Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
The Real Deal
The residential brokerage, which has raised $1.5 billion from investors including SoftBank, said it submitted a draft registration statement with the U.S. Securities and Exchange Commission on Monday. Compass did not disclose the size of the offering. The firm’s last valuation was $6.4 billion in July 2019, when it raised a $370 million Series G.
HqO
HqO Earns Several Placements on Built In’s Boston Best Places to Work Lists BOSTON – January 11, 2021 – Built In recently announced that HqO was honored in its 2021 Best Places To Work Awards. Specifically, HqO earned places on the Boston Best Places to Work, Boston Best Small Companies to Work For, and Boston Companies with the Best Benefits lists. The annual awards include companies of all sizes, from startups to the enterprise, nationally and in the eight largest tech…
Work Design Magazine
As the COVID-19 pandemic rolled through the summer and early fall, what would seem like a dichotomy at first glance started to emerge for office space in major cities and secondary hubs. Big-name tech companies, conscious of the health and wellness of their employees, moved rapidly towards making work-from-home part of the new normal. And at the same time, public information emerged about the tech sector starting to lease office space at close to pre-pandemic levels.
Forbes
In January 2020, Microsoft launched a company-wide focus on sustainability by announcing an ambitious goal and a detailed plan to become carbon negative by 2030, and by 2050 to remove from the environment more carbon than they have emitted since they were founded….
Washington Post
Before the pandemic, Jessica Hullman did not like to work from home. A computer science professor at Northwestern University, just outside Chicago, Hullman drew energy from her students, she said. But away from campus, it dawned on her that the same students who fueled her also drained her focus with their frequent interruptions. In her mostly male department, she was often too aware of what she was wearing and how she appeared. Now she views Zoom faculty meetings as a kind of gender equalizer…
The New York Times
Emissions plunged more than 10 percent. If the trend can be sustained, it would put the United States within striking distance of one of its major goals under the Paris climate agreement.
The Guardian
The mayor of Paris has said a €250m (£225m) makeover of the Champs-Élysées will go ahead, though the ambitious transformation will not happen before the French capital hosts the 2024 Summer Olympics.
Renaissance Capital
CF Acquisition V, the fifth blank check company formed by Cantor Fitzgerald, filed on Friday with the SEC to raise up to $250 million in an initial public offering. The New York, NY-based company plans to raise $250 million by offering 25 million units at $10. Each unit consists of one share of common stock and one-third of a warrant, exercisable at $11.50. The company may raise an additional $10 million at the closing of an acquisition pursuant to a forward purchase agreement with its sponsor. …
Bloomberg
The 170 kilometer-long (106 miles) development called “The Line” will be part of the $500 billion Neom project, the crown prince said in a televised speech on Sunday. Construction is planned to start in the first quarter.
Time
The housing market is one of the starkest examples of the disparate impacts of the pandemic on America’s citizens. In August, the Aspen Institute released a report that estimated 30 million to 40 million Americans were at risk of eviction in coming months “in the absence of robust and swift intervention.”…
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REGISTRATION IS OPEN FOR EUROPE 2030: SHAPING THE FUTURE OF THE BUILT WORLD IN LONDON ON JULY 1, 2025