Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
The Real Deal
One of the country’s biggest title insurers is doubling down on digital closings. First American Financial Corp. said it’s investing $40 million into Endpoint, a title and escrow startup it launched last year.
Bloomberg
Since the Spanish city of Barcelona introduced its first “superblock” in 2016, the concept of carving out islands of car-free space by routing traffic around multi-block areas has been influential in cities around the world….
The Wall Street Journal
More companies are looking to dump excess office space by renting it out to new tenants, flooding the market with additional supply that could depress U.S. office rents. With many employees planning to keep working from home for the foreseeable future, big corporate tenants in city centers say they have a surplus of office space.
Bisnow
Last week, the Urban Land Institute and PwC launched their flagship Emerging Trends in Real Estate Europe report, which surveys and interviews just shy of 1,000 real estate professionals about the state of the European real estate market.
ProPublica
Instead of moving away from areas in climate crisis, Americans are flocking to them. As land in places like Phoenix, Houston and Miami becomes less habitable, the country’s migration patterns will be forced to change.
CREtech
Catch up on this weeks important webinar where all of the key principals from PropTech Acquisition Corporation, Porch.com, and Moderne Ventures discuss the proposed public listing of this innovative software platform for home services companies.
The Wall Street Journal
The death of the office has been greatly exaggerated, at least in Central London. But tenants are becoming higher-maintenance, in a trend that could outlive Covid-19. This plays to the strengths of publicly traded landlords that are accustomed to being hands-on.
Axios
There’s huge pent-up demand among wealthy foreigners to buy property in New York, Los Angeles, San Francisco and other cities — and some people began calling their money managers as soon as Joe Biden’s victory was announced.
The Wall Street Journal
Japanese tech billionaire Masayoshi Son late this spring said he had “peered over the cliff edge” of financial ruin. Now, the SoftBank Group Corp. founder and chief executive is sitting on one of the largest cash piles in the investing world.
Envoy Technologies
Envoy Technologies, Inc (Envoy), the first-to-market EV “Mobility as an Amenity”™ provider to the Commercial Real Estate (CRE) industry, announced today it has secured an $11 million Series A round and a strategic vehicle financing facility to assist Envoy to scale to thousands of vehicles.
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