Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
The New York Times
New York State’s pension fund, one of the world’s largest and most influential investors, will drop many of its fossil fuel stocks in the next five years and sell its shares in other companies that contribute to global warming by 2040, the state comptroller said on Wednesday.
SmartCitiesWorld
Internet of Things (IoT) data exchange company, Terbine, and Flash Labs Corporation, an affiliate of Hyundai BS&C, are partnering to bring blockchain-based security to sensor data that moves within and between smart cities.
Axios
America’s entrepreneurial and technology power is dispersing beyond Silicon Valley and New York — a trend greatly accelerated by two Cs: coronavirus and California. The big picture: Elon Musk is the latest high-profile business leader to bolt from California because of its governance and cost.
PRWeb
Sundae, a residential real estate marketplace focused on helping sellers of distressed property get the best price for their home through a reliable and worry-free process, recently closed $36 million in Series B funding.
The New York Times
How often have you cursed out a traffic light that took forever to change? Or the lights on a long stretch of road made you stop at every cross street, just when you felt you might actually make it to work on time?
The Wall Street Journal
The pandemic and the prospect of working remotely have spawned an exodus from New York and San Francisco to sunnier, more-affordable cities. Few have benefited more than Austin. Texas’ capital is attracting more corporate jobs and remote workers than ever before, lured by lower costs and lower taxes.
Bloomberg
Australia has hit a notable energy milestone: one in four homes now has rooftop solar panels, more than anywhere else in the world. It also has a notable energy problem: one in four homes now has rooftop solar panels. Electricity networks require an instantaneous balance of supply and demand.
Bisnow
The construction world is incorporating more technology into projects than ever before to adapt and get jobs done during the coronavirus pandemic, but productivity has slowed and supply costs have risen, new reports released this week show.
PlaceTech
Infogrid, the two-year-old artificial intelligence technology company that automates facilities management and claims to make any building smart, has raised $15.5m Series A funding from a combination of UK and US investors. The round was led by Nordic VC, Northzone, an early stage investor in Spotify among other techs, with participation from JLL Spark, Concrete VC, The Venture Collective, Jigsaw VC, a leading global real estate investment group, and a large international asset owner.
Bloomberg
Tech stocks are soaring and high-profile initial public offerings are set to mint millionaires. Yet in San Francisco, the boom times are over. The resurgent coronavirus has thrust the tech hub back into lockdown. Offices sit empty as work-from-home policies stretch indefinitely.
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