Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
The Real Deal
More than 100 bank branches have closed or are set to close across New York City this year, Crain’s reported, citing filings with federal and state regulators. That level of retreat is the largest in more than two decades.
The Business Journals
A startup that makes an electric flying taxi may land a new facility in Orlando. Munich-based Lilium Aviation Inc. seeks tax incentives from Orlando to build a 56,000-square-foot transportation hub in the city, according to the Nov. 9 city council meeting agenda.
This is Construction
Adelaide now boasts one of Australia’s smartest buildings, GPO Exchange. The 20-storey A-grade commercial building has raised the bar for smart buildings, winning an Australian Engineering Excellence Award 2020 and an International IBcon Digie Award for Most Intelligent Office Building 2020….
HousingWire
As the country embraces technology now more than ever, lenders and title companies have an opportunity to embrace the possibilities of mortgage technology to connect with consumers in new ways and grow their businesses.
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.
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