Get ready for the return of the office
The Guardian
A strange thing is happening, thanks to the pandemic. While everyone is stuck working from home, some of the country’s largest tech companies are snapping up real estate like nobody’s business.
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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Pacaso raises $75M, goes from launch to unicorn in 5 months
TechCrunch
Pacaso, a less-than-one-year-old startup that is out to give more people a chance at second home ownership, announced Wednesday that it has received $75 million in growth funding at a $1 billion valuation. Greycroft and Global Founders Capital co-led the $75 million in equity financing, which is notable for a few reasons.
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David Martin, Sponsor StreetBeats
Crowdstreet
CrowdStreet’s Darren Powderly is joined by David Martin, CEO of Terra, to discuss the demand drivers for the South Florida market, the migration patterns into the area, and how Terra is positioned to capitalize on that move and the current outlook on retail real estate. …
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Altus and Yardi integrate platforms for ‘seamless’ data sharing
PlaceTech.
Users of ARGUS Enterprise, Altus Group’s asset and investment management platform, and Yardi Voyager will be able to share data between the two platforms following the launch of the ARGUS Connector for Yardi Voyager.
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LAB Ventures will back real estate industry disruptors with new rolling fund on AngelList
Bizjournals
LAB Ventures, a Miami-based startup studio and venture capital firm that invests in technology startups that disrupt the real estate market, will launch a rolling investment fund next month.
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Robots Take Over Real Estate, But Not How You Expect: How AI And Automation May Impact CRE
Bisnow
Typically, the tedious task of researching and writing a credit memo for a loan can take days. Jeff Saul promises he can do the burdensome task in 10% of the time, cutting more than 50 hours of tedious, manual data entry from someone’s job. Saul himself isn’t a savant; Nativ, a new commercial real estate software platform he co-founded that utilizes artificial intelligence and automation, reportedly can reduce that workload to just a few hours. For Saul, that’s just the beginning. He believes Na…
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Cold Storage for Food Is Hot Real-Estate Play
Wall Street Journal
A surge in online grocery shopping is intensifying demand for food-storage warehouses, sparking billions of dollars in new real-estate development. Shopping for groceries online was taking off even before the pandemic. Services like Amazon Fresh, FreshDirect and Misfits Market offered a convenient alternative to the supermarket. Demand soared when people started worrying that they could catch Covid-19 on a trip to the store….
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World’s first NFT “digital house” sells for over $500K
The Real Deal
World’s first NFT “digital house” sells for over $500K. Krista Kim’s “Mars House,” a non-fungible token of a virtual home, sold for Ethereum
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WATCH NOW: Exceeding the Expectations of the Modern Investor presented with AppFolio
CREtech+
An investment management firm is only as successful as its investor relationships, and investor expectations have changed. Investors receive on-demand experiences with other financial services, from insight-packed dashboards of their retirement accounts, to online payment systems, to having the stock market in their pocket. Join this discussion of experts to hear how you can optimize your business to impress and retain investors.
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WeWork To Go Public At $9B Valuation In Starwood-Backed SPAC Deal
Bisnow
Coworking company WeWork announced Friday that it is finally expected to become a public company in a Starwood Capital-backed special-purpose acquisition company deal that will see it initially valued at about $9B….
