Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
Wall Street Journal
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….
The Real Deal
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.
PlaceTech.
New York City, Denver and Seattle have become the latest US cities to announce plans to limit or ban natural gas connections to buildings.
The Real Deal
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. …
CREtech
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.
The Real Deal
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.
Lobby CRE
CHARLOTTE, N.C., February 9, 2021 — Lobby CRE, the portfolio management software that powers the top real estate firms (a Thirty Capital company), and the Institute of Real Estate Management (IREM), the international institute for property and asset managers, have established a partnership to deliver a brand new interactive income and expense benchmarking to members. “I am pleased to announce this new partnership between IREM and Lobby CRE,” said Robert J. Finlay, CPM®, founder and owner of …
Medium – Fifth Wall Insights
Today, we closed the Initial Public Offering (IPO) of Fifth Wall Acquisition Corp. I, the first Special Purpose Acquisition Company (SPAC) sponsored by affiliates of Fifth Wall, for $345 million. The SPAC now trades on Nasdaq as “FWAA”. Given the extraordinarily high public market demand for the SPAC, we decided to increase the offering from the originally contemplated $287.5 million to $345 million. FWAA’s IPO was among a limited number of SPAC IPOs to not include warrant coverage alongside its…
TechCrunch
Once upon a time, the idea of 3D-printed homes felt like a thing of the future. But as housing gets less and less affordable — especially in ultra-expensive markets such as the Bay Area — companies are getting creative in their quest to build more affordable homes using technology.
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.
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