Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
The Real Deal
Property management firm Home365 closed a $16.3 million funding round led by Canadian magnate Alan Greenberg’s venture capital fund. The Santa Clara, California-based startup secured the funding from Greenberg’s Greensoil PropTech Ventures and from existing investors including Eyal Ofer’s O.G. Tech, Verizon Ventures, Lool Ventures and North First Ventures….
The Wall Street Journal
Security-system provider ADT Inc. is betting on its partnership with Google’s smart-home business to increase revenue as it struggles to turn a profit three years after going public. The company, best known for its home alarm systems, last summer announced the deal with Google, whose Nest business makes thermostats and smoke detectors that customers can monitor from their phones. Under the agreement, Alphabet Inc.’s Google invested $450 million in the Boca Raton, Fla.-based firm, taking a 6.6…
Curbed
Since it took off about a decade ago, the co-living industry has gone to great lengths to sell an image of communal bliss: not just a sleek furnished bedroom in a hassle-free apartment share, but housing as a means to creative, social, professional, and even spiritual fulfillment. Pure House, for example, boasted of designing “experiences that empower our members to thrive.” Starcity claims to be “bringing community back to the city.”…
The New York Times
Even as life returns to many New York City neighborhoods, its big commercial districts are awash with empty office space. Most workers haven’t yet returned — and it’s unclear if they all will. That uncertainty is terrifying the city’s biggest office landlords, and many of them are going to great lengths to retain and attract tenants.
Medium
New York, NY (June 29, 2021) — Toggle, a leading construction robotics company using automation to optimize rebar assembly for reinforced concrete construction, today announced the closing of an $8 million Series A funding round. The new funding will allow Toggle to scale their production capacity, including opening a new, 50,000 square-foot production facility and growing the team. Tribeca Venture Partners led the round of financing, and is joined by Blackhorn Ventures, Point72, New York State …
TechCrunch
Side, a real estate technology company that works to turn agents and independent brokerages into boutique brands and businesses, has raised “$50 million-plus” in a funding round that more than doubles its valuation to $2.5 billion.
Euronews
The global pandemic has turned our professional and personal lives upside down and got us thinking about our health in more ways than one. For London-based urban designer and architect, Hala El Akl, it has exposed the link between where we live and work, and our personal wellbeing.
Yahoo! Entertainment
NEW YORK, June 28, 2021–(BUSINESS WIRE)–Bowery Valuation, the leading technology-enabled commercial real estate appraisal firm, today announced $35 million in Series B funding led by the Growth Equity business within Goldman Sachs Asset Management (Goldman Sachs) with participation from Capital One Ventures and existing investors including Builders VC, Fika Ventures, Navitas Capital, Camber Creek, Nine Four Ventures, Greenspring Associates, and Alpaca VC. This investment brings Bowery’s total …
BuildingEngines
Building Engines, the leading building operations platform for modern commercial real estate (CRE), and HqO, the premier end-to-end tenant experience provider for office buildings, today announced their partnership to deliver a new unified, best-of-breed building operations and tenant experience solution for the CRE industry. The integration of Building Engines’ platform with the HqOS Tenant Experience Platform brings together the two critical aspects of a successful property’s foundation—excell…
Wolf Street
Aegon Asset Management has closed its UK Property Income and Property Income feeder funds, after struggling to raise sufficient cash to meet redemption requests, it said on Wednesday. The Aegon Property Income fund had £380 million ($531 million) in assets under management and the feeder fund £150 million, according to Morningstar. The announcement follows a move last month by Aviva to wind up its property fund and two feeder funds due to the prevailing economic uncertainty and liquidity concern…
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