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
Uber, which spent hundreds of millions of dollars on a self-driving car project that executives once believed was a key to becoming profitable, is handing the autonomous vehicle effort over to a Silicon Valley start-up, the companies said on Monday.
TechCrunch
Lettuce celebrate the rise of indoor agriculture. In the past few months AppHarvest, a developer of greenhouse tomato farms went public through a special purpose acquisition vehicle, vertical farming giant Plenty raised $140 million, and now Gotham Greens, which is developing its own network of greenhouses, is announcing the close of $87 million in new funding.
Openpath
EQ Office’s new project features best-in-class technology using the Rise Buildings mobile app integrating Openpath’s mobile and cloud access control which provides tenants with touchless entry to various points around the campus as well as highly customizable real-time updates.
Bisnow
As data centers prioritize cleaner power, major tech firms are landing in what might seem like unlikely locations. Over the past few years, Google and Facebook have nestled into cities in the Tennessee Valley at ideal sites for data center development.
The Wall Street Journal
Jennifer Daly, 42, knew going back to the office would mean masks and hand sanitizer. She hadn’t known it would mean a growling stomach, too. After months of working from home, Ms. Daly craved a return to normalcy.
The Orange County Register
With perhaps half of all employees working from home, California offices are sparsely populated these days. As a result, vacancies are rising, new leases are dropping and some companies are putting some of their unused square footage on the market for sublease, commercial real estate brokerage CBRE reported.
TechCrunch
French startup Luko has raised a $60 million Series B funding round (€50 million). The round is led by EQT Ventures, with existing investors Accel, Founders Fund and Speedinvest also participating. Some angel investors with a background in insurance and technology are also investing in the startup, such as Assaf Wand, the co-founder of Hippo Insurance.
Fast Company
In the United States and other developed countries, the pandemic has driven a large proportion of the workforce to work from home, and in the aftermath of the crisis, the number of people who permanently work remotely is likely to triple or quadruple.
GlobeSt
After the experiencing its worst quarter since 2018 at the start of the pandemic, the rent tech space showed signs of recovery in the third quarter. RET Ventures tracks the market activity, and recently produced its first quarterly data report on the space.
The Wall Street Journal
The world of venture capital is notoriously insular. For tech startups hoping to attract millions of dollars from private investors, having the right connections is often key to getting a meeting—and persuading investors to take a chance on an unproven idea.
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