Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
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.
JLL
JLL has announced the hire of Chief Product Officer Sharad Rastogi to lead JLL Technologies (JLLT). Based in San Francisco, Rastogi will lead product strategy and engineering execution of JLLT’s revenue-generating technology offerings, helping to unlock data-driven insights and experiences, while improving the efficiency and ROI of clients’ real estate portfolios.
The Real Deal
Tech giants Facebook and Google are pulling out their checkbooks to back a modular housing startup. Factory_OS, which aims to build apartments more efficiently and for less money, announced the Series B Friday.
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