Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
The Real Deal
To meet the surge in demand for last-mile real estate, CrowdStreet is launching an e-commerce property fund. The Portland, Oregon-based crowdfunding platform said the $20 million to $30 million fund will target warehouses, distribution and data centers, and logistics and last-mile properties.
Smart Cities World
Kinto, the mobility division of Toyota, has joined forces with Fleetondemand to introduce a mobility-as-a-service (MaaS) solution for UK businesses. Fleetondemand’s Mobilleo platform will power Kinto’s MaaS offering that consolidates all forms of travel into a single solution where customers can search thousands of different travel providers for flights, trains, car hire, car clubs, taxis, hotels, airport lounges and more.
Crunchbase News
JumpCloud, a Denver-based company that helps securely connect users with their networks, files and other systems, has landed a $75 million Series E funding round. The new round, led by BlackRock with participation from existing investor General Atlantic, brings the company’s total funding to more than $165 million….
Nasdaq
CBRE Acquisition Holdings, a blank check company formed by commercial real estate giant CBRE targeting growth companies, filed on Monday with the SEC to raise up to $400 million in an initial public offering.
Forbes
The pandemic is uncovering gaps and weaknesses in supply chains that require organizations to digitally transform themselves quickly starting with sustainability. Predicted to be a breakout year for Artificial Intelligence, 2020 quickly turned into a race for how quickly every organization could digitally transform themselves to survive, starting with supply chains.
BetaKit
Montreal-based proptech and artificial intelligence (AI) startup Local Logic has secured $8 million CAD in Series A financing. This latest round brings the company’s total funding to date to $10 million CAD. The round was led by Toronto-based GroundBreak Ventures.
WIRED
Elon Musk made a lot of promises during Tesla’s Battery Day last September. Soon, he said, the company would have a car that runs on batteries with pure silicon anodes to boost their performance and reduced cobalt in the cathodes to lower their price….
GlobeSt
To better understand office occupancy habits since the lockdowns, Kastle Systems has been studying keycard, fob and KastlePresence app access data from 3,600 buildings and 41,000 businesses across 47 states.
Bisnow
At the height of the coronavirus outbreak this spring, when lockdown was at its tightest, average footfall in the UK’s flexible office spaces fell to just 18% of 2019 levels. But a new report shows that in spite of this, companies were still paying for their space, and the number of companies that have actually broken contracts or moved out is relatively low….
TechCrunch
A former CFO of the state of California, Steve Westly is passionate about government. The onetime eBay exec and early Tesla board member has also been a proponent of clean energy for roughly 30 years, so he’s feeling optimistic right now, with former U.S. VP Joe Biden amassing a growing number of electoral votes and widening his lead over Donald Trump as he inches toward an election win….
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