Latest in Commercial Real Estate Tech News by CREtech

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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Matterport $2.9B SPAC Announcement Marks Navitas’ 2nd Billion Dollar Plus Portfolio Company Public Valuation Since December

PR Newswire
2/12/2021

LOS ANGELES, Feb. 11, 2021 /PRNewswire/ — Navitas Capital announced today that its portfolio company, Matterport, will be going public following a merger with Gores Holdings VI at a valuation of $2.9 billion. Navitas first invested in Matterport’s seed round after meeting the team at Y-Combinator, the Silicon Valley accelerator in 2011. Following its initial investment, Navitas continued to invest in each following round up to today’s announcement. Navitas’ Matterport investment came after i…

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CREtech+ Legends Series Presents: “Welcome to the Future” Featuring Lisa Picard of EQ Office

CREtech+
2/11/2021

Lisa Picard, President and CEO of EQ Office, opens up about the key lessons she’s learned through her legendary career, who she draws leadership inspiration from, and how she sees the culture and needs of Office evolving in a post-pandemic world.

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Origin Stories: Reonomy Co-Founder Rich Sarkis On Being The Cockroach Of Proptech

Bisnow
2/11/2021

Rich Sarkis had no prior commercial real estate experience when he co-founded Reonomy, a data and analytics platform that leans on public documents to compile information like construction date, building ownership, debt and tax assessments in one place, in 2013.

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Cisco Meraki and Openpath launch new enterprise access, video security solution

ZDNet
2/11/2021

On Wednesday, the companies said that by merging Cisco Meraki’s cloud security and smart camera technology together with Openpath’s access control and workplace safety automation portfolio, clients can take advantage of “cloud-first, security technology that can be managed from any location in real-time.”

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Salesforce to Shrink Its Office Footprint

Wall Street Journal
2/11/2021

Salesforce.com Inc. CRM 1.91% plans for most of its employees to work remotely part or full time after the pandemic and to reduce its real-estate footprint as a result, a top executive said, showing Covid-19’s lasting impact on how companies manage their workforces….

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Nativ Raises Funds For Deal-Management Software

The Real Deal
2/11/2021

New York-based Nativ closed a $3 million seed round to help the startup grow its workflow software Atlas, co-founders Jeff Saul and Adam Kerr told The Real Deal. The round was led by San Francisco-based VC investor Bling Capital, which has backed other proptech companies like CompStak and VTS.

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US cities move to curb natural gas supply

PlaceTech.
2/11/2021

New York City, Denver and Seattle have become the latest US cities to announce plans to limit or ban natural gas connections to buildings.

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Spencer Rascoff launches second SPAC

The Real Deal
2/11/2021

Zillow co-founder Spencer Rascoff, who raised $350 million for his first blank-check firm this fall, has just launched a second SPAC, according to a regulatory filing Wednesday. Dubbed Supernova Partners Acquisition Company II, the SPAC is looking to raise $250 million to invest in the “broader technology sector,” the filing shows. It is targeting companies valued between $1 billion and $5 billion. …

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TODAY: State of Tenant Experience 2021 Presented with HqO

CREtech
2/10/2021

Join us for a discussion looking back at 2020, exploring the lasting impacts that we will see in 2021, and the trends that are emerging. CEO of CREtech, Michael Beckerman is pleased to have Chase Garbarino, the co-founder, and CEO of HqO, a leading tenant experience software platform for commercial real estate, join him for this important conversation. HqO just released an extensive report on the State of the Tenant Experience and Chase will cover some of the surprising finds.

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The Yard Expands Into Former Herald Square Marriott Hotel

The Real Deal
2/10/2021

The flex-office provider told The Real Deal that it has signed a management agreement with the owner of the former Courtyard by Marriott at 8 Herald Square, which is at the corner of West 35th Street and Sixth Avenue.

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