Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
Crunchbase
Several weeks ago, I was chatting with Patrick Healey, founder and president of Caliber Financial Partners, about SPACs. He pointed out that many of the targets of special purpose acquisition companies, also called blank-check companies, were electric vehicle startups.
Wall Street Journal
A modest proposal: Why not turn Midtown Manhattan, with its empty office towers and vacant storefronts, into a giant self-storage locker? We could all stow our winter clothes and futons along Fifth Avenue, freeing up much-needed closet space.
PlaceTech.
Knight Frank’s Residential Asset Management department has chosen MRI Qube PM as its property management and tenant communications platform. Qube PM, MRI Software’s property management and accounting platform, will help Knight Frank RAM deliver the range of services it offers clients. That includes property accounting, property and maintenance management and tailored client engagement.
CREtech+
Chris Rising, Founder of Rising Realty Partners discusses the transformation he continues to see across the industry with the adoption of new automation software, and what changes we can expect to stick for the future of the office.
The Real Deal
A fintech startup is borrowing some local starpower from celebrity broker Ryan Serhant to front agent commissions throughout New York City. Briggs Elwell, CEO and co-founder of RLTY, said the idea has been in development since 2019, but that the pandemic jump-started the firm’s efforts.
Wall Street Journal
Wells Fargo WFC +1.00% & Co. plans to start bringing employees back to the office after Labor Day, citing the increasing availability of vaccines. The bank, which has been telling employees each month that they should keep working from home for another month, now hopes that operations will begin to return to normal after Sept. 6, according to a memo circulated to staffers Tuesday afternoon….
TechCrunch
Another proptech is considering raising capital through the public arena. Knock confirmed Monday that it is considering going public, although CEO Sean Black did not specify whether the company would do so via a traditional IPO, SPAC merger or direct listing.
PR Newswire
NEW YORK and BRUSSELS and SINGAPORE, April 1, 2021 /PRNewswire/ — Proxyclick and CREtech today announced the results of a co-sponsored global survey of corporate decision-makers in the commercial real estate (CRE) industry. The survey was conducted by the two companies to gain a deeper understanding of how CRE professionals are feeling about the real estate landscape post-Covid-19. Specifically, the survey placed emphasis on the role technology will play in problem solving as CRE professionals …
Venture Beat
Curri, a Y Combinator-backed logistics startup delivering construction supplies and materials, today announced the closing of a $6 million funding round. The company says the proceeds will be used to expand its services as well as its market reach.
Bloomberg
Knock has hired Goldman Sachs Group Inc. to advise on a bid to go public, as the property technology startup seeks cash to rewrite the playbook for buying a home.
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