Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
The Real Deal
Opendoor’s IPO last month crowned CEO Eric Wu a billionaire. It quintupled the value of SoftBank’s stake to $2.3 billion. And it reaped early investor Khosla Ventures a 36x return — on paper. After merging with a blank-check company last month, the iBuyer’s stock closed at $31.25 per share on its next day of trading, Dec. 21, giving it a market capitalization of close to $19 billion….
GlobeSt
Tenants not only prefer to pay rent online, they are also more likely to make the payment. Data from Rent Direct that tracked 2020 rent trends has found that online payment options have actually helped increase the likelihood that tenants will make a rent payment.
The Real Deal
With its deal to buy RentPath off the table, CoStar doesn’t want to get stuck with the bill. In a regulatory filing Monday, the data giant slammed RentPath’s attempt to collect a nearly $60 million break-up fee, arguing the listing portal was in breach of a purchase agreement.
The Real Deal
As Knotel battles lawsuits from landlords, evictions and accusations of unpaid rent, its CEO says the flex-office provider has secured new funding. Knotel CEO Amol Sarva reportedly told staff on Monday that the company has gotten a fresh influx of cash, according to Business Insider, citing a source with knowledge of the all-hands meeting….
Financial Times
In 2017 when Josh Tanenbaum joined the Polonsky Foundation, his stepfather’s namesake family office, he wanted to diversify its portfolio to include more investments that made a positive social impact.
Colliers International
Tony Clark Joins Colliers as Senior Vice President ATLANTA, January 5, 2021 – Colliers announced today that veteran technology executive Tony Clark has joined the company as Senior Vice President, Technology & Innovation (T&I), leading the U.S. T&I platform. This strategic hire represents an evolution in the way the business considers and utilizes technology and will positively impact its professionals and clients. In his new role, Clark will focus on elevating the company’s g…
CREtech
CREtech (cretech.com), the largest intelligence platform devoted to Reimagining Real Estate, announced today that several new speakers will join the outstanding speaker lineup for the company’s Reimagining Real Estate Business Intelligence (BI) Summit on January 26-29. The BI Summit will bring together thousands of the world’s biggest landlords, owners, developers and brokers to network and discuss strategies, case studies and thought leadership regarding the growing importance of data….
CREtech
Join our next CREtech Consulting Talk to hear from several of our world-class Consultants, Advisors and guest speakers as they share insights on how landlords and developers can best generate an ROI on their tech adoption strategies. Learn more about how to select technology solutions that will drive an immediate return to a company’s bottom line while also creating great efficiencies and measurable results.
AXIOS
An avalanche of special purpose acquisition companies — better known as SPACs — raised capital this year to help startups bypass the lengthy and difficult IPO process. Why it matters: Having more public companies is widely viewed as healthy for the markets and for the American economy, even if the SPAC path elicited skepticism and accusations of froth.
Wall Street Journal
Shares of real-estate investment trusts that are big owners of rental apartments in New York, San Francisco and other large urban areas got clobbered last year as investors worried about the pandemic’s impact on cities.
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