Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
PlaceTech.
Biophilic design specialist Vitesy has raised €1.2m in investment, valuing the company at €15m on the back of rising interest in indoor air quality. Vitesy products are designed San Francisco and manufactured in Italy. The company creates smart devices for air purification and monitoring using internet of things connections, combined with plants, nanomaterials and other technology to monitor and reduce air pollution.
Forbes
Markets are roiling thanks to Covid-19, with no sign of the turbulence halting in 2021. If you own an office building, coworking space or hotel chain—well, best of luck. But if you’re trying to sell your home, now may be the best of times. To take stock of these messy times, Forbes spoke with Eric Anton, a broker at Marcus & Millichap in New York City….
Wall Street Journal
Unlikely as it may sound, grocery stores are becoming dream properties—coveted but hard to prise away from their owners. Changes to accounting rules are just one reason why it has become less appealing for supermarkets to sell their real estate.
Wall Street Journal
Lending startup SoFi is going public through a combination with the special-purpose acquisition company Social Capital Hedosophia Holdings Corp. V, IPOE -1.57% in a deal that values the company at $8.65 billion, the companies said….
Bisnow
One of the largest commercial real estate services companies in the U.S. just added another service. JLL has launched a division specifically for advising single-family rental investment, the company announced in a statement on Thursday. The new arm will be under the JLL Capital Markets Group and led by Bill Miller, co-head of JLL Multi-Housing Group. Also joining the national team will be Matthew Putterman, Chris Shea and Zach Nolan….
IEEE Spectrum
Companies like Tesla, Uber, Cruise, and Waymo promise a future where cars are essentially mobile robots that can take us anywhere with a few taps on a smartphone. But a new category of vehicles is about to overtake self-driving cars in that leap into the future. Autonomous trucks have been quietly making just as much, if not more, progress toward commercial deployment, and their impact on the transportation of goods will no doubt be profound….
Bloomberg
When she first heard that “slow streets” might be coming to Durham, North Carolina, alarm bells went off for Aidil Ortiz. It was late May, and by that point, dozens of other world cities had restricted vehicle access to miles of residential streets. With Covid-19 placing a premium on safe outdoor space, the goal was to encourage socially distant walking, biking and play.
Amazon
Amazon’s new Housing Equity Fund is a more than $2 billion commitment to preserve existing housing and create inclusive housing developments through below-market loans and grants to housing partners, traditional and non-traditional public agencies, and minority-led organizations. The fund will support Amazon’s commitment to affordable housing and will help ensure moderate- to low-income families can afford housing in communities with easy access to neighborhood services, amenities, and jobs….
Business Wire
RealPage, Inc. (NASDAQ: RP), a leading global provider of software and data analytics to the real estate industry, today announced the acquisition of WhiteSky Communications, LLC. WhiteSky provides managed communications services, enabling multifamily, student and other properties to provide managed bulk Internet, video, voice-over-internet protocol (VOIP) phone, and Wi-Fi services. With WhiteSky, residents of these properties regularly pay significantly less for high-speed, secure, community-wi…
Bloomberg
Even after Covid-19 has wreaked havoc on almost everything else, the new year begins with surging growth for renewable energy. “2020 was the year of positive surprises for the environment in a way that very few saw coming,” says Jeff McDermott, head of Nomura Greentech. “It was the breakout year in sustainability and infrastructure.”
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