VC investment in proptech can yield profits and change lives

In 2020, nearly $24 billion in venture capital poured into companies creating new technology products or innovative business models for the real estate market.

Flex-Office Provider Industrious Expands As Industry Contracts

In all, Industrious operates over 100 locations with more than 3 million square feet, and it’s set to grow even further in 2021. The company will expand by 1 million square feet this year, company spokesperson Corey Chambliss confirmed. And that could include moving into spaces abandoned by other flex–office providers.

Second Century Ventures Announces Property Inspect as REACH UK Proptech Program Member

Radweb; developers of the renowned global property inspection software platform, Property Inspect, are proud to be confirmed as an inaugural member of the award winning international ‘REACH program; UK Class of 2021.’

Real estate technology SPAC Fifth Wall Acquisition I prices upsized $300 million IPO

Fifth Wall Acquisition I, a blank check company targeting a real estate technology business, raised $300 million by offering 30 million shares at $10. The company did not offer units with warrants attached. The company is led by CEO and Chairman Brendan Wallace, who has served as Co-Founder and Managing Partner of Fifth Wall Ventures since 2016, and CFO and Director Andriy Mykhaylovskyy, who has been a Managing Partner at Fifth Wall Ventures since 2017….

Oxford Properties Group Joins CREtech’s New Climate Tech Initiative As Founding Sponsor

CREtech, the largest intelligence platform devoted to Reimagining Real Estate, announced today that Oxford Properties Group, (“Oxford”), a leading global commercial real estate investor, developer and manager,   has joined the new CREtech Climate initiative as a Founding Sponsor. Oxford joins Fifth Wall, the largest venture firm devoted to real estate, and Savills, a global real estate services provider, as a Founding Sponsor of this new global climate tech initiative which will launch early nex…

New ULI Report Highlights Ten Sustainability Topics for Real Estate in 2021

A new report from the Urban Land Institute’s (ULI) Greenprint Center for Building Performance shows that the real estate industry will take an increasingly focused view of environmental, social and governance (ESG) strategies in 2021. ULI is a global, multidisciplinary real estate organization whose work is driven by more than 45,000 members dedicated to responsible land use and building thriving communities.

Stone Point Capital, Insight Partners Agree to Buy CoreLogic

CoreLogic Inc. agreed to sell itself to two private-equity firms for about $6 billion, a surprising end to an auction of the real-estate-data provider that was kicked off by a pair of shareholder activists.

[VIDEO] Tech Demo: redIQ

redIQ is the most trusted deal analysis and underwriting platform on the market for multifamily owners, brokers, and lenders. Our platform allows CRE professionals to extract data automatically from rent rolls and operating statements and sync standardized data into institutional-caliber Excel models, and includes the ability to generate comps from highly reliable underwriting data sets among many other powerful features. Whether performing a cursory analysis or a full underwriting, redIQ’s cl…

Superstar Cities Are in Trouble

Some evenings, when pandemic cabin fever reaches critical levels, I relieve my claustrophobia by escaping into the dreamworld of Zillow, the real-estate website. From the familiar confines of my Washington, D.C., apartment, I teleport to a ranch on the outskirts of Boise, Idaho; to a patio nestled in the hillsides of Phoenix, Arizona; or to a regal living room in one of the baroque palaces of Plano, Texas. …

Energy efficiency is no longer enough. This is the next big challenge for green building