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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  • What key targets on ventilation mean for asset owners

    Estates Gazette

    The proposals contain key changes to current practices. They include: the ability to boost fresh air rates by 50%; additional ventilation requirements for spaces such as corridors and lift lobbies; a purge ventilation requirement of four air changes per hour for all spaces; and a means of in-use air quality. Along with protecting against the current and future pandemics, there’s potential for these measures to improve occupants’ comfort during the summer months as well as their overall enjoyment…

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  • Covid Forces Co-Working Firms to Recast Model

    Wall Street Journal

    The pandemic is compelling a number of co-working firms to discard original business models, or accelerate the adoption of a new one, with the broader office market under threat. The original strategy, popularized by WeWork and many of its peers, involved leasing as much office space in city centers as possible, and then effectively subletting it to companies for a profit. This approach led to spectacular growth and sent WeWork’s valuation soaring to $47 billion.

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  • Real Estate Tech Firm Matterport May Go Public Via Spac

    The Real Deal

    The VC-backed real estate tech company Matterport, which designs software that allows virtual walkthroughs, is the latest firm to explore going public via a blank-check company. The company is in talks to list via a merger with Gores Holding VI, a special-purpose acquisition company founded late last year by investment firm the Gores Group, Bloomberg News reported. The companies confirmed the arrangement in a press release Monday morning. …

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  • Malls Spent Billions on Theme Parks to Woo Shoppers. It Made Matters Worse.

    Wall Street Journal

    SYRACUSE, N.Y.—Destiny USA is New York’s largest shopping mall, a six-story structure by Onondaga Lake. Its feature attraction is WonderWorks, a 40,000-square-foot theme park where children can experience a simulated earthquake, learn about space travel wearing an astronaut suit or play laser tag.

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  • Amazon to buy 50% of energy created by Shell wind farm in Netherlands

    CNBC

    LONDON — Amazon announced Monday it plans to buy half of the energy produced by a huge new wind farm in the Netherlands. Shell and Eneco secured the right to build the 759 megawatt wind farm in the North Sea last July, and Amazon said it would now purchase more than 380 MW of its output to power its operations in Europe.

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  • Fifth Wall Upsizes SPAC, Black-Check Firms Court Proptech

    The Real Deal

    The latest is from Scott Seligman, a real estate investor and minority owner of the San Francisco Giants, who is teaming up with cousins Brian and Ben Friedman to raise $175 million for a proptech deal. Brian is a managing partner at investment firm Foxhall Partners while Ben is a former senior trader at Citigroup.

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  • Getaway, a startup building tiny cabins, raises $41.7M

    TechCrunch

    Getaway CEO Jon Staff said that while the startup’s offerings weren’t designed with a pandemic in mind, they turned out to be well-suited for a time when people were eager to find safe ways to get off Zoom and out of their homes.

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  • Work, Cities, and Offices in a World of Infinite Choice

    Dror Poleg

    Last week, I spoke at Pi Capital about changes in the labor market could mean for cities, offices, and income inequality. My 9-minute presentation was followed by a longer chat with Ahmed Hussain about investment, real estate, careers, and more.

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  • Climate Fixes Can Help Cities Lead Covid Recovery

    Bloomberg

    New Orleans experienced its busiest hurricane season since 2005: Five hurricanes made landfall in Louisiana, and frequent rain storms flooded the streets of New Orleans. Meanwhile, Boston experienced one of its hottest, driest summers on record, while the fall brought flooding in some of our most densely populated neighborhoods.

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  • Milo Raises $6 Million in Seed Funding from QED and MetaProp

    PR Newswire

    MIAMI, Jan. 27, 2021 /PRNewswire/ — Milo, the digital banking and lending startup serving global consumers, announced a $6 million Seed financing round led by fintech specialist QED Investors with participation from MetaProp and 10X Capital. The capital will support continued technological innovation and team growth….

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