D round), BlackBuck chief executive Rajesh Yabaji told Te…
VentureBeat
Remote, a human resources (HR) platform designed to help businesses build and manage remote teams around the world, has raised $150 million in a series B round of funding at a valuation of more than $1 billion. The two-year-old startup has set up legal entities in dozens of countries across the Americas, Europe, Asia, Africa, and Australasia, allowing it to offer payroll, compliance, taxes, and benefits services to businesses of all sizes. The platform, essentially, allows any company to set …
Axios
As the pandemic emptied out Main Streets and normalized telework, many experts speculated that it would loosen superstar coastal cities’ grip on the economy….
Bisnow
WeWork handed over management of the two WeLive locations, in Northern Virginia’s Crystal City neighborhood and on Wall Street in Manhattan, to the owners of the buildings, JBG Smith and Rudin Management, a WeWork spokesperson confirmed to BisnowWednesday. “While WeWork will no longer be operating the WeLive space at these locations, WeWork is incredibly grateful to have been a part of the WeLive NYC and Crystal City communities and is excited for their future success under Rudin Management a…
The Wall Street Journal
Instacart Inc. is entering the warehouse business, seeking to expand its reach in an increasingly competitive food delivery market. The grocery delivery company said it would start building fulfillment centers for supermarkets over the next 12 months, in partnership with technology company Fabric, in or near grocery stores, with capacity for 10,000 to 50,000 items.
TechCrunch
Index Ventures has closed a trio of new funds: a $900 million early-stage fund, a $2 billion growth-stage fund and a previously announced $200 million seed-stage fund. The close gives Index $3 billion in new capital, its largest tranche yet, to deploy into emerging startups and existing portfolio companies, which include the likes of Plaid, Deliveroo and Revolut, which was just valued at $33 billion….
VentureBeat
Executives have to prioritize whether to experiment with cutting-edge technologies or wait to see results from other implementations first, Airbnb chief technology officer Vanja Josifovski said in a conversation with VentureBeat founder and CEO Matt Marshall at VentureBeat’s Transform 2021 virtual conference. Most enterprises — even large ones — have constrained resources, so they have to decide which technologies to invest in and which to wait out….
Crunchbase News
Funding to venture-backed proptech companies has surpassed pre-pandemic levels, according to Crunchbase data, with construction tech and property management startups leading the way. VC-backed real estate companies have raised $10.6 billion so far this year, up from the $8.3 billion that was raised during the same period last year, and higher than any year in that period in the past decade.
Subscribe to CREtech to get our monthly newsletter curated by our editors and special event discounts and announcements.
or sign in if you're already a member
REGISTRATION IS OPEN FOR EUROPE 2030: SHAPING THE FUTURE OF THE BUILT WORLD IN LONDON ON JULY 1, 2025