Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
The Real Deal
Camber Creek — an early backer of proptech startups including VTS and WhyHotel — has raised $155 million from investors for its third and largest fund. The venture capital firm said the fund was oversubscribed; it set out to raise $120 million last year. Institutional investors including the Texas Employees Retirement System invested in the fund, which is four times the size of Camber Creek’s first two funds combined. …
The New York Times
With state and city government support, developers are building laboratories for medical research and incubator spaces for biotech start-ups amid the race for a coronavirus vaccine.
newcities
‘The Millennial Dilemma’, a seminal study exploring the future of North American cities by forecasting where the Millennial generation will live and why. Millennials have proven themselves to be a resilient generation, struggling to make the best choices for themselves and their families within the constraints forced upon them. In the wake of COVID-19, they are being tested like never before.
Dealpath
Dealpath, the real estate industry’s leading cloud-based deal management platform, is pleased to announce that the company is the Seventh Annual Real Estate Tech Awards (#RETAS) winner in the Investment Solutions category, presented by CREtech (cretech.com), the largest event, data and content platform in the commercial real estate tech industry….
Bisnow
Tishman Speyer has formed a blank check company to raise hundreds of millions from investors to acquire a proptech entity. The New York-based global developer has formed a special purpose acquisition company, TS Innovation Acquisitions Corp., which filed for a $300M initial public offering on Friday with the Securities and Exchange Commission.
CTECH
Israeli Proptech startup The Jones Agency, Inc. has been named the winner of the Real Estate Tech Awards 2020 Insurance Category, presented by CRETech. CRETech is the largest event, data, and content platform in the commercial real estate industry.
Wall Street Journal
Fallout from missed rent payments is threatening a large swath of the U.S population, as the expiration of eviction bans draws near. A large number of renters have been unable to pay some or even all of their rent since March, when the pandemic temporarily shut down most businesses. Many businesses remain closed or only partially open, pushing renters into unemployment and draining their savings.
Construction Dive
So far in 2020, nearly 20 reported incidents of flagrant racism took place on construction jobsites throughout North America, from nooses hung where workers of color would find them, to racist screeds of graffiti spewing hate.
Wall Street Journal
The business of investing in tech-oriented, startup property firms took years to gain traction in the stodgy real-estate industry. But it is gaining fresh momentum during the coronavirus pandemic. As fear of exposure to the new virus is limiting the ability to visit properties and close on them, demand is booming for startup firms that provide virtual ways to do this. Revenue and investment is rising for many, especially for those in the hot residential-sales business….
The New York Times
Buttons that you can press by just pointing at them. Others that appear to float in the air, holograms seen more in sci-fi films than office buildings. Staggered employee arrivals and departures, and the rethinking, or even elimination, of the outside lunch break.
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