Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
The Wall Street Journal
Private-equity firm Thoma Bravo LP has struck a deal to buy property-management-software provider RealPage Inc. RP 28.75% for $9.6 billion, in one of the largest recent leveraged buyouts. Thoma Bravo is paying $88.75 per share for the company, a 31% premium to RealPage’s closing price Friday of $67.83, officials at the firms said….
Michael Beckerman
What a year. The most challenging for me personally in my 30+ year career. At CREtech, we ended 2019 on a high note… setting company sales records and accomplishing many professional growth objectives I had personally set for myself. And then, in what seemed like an instant, it all came crashing down. Some really, really hard choices had to be made, which as the CEO, is the worst part of my job. But we fought hard. We acted quickly and decisively. Our core team came up with some really…
TechCrunch
Today, the acute asthma attack of a primary school-aged girl in February 2013 was ruled by a U.K. court to be due to air pollution. It is thought to be the first ruling of its kind in the world. Only a year after Ella Kissi-Debrah died, another mother also became concerned about the effects of air quality on her daughter’s asthma and decided to do something about it….
Bisnow
The empty swaths of parking decks and garages during the coronavirus pandemic in commercial properties are more than just evidence that working from home has killed traffic into office buildings, hotels and retail properties. Those empty garages have huge financial implications on the commercial parking industry.
GlobeSt
Gridium’s energy efficiency retrofit project constructed at 550 Montgomery St. on behalf of Downtown Properties is the first to leverage PG&E’s commercial whole building program. This performance-based program financially rewards customers for every unit of energy saved. As constructed, this project is expected to improve building operations, exceed project costs with energy savings in five years and reduce annual energy costs by $0.26 per square foot or 15% of total energy costs.
Fifth Wall
In episode 8 of Building to Zero, Brendan sits down with Greg Smithies, a Partner at Fifth Wall who co-leads the Climate Technology Investment team. Greg frames his experience as a climate tech investor and outlines real estate’s path to decarbonization – and where he believes climate technology can make an impact.
TechCrunch
We’ve seen a big wave of proptech startups emerge to reimagine how houses are bought and sold, with some tapping into the opportunity with distressed property, and others exploring the “iBuyer” model where houses are bought and fixed up by a single startup and resold to homeowners who don’t want to invest in a fixer-upper….
Security101
Enterprise security planning presents unique challenges compared to a single-site organization. For businesses that are operating out of multiple locations across the globe, there are increased concerns about sharing data, being able to manage physical security at all locations, and how to protect valuable assets without incurring exorbitant fees in the process.
A/O PropTech
The World Economic Forum Global Innovators Community brings together the world’s most prominent corporates and scale-ups at the cutting edge of technological innovation. Joining the World Economic Forum Global Innovators Community will allow A/O PropTech, and the companies they back, to support policymakers, academics and business leaders in addressing major global challenges around urbanisation, affordable housing and climate risk.
The Real Deal
CoStar Group got federal regulators’ stamp of approval to buy residential tech provider Homesnap for $250 million, but the data giant still faces scrutiny over another acquisition that would strengthen its grip on residential listings. CoStar said the Federal Trade Commission cleared its purchase of Homesnap after the two companies submitted the proposed merger last month.
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