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
CoStar Group, Inc., one of the world’s largest providers of commercial real-estate information and analytics, has taken its first major step into the residential data business by agreeing to pay $250 million for Homesnap Inc.
Property Week
Fifth Wall’s managing director of real estate technology investment talks to Property Week about the venture capital firm’s fund launch, the three ‘buckets’ of proptech and what the post-Covid future holds.
The Wall Street Journal
The race is on to become the next Tesla Inc. Tens of billions are riding on the outcome. Investors from Wall Street to the Motor City are betting that a field of electric-car startups can emulate the rise of Elon Musk, who sits at the wheel of a company that is on track to sell 500,000 battery-powered vehicles this year and turn its first-ever annual profit.
CTech by Calcalis
Fintech startup Obligo has completed a $15.5 million funding round, with $2 million coming via debt from Viola Credit. The round was led by Israeli venture capital firm 10D, with the participation of 83 North and Entrée Capital, who both also invested in the company’s seed round. Several real estate investors from the U.S. also took part.
Bloomberg
Mizuho Financial Group Inc. is set to trim its Singapore office space, as the Japanese bank looks to revamp the workplace in global financial centers in the wake of the pandemic.
The Wall Street Journal
Tech companies in smaller cities are starting to see an uptick in applications from candidates living in San Francisco and New York—areas that have long had a grip on tech talent. Deepinder Singh, founder of a Bloomington, Minn.-based startup, had never bothered trying to recruit Silicon Valley tech workers.
The Real Deal
StreetEasy has another new competitor. LX Collection is a new platform that aims to sell luxury condominiums in a handful of cities to wealthy homebuyers across the globe.
GlobeSt
DALLAS—Gensler’s Research Institute conducted an anonymous online survey among more than 2,300 US workers to understand where and how the future workplace will operate. This survey’s goal was to shed light on the continuing role of the physical workplace in a post-COVID future.
AGC Partners
The COVID-19 crisis has forced tenants and owners to rethink space and density requirements – real estate technology is critical to execution in a post-COVID new normal as tried business models are faced with existential threats. Join this webinar on December 3 discussing Real Estate Technology in the age of COVID.
Axios
As the pandemic causes many to rethink their housing choices, accessory dwelling units (ADUs) — or granny flats — are seen as viable options for multigenerational housing or singles who want to get out of apartment buildings.
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