Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
Zach Firestone
Ryan Freedman is the founding general partner of Alpaca VC (formerly known as Corigin Ventures), a New York based seed firm that leads rounds across sectors. Ryan is an entrepreneur turned investor, from Coral Capital (tech enabled commercial finance operation) to Corigin (private real estate investment firm and early pioneer of co-living) to the leading VC that Alpaca is today.
Bloomberg
Office employees are getting used to the perks of telecommuting, and expect it to continue even after the pandemic ends, but most aren’t ready to abandon the office entirely, according to a survey by Jones Lang LaSalle Inc.
Microsoft Azure
As urbanization continues to take hold and cities face challenges to become more sustainable and livable, urban planning and operations strategies must adapt. The current pandemic has changed the way we live, accelerating cities’ future vision as a necessity of the present and what it means to live in a connected and resilient urban environment.
PropertyEU
Round Hill Ventures (RHV), the proptech venture capital spin-off of Round Hill Capital, has announced the first close of a €200 mln dedicated European Proptech Fund.
Anthropocene
Buildings are currently the source of about one-third of global greenhouse gas emissions. Until recently, most of those emissions have come from the energy needed for heating, lighting, and so on. But that pattern is starting to change.
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.
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