Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
Bloomberg
Airbnb Inc. and existing investors are seeking to raise as much as $2.6 billion in a long-awaited initial public offering expected to cap one of the busiest years ever for U.S. listings. The home-rental platform and some shareholders are offering 51.9 million shares at $44 to $50 apiece, San Francisco-based Airbnb said in a filing Tuesday with the U.S. Securities and Exchange Commission.
Bloomberg
Company after company has announced plans to cut their greenhouse gas emissions to net-zero by 2050. Occidental Petroleum Corp., Toronto-Dominion Bank, Eskom Holdings SOC Ltd. and Equinor ASA are among those that have made such a pledge in just the past month
The Real Deal
As Manhattan’s office landlords struggle to get people to return to the workplace, the city’s biggest provider of on-demand, in-person meeting spaces and conference centers has scaled back its footprint.
GlobeSt
Of the $50 million in funding that Kasa Living Inc. has raised, $30 million in new Series B funding was led by Ribbit Capital and $20 million in Series A funding was led by FirstMark Capital less than a year ago.
The Washington Post
When the economy sputtered with the coronavirus pandemic‘s spread this spring, unemployment surged as employers laid off workers by the thousands. Amazon took a different tack, hiring 400,000 workers to stow, sort, pick, pack and deliver goods from its warehouses across the country, and pushing its total employee count over 1.1 million people.
PlaceTech
Build to rent developer Moda Living has formed a technology partnership for its UK £2.5bn residential portfolio with the global tech giant. There is now a pipeline supplier agreement in place for more than 60,000 appliances spanning Moda’s neighbourhoods.
Bloomberg
People will likely return to the office more quickly than expected and that will help boost the price of some commercial real estate, according to J.P. Morgan Asset Management.
Bisnow
The city of Chicago faces a long winter with diminished economic prospects, but conditions are set to improve with a vaccine and a return to something resembling normal life next year, according to experts.
The Real Deal
If ever there was a time to talk about sex and gender issues in New York City real estate, it’s now. The topics were thrust onto the national stage in October when news broke that Hollywood boss Harvey Weinstein had allegedly sexually harassed and abused dozens of women for decades, using his power in the industry to threaten their careers if they didn’t comply with his demands.
Multifamily Executive Magazine
Named after Denver artist Henry Read, The Henry in Platt Park is located on a 4-acre, triangle-shaped lot in an industrial redevelopment area on the edge of Denver.
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